Japan Post Holdings Sells 12,000 Shares of Aflac ($1.38M) Under Rule 10b5-1

Overview

On October 14, 2026, Japan Post Holdings Co., Ltd., a 10% beneficial owner of Aflac Inc. ($AFL), reported the sale of 12,000 shares of common stock executed on October 9, 2026. The sales generated aggregate gross proceeds of approximately $1.38 million at a weighted average price of approximately $114.72 per share.

Transaction Breakdown

The transactions were completed indirectly via J&A Alliance Holdings Corporation as trustee of the J&A Alliance Trust, pursuant to a pre-arranged Rule 10b5-1 trading plan:

• 11,960 shares sold at a weighted average price of $114.72 (range: $114.47 to $115.455)
• 40 shares sold at $115.52

Market and Ownership Impact

• Pre-Transaction Indirect Ownership: 50,369,140 shares
• Post-Transaction Indirect Ownership: 50,357,140 shares
• Significance: Low. The sale of 12,000 shares represents less than 0.03% of Japan Post's massive holding of over 50.35 million shares of Aflac stock. Because the transaction was conducted under a Rule 10b5-1 plan and represents an immaterial portion of their overall equity position, it carries minimal direct market signaling weight.