Japan Post Holdings Co., Ltd. 4

What Happened

• Japan Post Holdings Co., Ltd. (reported as a 10% owner) sold a total of 14,700 shares of AFLAC Inc. common stock in open-market/private sales on March 30, 2026. The individual reported transactions were: 621 shares at $107.07 ($66,490), 14,039 shares at $108.28 ($1,520,143), and 40 shares at $108.89 ($4,356), for an aggregate proceeds of about $1,590,989. These were reported on a Form 4 filed April 1, 2026. Sales (S) are generally routine dispositions and are not a direct bullish signal.

Key Details

• Transaction date: 2026-03-30 (reported on Form 4 filed 2026-04-01); filing appears timely.
• Individual trades reported:
  • 621 shares @ $107.07 = $66,490 (weighted average; actual per-share prices ranged $106.81–$107.64 per footnote)
  • 14,039 shares @ $108.28 = $1,520,143
  • 40 shares @ $108.89 = $4,356 (footnote indicates similar weighted-average range for the relevant trades)
• Total shares sold: 14,700; total proceeds: ≈ $1.59 million.
• Shares owned after the transaction: Not specified in the filing.
• Ownership structure note (footnote): 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 these shares because it is the sole settlor and beneficiary of the Trust, though Japan Post and other parties disclaim beneficial ownership except to the extent of pecuniary interest.
• No 10b5-1 plan, option exercise, gift, or tax-withholding flag noted — this was a straightforward sale reporting.

Context

• This filing reflects institutional selling by a reported 10% owner (via a trust structure), not an individual executive. Institutional disposals can reflect portfolio management or other non-managerial reasons and should not be taken alone as a signal of company prospects.
• Footnotes note weighted-average price ranges for the multiple trades and say the reporting person will provide details on specific per-share prices to the issuer or SEC staff upon request.