Japan Post Holdings Co., Ltd. 4

What Happened
Japan Post Holdings Co., Ltd., reported as a 10% owner, sold a total of 26,500 shares of Aflac Inc. (AFL) in two open-market transactions on June 10, 2026. The filings show 4,797 shares disposed at a weighted average price of $116.25 for $557,651 and 21,703 shares disposed at a weighted average price of $117.16 for $2,542,723, for total proceeds of $3,100,374. This was an institutional sale (not an executive purchase) and should be viewed as a disposition rather than a bullish insider buy.

Key Details

• Transaction dates: June 10, 2026 (both sales); filing date: June 12, 2026 (filed within the typical two‑business‑day Form 4 window).
• Shares sold: 4,797 @ $116.25 ($557,651) and 21,703 @ $117.16 ($2,542,723); total 26,500 shares for $3,100,374.
• Reported price ranges (per footnotes): one group sold at prices between $115.84–$116.83 (F1); the other between $116.845–$117.635 (F3). The reporting person can provide per‑trade breakdowns on request.
• Ownership structure (F2): the shares are held directly by J&A Alliance Holdings as trustee of the J&A Alliance Trust. Japan Post is identified as settlor and beneficiary and may be deemed a beneficial owner; other parties (General Incorporated Association J&A Alliance, Kenji Sano, Tetsuya Numaguchi) are noted in the filing with disclaimers of beneficial ownership except to the extent of pecuniary interest.
• Shares owned after transaction: not disclosed in the provided excerpt of this filing.

Context

• This filing reflects institutional selling by a reported 10% owner (Japan Post) via a trust structure — different from an insider executive selling shares. Such sales can be routine rebalancing or liquidity events and do not, by themselves, indicate company performance or insider sentiment.
• The form was filed promptly (two days after the trades), consistent with Form 4 timing requirements.