Japan Post Holdings Disposes of 12,200 Shares of Aflac Inc ($AFL)

Insider Transaction Overview

On September 22, 2026, Japan Post Holdings Co., Ltd., a 10% beneficial owner of Aflac Inc ($AFL), executed a sale of 12,200 shares of common stock at a weighted average price of $114.55 per share (ranging between $114.15 and $115.02). The aggregate transaction value was approximately $1.40 million.

Key Highlights

• Rule 10b5-1 Plan: The filing notes that the trade was executed pursuant to a pre-arranged Rule 10b5-1 trading plan.
• Ownership Structure: The shares are held indirectly through J&A Alliance Holdings Corporation as trustee of the J&A Alliance Trust, of which Japan Post is the sole settlor and beneficiary.
• Portfolio Impact: Japan Post continues to hold an indirect stake of 50,507,090 shares in Aflac following this transaction. The sale represents roughly 0.024% of its total holdings.
• Significance: Low, given the tiny portion of the overall position sold and the use of a pre-established 10b5-1 trading arrangement.