Steven K. Beaver - May 12, 2023 Form 4 Insider Report for AFLAC INC (AFL)

Role: SVP, CFO, Aflac US
Signature: By: Brooke R. Phillips For: Steven K. Beaver
Stock symbol: AFL
Transactions as of: May 12, 2023
Transactions value $: -$464,894
Form type: 4
Date filed: 5/15/2023, 05:02 PM
Previous filing: Feb 15, 2023
Next filing: Dec 5, 2023

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
transaction	AFL	Common Stock	Options Exercise	$141K	+4.53K	+21.79%	$31.21	25.3K	May 12, 2023	Direct
transaction	AFL	Common Stock	Sale	-$213K	-3.2K	-12.65%	$66.37	22.1K	May 12, 2023	Direct
transaction	AFL	Common Stock	Sale	-$88K	-1.33K	-5.99%	$66.36	20.8K	May 12, 2023	Direct
transaction	AFL	Common Stock	Options Exercise	$264K	+8.59K	+41.3%	$30.73	29.4K	May 12, 2023	Direct
transaction	AFL	Common Stock	Sale	-$216K	-3.25K	-11.08%	$66.27	26.1K	May 12, 2023	Direct	F1
transaction	AFL	Common Stock	Sale	-$354K	-5.33K	-20.42%	$66.34	20.8K	May 12, 2023	Direct

Derivative Securities (e.g., puts, calls, warrants, options, convertible securities)

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Underlying Class	Amount	Exercise Price	Ownership	Footnotes
transaction	AFL	Employee Stock Option (right to buy)	Options Exercise	$0	-4.53K	-100%	$0.00^*	0	May 12, 2023	Common Stock	4.53K	$31.21	Direct
transaction	AFL	Employee Stock Option (right to buy)	Options Exercise	$0	-8.59K	-100%	$0.00^*	0	May 12, 2023	Common Stock	8.59K	$30.73	Direct

* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id	Content
F1	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 $66.26 to $66.28. 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.

Content

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 $66.26 to $66.28. 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.