Japan Post Holdings Co., Ltd. 4
4 · AFLAC INC · Filed Jun 22, 2026
Research Summary
AI-generated summary of this filing
AFLAC (AFL) 10% Owner Japan Post Holdings Sells 26,300 Shares
What Happened Japan Post Holdings Co., Ltd. (reported as a 10% owner) sold a total of 26,300 shares of AFLAC Inc. (AFL) in open-market transactions on June 17, 2026. The filing shows two sale lines: 25,382 shares at $116.59 totaling $2,959,287, and 918 shares at $117.34 totaling $107,718 — combined proceeds about $3,067,005. These were outright sales (S), which are often routine portfolio or rebalancing actions rather than an affirmative bullish signal.
Key Details
- Transaction date: June 17, 2026 (reported on Form 4 filed June 22, 2026).
- Sales: 25,382 shares @ $116.59 (reported total $2,959,287); 918 shares @ $117.34 (reported total $107,718). Combined = 26,300 shares, ≈ $3.07M.
- Footnotes on pricing: the reported per-share amounts reflect weighted averages over multiple trades (ranges reported of $116.195–$117.195 and $117.22–$117.51). The reporting party can provide the breakdown on request.
- Ownership structure: the shares are held directly by J&A Alliance Holdings (trustee of the J&A Alliance Trust). Japan Post may be deemed to beneficially own these shares due to its role as sole settlor and beneficiary; several entities/individuals are named in the footnote with disclaimers of beneficial ownership except to the extent of pecuniary interest.
- Shares owned after transaction: not specified in the provided excerpt of the filing.
- Filing timeliness: Form 4 was filed five days after the trades (filed June 22 for June 17 trades). Form 4s are generally due within two business days, so this filing appears late.
Context
- This transaction was by a large institutional/related-party owner (a 10% owner/trust arrangement), not an AFLAC executive. Institutional sales can reflect portfolio management and do not necessarily signal management views of the company.
- No options, gifts, or awards were involved — these were open-market sales (code S).
Insider Transaction Report
Form 4
AFLAC INCAFL
Japan Post Holdings Co., Ltd.
10% Owner
Transactions
- Sale
Common Stock
[F1][F2]2026-06-17$116.59/sh−25,382$2,959,287→ 50,930,553 total(indirect: See footnote) - Sale
Common Stock
[F3][F2]2026-06-17$117.34/sh−918$107,718→ 50,929,635 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 $116.195 to $117.195 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 $117.22 to $117.51 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/ Yuki Takemura, Senior General Manager, as attorney-in-fact for Nobuyasu Kato|2026-06-22