Japan Post Holdings Co., Ltd. 4
4 · AFLAC INC · Filed Mar 6, 2026
Research Summary
AI-generated summary of this filing
AFLAC (AFL) 10% Owner Japan Post Holdings Sells 19,900 Shares
What Happened Japan Post Holdings Co., Ltd., reported as a greater-than-10% owner of Aflac Inc. (AFL), sold a total of 19,900 shares of AFL common stock in open-market transactions on March 4, 2026. The filing lists two disposals: 7,756 shares at $112.14 per share ($869,758) and 12,144 shares at $112.55 per share ($1,366,807), for combined proceeds of approximately $2,236,565. The filing notes these sales occurred as multiple transactions and reports weighted-average price ranges for each block.
Key Details
- Transaction dates: March 4, 2026; Form 4 filed March 6, 2026 (timely filing).
- Reported trades: 7,756 shares @ $112.14 = $869,758; 12,144 shares @ $112.55 = $1,366,807; total ≈ $2,236,565.
- Footnotes on pricing: First block weighted-average prices ranged $111.39–$112.39 (footnote F1); second block ranged $112.40–$112.91 (footnote F3). The filer can provide the per-transaction breakdown to the company or SEC on request.
- Ownership/beneficial owner note (footnote F2): The shares are held directly by J&A Alliance Holdings as trustee of the J&A Alliance Trust. General Incorporated Association J&A Alliance and Kenji Sano may be deemed to beneficially own those shares; Japan Post may be deemed a beneficial owner as sole settlor and beneficiary of the Trust, though each party disclaims beneficial ownership except to the extent of pecuniary interest.
- Shares owned after transaction: Not specified in the excerpt provided.
Context These are sales by a large institutional holder (reported as >10% owner), not an executive-level buy or sale. Sales by institutional/beneficial owners are often routine portfolio activity and do not necessarily signal management view; no purchase or option exercise occurred here. The filing is timely (filed two days after the reported transactions).
Insider Transaction Report
- Sale
Common Stock
[F1][F2]2026-03-04$112.14/sh−7,756$869,758→ 52,272,944 total(indirect: See footnote) - Sale
Common Stock
[F3][F2]2026-03-04$112.55/sh−12,144$1,366,807→ 52,260,800 total(indirect: See footnote)
Footnotes (3)
- [F1]The price reported represents the weighted average price of shares of Common Stock of Aflac Inc. (the "Issuer") sold in multiple transactions at prices ranging from $111.39 to $112.39 per share. The reporting person will provide to the Issuer, or the Securities and Exchange Commission staff, upon request, information regarding the number of shares sold at each price within the range.
- [F2]The reported securities are held directly by J&A Alliance Holdings Corporation ("J&A Holdings"), in its capacity as the trustee of the J&A Alliance Trust (the "Trust"). General Incorporated Association J&A Alliance ("General Incorporated") and Kenji Sano each may be deemed to beneficially own the securities held by J&A Holdings (in its capacity as trustee of the Trust) because (i) General Incorporated owns J&A Holdings and (ii) Kenji Sano owns 100% of the equity interests in General Incorporated. Japan Post Holdings Co., Ltd. ("Japan Post") may be deemed to beneficially own the shares of common stock owned directly by J&A Holdings, in its capacity as the trustee of the Trust, due to its role as the sole settlor and beneficiary of the Trust. Each of General Incorporated, Kenji Sano and Japan Post expressly disclaim beneficial ownership of the reported securities except to the extent of its pecuniary interest therein.
- [F3]The price reported represents the weighted average price of shares of Common Stock of the Issuer sold in multiple transactions at prices ranging from $112.40 to $112.91 per share. The reporting person will provide to the Issuer, or the Securities and Exchange Commission staff, upon request, information regarding the number of shares sold at each price within the range.