Japan Post unit sells 12,700 Aflac shares near $118
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Form Type
4
Rhea-AI Filing Summary
AFLAC INC (AFL) reported that an entity associated with major shareholder Japan Post Holdings Co., Ltd. sold a total of 12,700 shares of AFLAC common stock on August 19, 2026 in multiple open-market transactions at weighted-average prices ranging from about $116 to $120 per share. The shares are held indirectly through J&A Alliance Holdings Corporation as trustee of the J&A Alliance Trust, with Japan Post and related parties disclaiming beneficial ownership beyond their pecuniary interests. The sales were effected pursuant to a Rule 10b5-1 trading plan.
Insider Trade Summary 10b5-1
Net Seller: 12,700 shares
Net Sell
5 txns
Insider
Japan Post Holdings Co., Ltd.
Role
10% Owner
Sold
12,700 shs ($1.49M)
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Sale | Common Stock F1, F2 | 9,353 | $116.62 | $1.09M |
| Sale | Common Stock F3, F2 | 1,529 | $117.29 | $179K |
| Sale | Common Stock F4, F2 | 980 | $118.59 | $116K |
| Sale | Common Stock F5, F2 | 798 | $119.60 | $95K |
| Sale | Common Stock F2 | 40 | $120.14 | $5K |
Holdings After Transaction:
Common Stock — 50,817,790 shares (Indirect, See footnote)
Footnotes (5)
- 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 $116.01 to $117.00 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 $117.02 to $117.90 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.
- F4. The price reported represents the weighted average price of shares of Common Stock of the Issuer sold in multiple transactions at prices ranging from $118.03 to $118.995 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
- F5. The price reported represents the weighted average price of shares of Common Stock of the Issuer sold in multiple transactions at prices ranging from $119.06 to $119.99 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: 12,700 shares
Shares sold at $116.62: 9,353 shares
Shares sold at $117.29: 1,529 shares
+3 more
6 metrics
Total shares sold
12,700 shares
Aggregate net shares sold across five transactions on August 19, 2026
Shares sold at $116.62
9,353 shares
Open-market sale of common stock at a weighted-average price of $116.62 per share
Shares sold at $117.29
1,529 shares
Open-market sale of common stock at a weighted-average price of $117.29 per share
Shares sold at $118.59
980 shares
Open-market sale of common stock at a weighted-average price of $118.59 per share
Shares sold at $119.60
798 shares
Open-market sale of common stock at a weighted-average price of $119.60 per share
Shares sold at $120.14
40 shares
Open-market sale of common stock at a weighted-average price of $120.14 per share
Key Terms
weighted average price, beneficially own, trustee, pecuniary interest
4 terms
weighted average price financial
"The price reported represents the weighted average price of shares of Common Stock..."
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 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.
trustee financial
"held directly by J&A Alliance Holdings Corporation ("J&A Holdings"), 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.
What insider activity did AFLAC INC (AFL) report in this Form 4?
AFLAC INC reported that an entity associated with Japan Post Holdings Co., Ltd. sold 12,700 shares of AFLAC common stock on August 19, 2026 in a series of open-market transactions at weighted-average prices between roughly $116 and $120 per share.
Were the AFLAC (AFL) insider sales made under a Rule 10b5-1 trading plan?
Yes. The Form 4 indicates that the reported transactions were effected under a Rule 10b5-1 trading plan, meaning the sales were made pursuant to a pre-arranged trading instruction rather than discretionary timing decisions.
Does the Form 4 state AFL (AFLAC INC) holdings after these sales?
No resulting share balance is reported for these transactions; the total_shares_following_transaction fields are not filled, so only the 12,700 shares sold and their price ranges are disclosed here.
AI-generated analysis. How Rhea-AI works. Not financial advice.
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