Aflac (AFL) — Japan Post Holdings (10% Owner) Sells $1.76M Shares

What Happened

• Japan Post Holdings Co., Ltd. (reported as a 10% owner) sold a total of 15,000 shares of Aflac Inc. common stock on September 4, 2026. The filing shows two reported disposals: 14,850 shares at $117.46 ($1,744,281) and 150 shares at $118.17 ($17,726), for combined proceeds of $1,762,007.
• The transactions are reported as sales (code S) and described as "Open market or private sale." Sales are routine dispositions and do not by themselves indicate company insiders’ view of the business.

Key Details

• Transaction dates and prices:
  • 2026-09-04 — 14,850 shares @ $117.46 (total $1,744,281). Footnote F1 notes the weighted‑average price for these shares came from multiple trades priced between $117.07 and $118.01.
  • 2026-09-04 — 150 shares @ $118.17 (total $17,726). Footnote F3 notes a weighted‑average price range for related trades of $118.08 to $118.32.
• Total proceeds reported: $1,762,007 (~$1.76M).
• Ownership after transaction: Not provided in the transaction details supplied here (the Form 4 section for "Amount Owned Following Reported Transaction" was not included).
• Holding structure / footnote: Footnote F2 states the reported securities are held directly by J&A Alliance Holdings Corporation as trustee for the J&A Alliance Trust. Japan Post is identified as sole settlor and beneficiary of the Trust; General Incorporated Association J&A Alliance and two individuals are noted as related parties. Each party expressly disclaims beneficial ownership except for any pecuniary interest.
• Filing timeliness: Transaction date Sep 4, 2026; Form 4 filed Sep 9, 2026. This appears to be within the two business‑day filing requirement (weekend and U.S. Labor Day fall between those dates), so the filing is not late.

Context

• This is an institutional/strategic holder (reported 10% owner) selling shares through a trust structure, not an individual executive or director trade. Institutional sales can reflect portfolio rebalancing or other non‑company‑specific reasons.
• Footnotes indicate the per‑share prices are weighted averages across multiple trades; the filer offered to provide the breakdown to the company or SEC on request.