Japan Post Holdings Sells $4.89M of Aflac ($AFL) via Rule 10b5-1 Plan

Insider Transaction Overview

On October 15, 2026, Japan Post Holdings Co., Ltd., a 10% owner of Aflac Inc. ($AFL), filed a Form 4 reporting the disposition of 42,000 shares of common stock across two transactions on October 13, 2026.

Key Transaction Details

• Shares Sold: 42,000 shares (41,660 shares at a weighted average price of $116.37, and 340 shares at a weighted average price of $117.03)
• Total Consideration: Approximately $4,887,764.40
• Average Price: ~$116.38 per share
• Holding Type: Indirectly held via J&A Alliance Holdings Corporation as trustee of the J&A Alliance Trust, where Japan Post serves as sole settlor and beneficiary.
• Remaining Indirect Stake: 50,302,940 shares
• Trading Plan: Executed pursuant to a Rule 10b5-1 trading plan.

Significance & Market Context

While the gross dollar value of ~$4.89 million is substantial, the sale represents less than 0.1% of Japan Post Holdings' vast indirect position of over 50.3 million shares in Aflac. Furthermore, the transaction was conducted pursuant to a pre-arranged Rule 10b5-1 trading plan, indicating scheduled divestment rather than a discretionary reaction to near-term material events.