Japan Post Holdings Sells $1.48M in Aflac ($AFL) via Rule 10b5-1 Plan

Insider Transaction Overview

On September 1, 2026, Japan Post Holdings Co., Ltd., a 10% beneficial owner of Aflac Inc. ($AFL), executed open-market sales totaling 12,800 shares of Common Stock for an aggregate amount of $1,481,806.80.

Transaction Breakdown:

• Batch 1: 8,670 shares sold at a weighted average price of $115.65 (range: $114.92–$115.92)
• Batch 2: 4,130 shares sold at a weighted average price of $116.01 (range: $115.925–$116.47)
• Overall Weighted Average Price: $115.77 per share

Key Observations:

1. Ownership Structure: The shares are held indirectly via J&A Alliance Holdings Corporation acting as trustee for the J&A Alliance Trust, where Japan Post is the sole settlor and beneficiary.
2. Trading Plan: The trades were conducted under a pre-established Rule 10b5-1 trading plan.
3. Portfolio Impact: Following the disposition, Japan Post retains indirect beneficial ownership of 50,701,190 shares, making this transaction (~0.025% of holdings) negligible relative to their total stake.
4. Market Impact: Low significance due to routine execution under a trading plan and nominal size relative to total beneficial ownership.