LAKE CHARLES D II 4

What Happened
Lake Charles D II, Chairman and Representative Director (ALIJ) of AFLAC Inc., sold 15,590 shares on March 11, 2026. The shares were disposed at $109.93 per share for a reported total of $1,713,809. The sale was reported on a Form 4 filed March 13, 2026.

Key Details

• Transaction date: 2026-03-11
• Price per share: $109.93
• Shares sold: 15,590; proceeds reported: $1,713,809
• Method: Reported as an open-market or private sale (S) in the filing
• Footnote: The sale was effected pursuant to a Rule 10b5-1 trading plan adopted by the reporting person on December 8, 2025 (pre-established trading plan).
• Filing timeliness: Form 4 filed 2026-03-13 (appears filed within the normal two-business-day window)
• Shares owned after transaction: Not specified in the provided excerpt of the filing (see full Form 4 for "Owned Following Reported Transaction" details).

Context
The sale was executed under a 10b5-1 plan, which allows insiders to schedule trades in advance; such trades are typically pre-planned and do not by themselves indicate a change in the insider’s view of the company. Sales are common for routine reasons (liquidity, diversification, taxes) and are generally less informative than purchases when assessing insider sentiment.