Japan Post Holdings (AFL) reports 12,800-share AFLAC sale via trust structure
Rhea-AI Filing Summary
Japan Post Holdings Co., Ltd., a more-than-10% indirect owner of AFLAC INC, reported open-market sales of 12,800 shares of common stock on 2026-08-12 pursuant to a Rule 10b5-1 trading plan. The shares were sold indirectly through J&A Alliance Holdings Corporation as trustee of the J&A Alliance Trust at weighted average prices within disclosed price ranges, and multiple related entities expressly disclaim beneficial ownership except to the extent of their pecuniary interest.
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Insights
Analyzing...
Insider Trade Summary 10b5-1
Net Seller: 12,800 shares
Net Sell
2 txns
Insider
Japan Post Holdings Co., Ltd.
Role
10% Owner
Sold
12,800 shs ($1.55M)
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Sale | Common Stock F1, F2 | 12,240 | $120.76 | $1.48M |
| Sale | Common Stock F3, F2 | 560 | $121.29 | $68K |
Holdings After Transaction:
Common Stock — 50,885,690 shares (Indirect, See footnote)
Footnotes (3)
- 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 $120.19 to $121.19 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 $121.21 to $121.45 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 (total): 12,800 shares
First block sold: 12,240 shares at $120.76 per share
Second block sold: 560 shares at $121.29 per share
+1 more
4 metrics
Shares sold (total)
12,800 shares
Aggregate common shares sold on 2026-08-12
First block sold
12,240 shares at $120.76 per share
Weighted average price; actual trades ranged from $120.19 to $121.19
Second block sold
560 shares at $121.29 per share
Weighted average price; actual trades ranged from $121.21 to $121.45
Net share direction
-12,800 shares
Net selling reported across two non-derivative transactions
Key Terms
weighted average price, beneficially own, pecuniary interest, trustee, +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"
trustee financial
"held directly by J&A Alliance Holdings Corporation in its capacity as the trustee of the J&A Alliance 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.
settlor and beneficiary financial
"Japan Post may be deemed to beneficially own... due to its role as the sole settlor and beneficiary of the Trust"
FAQ
What insider transaction did Japan Post report in AFL (AFLAC INC)?
Japan Post Holdings Co., Ltd. reported selling 12,800 shares of AFLAC INC common stock on 2026-08-12 in open-market transactions, all held indirectly through a trust structure managed by J&A Alliance Holdings Corporation.
AI-generated analysis. How Rhea-AI works. Not financial advice.
