AFLAC (AFL) 10% Owner Japan Post Sells 20,000 Shares

What Happened Japan Post Holdings Co., Ltd. (a reported 10% owner) sold 20,000 shares of AFLAC Inc. common stock in an open-market transaction on 2026-09-03. The reported weighted average price was $118.49 per share, for a total proceeds of approximately $2,369,800. The filing indicates the shares are held directly by J&A Alliance Holdings Corporation as trustee of the J&A Alliance Trust.

Key Details

• Transaction date: 2026-09-03 (reported on Form 4 filed 2026-09-08).
• Sale: 20,000 shares at a weighted average price of $118.49; price range reported $118.23–$119.00 (filing says it represents a weighted average across multiple executions).
• Reported proceeds: ~$2,369,800.
• Shares owned after transaction: Not specified in the provided filing excerpt.
• Footnote on ownership: Securities are held by J&A Alliance Holdings (trustee). Japan Post may be deemed to beneficially own the trust shares as sole settlor and beneficiary; several parties disclaim beneficial ownership except to the extent of pecuniary interest.
• Filing timing: Transaction dated Sep 3 and filed Sep 8 — this is later than the typical two-business-day Form 4 deadline and may be considered untimely.

Context This was an institutional sale by a trust associated with Japan Post (a 10% owner), not an executive or director trade. Sales by large shareholders or trustees can reflect portfolio rebalancing or other institutional needs and do not necessarily signal management sentiment about the company. The filing’s footnotes explain the price range and the chain of ownership/control for the reported shares.