Japan Post Holdings Disposes of 13,600 Shares of Aflac Inc ($AFL)

Insider Trading Summary: Aflac Inc ($AFL)

Overview

On September 16, 2026, Japan Post Holdings Co., Ltd., a 10% beneficial owner of Aflac Inc ($AFL), filed a Form 4 reporting open market sales executed on September 14, 2026.

Key Transaction Details

• Insider: Japan Post Holdings Co., Ltd. (10% Owner)
• Transaction Type: Sale (Code: S)
• Total Shares Sold: 13,600 shares
  • 9,545 shares at a weighted average price of $116.62 ($115.995 to $116.99)
  • 4,055 shares at a weighted average price of $117.02 ($117.00 to $117.07)
• Total Transaction Value: $1,587,654.00
• Average Price Per Share: ~$116.74
• Post-Transaction Holdings: 50,584,590 indirect shares
• Plan Adoption: Executed pursuant to a Rule 10b5-1 trading plan (aff10b5One is active).

Significance and Context

• Holding Impact: The sale of 13,600 shares represents less than 0.03% of Japan Post's total indirect position of over 50.58 million shares.
• Ownership Structure: The shares are held indirectly through J&A Alliance Holdings Corporation as trustee of the J&A Alliance Trust, where Japan Post serves as the sole settlor and beneficiary.
• Trading Significance: Low. The routine disposition under a pre-established Rule 10b5-1 trading plan accounts for an immaterial portion of Japan Post's massive core holding.