Aflac (NYSE: AFL) CFO Japan sells 5,508 shares after option exercise

Rhea-AI Filing Summary

Aflac Inc. executive Steven Kent Beaver, EVP and CFO of Aflac Japan, reported an exercise-and-sell transaction in company stock. He exercised an employee stock option to acquire 5,508 shares of Common Stock at an exercise price of $35.52 per share, then sold the same 5,508 shares in an open-market transaction at a weighted average price of $117.81 per share, with individual sale prices ranging from $117.77 to $117.95. Following these transactions, he directly holds 40,537 shares of Aflac Common Stock, and the option covering these 5,508 shares has been fully exercised, leaving no remaining balance from that grant.

Insider Trade Summary

Net Seller: 5,508 shares ($648,897)

Net Sell 3 txns

Insider BEAVER STEVEN KENT

Role EVP, CFO Aflac Japan

Sold 5,508 shs ($649K)

Type	Security	Shares	Price	Value
Exercise	Employee Stock Option (right to buy)	5,508	$0.00	--
Exercise	Common Stock	5,508	$35.52	$196K
Sale	Common Stock	5,508	$117.81	$649K

Holdings After Transaction: Employee Stock Option (right to buy) — 0 shares (Direct, null); Common Stock — 46,045 shares (Direct, null)

Footnotes (1)

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 $117.77 to $117.95. 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. The option will vest 1,832 shares on 02/14/2018; 1,836 shares on 02/14/2019; and 1,840 shares on 02/14/2020.

Key Figures

Shares sold: 5,508 shares Weighted average sale price: $117.81 per share Option exercise price: $35.52 per share +3 more

6 metrics

Shares sold 5,508 shares Common Stock sold in open-market transaction

Weighted average sale price $117.81 per share Common Stock sale on 2026-05-22

Option exercise price $35.52 per share Employee Stock Option (right to buy) exercised

Shares held after transaction 40,537 shares Direct Common Stock ownership after sale

Options exercised 5,508 options Employee Stock Option converted into Common Stock

Option expiration date February 14, 2027 Original expiration of exercised Employee Stock Option

Key Terms

weighted average sale price, Employee Stock Option (right to buy), derivative security, Common Stock

4 terms

weighted average sale price financial

"The price is the weighted average sale price of the aggregate number of shares that were sold."

Employee Stock Option (right to buy) financial

"Employee Stock Option (right to buy) with 5,508 underlying shares was exercised."

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.

Common Stock financial

"security_title: Common Stock for both the exercise and sale entries."

Common stock represents ownership shares in a company, giving investors a stake in its success and a say in important decisions through voting rights. It is the most common type of stock traded on markets and can provide income through dividends, as well as potential for value growth. For investors, holding common stock means sharing in the company’s profits and risks.

Form 4 Insider Transactions: What Each Field Means →

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^*

BEAVER STEVEN KENT

(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)

	Director		10% Owner
X	Officer (give title below)		Other (specify below)
	EVP, CFO Aflac Japan

2a. Foreign Trading Symbol

3. Date of Earliest Transaction (Month/Day/Year)
05/22/2026

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	05/22/2026		M		5,508	A	$35.52	46,045	D
Common Stock	05/22/2026		S		5,508	D	$117.81(1)	40,537	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
Employee Stock Option (right to buy)	$35.52	05/22/2026		M			5,508	(2)	02/14/2027	Common Stock	5,508	$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 $117.77 to $117.95. 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.

2. The option will vest 1,832 shares on 02/14/2018; 1,836 shares on 02/14/2019; and 1,840 shares on 02/14/2020.

Remarks:

	By: Brooke R. Phillips For: Steven K. Beaver	05/27/2026
	** 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)

FAQ

What insider transaction did AFL executive Steven Kent Beaver report?

Steven Kent Beaver reported exercising an employee stock option for 5,508 AFL shares, then selling those 5,508 shares in an open-market transaction, according to the Form 4. The filing describes this as an exercise of a derivative security followed by a sale of Common Stock.

How many AFL shares did Steven Kent Beaver sell and at what price?

He sold 5,508 shares of AFLAC Inc. Common Stock at a weighted average price of $117.81 per share. The Form 4 notes that individual trades occurred in multiple transactions at prices ranging from $117.77 to $117.95 per share.

What was the exercise price of Steven Kent Beaver’s AFL stock options?

The employee stock option exercised by Steven Kent Beaver had an exercise price of $35.52 per share for 5,508 underlying AFL shares. The option was structured to vest in tranches on 02/14/2018, 02/14/2019, and 02/14/2020, according to the disclosed footnote.

How many AFL shares does Steven Kent Beaver hold after this Form 4 transaction?

After completing the option exercise and related sale, Steven Kent Beaver directly holds 40,537 shares of AFLAC Inc. Common Stock. This post-transaction ownership figure is reported in the Form 4 for the non-derivative Common Stock holding line that reflects the sale transaction.

Did Steven Kent Beaver retain any AFL stock options after this transaction?

The Form 4 indicates that the specific employee stock option covering 5,508 shares now has a remaining balance of 0. The derivative summary is empty, and the option line shows 0.0000 derivative securities following the exercise, meaning that particular grant was fully exercised.