Japan Post unit trims AFLAC (NYSE: AFL) stake by 20,100 shares
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Japan Post Holdings Co., Ltd., through an affiliated trust structure, reported open-market sales of 20,100 shares of AFLAC Inc. common stock on April 2, 2026. The shares were sold in multiple transactions at weighted average prices ranging from $109.15 to $110.50 per share.
After these sales, entities associated with Japan Post Holdings indirectly held 51,934,800 AFLAC shares. The reported securities are held directly by J&A Alliance Holdings Corporation as trustee of the J&A Alliance Trust, with various parties, including Japan Post, potentially deemed beneficial owners subject to pecuniary-interest limitations and express ownership disclaimers.
Positive
- None.
Negative
- None.
Insider Trade Summary 10b5-1
Net Seller: 20,100 shares ($2,215,024)
Net Sell
2 txns
Insider
Japan Post Holdings Co., Ltd.
Role
10% Owner
Sold
20,100 shs ($2.22M)
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Sale | Common Stock | 6,466 | $109.80 | $710K |
| Sale | Common Stock | 13,634 | $110.39 | $1.51M |
Holdings After Transaction:
Common Stock — 51,948,434 shares (Indirect, See footnote)
Footnotes (1)
- 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 $109.15 to $110.15 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. 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. The price reported represents the weighted average price of shares of Common Stock of the Issuer sold in multiple transactions at prices ranging from $110.16 to $110.50 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
Shares sold: 20,100 shares
First trade block: 6,466 shares at $109.80/share
Second trade block: 13,634 shares at $110.39/share
+3 more
6 metrics
Shares sold
20,100 shares
Open-market sales of AFLAC common stock on April 2, 2026
First trade block
6,466 shares at $109.80/share
Open-market sale of AFLAC common stock
Second trade block
13,634 shares at $110.39/share
Open-market sale of AFLAC common stock
Post-transaction holdings
51,934,800 shares
Indirectly held after April 2, 2026 sales
Price range (block 1)
$109.15–$110.15/share
Weighted average price range for first set of trades
Price range (block 2)
$110.16–$110.50/share
Weighted average price range for second set of trades
Key Terms
weighted average price, beneficially own, pecuniary interest, ten percent owner, +1 more
5 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.
pecuniary interest financial
"expressly disclaim beneficial ownership of the reported securities except to the extent of its pecuniary interest therein"
ten percent owner financial
"Japan Post Holdings Co., Ltd. is listed as a ten percent owner of AFLAC INC"
open-market sale financial
"transaction_action is described as an open-market sale of Common Stock"
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.
FAQ
What insider transaction did Japan Post Holdings report in AFLAC (AFL)?
Japan Post Holdings reported affiliated entities sold 20,100 AFLAC common shares on April 2, 2026. The open-market sales occurred in multiple trades, with prices between $109.15 and $110.50 per share, and were reported on a Form 4 filing.