AFLAC (AFL) 10% Owner Japan Post Sells 13,300 Shares

What Happened Japan Post Holdings Co., Ltd. (reported as a 10% owner) sold a total of 13,300 shares of Aflac Inc. (AFL) in open-market transactions on September 10, 2026. The sales consisted of 11,765 shares at a reported weighted-average price of $114.21 (proceeds $1,343,681) and 1,535 shares at a weighted-average price of $115.16 (proceeds $176,771), for combined proceeds of approximately $1,520,452. These were outright sales (transaction code S), not purchases or option exercises.

Key Details

• Transaction date: September 10, 2026 (reported on Form 4 filed September 14, 2026).
• Reported trades: 11,765 shares @ $114.21 ($1,343,681) and 1,535 shares @ $115.16 ($176,771); total 13,300 shares, ~$1.52M.
• Price ranges noted in footnotes: first block priced across $113.64–$114.47 (F1); second block across $114.70–$115.64 (F3). The filer can supply per-price breakdown to the issuer or SEC on request.
• Holdings after the sale: Not specified in the excerpt provided (see the full Form 4 for post-transaction beneficial ownership).
• Reporting structure: Shares reported as held directly by J&A Alliance Holdings as trustee of the J&A Alliance Trust; Japan Post may be deemed a beneficial owner due to its role as sole settlor and beneficiary (see F2). Each party disclaims beneficial ownership except to the extent of pecuniary interest.
• Timeliness: Form 4 was filed 4 days after the transaction (filed Sept 14 for trades on Sept 10). The normal Form 4 deadline is within two business days, so this filing appears later than the standard window.

Context This sale was executed by a large institutional/10% owner (not an Aflac executive). Such institutional sales often reflect portfolio rebalancing or liquidity needs and are generally less informative about the issuer’s near-term prospects than insider purchases. No options were exercised and no awards, gifts, or tax-withholding events are reported in the provided filing excerpt. For full disclosure details (exact post-sale holdings and per-price breakdown), consult the complete Form 4 (Accession: 0001104659-26-107303).