Japan Post Holdings Co., Ltd. 4
4 · AFLAC INC · Filed Mar 30, 2026
Research Summary
AI-generated summary of this filing
Aflac (AFL) 10% Owner Japan Post Holdings Sells Shares
What Happened
Japan Post Holdings Co., Ltd. (reported as a 10% owner) sold a total of 14,900 shares of Aflac Inc. (AFL) in open-market transactions on March 26, 2026. The sales were split into 7,514 shares at $107.79 ($809,934) and 7,386 shares at $108.17 ($798,944), for an aggregate cash proceeds of approximately $1,608,878. These were outright sales (transaction code S), which are typically routine disposition transactions rather than an indication of company-specific sentiment.
Key Details
- Transaction dates: March 26, 2026 (both sales)
- Prices reported:
- 7,514 shares at $107.79 (reported total $809,934) — weighted-price range for these sales reported as $107.04–$108.04 (Footnote F1)
- 7,386 shares at $108.17 (reported total $798,944) — weighted-price range for these sales reported as $108.05–$108.29 (Footnote F3)
- Total shares sold: 14,900; total proceeds: ~$1.61M
- Shares owned after the transaction: not specified in the provided Form 4 filing
- Beneficial ownership structure: the reported shares are held directly by J&A Alliance Holdings as trustee of the J&A Alliance Trust; Japan Post may be deemed to beneficially own those shares due to its role as sole settlor and beneficiary, but parties disclaim ownership except to the extent of pecuniary interest (Footnote F2).
- Filing timing: Form 4 was filed Mar 30, 2026 for trades on Mar 26, 2026 (filed four days later); Form 4s are generally due within two business days of the transaction, so this filing appears later than typical.
Context
- This report concerns a 10% institutional owner (not an executive officer or director), so the sale reflects an institutional trustee transaction structure rather than a manager-level insider trade.
- Footnotes indicate the sales occurred across multiple trade prices within the stated ranges; the filer will provide a per-price breakdown to the issuer or SEC staff upon request.
- Sales (S) are common and less informative for bullish/bearish signals than purchases; retail investors often weigh purchases more heavily when assessing insider confidence.
Insider Transaction Report
Form 4
AFLAC INCAFL
Japan Post Holdings Co., Ltd.
10% Owner
Transactions
- Sale
Common Stock
[F1][F2]2026-03-26$107.79/sh−7,514$809,934→ 52,011,086 total(indirect: See footnote) - Sale
Common Stock
[F3][F2]2026-03-26$108.17/sh−7,386$798,944→ 52,003,700 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 $107.04 to $108.04 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"), Kenji Sano and Tetsuya Numaguchi 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 and Tetsuya Numaguchi each own 50% 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, Tetsuya Numaguchi 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 $108.05 to $108.29 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.
Signature
/s/ Nobuyasu Kato, Rep. Exec. Officer and Executive Vice President of Japan Post Holdings Co., Ltd.|2026-03-30