AFLAC INC — Director's Dealing 2023

May 4, 2023

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: AFLAC INC (AFL)
CIK: 0000004977
Period of Report: 2023-05-02

Reporting Person: Crawford Frederick John (President & COO)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2023-05-02	Common Stock	M	42696	$31.215	Acquired	350524	Direct
2023-05-02	Common Stock	S	1462	$68.4833	Disposed	349062	Direct
2023-05-02	Common Stock	S	27695	$68.4516	Disposed	321367	Direct
2023-05-02	Common Stock	M	45068	$28.965	Acquired	366435	Direct
2023-05-02	Common Stock	S	1462	$68.4643	Disposed	364973	Direct
2023-05-02	Common Stock	S	28434	$68.404	Disposed	336539	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2023-05-02	Employee Stock Option (right to buy)	$31.215	M	42696	Disposed	2025-07-01	Common Stock (42696.0)	Direct
2023-05-02	Employee Stock Option (right to buy)	$28.965	M	45068	Disposed	2026-02-09	Common Stock (45068.0)	Direct

Footnotes

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.