Frederick J. Crawford - May 2, 2023 Form 4 Insider Report for AFLAC INC (AFL)

Role: President & COO
Signature: By: Brooke R. Phillips For: Frederick J. Crawford
Stock symbol: AFL
Transactions as of: May 2, 2023
Transactions value $: -$1,402,834
Form type: 4
Date filed: 5/4/2023, 04:35 PM
Previous filing: Feb 15, 2023
Next filing: Nov 6, 2023

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
transaction	AFL	Common Stock	Options Exercise	$1.33M	+42.7K	+13.87%	$31.22	351K	May 2, 2023	Direct
transaction	AFL	Common Stock	Sale	-$100K	-1.46K	-0.42%	$68.48	349K	May 2, 2023	Direct
transaction	AFL	Common Stock	Sale	-$1.9M	-27.7K	-7.93%	$68.45	321K	May 2, 2023	Direct	F1
transaction	AFL	Common Stock	Options Exercise	$1.31M	+45.1K	+14.02%	$28.97	366K	May 2, 2023	Direct
transaction	AFL	Common Stock	Sale	-$100K	-1.46K	-0.4%	$68.46	365K	May 2, 2023	Direct
transaction	AFL	Common Stock	Sale	-$1.94M	-28.4K	-7.79%	$68.40	337K	May 2, 2023	Direct	F2

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	-42.7K	-100%	$0.00^*	0	May 2, 2023	Common Stock	42.7K	$31.22	Direct
transaction	AFL	Employee Stock Option (right to buy)	Options Exercise	$0	-45.1K	-100%	$0.00^*	0	May 2, 2023	Common Stock	45.1K	$28.97	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 $68.43 to $68.52. 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.
F2	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 $68.40 to $68.47. 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 $68.43 to $68.52. 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.

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 $68.40 to $68.47. 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.