Japan Post Holdings Sells $1.61M of Aflac Inc (AFL) Shares

Executive Summary

On September 15, 2026, Japan Post Holdings Co., Ltd., a 10% beneficial owner of Aflac Inc. ($AFL), filed a Form 4 disclosing the sale of 14,000 shares of common stock on September 11, 2026, generating approximately $1.61 million in gross proceeds.

Transaction Breakdown

• Date of Transactions: September 11, 2026
• Shares Sold:
  • 13,173 shares at a weighted average price of $115.12 ($114.36 – $115.36 range)
  • 827 shares at a weighted average price of $115.41 ($115.365 – $115.45 range)
• Aggregate Sale Amount: 14,000 shares for ~$1,611,919.83
• Average Realized Price: ~$115.14 per share
• Rule 10b5-1 Plan: Yes, transaction was executed pursuant to an affirmative Rule 10b5-1 trading arrangement.

Ownership Structure & Context

• Nature of Ownership: Indirect, held via J&A Alliance Holdings Corporation as trustee for J&A Alliance Trust, of which Japan Post is the sole settlor and beneficiary.
• Post-Transaction Balance: 50,598,190 shares remain held indirectly.
• Significance: Low. The disposition represents less than 0.03% of Japan Post's total position in Aflac and was carried out under a pre-established 10b5-1 plan.