Japan Post Holdings Co., Ltd. 4

What Happened
Japan Post Holdings Co., Ltd., reported as a 10% owner, sold a total of 48,500 shares of Aflac Inc. common stock in open-market/private sales on June 11, 2026. The filing lists two dispositions: 22,268 shares at $116.62 each (≈ $2,596,894) and 26,232 shares at $117.69 each (≈ $3,087,244), for a combined proceeds of about $5,684,138. These are outright sales (S) and typically represent routine portfolio/institutional selling rather than an executive insider purchase.

Key Details

• Transaction dates: June 11, 2026 (both sales). Filing date: June 15, 2026 (timely within SEC Form 4 rules).
• Reported prices and totals: 22,268 @ $116.62 = $2,596,894; 26,232 @ $117.69 = $3,087,244; combined ≈ $5.68M.
• Weighted-price ranges noted in footnotes: one sale group reported weighted-average range $116.31–$117.31 (F1); the other $117.32–$118.17 (F3). The filer can provide per-price breakdown on request.
• Shares owned after the transaction: not included in the provided excerpt of the filing.
• Beneficial-ownership note (F2): the reported securities are held directly by J&A Alliance Holdings as trustee of the J&A Alliance Trust. Japan Post may be deemed to beneficially own the shares due to its role as the trust's sole settlor and beneficiary; other parties named disclaim beneficial ownership except for any pecuniary interest.

Context

• This filing reflects institutional selling by a 10% owner (Japan Post) via a trust structure, not an executive-level trade. Such sales can be driven by portfolio management and do not alone indicate company-specific sentiment.
• No options, gifts, or tax-withholding events are involved — these were straight disposals.