MUFG director settles stock awards on retirement

Mitsubishi UFJ Financial Group director Makoto Kobayashi reported retirement-related equity settlements.

Rhea-AI Filing Summary

Mitsubishi UFJ Financial Group director Makoto Kobayashi reported retirement-related equity settlements. On 2026-07-14, 10,300 shares of common stock were acquired at no cost upon settlement of stock compensation plan points, and 20,736 plan points were converted into shares of common stock and cash under the plan. Following these transactions, he holds 298,258 common shares directly and 37,356 stock compensation plan points; no open-market purchases or sales were reported.

Insider Trade Summary

20,736 shares exercised/converted

Exercise 2 txns

Insider Kobayashi Makoto

Role Director

Type	Security	Shares	Price	Value
Conversion	Stock Compensation Plan Points F2	20,736	$0.00	$0.00
Other	Common Stock F1	10,300	$0.00	$0.00

Holdings After Transaction: Stock Compensation Plan Points — 37,356 contracts (Direct); Common Stock — 298,258 shares (Direct)

Footnotes (2)

1. F1. The reported shares were acquired upon the settlement of derivative securities (points) under the plan, previously reported in Table II, in connection with the reporting person's retirement.
2. F2. Represents the aggregate non-adjustable points that were settled upon the reporting person's retirement. Such points were converted into shares of common stock and cash in accordance with the terms of the plan.

Key Figures

Common shares acquired: 10,300 shares Plan points converted: 20,736 points Common shares held after: 298,258 shares +2 more

5 metrics

Common shares acquired 10,300 shares Non-derivative common stock acquired on 2026-07-14 via plan settlement

Plan points converted 20,736 points Stock Compensation Plan Points converted into common stock and cash

Common shares held after 298,258 shares Direct MUFG common stock holdings following the reported transactions

Plan points held after 37,356 points Remaining Stock Compensation Plan Points after the conversion event

Transaction date 2026-07-14 Date of both the common stock acquisition and plan point conversion

Key Terms

Stock Compensation Plan Points, derivative securities, non-derivative, Conversion of derivative security

4 terms

Stock Compensation Plan Points financial

"Represents the aggregate non-adjustable points that were settled upon the reporting person's retirement."

derivative securities financial

"The reported shares were acquired upon the settlement of derivative securities (points) under the plan."

Financial contracts whose value is tied to the price or performance of another asset, such as a stock, bond, commodity, index, or currency; examples include options, futures and swaps. They matter to investors because they let you protect against price swings, bet on future moves or gain larger exposure with less upfront cash—like using a lever or insurance policy on an investment—so they can amplify gains and losses and help manage portfolio risk.

non-derivative financial

"The reported shares were acquired upon the settlement of derivative securities (points) under the plan, previously reported in Table II."

Conversion of derivative security financial

"Transaction code C is described as Conversion of derivative security."

FAQ

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

What insider transaction did MUFG director Makoto Kobayashi report?

Makoto Kobayashi reported retirement-related equity settlements including 10,300 MUFG common shares acquired at no cost and 20,736 stock compensation plan points converted into shares and cash, all under the company’s stock compensation plan.

How many MUFG common shares did Kobayashi acquire in this Form 4 filing for MUFG?

Kobayashi acquired 10,300 MUFG common shares. These shares were issued upon settlement of stock compensation plan points in connection with his retirement, not through open-market purchases.

What happened to Makoto Kobayashi’s stock compensation plan points at MUFG?

A total of 20,736 stock compensation plan points were settled and converted into MUFG common stock and cash, in line with the plan’s terms, as part of Kobayashi’s retirement-related compensation.

What are Makoto Kobayashi’s MUFG holdings after the reported transactions?

After the transactions, Kobayashi directly holds 298,258 MUFG common shares and 37,356 stock compensation plan points, reflecting both his existing stake and the retirement-related settlement activity.

Did MUFG director Makoto Kobayashi buy or sell shares on the open market?

No open-market purchases or sales were reported. The Form 4 describes settlement of stock compensation plan points into 10,300 shares and cash in connection with Kobayashi’s retirement.

Why were MUFG stock compensation plan points settled for Makoto Kobayashi?

The points were settled upon Kobayashi’s retirement. The filing notes that derivative securities (points) under the stock compensation plan were converted into MUFG common stock and cash according to the plan’s terms.

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

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Accepted by SEC EDGAR 07/15/2026 - 06:15 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

X

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^*

Kobayashi Makoto

(Last) (First) (Middle)

4-5, MARUNOUCHI 1-CHOME

(Street)

CHIYODA-KU, TOKYO JAPAN 100-8330

(City) (State) (Zip)

JAPAN

(Country)

2. Issuer Name and Ticker or Trading Symbol
MITSUBISHI UFJ FINANCIAL GROUP INC [ MUFG ]

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
[8306 (TSE)]

3. Date of Earliest Transaction (Month/Day/Year)
07/14/2026

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(1)	07/14/2026		J(1)		10,300	A	$0(1)	298,258	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
Stock Compensation Plan Points(2)	(2)	07/14/2026		C			20,736	(2)	(2)	Common Stock	20,736	$0	37,356	D

Explanation of Responses:

1. The reported shares were acquired upon the settlement of derivative securities (points) under the plan, previously reported in Table II, in connection with the reporting person's retirement.

2. Represents the aggregate non-adjustable points that were settled upon the reporting person's retirement. Such points were converted into shares of common stock and cash in accordance with the terms of the plan.

	/s/ Kazutaka Kato, by Power of Attorney	07/15/2026
	** 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)