LAKE CHARLES D II 4

What Happened
Lake Charles D II, Chairman and Representative Director (ALIJ) of Aflac Inc. (AFL), sold 5,000 shares on March 25, 2026 in an open-market/private sale. The weighted-average sale price reported was $107.27 per share, generating proceeds of approximately $536,365. This was a sale (S), which is typically a routine disposition and does not by itself indicate the insider’s view of the company.

Key Details

• Transaction date: 2026-03-25 (reported on Form 4 filed 2026-03-27). Filing appears timely (no late filing flag).
• Price(s): Weighted-average price $107.27; sale prices ranged from $107.26 to $107.31 across multiple trades (see footnote F1).
• Shares sold: 5,000; total proceeds ≈ $536,365.
• Shares owned after transaction: Not specified in this filing.
• Footnote: F1 notes the weighted-average reflects multiple transactions at $107.26–$107.31 and the reporting person will provide breakdowns on request.

Context

• This was a direct sale of existing shares (transaction code S). Sales by insiders can be for many reasons (diversification, liquidity, tax planning) and are not direct evidence of company fundamentals.
• No options exercises, awards, gifts, or 10b5-1 plan disclosure were reported in this filing.