AFLAC (AFL) 10% Owner Japan Post Sells 13,500 Shares

What Happened
Japan Post Holdings Co., Ltd. — reported as a 10% owner of Aflac Inc. (AFL) — sold 13,500 shares of Aflac common stock in open‑market transactions on September 2, 2026. The weighted average price was $117.19 per share, for total proceeds of approximately $1,582,065. This transaction is a sale (routine disposition), not a purchase.

Key Details

• Transaction date and price: 9/2/2026; weighted average $117.19; individual trade prices ranged $116.67–$117.50 (filing says breakdown by price is available on request).
• Shares disposed: 13,500 shares; proceeds ≈ $1,582,065.
• Shares owned after transaction: Not specified in the Form 4 filing.
• Holder structure (footnote): The shares are held directly by J&A Alliance Holdings Corp. as trustee of the J&A Alliance Trust. General Incorporated Association J&A Alliance and two individuals (Kenji Sano and Tetsuya Numaguchi) may be deemed to beneficially own the trust holdings; Japan Post may be deemed to beneficially own them as sole settlor and beneficiary. Each party disclaims beneficial ownership except to the extent of any pecuniary interest.
• Filing timeliness: Form 4 was filed on Sept 4, 2026 (two business days after the transaction), i.e., filed within the usual Form 4 window.

Context
This filing reports institutional selling by a 10% owner (via a trust structure), which is different from an insider executive or director trade. Sales by large holders can be routine portfolio management and do not necessarily indicate a change in company outlook. The filing’s footnotes clarify the trustee/beneficiary relationships and provide the trade price range; no options, awards, gifts, or tax‑withholding events are reported.