Japan Post sells 12,700 Aflac shares at $116
AFLAC INC (AFL) had a Form 4 filed by major shareholder Japan Post Holdings Co., Ltd. reporting an indirect sale of 12,700 shares of common stock on August 31, 2026 at a weighted average price of $116.00 per share under a Rule 10b5-1 trading plan.
Rhea-AI Filing Summary
AFLAC INC (AFL) had a Form 4 filed by major shareholder Japan Post Holdings Co., Ltd. reporting an indirect sale of 12,700 shares of common stock on August 31, 2026 at a weighted average price of $116.00 per share under a Rule 10b5-1 trading plan. The sale was executed through J&A Alliance Holdings Corporation as trustee of the J&A Alliance Trust, and the reporting persons expressly disclaim beneficial ownership beyond their pecuniary interest. Following the transaction, 50,713,990 shares are reported as indirectly held.
Positive
- None.
Negative
- None.
Insights
Analyzing...
Insider Trade Summary 10b5-1
Net Seller: 12,700 shares
Net Sell
1 txn
Insider
Japan Post Holdings Co., Ltd.
Role
10% Owner
Sold
12,700 shs ($1.47M)
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Sale | Common Stock F1, F2 | 12,700 | $116.00 | $1.47M |
Holdings After Transaction:
Common Stock — 50,713,990 shares (Indirect, See footnote)
Footnotes (2)
- 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 $115.73 to $116.46 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.
Key Figures
Shares sold: 12,700 shares
Weighted average sale price: $116.00 per share
Sale price range: $115.73–$116.46 per share
+2 more
5 metrics
Shares sold
12,700 shares
Common stock sale on August 31, 2026 by entity associated with Japan Post
Weighted average sale price
$116.00 per share
Average price for 12,700 AFL common shares sold on August 31, 2026
Sale price range
$115.73–$116.46 per share
Range of prices for multiple transactions comprising the reported sale
Shares indirectly held after transaction
50,713,990 shares
Indirect holdings reported following the August 31, 2026 sale
Net shares sold in filing
12,700 shares
Net selling activity across all transactions reported in this Form 4
Key Terms
Rule 10b5-1 plan, weighted average price, beneficially own, pecuniary interest, +1 more
5 terms
Rule 10b5-1 plan regulatory
"The Form 4 indicates the transactions were made under a Rule 10b5-1 plan"
A Rule 10b5-1 plan is a prearranged, written schedule that lets corporate insiders buy or sell company stock at set times or amounts, even if they later learn material nonpublic information. Think of it like setting an automatic thermostat for trades: it creates a clear record that trades were planned in advance, reducing the risk of insider-trading accusations and helping investors trust that insider transactions are routine rather than based on secret information.
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 regulatory
"each may be deemed to beneficially own the securities held by J&A Holdings"
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.
pecuniary interest financial
"expressly disclaim beneficial ownership of the reported securities except to the extent of its pecuniary interest"
trustee regulatory
"held directly by J&A Alliance Holdings Corporation in its capacity as the trustee of the Trust"
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.
FAQ
What insider transaction did Japan Post report for AFL (AFLAC INC)?
Japan Post Holdings Co., Ltd. reported selling 12,700 shares of AFLAC INC common stock on August 31, 2026, at a weighted average price of $116.00 per share, through an indirect holding structure involving the J&A Alliance Trust.
Was the AFL insider sale made under a Rule 10b5-1 trading plan?
Yes. The Form 4 indicates that the reported transactions were made under a Rule 10b5-1 trading plan, meaning the trades followed a pre-arranged trading program rather than discretionary timing.
Is this AFL Form 4 transaction a direct or indirect holding for Japan Post?
The transaction involves indirect ownership. The reported securities are held by J&A Alliance Holdings Corporation as trustee of the J&A Alliance Trust, and Japan Post’s interest is through its role as sole settlor and beneficiary of that trust structure.
AI-generated analysis. How Rhea-AI works. Not financial advice.
