[Form 4] abrdn Japan Equity Fund, Inc. Insider Trading Activity
Lucia DiMartino Rose, a director of abrdn Japan Equity Fund, Inc. (JEQ), reported a sale of common stock on 09/03/2025 in connection with the Fund's tender offer. The Form 4 shows 636 shares disposed at $8.04 per share, leaving 364 shares beneficially owned after the transaction. The filing explains the sale represents shares tendered into the Fund's tender offer and that purchases will be prorated; a preliminary proration factor of 63.63% is cited. The report was signed by an agent under power of attorney on 09/05/2025. The filer states an amended Form 4 may follow if final proration changes the number sold.
Lucia DiMartino Rose, membro del consiglio di abrdn Japan Equity Fund, Inc. (JEQ), ha comunicato la vendita di azioni ordinarie in data 03/09/2025 in relazione all'offerta di riacquisto del Fondo. Il Modulo 4 indica la cessione di 636 azioni a $8,04 ciascuna, con 364 azioni ancora possedute dopo la transazione. La comunicazione precisa che le azioni vendute corrispondono a quelle presentate all'offerta del Fondo e che gli acquisti saranno riproporzionati; viene citato un fattore di riproporzionamento preliminare del 63,63%. Il rapporto 猫 stato firmato da un procuratore con procura il 05/09/2025. Il dichiarante segnala che potrebbe presentare un Modulo 4 emendato se la riproporzionamento definitivo modifica il numero di azioni vendute.
Lucia DiMartino Rose, directora de abrdn Japan Equity Fund, Inc. (JEQ), inform贸 la venta de acciones ordinarias el 03/09/2025 en relaci贸n con la oferta de recompra del Fondo. El Formulario 4 muestra la disposici贸n de 636 acciones a $8,04 por acci贸n, quedando 364 acciones con propiedad beneficiosa tras la operaci贸n. El informe explica que la venta corresponde a acciones presentadas a la oferta del Fondo y que las compras se prorratear谩n; se cita un factor de prorrateo preliminar del 63,63%. El documento fue firmado por un apoderado el 05/09/2025. El declarante indica que podr铆a presentar un Formulario 4 enmendado si el prorrateo final cambia el n煤mero vendido.
Lucia DiMartino Rose電� abrdn Japan Equity Fund, Inc. (JEQ)鞚� 鞚挫偓搿滌劀 韼�霌滌潣 瓿店皽毵れ垬(tender offer)鞕� 甏�霠晿鞐� 2025-09-03鞐� 氤错喌欤� 毵り皝鞚� 鞁犼碃頄堨姷雼堧嫟. Form 4鞐愲姅 欤茧嫻 $8.04鞐� 636欤�臧� 觳橂秳霅橃棃瓿� 瓯半灅 頉� 364欤�毳� 瓿勳啀 氤挫湢頃橁碃 鞛堧姅 瓴冹溂搿� 旮办灛霅橃柎 鞛堨姷雼堧嫟. 鞝滌稖靹滌棎電� 毵り皝鞚� 韼�霌滌潣 瓿店皽毵れ垬鞐� 鞚戫暅 欤检嫕鞛勳潉 氚濏瀳氅�, 毵れ垬電� 牍勳湪鞐� 霐半澕 氚半秳霅� 鞓堨爼鞚措澕瓿� 靹る獏霅橃柎 鞛堦碃, 鞓堧箘 氚半秳 牍勳湪搿� 63.63%臧� 鞝滌嫓霅橃柎 鞛堨姷雼堧嫟. 鞚� 氤搓碃靹滊姅 2025-09-05鞐� 鞙勳瀯鞛レ潉 臧�歆� 雽�毽澑鞐� 鞚橅暣 靹滊獏霅橃棃鞀惦媹雼�. 鞝滌稖鞛愲姅 斓滌 氚半秳 瓴瓣臣鞐� 霐半澕 毵り皝 欤检嫕 靾橁皜 氤�瓴诫悩氅� 靾橃爼霅� Form 4毳� 鞝滌稖頃� 靾� 鞛堨潓鞚� 氚濏様鞀惦媹雼�.
Lucia DiMartino Rose, administratrice d'abrdn Japan Equity Fund, Inc. (JEQ), a d茅clar茅 une vente d'actions ordinaires le 03/09/2025 en lien avec l'offre publique de rachat du Fonds. Le formulaire 4 indique la cession de 636 actions 脿 8,04 $ l'action, laissant 364 actions en possession b茅n茅ficiaire apr猫s la transaction. Le d茅p么t pr茅cise que les actions vendues ont 茅t茅 soumises 脿 l'offre du Fonds et que les achats seront proratis茅s聽; un taux de proratisation pr茅liminaire de 63,63% est mentionn茅. Le rapport a 茅t茅 sign茅 par un mandataire disposant d'une procuration le 05/09/2025. Le d茅clarant indique qu'un formulaire 4 amend茅 pourrait 锚tre d茅pos茅 si la proratisation finale modifie le nombre vendu.
Lucia DiMartino Rose, Direktorin des abrdn Japan Equity Fund, Inc. (JEQ), meldete am 03.09.2025 den Verkauf von Stammaktien im Zusammenhang mit dem R眉ckkaufangebot des Fonds. Das Formular 4 weist aus, dass 636 Aktien zu je $8,04 ver盲u脽ert wurden, wobei nach der Transaktion noch 364 Aktien beg眉nstigt gehalten werden. Die Meldung erkl盲rt, dass es sich um in das Angebot eingelieferte Aktien handelt und K盲ufe anteilig ausgef眉hrt werden; ein vorl盲ufiger K眉rzungsfaktor von 63,63% wird genannt. Der Bericht wurde am 05.09.2025 von einem Bevollm盲chtigten unter Vollmacht unterzeichnet. Der Melder weist darauf hin, dass bei ge盲nderter endg眉ltiger K眉rzung ein ge盲ndertes Formular 4 nachgereicht werden kann.
- Transaction disclosed in compliance with Section 16 reporting requirements, including price, date, and post-transaction holdings
- Sale executed pursuant to the issuer's tender offer, indicating the disposition was part of a structured corporate action rather than an open-market sale
- Filing notes possible amendment if final proration differs, showing attention to accurate reporting
- Director's beneficial ownership decreased to 364 shares following the disposition
- Initial proration is preliminary; final number of shares disposed is uncertain until an amended filing (if any) is made
Insights
TL;DR Director sold shares through a prorated tender offer; filing notes potential amendment pending final proration.
This disclosure is routine for insider activity tied to an issuer-led tender offer. The transaction was executed through the Fund's tender offer process, not an open-market disposal, which limits immediate interpretive weight regarding management confidence. The reporting person remains a small shareholder with 364 shares after the disposition. The statement that an amended Form 4 may be filed if proration changes is appropriate and consistent with Section 16 reporting obligations.
TL;DR Form 4 correctly reports a tender-offer-related disposition and flags potential amendment for proration adjustments.
From a compliance perspective the filing includes required elements: reporting person identity and relationship as director, transaction date, price, shares disposed, post-transaction holdings, and an explanatory note about the preliminary proration factor (63.63%). Signature via POA is disclosed with date. No inaccuracies or missing mandatory fields are evident in the provided content; the conditional language about a possible amended filing aligns with best practices.
Lucia DiMartino Rose, membro del consiglio di abrdn Japan Equity Fund, Inc. (JEQ), ha comunicato la vendita di azioni ordinarie in data 03/09/2025 in relazione all'offerta di riacquisto del Fondo. Il Modulo 4 indica la cessione di 636 azioni a $8,04 ciascuna, con 364 azioni ancora possedute dopo la transazione. La comunicazione precisa che le azioni vendute corrispondono a quelle presentate all'offerta del Fondo e che gli acquisti saranno riproporzionati; viene citato un fattore di riproporzionamento preliminare del 63,63%. Il rapporto 猫 stato firmato da un procuratore con procura il 05/09/2025. Il dichiarante segnala che potrebbe presentare un Modulo 4 emendato se la riproporzionamento definitivo modifica il numero di azioni vendute.
Lucia DiMartino Rose, directora de abrdn Japan Equity Fund, Inc. (JEQ), inform贸 la venta de acciones ordinarias el 03/09/2025 en relaci贸n con la oferta de recompra del Fondo. El Formulario 4 muestra la disposici贸n de 636 acciones a $8,04 por acci贸n, quedando 364 acciones con propiedad beneficiosa tras la operaci贸n. El informe explica que la venta corresponde a acciones presentadas a la oferta del Fondo y que las compras se prorratear谩n; se cita un factor de prorrateo preliminar del 63,63%. El documento fue firmado por un apoderado el 05/09/2025. El declarante indica que podr铆a presentar un Formulario 4 enmendado si el prorrateo final cambia el n煤mero vendido.
Lucia DiMartino Rose電� abrdn Japan Equity Fund, Inc. (JEQ)鞚� 鞚挫偓搿滌劀 韼�霌滌潣 瓿店皽毵れ垬(tender offer)鞕� 甏�霠晿鞐� 2025-09-03鞐� 氤错喌欤� 毵り皝鞚� 鞁犼碃頄堨姷雼堧嫟. Form 4鞐愲姅 欤茧嫻 $8.04鞐� 636欤�臧� 觳橂秳霅橃棃瓿� 瓯半灅 頉� 364欤�毳� 瓿勳啀 氤挫湢頃橁碃 鞛堧姅 瓴冹溂搿� 旮办灛霅橃柎 鞛堨姷雼堧嫟. 鞝滌稖靹滌棎電� 毵り皝鞚� 韼�霌滌潣 瓿店皽毵れ垬鞐� 鞚戫暅 欤检嫕鞛勳潉 氚濏瀳氅�, 毵れ垬電� 牍勳湪鞐� 霐半澕 氚半秳霅� 鞓堨爼鞚措澕瓿� 靹る獏霅橃柎 鞛堦碃, 鞓堧箘 氚半秳 牍勳湪搿� 63.63%臧� 鞝滌嫓霅橃柎 鞛堨姷雼堧嫟. 鞚� 氤搓碃靹滊姅 2025-09-05鞐� 鞙勳瀯鞛レ潉 臧�歆� 雽�毽澑鞐� 鞚橅暣 靹滊獏霅橃棃鞀惦媹雼�. 鞝滌稖鞛愲姅 斓滌 氚半秳 瓴瓣臣鞐� 霐半澕 毵り皝 欤检嫕 靾橁皜 氤�瓴诫悩氅� 靾橃爼霅� Form 4毳� 鞝滌稖頃� 靾� 鞛堨潓鞚� 氚濏様鞀惦媹雼�.
Lucia DiMartino Rose, administratrice d'abrdn Japan Equity Fund, Inc. (JEQ), a d茅clar茅 une vente d'actions ordinaires le 03/09/2025 en lien avec l'offre publique de rachat du Fonds. Le formulaire 4 indique la cession de 636 actions 脿 8,04 $ l'action, laissant 364 actions en possession b茅n茅ficiaire apr猫s la transaction. Le d茅p么t pr茅cise que les actions vendues ont 茅t茅 soumises 脿 l'offre du Fonds et que les achats seront proratis茅s聽; un taux de proratisation pr茅liminaire de 63,63% est mentionn茅. Le rapport a 茅t茅 sign茅 par un mandataire disposant d'une procuration le 05/09/2025. Le d茅clarant indique qu'un formulaire 4 amend茅 pourrait 锚tre d茅pos茅 si la proratisation finale modifie le nombre vendu.
Lucia DiMartino Rose, Direktorin des abrdn Japan Equity Fund, Inc. (JEQ), meldete am 03.09.2025 den Verkauf von Stammaktien im Zusammenhang mit dem R眉ckkaufangebot des Fonds. Das Formular 4 weist aus, dass 636 Aktien zu je $8,04 ver盲u脽ert wurden, wobei nach der Transaktion noch 364 Aktien beg眉nstigt gehalten werden. Die Meldung erkl盲rt, dass es sich um in das Angebot eingelieferte Aktien handelt und K盲ufe anteilig ausgef眉hrt werden; ein vorl盲ufiger K眉rzungsfaktor von 63,63% wird genannt. Der Bericht wurde am 05.09.2025 von einem Bevollm盲chtigten unter Vollmacht unterzeichnet. Der Melder weist darauf hin, dass bei ge盲nderter endg眉ltiger K眉rzung ein ge盲ndertes Formular 4 nachgereicht werden kann.
FAQ
What did JEQ director Lucia DiMartino Rose report on the Form 4?
Why were the shares sold according to the filing for JEQ (ticker JEQ)?
What is the proration factor mentioned in the JEQ Form 4?
When was the Form 4 signed and by whom?
Does the Form 4 indicate any open-market transactions for JEQ shares?
