AFL insider ownership: who sold, why, and what they still hold

Who	Shares	Price	% of total stake	Total stake after	Trade date	Filed
Masatoshi Koide Pres. and Rep. Director, ALIJ	13,201	$118.01	15%	76K	Sep 16, 2026	Sep 18, 2026

Who	Shares	Price	% of total stake	Total stake after	Trade date	Filed
Frederic Simard Deputy President, Aflac U.S.	409	$117.55	n/a	n/a	Sep 15, 2026	Sep 17, 2026

What stands out

Three officers sold more than 25% of vested holdings: Masatoshi Koide (40% of holdings, $3.3M, 52% under a disclosed plan), Charles Lake II (53% of holdings, $3.0M, 57% under a disclosed plan) and Steven Beaver (50% of holdings, $2.5M, none under a disclosed plan).Masatoshi Koide: largest sale, Mar 11, 2026 · Charles Lake II: largest sale, Mar 11, 2026 · Steven Beaver: largest sale, Feb 20, 2026

Three insiders sold $5.2M with no disclosed plan: Audrey Tillman ($2.2M, 7.0% of holdings), Joseph Moskowitz ($1.5M) and Max Broden ($1.5M, 9.9%). The filings don't state a reason.Audrey Tillman: largest such sale, Nov 18, 2025 · Joseph Moskowitz: largest such sale, Jun 22, 2026 · Max Broden: largest such sale, Feb 6, 2026

Four insiders sold shares but ended with larger stakes, because more shares came in than were sold: Audrey Tillman (sold 19K, 7.0% of starting holdings; 70K added), Max Broden (sold 13K, 10.0% of starting holdings; 54K added) and Thomas Kenny (sold 1.7K, 13% of starting holdings; 2K added), plus 1 more.Audrey Tillman: largest sale, Nov 18, 2025 · Max Broden: largest sale, Feb 6, 2026 · Thomas Kenny: largest sale, May 15, 2026

Percentages cover 16 of 20 officers and directors. 4 are left out

Left out: Virgil Miller, Robin Blackmon and Frederic Simard (holdings couldn't be fully reconciled); Joseph Moskowitz (most of their shares vested during the period, so a percentage would mislead).

Disclosed company stock is not an insider's whole wealth.

Who sold, and how much of their stake

Officers and directors, past 12 months. Each bar is 100% of that person's own stake; not comparable between people. The stake is the vested shares held at the start of the period (Oct 9, 2025); the gold part is what they sold.

SoldRest of starting stakeAdded during the period

Masatoshi Koide

Pres. and Rep. Director, ALIJ

Sold 40%, but 3.2K shares were added (mostly vesting), so the stake grew

40% · $3.3M52% planned 48% no plan disclosed

Charles Lake II

Chairman & Rep. Director, ALIJ

53% · $3.0M57% planned 43% no plan disclosed

Steven Beaver

EVP, CFO Aflac Japan

50% · $2.5MNo plan disclosed

Audrey Tillman

Sr. Executive Vice President

Sold 7.0%, but 19K shares were added (mostly vesting), so the stake grew

7.0% · $2.2MNo plan disclosed

Joseph Moskowitz

Director

Sold $1.9M (plan status beside the amount). That is 33% of the shares held or received (after tax withholding) during the period†. A share of the starting stake is not shown: most of these shares arrived during the period. Why

$1.9M17% planned 83% no plan disclosed

All 10 sellers

Selling by month

Officers and directors, Oct 2025 to Oct 2026. Each sale is counted once: under a disclosed plan, else to cover taxes, else no plan disclosed.

Disclosed planNo plan disclosedOne dollar scale for every month; the tallest bar is labeled

Outside holders, reported separately

Japan Post Holdings Co., Ltd. sold $218M in the past 12 months. Large shareholders and the funds or companies that board members represent are not part of management, so they are left out of the figures above.

Details

Common questions

Is the Aflac CEO selling stock?

No. Daniel Amos reported no open-market sales in the past 12 months.

Why are Aflac insiders selling?

Filings rarely give a reason, and we don't guess at one. What they show is how the sales were made: 25% of sales by value ran under 10b5-1 trading plans disclosed in the filings and 75% had no disclosed plan. A trading plan schedules sales in advance.

Are any Aflac insiders buying?

No. Officers and directors reported no purchases in the past 12 months.

How much of their stake did Aflac insiders sell?

About 3.4% overall. As a group they still hold 99.8% of their starting shares. The biggest individual seller, Masatoshi Koide, sold shares equal to 40% of starting holdings, but more vested, so the stake grew. That covers the 12 months to Oct 9, 2026 and counts vested shares reported on SEC Forms 3, 4 and 5, which is not an insider's whole wealth.

The evidence

Who sold10 officers and directors: amount, % of holdings, trading plan

Who sold	Amount	% of holdings	Trading plan
Masatoshi Koide Pres. and Rep. Director, ALIJ	$3.3M 29K shares	40%	52% under a disclosed plan 48% no plan disclosed
Charles Lake II Chairman & Rep. Director, ALIJ	$3.0M 27K shares	53%	57% under a disclosed plan 43% no plan disclosed
Steven Beaver EVP, CFO Aflac Japan	$2.5M 22K shares	50%	No plan disclosed
Audrey Tillman Sr. Executive Vice President	$2.2M 19K shares	7.0%	No plan disclosed
Joseph Moskowitz Director	$1.9M 16K shares	33%† i † Most of the shares Joseph Moskowitz sold arrived during the period, so this is shares sold as a share of the 25K held at the start plus the 24K received, less 0 withheld by the company for taxes.	17% under a disclosed plan 83% no plan disclosed
Max Broden Sr. EVP, CFO	$1.5M 13K shares	10.0%	No plan disclosed
Arthur Collins Director	$268K 2.3K shares	34%	No plan disclosed
Thomas Kenny Director	$203K 1.7K shares	13%	No plan disclosed
Frederic Simard Deputy President, Aflac U.S.	$194K 1.7K shares	i No percentage: holdings couldn't be fully reconciled.	No plan disclosed
Miwako Hosoda Director	$28K 243 shares	3.6%	Disclosed plan

Outside holder, reported separately: Japan Post Holdings Co., Ltd. (a 10% owner, not part of management). Sold $218M (1.91M shares) from Mar 3, 2026 to Oct 6, 2026. Holds 50.39M shares. Latest filing

The full ownership picture17 of 20 insiders fully reconciled · 20 officers and directors

Vested shares across all share classes, held directly and through trusts, LLCs and family members, as reported on SEC Forms 3, 4 and 5. Unvested awards and options are never counted as owned shares.

Insider

Held Oct 9, 2025

Sold

Held Oct 9, 2026

Still held

Daniel Amos

Additional holdings last reported more than 3 years ago are shown separately and excluded from totals.

Chairman of the Board, CEO, Director

2.60M

2.54M

no sales

Vesting, gifts, unvested awards and holding lines for Daniel Amos

0shares vested or exercised

−204Kgifted (net of own trusts)

−116Kwithheld by the company for taxes

none reportedunvested awards, start → end

Additional holdings last reported more than 3 years ago are shown separately and excluded from totals.

Held through	Share class	Oct 9, 2025	Oct 9, 2026
Direct	Common Stock	742,711	685,848
Partnership	Common Stock	941,326	941,326
TTEE/Children	Common Stock	908,632	908,632
Spouse IRA	Common Stock	3,520	3,520
Spouse	Common Stock	1,546	1,552

Additional holdings last reported Feb 12, 2016, not confirmed since: 526,206 shares. Not included in any total or percentage on this page.

SpouseTrustee/Trust, Common Stock: 320,160 shares, last reported May 29, 2007
Spouse Trustee/Trust, Common Stock: 180,442 shares, last reported Dec 11, 2008
Spouse/401(K)Plan(1), Common Stock: 11,520 shares, last reported May 29, 2007
Spouse/401(k), Common Stock: 11,466 shares, last reported Nov 21, 2005
Children, Common Stock: 2,000 shares, last reported Feb 12, 2016
Cust/Grandchild, Common Stock: 618 shares, last reported Nov 19, 2004

Audrey Tillman

Minor difference of 307 shares. Difference is under 0.5% of holdings.

Sr. Executive Vice President

275K

−19K

276K

+0.1%

Vesting, gifts, unvested awards and holding lines for Audrey Tillman

+19Kshares vested or exercised

−29Kgifted (net of own trusts)

−21Kwithheld by the company for taxes

none reportedunvested awards, start → end

Held through	Share class	Oct 9, 2025	Oct 9, 2026
Direct	Common Stock	257,658	257,619
401(K) Plan	Common Stock	17,701	18,007
Children	Common Stock	8	9

Reconciliation: minor difference of 307 shares. Difference is under 0.5% of holdings.

Max Broden

Minor difference of 42 shares. Difference is under 0.5% of holdings.

Sr. EVP, CFO

131K

−13K

148K

+13%

Vesting, gifts, unvested awards and holding lines for Max Broden

+4.7Kshares vested or exercised

0gifted (net of own trusts)

−24Kwithheld by the company for taxes

none reportedunvested awards, start → end

Held through	Share class	Oct 9, 2025	Oct 9, 2026
Direct	Common Stock	130,353	147,376
Spouse	Common Stock	339	383

Reconciliation: minor difference of 42 shares. Difference is under 0.5% of holdings.

William Bowers

Minor difference of 311 shares. Difference is under 0.5% of holdings.

Director

72K

76K

no sales

Vesting, gifts, unvested awards and holding lines for William Bowers

0shares vested or exercised

0gifted (net of own trusts)

none reportedunvested awards, start → end

Held through	Share class	Oct 9, 2025	Oct 9, 2026
Direct	Common Stock	71,560	75,666

Reconciliation: minor difference of 311 shares. Difference is under 0.5% of holdings.

Masatoshi Koide

Pres. and Rep. Director, ALIJ

71K

−29K

76K

+7.7%

Vesting, gifts, unvested awards and holding lines for Masatoshi Koide

+3.2Kshares vested or exercised

0gifted (net of own trusts)

none reportedunvested awards, start → end

Held through	Share class	Oct 9, 2025	Oct 9, 2026
Direct	Common Stock	70,992	76,422

Charles Lake II

Minor difference of 28 shares. Difference is under 0.5% of holdings. Additional holdings last reported more than 3 years ago are shown separately and excluded from totals.

Chairman & Rep. Director, ALIJ

51K

−27K

52K

+1.6%

Vesting, gifts, unvested awards and holding lines for Charles Lake II

0shares vested or exercised

0gifted (net of own trusts)

none reportedunvested awards, start → end

Additional holdings last reported more than 3 years ago are shown separately and excluded from totals.

Held through	Share class	Oct 9, 2025	Oct 9, 2026
Direct	Common Stock	49,962	50,737
401(K) Plan	Common Stock	1,299	1,327

Additional holdings last reported Dec 17, 2012, not confirmed since: 1,814 shares. Not included in any total or percentage on this page.

401(K), Common Stock: 954 shares, last reported Dec 17, 2012
401K Plan, Common Stock: 860 shares, last reported May 9, 2005

Reconciliation: minor difference of 28 shares. Difference is under 0.5% of holdings.

Karole Lloyd

Minor difference of 37 shares. Difference is under 0.5% of holdings.

Director

49K

51K

no sales

Vesting, gifts, unvested awards and holding lines for Karole Lloyd

0shares vested or exercised

0gifted (net of own trusts)

none reportedunvested awards, start → end

Held through	Share class	Oct 9, 2025	Oct 9, 2026
Direct	Common Stock	48,782	50,540

Reconciliation: minor difference of 37 shares. Difference is under 0.5% of holdings.

Steven Beaver

Minor difference of 131 shares. Difference is under 0.5% of holdings.

EVP, CFO Aflac Japan

44K

−22K

41K

93%

Vesting, gifts, unvested awards and holding lines for Steven Beaver

+9Kshares vested or exercised

0gifted (net of own trusts)

−3.6Kwithheld by the company for taxes

none reportedunvested awards, start → end

Held through	Share class	Oct 9, 2025	Oct 9, 2026
Direct	Common Stock	43,741	40,537

Reconciliation: minor difference of 131 shares. Difference is under 0.5% of holdings.

Virgil Miller

Holdings couldn't be fully reconciled. Balance changed with no matching transaction and no footnote: +434 shares on Feb 10, 2026 (401(K) Plan). See the filing Sales and other transactions for Virgil Miller are complete.

President, Aflac Inc. and U.S.

n/a

Vesting, gifts, unvested awards and holding lines for Virgil Miller

0shares vested or exercised

0gifted (net of own trusts)

−9.3Kwithheld by the company for taxes

none reportedunvested awards, start → end

Holdings couldn't be fully reconciled. Balance changed with no matching transaction and no footnote: +434 shares on Feb 10, 2026 (401(K) Plan). The balances below are as reported, not verified totals.

Held through	Share class	Oct 9, 2025	Oct 9, 2026
Direct	Common Stock	25,965	40,525
401(K) Plan	Common Stock	6,939	7,373
Spouse	Common Stock	2	2

Bradley Dyslin

Minor difference of 104 shares. Difference is under 0.5% of holdings.

Executive Vice President

29K

45K

no sales

Vesting, gifts, unvested awards and holding lines for Bradley Dyslin

0shares vested or exercised

0gifted (net of own trusts)

−13Kwithheld by the company for taxes

none reportedunvested awards, start → end

Held through	Share class	Oct 9, 2025	Oct 9, 2026
Direct	Common Stock	29,162	44,677

Reconciliation: minor difference of 104 shares. Difference is under 0.5% of holdings.

Joseph Moskowitz

Minor difference of 37 shares. Difference is under 0.5% of holdings.

Director

25K

−16K

33K

not meaningful

Vesting, gifts, unvested awards and holding lines for Joseph Moskowitz

+22Kshares vested or exercised

0gifted (net of own trusts)

none reportedunvested awards, start → end

Held through	Share class	Oct 9, 2025	Oct 9, 2026
Direct	Common Stock	24,605	32,710

Reconciliation: minor difference of 37 shares. Difference is under 0.5% of holdings.

Katherine Rohrer

Minor difference of 38 shares. Difference is under 0.5% of holdings.

Director

22K

23K

no sales

Vesting, gifts, unvested awards and holding lines for Katherine Rohrer

0shares vested or exercised

−550gifted (net of own trusts)

none reportedunvested awards, start → end

Held through	Share class	Oct 9, 2025	Oct 9, 2026
Direct	Common Stock	21,525	22,734

Reconciliation: minor difference of 38 shares. Difference is under 0.5% of holdings.

Georgette Kiser

Minor difference of 37 shares. Difference is under 0.5% of holdings.

Director

19K

21K

no sales

Vesting, gifts, unvested awards and holding lines for Georgette Kiser

0shares vested or exercised

0gifted (net of own trusts)

none reportedunvested awards, start → end

Held through	Share class	Oct 9, 2025	Oct 9, 2026
Direct	Common Stock	19,264	21,022

Reconciliation: minor difference of 37 shares. Difference is under 0.5% of holdings.

Nobuchika Mori

Minor difference of 38 shares. Difference is under 0.5% of holdings.

Director

14K

15K

no sales

Vesting, gifts, unvested awards and holding lines for Nobuchika Mori

0shares vested or exercised

0gifted (net of own trusts)

−523withheld by the company for taxes

none reportedunvested awards, start → end

Held through	Share class	Oct 9, 2025	Oct 9, 2026
Direct	Common Stock	13,620	14,856

Reconciliation: minor difference of 38 shares. Difference is under 0.5% of holdings.

Thomas Kenny

Minor difference of 284 shares. Unexplained small increases, consistent with stock unit vesting or reinvested dividends. Unexplained small increases, consistent with stock unit vesting or reinvested dividends.

Director

13K

−1.7K

13K

+2%

Vesting, gifts, unvested awards and holding lines for Thomas Kenny

0shares vested or exercised

0gifted (net of own trusts)

none reportedunvested awards, start → end

Unexplained small increases, consistent with stock unit vesting or reinvested dividends.

Held through	Share class	Oct 9, 2025	Oct 9, 2026
Direct	Common Stock	12,954	13,219

Reconciliation: minor difference of 284 shares. Unexplained small increases, consistent with stock unit vesting or reinvested dividends.

Robin Blackmon

Holdings couldn't be fully reconciled. Balance changed with no matching transaction and no footnote: +151 shares on Feb 9, 2026 (Direct). See the filing Sales and other transactions for Robin Blackmon are complete.

SVP, Chief Accounting Officer

n/a

Vesting, gifts, unvested awards and holding lines for Robin Blackmon

0shares vested or exercised

0gifted (net of own trusts)

−290withheld by the company for taxes

none reportedunvested awards, start → end

Holdings couldn't be fully reconciled. Balance changed with no matching transaction and no footnote: +151 shares on Feb 9, 2026 (Direct). The balances below are as reported, not verified totals.

Held through	Share class	Oct 9, 2025	Oct 9, 2026
Direct	Common Stock	6,946	6,807

Miwako Hosoda

Minor difference of 38 shares. Difference is under 0.5% of holdings.

Director

6.8K

−243

7.7K

+15%

Vesting, gifts, unvested awards and holding lines for Miwako Hosoda

0shares vested or exercised

0gifted (net of own trusts)

−523withheld by the company for taxes

none reportedunvested awards, start → end

Held through	Share class	Oct 9, 2025	Oct 9, 2026
Direct	Common Stock	6,750	7,743

Reconciliation: minor difference of 38 shares. Difference is under 0.5% of holdings.

Arthur Collins

Minor difference of 37 shares. Unexplained small increases, consistent with stock unit vesting or reinvested dividends. Unexplained small increases, consistent with stock unit vesting or reinvested dividends.

Director

6.7K

−2.3K

6.2K

92%

Vesting, gifts, unvested awards and holding lines for Arthur Collins

0shares vested or exercised

0gifted (net of own trusts)

none reportedunvested awards, start → end

Unexplained small increases, consistent with stock unit vesting or reinvested dividends.

Held through	Share class	Oct 9, 2025	Oct 9, 2026
Direct	Common Stock	6,728	6,186

Reconciliation: minor difference of 37 shares. Unexplained small increases, consistent with stock unit vesting or reinvested dividends.

Michael Forrester

Minor difference of 102 shares. Unexplained small increases, consistent with stock unit vesting or reinvested dividends. Unexplained small increases, consistent with stock unit vesting or reinvested dividends.

Director

4.7K

6.5K

no sales

Vesting, gifts, unvested awards and holding lines for Michael Forrester

0shares vested or exercised

0gifted (net of own trusts)

none reportedunvested awards, start → end

Unexplained small increases, consistent with stock unit vesting or reinvested dividends.

Held through	Share class	Oct 9, 2025	Oct 9, 2026
Direct	Common Stock	4,661	6,484

Reconciliation: minor difference of 102 shares. Unexplained small increases, consistent with stock unit vesting or reinvested dividends.

Frederic Simard

Holdings couldn't be fully reconciled. Balance changed with no matching transaction and no footnote: +30 shares on Sep 15, 2026 (Direct). See the filing Sales and other transactions for Frederic Simard are complete.

Deputy President, Aflac U.S.

n/a

−1.7K

n/a

Vesting, gifts, unvested awards and holding lines for Frederic Simard

0shares vested or exercised

0gifted (net of own trusts)

−409withheld by the company for taxes

none reportedunvested awards, start → end

Holdings couldn't be fully reconciled. Balance changed with no matching transaction and no footnote: +30 shares on Sep 15, 2026 (Direct). The balances below are as reported, not verified totals.

Held through	Share class	Oct 9, 2025	Oct 9, 2026
Direct	Common Stock	3,086	985
401(K) Plan	Common Stock	589	602

17 of 20 insiders fully reconciled: starting holdings plus reported transactions match ending holdings (2 exactly, 15 with a minor or footnoted difference). For 3 we show sales but not holdings; the ! icon on their rows explains why. Percentages cover 16 of 20 officers and directors. Left out: Virgil Miller, Robin Blackmon and Frederic Simard (holdings couldn't be fully reconciled); Joseph Moskowitz (most of their shares vested during the period, so a percentage would mislead). "Still held" compares ending with starting vested shares; a plus sign means the holding grew.

What explains the selling$15.0M of sales by plan status, purpose, seller and month

Officer and director open-market sales: $15.0M across 131,836 shares. Plan status and stated purpose are separate questions, and a sale can have both.

By plan status

Disclosed plan · $3.8M · 25%

75%

The lighter segment is sales with no plan disclosed in the filing ($11.2M), including tax-related sales outside a plan.

No plan disclosed · $11.2M

Sales with no 10b5-1 plan and no tax reference in the filing. $2.5M of it is Steven Beaver. No plan disclosed is a statement about the filing, not about why the sale happened. Largest such sale: Audrey Tillman, Nov 18, 2025

Taxes

189,701 shares ($21.5M) were withheld by the company for taxes, which isn't a market sale.

Seller	Shares sold	Proceeds	Under a disclosed plan	Share of total	Sales dates
Masatoshi Koide Pres. and Rep. Director, ALIJ	29K	$3.3M	52%	22%	Mar 11, 2026 to Sep 16, 2026
Charles Lake II Chairman & Rep. Director, ALIJ	27K	$3.0M	57%	20%	Mar 11, 2026 to May 5, 2026
Steven Beaver EVP, CFO Aflac Japan	22K	$2.5M	0%	16%	Dec 5, 2025 to May 22, 2026
Audrey Tillman Sr. Executive Vice President	19K	$2.2M	0%	15%	Nov 14, 2025 to Nov 18, 2025
Joseph Moskowitz Director	16K	$1.9M	17%	12%	Nov 7, 2025 to Aug 10, 2026
Max Broden Sr. EVP, CFO	13K	$1.5M	0%	10%	Feb 6, 2026 to Feb 6, 2026
Arthur Collins Director	2.3K	$268K	0%	2%	May 14, 2026 to May 14, 2026
Thomas Kenny Director	1.7K	$203K	0%	1%	May 15, 2026 to May 15, 2026
Frederic Simard Deputy President, Aflac U.S.	1.7K	$194K	0%	1%	Nov 6, 2025 to Nov 6, 2025
Miwako Hosoda Director	243	$28K	100%	0.2%	May 6, 2026 to May 6, 2026

Sales by month

Month	Sale proceeds	Disclosed plan	To cover taxes	No plan disclosed
Oct 2025	$0	$0	$0	$0
Nov 2025	$2.6M	$114K	$0	$2.5M
Dec 2025	$979K	$0	$0	$979K
Jan 2026	$0	$0	$0	$0
Feb 2026	$2.4M	$0	$0	$2.4M
Mar 2026	$4.0M	$3.5M	$0	$536K
Apr 2026	$0	$0	$0	$0
May 2026	$2.0M	$96K	$0	$1.9M
Jun 2026	$1.4M	$0	$0	$1.4M
Jul 2026	$0	$0	$0	$0
Aug 2026	$74K	$74K	$0	$0
Sep 2026	$1.6M	$0	$0	$1.6M
Oct 2026	$0	$0	$0	$0

Is this normal? Selling year by year5 earlier years to compare with

Less than usual: about half of the 5-year average. 10 insiders sold; the average is 11 a year.

12 months ending	Shares sold	Insiders who sold	Proceeds
Oct 9, 2026 Latest 12 months	132K	10	$15.0M
Oct 9, 2025 1 year earlier	150K	6	$15.9M
Oct 9, 2024 2 years earlier	322K	12	$26.1M
Oct 10, 2023 3 years earlier	256K	13	$18.0M
Oct 10, 2022 4 years earlier	180K	12	$11.0M
Oct 10, 2021 5 years earlier	296K	10	$14.6M

Open-market sales (Form 4 code S) by people who were officers or directors, in split-adjusted shares. Earlier years include people who have since left. A sale that an outside holder also reports (a family trust, a fund) is counted with outside holders in every year. Shares, not dollars, are compared, so a change in the stock price doesn't look like a change in selling. Years the filings don't fully cover are shown but left out of the average.

Known gaps and uncertainty3 insiders whose holdings couldn't be fully reconciled

Virgil Miller: holdings couldn't be fully reconciled (difference of 648 shares). Balance changed with no matching transaction and no footnote: +434 shares on Feb 10, 2026 (401(K) Plan). Filing, Feb 10, 2026

Robin Blackmon: holdings couldn't be fully reconciled (difference of 151 shares). Balance changed with no matching transaction and no footnote: +151 shares on Feb 9, 2026 (Direct). Filing, Feb 9, 2026

Frederic Simard: holdings couldn't be fully reconciled (difference of 43 shares). Balance changed with no matching transaction and no footnote: +30 shares on Sep 15, 2026 (Direct). Filing, Sep 15, 2026

Audrey Tillman: minor difference of 307 shares. Difference is under 0.5% of holdings.

Max Broden: minor difference of 42 shares. Difference is under 0.5% of holdings.

William Bowers: minor difference of 311 shares. Difference is under 0.5% of holdings.

Charles Lake II: minor difference of 28 shares. Difference is under 0.5% of holdings.

Karole Lloyd: minor difference of 37 shares. Difference is under 0.5% of holdings.

Steven Beaver: minor difference of 131 shares. Difference is under 0.5% of holdings.

Bradley Dyslin: minor difference of 104 shares. Difference is under 0.5% of holdings.

Joseph Moskowitz: minor difference of 37 shares. Difference is under 0.5% of holdings.

Katherine Rohrer: minor difference of 38 shares. Difference is under 0.5% of holdings.

Georgette Kiser: minor difference of 37 shares. Difference is under 0.5% of holdings.

Nobuchika Mori: minor difference of 38 shares. Difference is under 0.5% of holdings.

Thomas Kenny: minor difference of 284 shares. Unexplained small increases, consistent with stock unit vesting or reinvested dividends.

Miwako Hosoda: minor difference of 38 shares. Difference is under 0.5% of holdings.

Arthur Collins: minor difference of 37 shares. Unexplained small increases, consistent with stock unit vesting or reinvested dividends.

Michael Forrester: minor difference of 102 shares. Unexplained small increases, consistent with stock unit vesting or reinvested dividends.

Inferred rename: "Spouse/401K Plan" is treated as the same holder as "Spouse/401(k)", because the old name was never reported again and the new one opened with the same balance (11,466 shares). Old name, new name

Inferred rename: "Spouse/401(K) Plan (2)" is treated as the same holder as "Spouse/401(K)Plan(1)", because the old name was never reported again and the new one opened with the same balance (11,520 shares). Old name, new name

Inferred rename: "Spouse/401(K) Plan" is treated as the same holder as "Spouse IRA", because the old name was never reported again and the new one opened with the same balance (3,520 shares). Old name, new name

Inferred typo: the share class "Commmon Stock" is treated as the same class as "Common Stock" on 1 holding line, because the two spellings are nearly identical and each balance carried over exactly. Example (Paul Amos II, 330,502 shares): old title, new title

External context: we only cite outside events when a documented connection exists. None is shown for this period.

Sources and methodology1,898 filings from SEC EDGAR, and how we read them

All 1,898 Forms 3, 4 and 5 filed for Aflac (SEC CIK 4977) from Aug 4, 2000 to Oct 8, 2026, retrieved from SEC EDGAR on Oct 9, 2026. Prices are the ones reported in each filing, often weighted averages. 236 older filings exist only on paper and could not be read.

Probable 2-for-1 stock split on or before Mar 19, 2018 (split date stated in a footnote). Splits aren't reported as transactions; 14 holding lines changed by exactly this ratio, so earlier share counts are restated.

Holdings. Each holding line (a share class plus an owner, such as a trust or LLC) carries its last reported balance forward. Entities first reported during the period start at zero, so transfers between an insider's own trusts don't count as selling. Lines not reported for three years or more are listed separately and left out of totals.

Sales. A sale counts as under a 10b5-1 plan if its footnote cites one or the filing's Rule 10b5-1 box is checked, and as tax-related if its footnote cites tax obligations or sell-to-cover. Shares withheld by the company for taxes are listed separately. Sales with neither attribute are labeled "no plan disclosed".

Full methodology

Former or inactive filers (58)No filing in 18 months; last reported balances, not in any total

Name	Last filed	Last reported balance
Albert Riggieri	Mar 15, 2024	32,825 shares, last reported balance as of Mar 14, 2024
Barbara Rimer	Feb 6, 2024	35,115 shares, last reported balance as of Feb 2, 2024
June Howard	Nov 9, 2023	126,234 shares, last reported balance as of Nov 7, 2023
Frederick Crawford	Nov 6, 2023	236,539 shares, last reported balance as of Nov 2, 2023
James Daniels	Aug 22, 2023	63,021 shares, last reported balance as of Aug 21, 2023
Eric Kirsch	Nov 18, 2022	167,721 shares, last reported balance as of Nov 16, 2022
Toshihiko Fukuzawa	Nov 18, 2022	10,258 shares, last reported balance as of Nov 16, 2022
Teresa White	Aug 8, 2022	152,739 shares, last reported balance as of Aug 5, 2022
Melvin Stith	Feb 8, 2022	45,743 shares, last reported balance as of Nov 23, 2021
Richard Williams Jr.	Sep 29, 2020	9,260 shares, last reported balance as of Sep 25, 2020
Koji Ariyoshi	Feb 18, 2020	108,360 shares, last reported balance as of Feb 14, 2020
Robert Johnson	May 7, 2019	38,515 shares, last reported balance as of May 6, 2019
Douglas Johnson	Mar 13, 2019	33,035 shares, last reported balance as of Mar 12, 2019
Charles Knapp	Mar 27, 2018	108,582 shares, last reported balance as of Mar 26, 2018
Paul Amos II	Feb 14, 2018	3,602,146 shares, last reported balance as of Jun 22, 2017
Elizabeth Hudson	Feb 12, 2018	122,084 shares, last reported balance as of Dec 7, 2017
Kriss Cloninger III	Dec 6, 2017	584,808 shares, last reported balance as of Dec 4, 2017
Kriss Cloninger III	Dec 6, 2017	20,000 shares, last reported balance as of Feb 12, 2013
Kenneth Janke Jr.	Mar 15, 2017	327,630 shares, last reported balance as of Mar 15, 2017
Hiroshi Yamauchi	Feb 23, 2017	172,188 shares, last reported balance as of Feb 22, 2017
Robin Wilkey	Feb 16, 2017	38,520 shares, last reported balance as of Feb 14, 2017
Takuro Yoshida	Aug 12, 2015	4,204 shares, last reported balance as of Aug 11, 2015
David Thompson	Mar 2, 2015	37,722 shares, last reported balance as of Feb 27, 2015
Susan Blanck	Feb 19, 2015	106,838 shares, last reported balance as of Feb 17, 2015
John Amos II	Aug 19, 2014	1,906,596 shares, last reported balance as of Aug 15, 2014
John Amos II	Aug 19, 2014	No balance on record
Joey Loudermilk	Feb 12, 2014	434,190 shares, last reported balance as of Feb 11, 2014
Tohru Tonoike	Feb 12, 2014	153,788 shares, last reported balance as of Feb 11, 2014
Masahiko Furutani	Feb 12, 2014	No balance on record
Stephen Purdom	Aug 15, 2013	547,526 shares, last reported balance as of Dec 26, 2012
Thomas Giddens	Feb 13, 2013	13,754 shares, last reported balance as of Feb 11, 2013
Michael Zuna	Feb 13, 2013	1,344 shares, last reported balance as of Feb 11, 2013
Marvin Schuster	Aug 16, 2012	150,632 shares, last reported balance as of Aug 4, 2011
Robert Wright	Jan 4, 2012	85,962 shares, last reported balance as of Dec 22, 2011
Michael Armacost	Aug 11, 2011	57,894 shares, last reported balance as of Feb 3, 2010
Yuji Arai	Feb 16, 2011	29,234 shares, last reported balance as of Feb 14, 2011
William Jeffery	Feb 16, 2011	25,832 shares, last reported balance as of Feb 14, 2011
Jun Isonaka	Feb 16, 2011	54,926 shares, last reported balance as of Feb 14, 2011
Martin Durant	Feb 16, 2011	98,030 shares, last reported balance as of Feb 14, 2011
Ralph Rogers Jr.	Sep 2, 2010	46,528 shares, last reported balance as of Sep 1, 2010
Joe Harris	Aug 11, 2010	134,996 shares, last reported balance as of Nov 15, 2006
Ronald Sanders	Feb 18, 2010	73,832 shares, last reported balance as of Feb 16, 2010
Kenneth Janke Sr.	Feb 5, 2010	489,386 shares, last reported balance as of Feb 3, 2010
Yoshiro Aoki	Aug 12, 2009	No balance on record
Takaaki Matsumoto	Aug 7, 2009	22,470 shares, last reported balance as of Aug 6, 2009
Ronald Kirkland	Feb 18, 2009	22,274 shares, last reported balance as of Feb 16, 2009
Akitoshi Kan	Feb 14, 2008	619,466 shares, last reported balance as of Feb 12, 2008
Rebecca Davis	Feb 14, 2008	105,012 shares, last reported balance as of Feb 12, 2008
Hidefumi Matsui	Nov 28, 2007	669,402 shares, last reported balance as of Nov 27, 2007
Hisayuki Shinkai	Nov 16, 2006	26,230 shares, last reported balance as of Feb 22, 2006
Joseph Smith Jr.	May 10, 2006	311,476 shares, last reported balance as of May 9, 2006
Atsushi Yagai	Mar 10, 2006	24,142 shares, last reported balance as of Jan 20, 2006
Bryant O	May 27, 2005	160,604 shares, last reported balance as of May 25, 2005
Kermitt Cox	May 9, 2005	95,934 shares, last reported balance as of May 5, 2005
Glenn Vaughn Jr.	Sep 3, 2004	84,178 shares, last reported balance as of Feb 4, 2004
Bradley Jones	Aug 11, 2004	37,536 shares, last reported balance as of Feb 10, 2004
Kathelen Spencer	Apr 30, 2004	468,314 shares, last reported balance as of Apr 28, 2004
Joseph Kuechenmeister	Feb 17, 2004	159,304 shares, last reported balance as of Feb 10, 2004

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Aflac insiders sold $15.0M in the past 12 months. How much of their stake is that?

What stands out

Who sold, and how much of their stake

Selling by month

Outside holders, reported separately

Common questions

Is the Aflac CEO selling stock?

Why are Aflac insiders selling?

Are any Aflac insiders buying?

How much of their stake did Aflac insiders sell?

The evidence

No plan disclosed · $11.2M

Taxes

Sales by month