Japan Post Holdings Co., Ltd. 4
4 · AFLAC INC · Filed Mar 31, 2026
Research Summary
AI-generated summary of this filing
AFLAC (AFL) 10% Owner Japan Post Sells 14,500 Shares
What Happened Japan Post Holdings Co., Ltd., reported as a 10% owner, sold a total of 14,500 shares of Aflac Inc. (AFL) in open-market/private sales on March 27, 2026. The sales were reported as three blocks: 7,336 shares at a reported weighted average price of $106.60 ($782,018); 5,801 shares at $107.91 ($625,986); and 1,363 shares at $108.45 ($147,817). Proceeds across the three transactions total approximately $1,555,821. These were sales (S), which are generally routine disposition rather than a bullish signal.
Key Details
- Transaction dates: March 27, 2026 (all three sales).
- Reported blocks and values:
- 7,336 shares @ $106.60 = $782,018 (footnote F1: prices in that block ranged $106.33–$107.33).
- 5,801 shares @ $107.91 = $625,986 (footnote F3: prices in that block ranged $107.35–$108.35).
- 1,363 shares @ $108.45 = $147,817 (footnote F4: prices in that block ranged $108.36–$108.73).
- Ownership after transaction: not specified in the provided filing.
- Filing timing: Form 4 filed Mar 31, 2026 for trades on Mar 27, 2026 (filed four days after the trades); Form 4s are normally due within two business days, so this filing appears later than typical (may warrant noting but does not by itself indicate wrongdoing).
- Ownership structure note (footnote F2): the reported securities are held directly by J&A Alliance Holdings Corporation as trustee of the J&A Alliance Trust. General Incorporated Association J&A Alliance and two individuals (Kenji Sano and Tetsuya Numaguchi) are described in the beneficial-ownership chain; Japan Post is identified as the sole settlor and beneficiary of the Trust. Each party disclaims beneficial ownership except to the extent of pecuniary interest.
- The reporting person indicates they can provide a breakdown of the number of shares sold at each price within the reported ranges upon request (per footnotes F1–F4).
Context This filing involves a large institutional/related-party holder (a 10% owner via a trust structure), not an executive. Institutional sales can reflect portfolio/administrative decisions and don’t necessarily signal management’s view of the company. No options exercises, grants, 10b5-1 plan, or tax-withholding events are reported here — only sales.
Insider Transaction Report
Form 4
AFLAC INCAFL
Japan Post Holdings Co., Ltd.
10% Owner
Transactions
- Sale
Common Stock
[F1][F2]2026-03-27$106.60/sh−7,336$782,018→ 51,996,364 total(indirect: See footnote) - Sale
Common Stock
[F3][F2]2026-03-27$107.91/sh−5,801$625,986→ 51,990,563 total(indirect: See footnote) - Sale
Common Stock
[F4][F2]2026-03-27$108.45/sh−1,363$147,817→ 51,989,200 total(indirect: See footnote)
Footnotes (4)
- [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 $106.33 to $107.33 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"), Kenji Sano and Tetsuya Numaguchi 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 and Tetsuya Numaguchi each own 50% 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, Tetsuya Numaguchi 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 $107.35 to $108.35 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.
- [F4]The price reported represents the weighted average price of shares of Common Stock of the Issuer sold in multiple transactions at prices ranging from $108.36 to $108.73 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.
Signature
/s/ Nobuyasu Kato, Rep. Exec. Officer and Executive Vice President of Japan Post Holdings Co., Ltd.|2026-03-31