Aflac Form 144: Joseph L. Moskowitz plans $103k share sale

Rhea-AI Filing Summary

Aflac Inc. (AFL) Form 144 filing: insider Joseph L. Moskowitz has notified intent to sell 1,000 common shares through Fidelity Brokerage Services on or about 08 Aug 2025. At the recent market price of $102.57, the proposed sale is valued at ≈$103 k. The shares originated from restricted-stock vesting on 01 May 2024 and represent only 0.0002 % of Aflac’s ≈534.8 m shares outstanding.

The seller previously disposed of an identical 1,000-share block on 08 May 2025 for proceeds of $106.8 k. No material adverse information was acknowledged, and the filer affirms compliance with Rule 144 and, if applicable, Rule 10b5-1.

Materiality: Transaction size is immaterial relative to market cap; therefore, limited impact on valuation or liquidity is expected.

Positive

• None.

Negative

• Insider intends to sell 1,000 shares (~$103 k), which some investors may view as a modest negative sentiment signal.

Insights

Equity Analyst

TL;DR: Minor insider sale; negligible dilution risk—signal value limited.

Form 144 shows insider intent to sell 1,000 AFL shares (~$103 k). With 535 m shares outstanding, the sale is statistically insignificant and creates no dilution because shares are already issued. Insider previously sold an equal block in May, suggesting routine diversification rather than a directional signal. Unless aggregated insider selling accelerates, I view the filing as non-impactful to earnings outlook or valuation multiples.

Form 144 Filer Information	UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 Form 144 NOTICE OF PROPOSED SALE OF SECURITIES PURSUANT TO RULE 144 UNDER THE SECURITIES ACT OF 1933
FORM 144

144: Filer Information

Filer CIK
Filer CCC
Is this a LIVE or TEST Filing?	LIVE TEST
Submission Contact Information
Name
Phone
E-Mail Address

144: Issuer Information

Name of Issuer

SEC File Number

Address of Issuer

Phone

Name of Person for Whose Account the Securities are To Be Sold

See the definition of "person" in paragraph (a) of Rule 144. Information is to be given not only as to the person for whose account the securities are to be sold but also as to all other persons included in that definition. In addition, information shall be given as to sales by all persons whose sales are required by paragraph (e) of Rule 144 to be aggregated with sales for the account of the person filing this notice.

Relationship to Issuer

144: Securities Information

Title of the Class of Securities To Be Sold	Name and Address of the Broker	Number of Shares or Other Units To Be Sold	Aggregate Market Value	Number of Shares or Other Units Outstanding	Approximate Date of Sale	Name the Securities Exchange
Common	Fidelity Brokerage Services LLC 900 Salem Street Smithfield RI 02917	1000	102570.00	534831490	08/08/2025	NYSE

Furnish the following information with respect to the acquisition of the securities to be sold and with respect to the payment of all or any part of the purchase price or other consideration therefor:

144: Securities To Be Sold

Title of the Class	Date you Acquired	Nature of Acquisition Transaction	Name of Person from Whom Acquired	Is this a Gift?	Date Donor Acquired	Amount of Securities Acquired	Date of Payment	Nature of Payment *
Common	05/01/2024	Restricted Stock Vesting	Issuer			1000	05/01/2024	Compensation

* If the securities were purchased and full payment therefor was not made in cash at the time of purchase, explain in the table or in a note thereto the nature of the consideration given. If the consideration consisted of any note or other obligation, or if payment was made in installments describe the arrangement and state when the note or other obligation was discharged in full or the last installment paid.

Furnish the following information as to all securities of the issuer sold during the past 3 months by the person for whose account the securities are to be sold.

144: Securities Sold During The Past 3 Months

Name and Address of Seller	Title of Securities Sold	Date of Sale	Amount of Securities Sold	Gross Proceeds
Joseph L. Moskowitz 1932 Wynnton Road Columbus GA 31999	Common	05/08/2025	1000	106790.00

144: Remarks and Signature

Remarks

Date of Notice

Date of Plan Adoption or Giving of Instruction, If Relying on Rule 10b5-1

ATTENTION:

The person for whose account the securities to which this notice relates are to be sold hereby represents by signing this notice that he does not know any material adverse information in regard to the current and prospective operations of the Issuer of the securities to be sold which has not been publicly disclosed. If such person has adopted a written trading plan or given trading instructions to satisfy Rule 10b5-1 under the Exchange Act, by signing the form and indicating the date that the plan was adopted or the instruction given, that person makes such representation as of the plan adoption or instruction date.

Signature

ATTENTION: Intentional misstatements or omission of facts constitute Federal Criminal Violations (See 18 U.S.C. 1001)

FAQ

How many Aflac (AFL) shares are being sold under this Form 144?

1,000 common shares are planned for sale.

What is the estimated value of the proposed AFL share sale?

At $102.57 per share, the sale is valued at about $102,570.

When is the approximate sale date for the AFL shares?

The filing lists an approximate sale date of 08 Aug 2025.

What percentage of Aflac’s shares outstanding does this sale represent?

Roughly 0.0002 % of the ~534.8 million shares outstanding.

Did the insider sell AFL shares recently?

Yes, 1,000 shares were sold on 08 May 2025 for $106,790.