Japan Post Holdings Co., Ltd. 4
4 · AFLAC INC · Filed Jun 23, 2026
Research Summary
AI-generated summary of this filing
Aflac (AFL) 10% Owner Japan Post Sells 3,300 Shares
What Happened
Japan Post Holdings Co., Ltd. (reported as a 10% owner) sold a total of 3,300 shares of Aflac Inc. common stock in open-market/private-sale transactions on June 18, 2026. The filing breaks the sales into two reported lots: 600 shares at a weighted-average price of $116.06 (total ~$69,636) and 2,700 shares at a weighted-average price of $117.11 (total ~$316,197), for combined proceeds of about $385,833. These were sales (not purchases or option exercises) and therefore are not a direct bullish signal.
Key Details
- Transaction dates: 2026-06-18 (both sales). Filing date: 2026-06-23 (filed 5 days after the transactions). This appears later than the usual 2-business-day Form 4 deadline.
- Reported prices and ranges:
- 600 shares — weighted average $116.06; underlying price range reported $115.47–$116.46 (Footnote F1).
- 2,700 shares — weighted average $117.11; underlying price range reported $116.515–$117.25 (Footnote F3).
- Total shares sold: 3,300 for ~ $385,833.
- Shares owned after transaction: not specified in this filing.
- Holding structure / beneficial ownership (Footnote F2): the reported securities are held directly by J&A Alliance Holdings as trustee for the J&A Alliance Trust. Japan Post may be deemed to have beneficial ownership due to its role as sole settlor and beneficiary of the Trust; other parties named disclaim beneficial ownership except to the extent of pecuniary interest.
Context
This filing reflects institutional selling by a reported 10% owner via a trust vehicle rather than a corporate officer or director. Such sales can be routine portfolio management by large stakeholders and do not by themselves indicate management views about the company. The apparent late filing (filed 5 days after the trade date) is notable for compliance-minded investors.
Insider Transaction Report
- Sale
Common Stock
[F1][F2]2026-06-18$116.06/sh−600$69,636→ 50,929,035 total(indirect: See footnote) - Sale
Common Stock
[F3][F2]2026-06-18$117.11/sh−2,700$316,197→ 50,926,335 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 $115.47 to $116.46 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 $116.515 to $117.25 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.