Aflac (AFL) executive Lake sells 5,000 shares, keeps over 58K

Rhea-AI Filing Summary

Aflac Inc. executive Charles D. Lake II, Chairman & Representative Director of ALIJ, reported an open-market sale of 5,000 shares of Aflac common stock at a weighted average price of $107.273 per share on March 25, 2026.

After this sale, he directly holds 57,237 shares of common stock and has an additional 1,327 shares held indirectly through a 401(k) plan. The sale was executed in multiple trades within a price range of $107.26 to $107.31 per share.

Insights

Insider trading analyst

Executive makes modest open-market sale while keeping sizable stake.

Charles D. Lake II sold 5,000 Aflac shares in an open-market transaction at a weighted average price of $107.273 on March 25, 2026. The trades were executed across a narrow range of $107.26 to $107.31, suggesting orderly selling.

Following the sale, he still directly owns 57,237 shares and indirectly holds 1,327 shares via a 401(k) plan. Given the remaining position, this looks like a routine liquidity move rather than a transformational change in insider ownership. No derivative exercises or complex structures are involved in this filing.

Insider Trade Summary

Net Seller: 5,000 shares

Net Sell 2 txns

Insider LAKE CHARLES D II

Role Chairman & Rep. Director, ALIJ

Sold 5,000 shs ($536K)

Type	Security	Shares	Price	Value
Sale	Common Stock	5,000	$107.273	$536K
holding	Common Stock	--	--	--

Holdings After Transaction: Common Stock — 57,237 shares (Direct); Common Stock — 1,327 shares (Indirect, 401(K) Plan)

Footnotes (1)

1. F1. The price is the weighted average sale price of the aggregate number of shares that were sold. These shares were sold in multiple transactions at prices ranging from $107.26 to $107.31. The reporting person undertakes to provide to the issuer, any security holder of the issuer, or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price.

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Form 4 Insider Transactions: What Each Field Means →

Accepted by SEC EDGAR 03/27/2026 - 09:26 AM Learn about SEC filing dates

FAQ

What insider transaction did Aflac (AFL) report for Charles D. Lake II?

Aflac reported that Charles D. Lake II executed an open-market sale of 5,000 shares of Aflac common stock on March 25, 2026, at a weighted average price of $107.273 per share, with trades occurring between $107.26 and $107.31.

At what price did Charles D. Lake II sell Aflac (AFL) shares?

He sold 5,000 Aflac shares at a weighted average price of $107.273 per share. The Form 4 notes the sales occurred in multiple transactions within a narrow range from $107.26 to $107.31 per share on March 25, 2026.

How many Aflac (AFL) shares does Charles D. Lake II own after this Form 4 sale?

After the reported sale, he directly owns 57,237 shares of Aflac common stock. He also has an additional 1,327 shares held indirectly through a 401(k) plan, according to the ownership details included in the Form 4 filing.

Was the Aflac (AFL) insider transaction a buy or a sell?

The transaction was a sell. Charles D. Lake II conducted an open-market sale of 5,000 Aflac common shares, as indicated by transaction code "S" and the description "Sale in open market or private transaction" in the Form 4 data.

Does the Aflac (AFL) Form 4 show any option exercises or derivative activity?

No, the Form 4 shows only a non-derivative common stock sale and an updated 401(k) holding entry. The derivative section is empty, and the transaction summary lists zero derivative exercises or other derivative-related transactions.

SEC Form 4

FORM 4

UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934
or Section 30(h) of the Investment Company Act of 1940

OMB APPROVAL

OMB Number:			3235-0287
Estimated average burden
hours per response:			0.5

Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).

Check this box to indicate that a transaction was made pursuant to a contract, instruction or written plan for the purchase or sale of equity securities of the issuer that is intended to satisfy the affirmative defense conditions of Rule 10b5-1(c). See Instruction 10.

1. Name and Address of Reporting Person^*

LAKE CHARLES D II

(Last) (First) (Middle)

C/O AFLAC INCORPORATED

1932 WYNNTON ROAD

(Street)

COLUMBUS GEORGIA 31999

(City) (State) (Zip)

UNITED STATES

(Country)

2. Issuer Name and Ticker or Trading Symbol
AFLAC INC [ AFL ]

5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)

	Director		10% Owner
X	Officer (give title below)		Other (specify below)
	Chairman & Rep. Director, ALIJ

2a. Foreign Trading Symbol

3. Date of Earliest Transaction (Month/Day/Year)
03/25/2026

6. Individual or Joint/Group Filing (Check Applicable Line)

X	Form filed by One Reporting Person
	Form filed by More than One Reporting Person

4. If Amendment, Date of Original Filed (Month/Day/Year)

Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1. Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	3. Transaction Code (Instr. 8)		4. Securities Acquired (A) or Disposed Of (D) (Instr. 3, 4 and 5)			5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4)	6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)
			Code	V	Amount	(A) or (D)	Price
Common Stock	03/25/2026		S		5,000	D	$107.273(1)	57,237	D
Common Stock								1,327	I	401(K) Plan

Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 3)	2. Conversion or Exercise Price of Derivative Security	3. Transaction Date (Month/Day/Year)	3A. Deemed Execution Date, if any (Month/Day/Year)	4. Transaction Code (Instr. 8)		5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5)		6. Date Exercisable and Expiration Date (Month/Day/Year)		7. Title and Amount of Securities Underlying Derivative Security (Instr. 3 and 4)		8. Price of Derivative Security (Instr. 5)	9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4)	10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)
				Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares

Explanation of Responses:

1. The price is the weighted average sale price of the aggregate number of shares that were sold. These shares were sold in multiple transactions at prices ranging from $107.26 to $107.31. The reporting person undertakes to provide to the issuer, any security holder of the issuer, or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price.

Remarks:

	By: Brooke R. Phillips For: Charles Ditmars Lake II	03/27/2026
	** Signature of Reporting Person	Date
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* If the form is filed by more than one reporting person, see Instruction 4 (b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB Number.
* Form 4: SEC 1474 (03-26)