Japan Post Holdings Co., Ltd.

Japan Post Holdings Co., Ltd. has filed 165 Form 4 transactions, all in a single company, AFLAC Incorporated (ticker: AFL). The pattern is one-directional: every transaction is an open-market sale, coded S. There are no purchases, no grants, no option exercises, and no tax-withholding events in the filing set. The total sell value is $198,211,972.87, with zero dollars acquired or bought. The recent activity is concentrated in a three-week window from August 24 to September 15, 2026. In that span, Japan Post filed 25 separate sales of AFL stock. The daily values vary widely, from a low of $17,725.50 on September 4 to a high of $2,369,800 on September 3. Several days contain two separate sale filings, such as September 15 ($1,126,246.55 and $469,579.96) and September 8 ($243,831 and $1,326,180). The largest single transaction in the recent set is the September 3 sale at $2.37 million, followed by the September 4 sale at $1.74 million. The selling is steady rather than clustered. Japan Post filed sales on nearly every trading day in the window, including August 25, 26, 27, 28, and 31, then September 1 through 4, and September 8 through 11, with the final pair on September 15. The absence of any P-coded purchase, which the filing legend identifies as the only code showing conviction, means the entire 165-transaction history for this holding is dispositive. The dollar figures show no tapering: the September sales are comparable in size to the late August sales.