Japan Post Holdings Co., Ltd. 4
4 · AFLAC INC · Filed Apr 1, 2026
Research Summary
AI-generated summary of this filing
AFLAC (AFL) 10% Owner Japan Post Sells Shares
What Happened
- Japan Post Holdings Co., Ltd. (reported as a 10% owner) sold a total of 14,700 shares of AFLAC Inc. common stock in open-market/private sales on March 30, 2026. The individual reported transactions were: 621 shares at $107.07 ($66,490), 14,039 shares at $108.28 ($1,520,143), and 40 shares at $108.89 ($4,356), for an aggregate proceeds of about $1,590,989. These were reported on a Form 4 filed April 1, 2026. Sales (S) are generally routine dispositions and are not a direct bullish signal.
Key Details
- Transaction date: 2026-03-30 (reported on Form 4 filed 2026-04-01); filing appears timely.
- Individual trades reported:
- 621 shares @ $107.07 = $66,490 (weighted average; actual per-share prices ranged $106.81–$107.64 per footnote)
- 14,039 shares @ $108.28 = $1,520,143
- 40 shares @ $108.89 = $4,356 (footnote indicates similar weighted-average range for the relevant trades)
- Total shares sold: 14,700; total proceeds: ≈ $1.59 million.
- Shares owned after the transaction: Not specified in the filing.
- Ownership structure note (footnote): The reported shares are held directly by J&A Alliance Holdings as trustee of the J&A Alliance Trust. Japan Post may be deemed to beneficially own these shares because it is the sole settlor and beneficiary of the Trust, though Japan Post and other parties disclaim beneficial ownership except to the extent of pecuniary interest.
- No 10b5-1 plan, option exercise, gift, or tax-withholding flag noted — this was a straightforward sale reporting.
Context
- This filing reflects institutional selling by a reported 10% owner (via a trust structure), not an individual executive. Institutional disposals can reflect portfolio management or other non-managerial reasons and should not be taken alone as a signal of company prospects.
- Footnotes note weighted-average price ranges for the multiple trades and say the reporting person will provide details on specific per-share prices to the issuer or SEC staff upon request.
Insider Transaction Report
Form 4
AFLAC INCAFL
Japan Post Holdings Co., Ltd.
10% Owner
Transactions
- Sale
Common Stock
[F1][F2]2026-03-30$107.07/sh−621$66,490→ 51,988,579 total(indirect: See footnote) - Sale
Common Stock
[F3][F2]2026-03-30$108.28/sh−14,039$1,520,143→ 51,974,540 total(indirect: See footnote) - Sale
Common Stock
[F2]2026-03-30$108.89/sh−40$4,356→ 51,974,500 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 $106.81 to $107.64 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 $107.86 to $108.85 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.|2026-04-01