Japan Post Holdings Disposes of $6.48M in Aflac Inc ($AFL)

Overview

On October 16, 2026, Japan Post Holdings Co., Ltd., a 10% owner of Aflac Inc ($AFL), filed a Form 4 detailing sales of common stock executed on October 14, 2026. The transactions were conducted pursuant to a Rule 10b5-1 trading arrangement.

Transaction Details

The reporting entity sold a cumulative 55,000 shares across three distinct price brackets:

• 6,305 shares at a weighted average price of $116.55 ($116.00 to $117.00)

• 19,046 shares at a weighted average price of $117.61 ($117.01 to $118.01)

• 29,649 shares at a weighted average price of $118.17 ($118.02 to $118.24)

• Total Gross Proceeds: ~$6,478,470.14

• Blended Average Price: ~$117.79 per share

• Nature of Ownership: Indirect, held through J&A Alliance Holdings Corporation as trustee of the J&A Alliance Trust.

Position and Significance

Despite the $6.48M divestment, Japan Post Holdings retains 50,247,940 shares indirectly. The sold volume represents roughly 0.11% of its overall holding, indicating routine programmatic rebalancing under a 10b5-1 plan rather than an aggressive exit or fundamental strategic divergence.