Japan Post Holdings Co., Ltd. 4
4 · AFLAC INC · Filed Mar 24, 2026
Research Summary
AI-generated summary of this filing
AFLAC (AFL) Japan Post Holdings (10% Owner) Sells Shares
What Happened
Japan Post Holdings Co., Ltd. (reported as a 10% owner) sold a total of 16,800 shares of Aflac Inc. (AFL) in open-market transactions on March 20, 2026. The filing shows two disposals: 14,851 shares at an average price of $106.33 for proceeds of $1,579,107, and 1,949 shares at an average price of $107.53 for proceeds of $209,576 — total proceeds roughly $1,788,683. These were sales (S), not purchases, and typically reflect disposition by a large institutional/beneficial owner rather than an executive buying stock.
Key Details
- Transaction date: 2026-03-20 (filed with the SEC on 2026-03-24 — within the Form 4 two-business-day window).
- Reported trades: 14,851 shares @ $106.33 ($1,579,107) and 1,949 shares @ $107.53 ($209,576); combined = 16,800 shares, ~$1.79M.
- Price footnotes: weighted-average ranges reported — $106.14–$107.07 for the first group (F1) and $107.23–$107.935 for the second (F3); the filer can provide per-price breakdown on request.
- Ownership after transaction: not specified in the provided excerpt of the filing.
- Holder structure (F2): the shares are held directly by J&A Alliance Holdings (trustee of the J&A Alliance Trust). General Incorporated Association J&A Alliance and Kenji Sano may be deemed to beneficially own the securities held by the trustee; Japan Post may be deemed to beneficially own them as sole settlor and beneficiary — each party disclaims beneficial ownership except to the extent of pecuniary interest.
Context
This filing documents sales by a significant institutional/beneficial owner (10% owner) rather than insider trading by company management. Sales by large holders can be routine rebalancing or liquidity events and do not necessarily signal a change in company fundamentals. No option exercises, gifts, 10b5‑1 plan, or tax-withholding disposition were indicated in the provided notes.
Insider Transaction Report
- Sale
Common Stock
[F1][F2]2026-03-20$106.33/sh−14,851$1,579,107→ 52,063,749 total(indirect: See footnote) - Sale
Common Stock
[F3][F2]2026-03-20$107.53/sh−1,949$209,576→ 52,061,800 total(indirect: See footnote)
Footnotes (3)
- [F1]The price reported represents the weighted average price of shares of Common Stock of Aflac Inc. (the "Issuer") sold in multiple transactions at prices ranging from $106.14 to $107.07 per share. The reporting person will provide to the Issuer, or the Securities and Exchange Commission staff, upon request, information regarding the number of shares sold at each price within the range.
- [F2]The reported securities are held directly by J&A Alliance Holdings Corporation ("J&A Holdings"), in its capacity as the trustee of the J&A Alliance Trust (the "Trust"). General Incorporated Association J&A Alliance ("General Incorporated") and Kenji Sano each may be deemed to beneficially own the securities held by J&A Holdings (in its capacity as trustee of the Trust) because (i) General Incorporated owns J&A Holdings and (ii) Kenji Sano owns 100% of the equity interests in General Incorporated. Japan Post Holdings Co., Ltd. ("Japan Post") may be deemed to beneficially own the shares of common stock owned directly by J&A Holdings, in its capacity as the trustee of the Trust, due to its role as the sole settlor and beneficiary of the Trust. Each of General Incorporated, Kenji Sano and Japan Post expressly disclaim beneficial ownership of the reported securities except to the extent of its pecuniary interest therein.
- [F3]The price reported represents the weighted average price of shares of Common Stock of the Issuer sold in multiple transactions at prices ranging from $107.23 to $107.935 per share. The reporting person will provide to the Issuer, or the Securities and Exchange Commission staff, upon request, information regarding the number of shares sold at each price within the range.