AFLAC director exercises options and sells shares

AFLAC INC director Joseph L. Moskowitz reported exercising stock options and selling shares of the company’s common stock.

Rhea-AI Filing Summary

AFLAC INC director Joseph L. Moskowitz reported exercising stock options and selling shares of the company’s common stock. He exercised options covering 20,303 shares at an exercise price of $44.59 per share, converting a derivative position into common stock.

On the same date, he reported open‑market sales totaling 12,370 common shares at weighted average prices between $116.54 and $116.58 per share. After each step, individual transaction lines show direct common stock holdings of 45,680, 41,080 and 33,310 shares, reflecting the sequence of exercise and subsequent sales.

Insider Trade Summary

Exercise and sale activity reported; no spread calculated

Exercise and Sale 4 txns

Insider MOSKOWITZ JOSEPH L

Role Director

Sold 12,370 shs ($1.44M)

Approx. gross sale proceeds $1.44M

Approx. exercise cost $905K

Type	Security	Shares	Price	Value
Exercise	Director Stock Option	20,303	$0.00	$0.00
Exercise	Common Stock	20,303	$44.59	$905K
Sale	Common Stock	4,600	$116.54	$536K
Sale	Common Stock	7,770	$116.543	$906K

Holdings After Transaction: Director Stock Option — 0 contracts (Direct); Common Stock — 33,310 shares (Direct)

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 $116.54 to $116.58. 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.

Key Figures

Shares sold: 12,370 shares Sale price range: $116.54–$116.58 per share Options exercised: 20,303 shares +4 more

7 metrics

Shares sold 12,370 shares Common stock open-market sales on June 22, 2026

Sale price range $116.54–$116.58 per share Weighted average sale prices across multiple trades

Options exercised 20,303 shares Director Stock Option converted into common stock

Option exercise price $44.59 per share Exercise price for Director Stock Option

Holdings after exercise 45,680 shares Direct common stock holdings after option exercise

Holdings after final sale line 33,310 shares Direct common stock holdings after one reported sale step

Derivative balance 0 options Director Stock Option position after exercise

Key Terms

open-market sale, Director Stock Option, derivative security, weighted average sale price

4 terms

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.

Director Stock Option financial

"security_title: "Director Stock Option""

derivative security financial

"transaction_code_description: "Exercise or conversion of derivative security""

A derivative security is a financial contract whose value comes from the price or performance of something else, such as a stock, bond, commodity, or market index. For investors it acts like an insurance policy or a wager: it can be used to protect against losses, lock in prices, or amplify gains and losses, so it can change a portfolio’s risk and potential return without owning the underlying asset directly.

weighted average sale price financial

"The price is the weighted average sale price of the aggregate number of shares"

FAQ

AI-generated questions and answers. How Rhea-AI works. Not financial advice.

What insider transactions did AFL (AFLAC INC) disclose for Joseph L. Moskowitz?

AFLAC director Joseph L. Moskowitz exercised options for 20,303 shares and sold 12,370 common shares in open‑market transactions. The filing shows both the option exercise and subsequent sales recorded on the same date, with updated direct share holdings after each step.

How many AFLAC (AFL) shares did Joseph L. Moskowitz sell and at what prices?

Joseph L. Moskowitz sold a total of 12,370 AFLAC common shares in open‑market trades. The filing states these shares were sold at weighted average prices between $116.54 and $116.58 per share, across multiple individual transactions within that narrow price range.

What stock options did Joseph L. Moskowitz exercise in this AFL (AFLAC) Form 4?

He exercised a Director Stock Option covering 20,303 shares of AFLAC common stock. The option had an exercise price of $44.59 per share, with an original exercise date in May 2019 and an expiration date in May 2028, and now shows zero remaining derivative balance.

How did Joseph L. Moskowitz’s AFLAC share holdings change after these transactions?

The Form 4 lists direct holdings after each step: 45,680 common shares following the option exercise, then 41,080 shares and 33,310 shares after successive sales. These figures show how his reported direct ownership changed as he sold part of the newly acquired shares.

Were Joseph L. Moskowitz’s AFL (AFLAC) share sales executed in a single trade or multiple trades?

The filing notes the sale price is a weighted average for multiple trades. Shares were sold in several transactions at prices ranging from $116.54 to $116.58, and the insider offers to provide full trade‑by‑trade details upon request to interested parties.

AI-generated analysis. How Rhea-AI works. Not financial advice.

Form 4 Insider Transactions: What Each Field Means →

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Accepted by SEC EDGAR 06/24/2026 - 09:29 AM EDT Learn about SEC filing dates

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^*

MOSKOWITZ JOSEPH L

(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)

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

2a. Foreign Trading Symbol

3. Date of Earliest Transaction (Month/Day/Year)
06/22/2026

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	06/22/2026		M		20,303	A	$44.59	45,680	D
Common Stock	06/22/2026		S		4,600	D	$116.54	41,080	D
Common Stock	06/22/2026		S		7,770	D	$116.543(1)	33,310	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
Director Stock Option	$44.59	06/22/2026		M			20,303	05/07/2019	05/07/2028	Common Stock	20,303	$0	0	D

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 $116.54 to $116.58. 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: Joseph L. Moskowitz	06/24/2026
	** 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)