Japan Post-linked trust sells 19,600 AFLAC shares
AFLAC INC large shareholder associated with Japan Post reported indirect open‑market sales of 19,600 shares of Common Stock.
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Form Type
4
Rhea-AI Filing Summary
AFLAC INC large shareholder associated with Japan Post reported indirect open‑market sales of 19,600 shares of Common Stock. The sales were executed through J&A Alliance Holdings Corporation, acting as trustee of the J&A Alliance Trust, at weighted average prices around $110 per share. After these transactions, the trust continued to hold 51,954,900 AFLAC shares indirectly for the reporting structure, indicating only a small reduction in its overall position.
Insider Trade Summary 10b5-1
Net Seller: 19,600 shares
Net Sell
2 txns
Insider
Japan Post Holdings Co., Ltd.
Role
10% Owner
Sold
19,600 shs ($2.15M)
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Sale | Common Stock | 13,993 | $109.72 | $1.54M |
| Sale | Common Stock | 5,607 | $110.17 | $618K |
Holdings After Transaction:
Common Stock — 51,954,900 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 $109.02 to $110.02 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 $110.03 to $110.39 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: 19,600 shares
First block sold: 13,993 shares at $109.72
Second block sold: 5,607 shares at $110.17
+1 more
4 metrics
Total shares sold
19,600 shares
Two open-market sales of AFLAC Common Stock
First block sold
13,993 shares at $109.72
Weighted average price; trades ranged $109.02–$110.02
Second block sold
5,607 shares at $110.17
Weighted average price; trades ranged $110.03–$110.39
Shares held after transactions
51,954,900 shares
Indirect holdings following the second reported sale
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 ("J&A Holdings"), 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.
open-market sale financial
"transaction_action": "open-market sale""
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
AI-generated questions and answers. How Rhea-AI works. Not financial advice.
What insider activity did AFL (AFLAC INC) report in this Form 4?
AFLAC INC reported that an entity associated with Japan Post sold 19,600 shares of AFLAC Common Stock in open-market transactions. The sales were made indirectly through a trust structure and reduced, but did not substantially change, the overall share position held for that structure.
Were the AFLAC insider sales by Japan Post direct or indirect holdings?
The sales involved indirect holdings. The reported securities are owned directly by J&A Alliance Holdings Corporation as trustee of the J&A Alliance Trust, with Japan Post and others potentially deemed beneficial owners through this structure, subject to their explicit beneficial ownership disclaimers.
What do the weighted average prices in the AFL Form 4 mean for investors?
The filing reports weighted average sale prices rather than listing each individual trade. For example, one block’s average price reflects many trades between $109.02 and $110.02, summarizing execution levels while allowing regulators or the issuer to request detailed trade-by-trade data if needed.
AI-generated analysis. How Rhea-AI works. Not financial advice.
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