Insider Sale: Joseph L. Moskowitz Disposes 1,000 AFL Shares

Rhea-AI Filing Summary

Joseph L. Moskowitz, identified as a Director of Aflac Inc., reported the sale of 1,000 shares of Aflac common stock on 08/08/2025 at a price of $102.57 per share. After the reported transaction the filing shows he beneficially owned 25,105 shares. The Form 4 indicates it was filed by one reporting person and bears a signature date of 08/12/2025.

The filing states the sales were effected pursuant to a Rule 10b5-1 trading plan adopted by the reporting person on December 4, 2024. No derivative transactions are reported in the document, and the form includes the reporting person's address and role. The disclosure is limited to the transactions described and the plan referenced.

Positive

• Sale executed under a Rule 10b5-1 trading plan (adopted December 4, 2024), indicating the trades were pre-arranged under an approved plan.
• Form 4 filed and signed (signature dated 08/12/2025) documenting the transaction and meeting disclosure requirements.

Negative

• None.

Insights

Securities Analyst

TL;DR: Director sold 1,000 AFL shares under a pre-arranged 10b5-1 plan; the transaction is documented and appears routine.

The Form 4 reports a single non-derivative sale of 1,000 Aflac shares on 08/08/2025 at $102.57 per share, leaving 25,105 shares beneficially owned. The sale was executed under a Rule 10b5-1 plan adopted on December 4, 2024, which indicates the trades were pre-authorized rather than opportunistic. No options, warrants, or other derivative positions are listed, limiting complexity. Based solely on the filing, the disclosure is routine and provides required transparency to investors.

Corporate Governance Expert

TL;DR: Filing shows adherence to insider-trading protocols with a disclosed 10b5-1 plan and timely Form 4 reporting.

The report identifies Joseph L. Moskowitz as a director and documents the sale as effected pursuant to a Rule 10b5-1 plan dated December 4, 2024. The Form 4 was signed on 08/12/2025, following the 08/08/2025 transaction. These elements reflect compliance with disclosure requirements and the use of an approved trading plan. The filing contains no indications of amendments, derivative transactions, or other governance concerns within the provided text.

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).

X

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^*

MOSKOWITZ JOSEPH L

(Last) (First) (Middle)

C/O AFLAC INCORPORATED

1932 WYNNTON ROAD

(Street)

COLUMBUS GA 31999

(City) (State) (Zip)

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

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

X	Director		10% Owner
	Officer (give title below)		Other (specify below)

3. Date of Earliest Transaction (Month/Day/Year)
08/08/2025

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

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

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

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	08/08/2025		S		1,000(1)	D	$102.57	25,105	D

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 sales reported in this Form 4 were effected pursuant to a Rule 10b5-1 trading plan adopted by the reporting person dated as of December 4, 2024.

Remarks:

	By: Brooke R. Phillips For: Joseph L. Moskowitz	08/12/2025
	** 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.

FAQ

What did Joseph L. Moskowitz report on the Form 4 for AFL?

He reported a sale of 1,000 Aflac common shares on 08/08/2025 at $102.57 per share.

Was the sale by the Aflac director part of a trading plan?

Yes. The filing states the sales were effected pursuant to a Rule 10b5-1 trading plan adopted on December 4, 2024.

How many Aflac shares did Moskowitz own after the reported transaction?

The Form 4 shows he beneficially owned 25,105 shares following the transaction.

When was the Form 4 signed and filed?

The Form 4 bears a signature date of 08/12/2025 and reports the transaction dated 08/08/2025.

Did the Form 4 disclose any derivative transactions for AFL?

No. Table II for derivative securities contains no reported transactions in the provided filing.