Japan Post-linked entity sells 31,600 AFLAC shares
Japan Post Holdings Co., Ltd., as a 10% owner of AFLAC INC, reported indirect open-market sales of AFLAC common stock.
Sentiment and the balance of points
Rhea-AI Sentiment reads the wording of the document, how positive or negative its language is on a 1 to 5 scale. The balance of points shown with the takes weighs what the document actually discloses, so the two can disagree, for example when a trial that missed its main goal is described in upbeat language.
Form Type
4
Rhea-AI Filing Summary
Japan Post Holdings Co., Ltd., as a 10% owner of AFLAC INC, reported indirect open-market sales of AFLAC common stock. On May 20, 2026, 31,600 shares were sold in two transactions at weighted average prices of $117.54 and $118.28 per share. The shares are held by J&A Alliance Holdings Corporation as trustee of the J&A Alliance Trust, with Japan Post and related parties stating they may be deemed beneficial owners but expressly disclaiming beneficial ownership beyond their pecuniary interest. After the sales, the filing shows indirect holdings of more than 51 million shares, so the disposals represent a small fraction of the reported position.
Insider Trade Summary 10b5-1
Net Seller: 31,600 shares
Net Sell
2 txns
Insider
Japan Post Holdings Co., Ltd.
Role
10% Owner
Sold
31,600 shs ($3.72M)
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Sale | Common Stock | 26,485 | $117.54 | $3.11M |
| Sale | Common Stock | 5,115 | $118.28 | $605K |
Holdings After Transaction:
Common Stock — 51,393,045 shares (Indirect, See footnote)
Footnotes (3)
- F1. The price reported represents the weighted average price of shares of Common Stock of Aflac Inc. (the "Issuer") sold in multiple transactions at prices ranging from $117.15 to $118.15 per share. The reporting person will provide to the Issuer, or the Securities and Exchange Commission staff, upon request, information regarding the number of shares sold at each price within the range.
- F2. The reported securities are held directly by J&A Alliance Holdings Corporation ("J&A Holdings"), in its capacity as the trustee of the J&A Alliance Trust (the "Trust"). General Incorporated Association J&A Alliance ("General Incorporated"), Kenji Sano and Tetsuya Numaguchi each may be deemed to beneficially own the securities held by J&A Holdings (in its capacity as trustee of the Trust) because (i) General Incorporated owns J&A Holdings and (ii) Kenji Sano and Tetsuya Numaguchi each own 50% of the equity interests in General Incorporated. Japan Post Holdings Co., Ltd. ("Japan Post") may be deemed to beneficially own the shares of common stock owned directly by J&A Holdings, in its capacity as the trustee of the Trust, due to its role as the sole settlor and beneficiary of the Trust. Each of General Incorporated, Kenji Sano, Tetsuya Numaguchi and Japan Post expressly disclaim beneficial ownership of the reported securities except to the extent of its pecuniary interest therein.
- F3. The price reported represents the weighted average price of shares of Common Stock of the Issuer sold in multiple transactions at prices ranging from $118.16 to $118.615 per share. The reporting person will provide to the Issuer, or the Securities and Exchange Commission staff, upon request, information regarding the number of shares sold at each price within the range.
Key Figures
Total shares sold: 31,600 shares
First trade size: 5,115 shares
Second trade size: 26,485 shares
+5 more
8 metrics
Total shares sold
31,600 shares
Aggregate open-market sales on May 20, 2026
First trade size
5,115 shares
Open-market sale at weighted average $118.28
Second trade size
26,485 shares
Open-market sale at weighted average $117.54
Weighted average price (first sale)
$118.28 per share
Common stock sale on May 20, 2026
Weighted average price (second sale)
$117.54 per share
Common stock sale on May 20, 2026
Indirect holdings after one reported sale
51,393,045 shares
Total common shares shown following a transaction
Indirect holdings after another reported sale
51,398,160 shares
Total common shares shown following a transaction
Net share change
-31,600 shares
Net-sell direction in transaction summary
Key Terms
open-market sale, weighted average price, beneficially own, trustee, +1 more
5 terms
open-market sale financial
"transaction_action: open-market sale"
An open-market sale is when a shareholder sells existing shares directly on a public exchange to any willing buyer, rather than through a private deal. Think of it like putting goods on a busy market stall where price is set by supply and demand; for investors it matters because such sales increase available supply, can put short-term downward pressure on the stock price, and signal changes in liquidity or investor confidence.
weighted average price financial
"The price reported represents the weighted average price of shares"
Weighted average price is the average price of a security where each trade or component is counted according to its size, so bigger trades pull the average more than smaller ones. Think of it like calculating the average cost of a grocery haul where items you bought more of have greater influence on the final per-item cost. Investors use it to understand the true average price paid or received, judge execution quality, and compare trading performance against market movement.
beneficially own financial
"each may be deemed to beneficially own the securities held"
Beneficially own means having the economic rights and risks of a security—such as the right to receive dividends, sell the shares, or profit from price changes—whether or not your name appears on the official share register. Think of it like renting a car: you use it and reap the benefits even if the title lists someone else. Investors care because beneficial ownership determines who truly controls value, must be disclosed under securities rules, and can signal potential influence or trading activity that affects a stock’s price.
trustee financial
"held directly by J&A Alliance Holdings Corporation in its capacity as the trustee"
A trustee is a person or institution legally appointed to hold and manage assets or enforce an agreement on behalf of other people (beneficiaries). Think of a trustee as a neutral referee or custodian who must act in the beneficiaries’ best interests, follow the trust or contract rules, and handle distributions, recordkeeping and enforcement. Investors care because a trustworthy trustee protects their rights, ensures promised payments or remedies are delivered, and can influence recoveries if things go wrong.
pecuniary interest financial
"expressly disclaim beneficial ownership of the reported securities except to the extent of its pecuniary interest"
FAQ
AI-generated questions and answers. How Rhea-AI works. Not financial advice.
Were the AFLAC (AFL) sales direct or indirect holdings for Japan Post?
The transactions involve indirect holdings, as indicated by the “I” ownership code and trust structure. J&A Alliance Holdings Corporation, acting as trustee of the J&A Alliance Trust, holds the shares, and Japan Post’s interest arises through its role as sole settlor and beneficiary of the trust.
AI-generated analysis. How Rhea-AI works. Not financial advice.
Accepted by SEC EDGAR
Learn about SEC filing dates