Japan Post sells 13,000 Aflac shares at $116.52
Rhea-AI Filing Summary
AFLAC INC (AFL) reported that large shareholder Japan Post Holdings Co., Ltd. filed a Form 4 for an indirect sale of 13,000 shares of common stock on 2026-08-28 at a weighted average price of $116.52 per share, in multiple trades between $116.21 and $116.97, under a Rule 10b5-1 trading plan. The shares are held by J&A Alliance Holdings Corporation as trustee of the J&A Alliance Trust, and Japan Post and related entities may be deemed to beneficially own them but disclaim beneficial ownership except to the extent of pecuniary interest. Following the sale, indirect holdings reported for this structure total 50,726,690 shares.
Positive
- None.
Negative
- None.
Insights
Analyzing...
Insider Trade Summary 10b5-1
Net Seller: 13,000 shares
Net Sell
1 txn
Insider
Japan Post Holdings Co., Ltd.
Role
10% Owner
Sold
13,000 shs ($1.51M)
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Sale | Common Stock F1, F2 | 13,000 | $116.52 | $1.51M |
Holdings After Transaction:
Common Stock — 50,726,690 shares (Indirect, See footnote)
Footnotes (2)
- 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 $116.21 to $116.97 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.
Key Figures
Shares sold: 13,000 shares
Weighted average sale price: $116.52 per share
Sale price range: $116.21–$116.97 per share
+2 more
5 metrics
Shares sold
13,000 shares
Common Stock sale on 2026-08-28 by Japan Post-associated trust structure
Weighted average sale price
$116.52 per share
Common Stock sold in multiple transactions on 2026-08-28
Sale price range
$116.21–$116.97 per share
Range of prices for the reported 2026-08-28 sale transactions
Indirect holdings after transaction
50,726,690 shares
Indirectly held AFL common stock reported following the sale
Transaction type
Sale in open market or private transaction
Form 4 code S for the 2026-08-28 transaction
Key Terms
Rule 10b5-1, beneficially own, pecuniary interest, weighted average price
4 terms
Rule 10b5-1 regulatory
"The transaction was effected under a Rule 10b5-1 trading plan"
Rule 10b5-1 is a regulation that allows company insiders to buy or sell their shares at predetermined times, even if they have access to non-public information. It acts like setting a schedule in advance for transactions, helping prevent accusations of unfair trading. This rule provides a way for insiders to plan trades transparently, giving investors confidence that these transactions are not based on hidden information.
beneficially own regulatory
"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"
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.
FAQ
What insider transaction did AFL (AFLAC INC) report in this Form 4?
AFL reported that Japan Post Holdings Co., Ltd. indirectly sold 13,000 shares of AFL common stock on 2026-08-28, at a weighted average price of $116.52 per share, with trades executed between $116.21 and $116.97 per share.
What is Japan Post Holdings’ remaining indirect ownership in AFL (AFLAC INC)?
After the reported sale, entities associated with Japan Post Holdings report indirect holdings of 50,726,690 AFL common shares held through J&A Alliance Holdings Corporation as trustee of the J&A Alliance Trust.
Was the AFL (AFLAC INC) insider sale made under a Rule 10b5-1 plan?
Yes. The Form 4 indicates the transaction was effected under a Rule 10b5-1 trading plan, meaning the trade followed a pre-arranged plan rather than being a discretionary market-timing decision.
AI-generated analysis. How Rhea-AI works. Not financial advice.
