[Form 4] abrdn Japan Equity Fund, Inc. Insider Trading Activity
Reporting person: Maher Bill, a director of Abrdn Japan Equity Fund, Inc. (JEQ), reported a disposition of common stock on 09/03/2025 in connection with the Fund's tender offer.
The Form 4 shows 2,183 shares were tendered and reported as disposed at a price of $8.04 per share. The filing states a preliminary proration factor of 63.63%, and that the Fund will purchase a prorated portion of properly tendered shares; the reporting person's beneficial ownership following the reported transaction is listed as 1,348.4984 shares. The Form 4 was signed under power of attorney by Lucia Sitar on 09/05/2025.
Persona che segnala: Maher Bill, direttore di Abrdn Japan Equity Fund, Inc. (JEQ), ha comunicato la cessione di azioni ordinarie in data 03/09/2025 in relazione all'offerta pubblica di acquisto del Fondo.
Il Modulo 4 indica che sono state offerte in adesione 2.183 azioni, vendute a $8,04 per azione. La dichiarazione riporta un fattore preliminare di riparto del 63,63% e specifica che il Fondo acquister脿 una porzione proporzionale delle azioni correttamente offerte; la partecipazione beneficiaria del dichiarante dopo l'operazione 猫 elencata come 1.348,4984 azioni. Il Modulo 4 猫 stato firmato mediante procura da Lucia Sitar il 05/09/2025.
Persona que informa: Maher Bill, director de Abrdn Japan Equity Fund, Inc. (JEQ), inform贸 la enajenaci贸n de acciones ordinarias el 03/09/2025 en relaci贸n con la oferta p煤blica de adquisici贸n del Fondo.
El Formulario 4 muestra que se ofrecieron y dieron de baja 2.183 acciones a un precio de $8,04 por acci贸n. La presentaci贸n indica un factor preliminar de prorrateo del 63,63% y que el Fondo comprar谩 una porci贸n prorrateada de las acciones correctamente ofrecidas; la propiedad beneficiaria del informante tras la transacci贸n se registra como 1.348,4984 acciones. El Formulario 4 fue firmado por poder por Lucia Sitar el 05/09/2025.
氤搓碃鞛�: Maher Bill電� Abrdn Japan Equity Fund, Inc. (JEQ)鞚� 鞚挫偓搿滌劀 韼�霌滌潣 瓿店皽毵れ垬鞕� 甏�霠晿鞐� 2025-09-03鞐� 氤错喌欤� 觳橂秳鞚� 鞁犼碃頄堨姷雼堧嫟.
Form 4鞐愲姅 2,183欤�臧� 鞝滌稖(tendered)霅橃柎 欤茧嫻 $8.04鞐� 觳橂秳霅� 瓴冹溂搿� 旮办灛霅橃柎 鞛堨姷雼堧嫟. 鞁犼碃靹滌棎電� 鞓堧箘 氚半秳 牍勳湪鞚� 63.63%搿� 響滌嫓霅橃柎 鞛堨溂氅�, 韼�霌滊姅 鞝侂矔頃橁矊 鞝滌稖霅� 欤检嫕鞚� 牍勲 氚半秳攵勳潉 毵れ瀰頃� 瓴冹澊霛缄碃 氇呾嫓霅橃柎 鞛堨姷雼堧嫟. 鞁犼碃鞛愳潣 瓯半灅 頉� 鞁れ 氤挫湢電� 1,348.4984欤�搿� 旮办灛霅橃柎 鞛堨姷雼堧嫟. Form 4電� 2025-09-05鞐� Lucia Sitar鞚� 鞙勳瀯鞛� 靹滊獏鞙茧 鞝滌稖霅橃棃鞀惦媹雼�.
Personne d茅clarant: Maher Bill, administrateur d'Abrdn Japan Equity Fund, Inc. (JEQ), a signal茅 une cession d'actions ordinaires le 03/09/2025 dans le cadre de l'offre publique du Fonds.
Le Formulaire 4 indique que 2 183 actions ont 茅t茅 propos茅es et d茅clar茅es c茅d茅es au prix de 8,04 $ par action. Le d茅p么t mentionne un facteur de prorata pr茅liminaire de 63,63% et pr茅cise que le Fonds ach猫tera une part proratis茅e des actions valablement offertes ; la d茅tention b茅n茅ficiaire de la personne d茅clarante apr猫s l'op茅ration est inscrite 脿 1 348,4984 actions. Le Formulaire 4 a 茅t茅 sign茅 par procuration par Lucia Sitar le 05/09/2025.
Meldende Person: Maher Bill, Direktor von Abrdn Japan Equity Fund, Inc. (JEQ), meldete am 03.09.2025 die Ver盲u脽erung von Stammaktien im Zusammenhang mit dem 脺bernahmeangebot des Fonds.
Dem Formular 4 zufolge wurden 2.183 Aktien angeboten und zu einem Preis von $8,04 pro Aktie ver盲u脽ert. Die Einreichung nennt einen vorl盲ufigen Quotierungsfaktor von 63,63% und stellt fest, dass der Fonds einen anteiligen Anteil der ordnungsgem盲脽 eingereichten Aktien erwerben wird; das wirtschaftliche Eigentum der meldenden Person nach der Transaktion wird mit 1.348,4984 Aktien angegeben. Das Formular 4 wurde am 05.09.2025 von Lucia Sitar per Vollmacht unterzeichnet.
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Insights
TL;DR: Director sold 2,183 shares via the Fund's tender offer at $8.04 with a 63.63% preliminary proration.
The filing documents a routine disposition effected through the issuer's tender offer rather than an open-market sale. The reported price is $8.04 per share and the transaction date is 09/03/2025. The preliminary proration factor of 63.63% means the Fund expects to accept a prorated portion of shares tendered; the filer notes a potential amendment once final proration is determined. This is a mechanistic, non-discretionary outcome of the tender offer process and does not by itself indicate an information-based trading signal.
TL;DR: Insider participation in issuer tender offer documented; signature by POA is properly disclosed.
The Form 4 identifies Maher Bill as a director and discloses disposition under the Fund's tender offer, with the Form executed via power of attorney by Lucia Sitar on 09/05/2025. The filing transparently states the reason for the disposal (tender offer) and flags that final share counts may change pending the final proration factor. From a governance perspective, the disclosure aligns with Section 16 reporting requirements and includes the required explanatory note about proration and potential amendment.
Persona che segnala: Maher Bill, direttore di Abrdn Japan Equity Fund, Inc. (JEQ), ha comunicato la cessione di azioni ordinarie in data 03/09/2025 in relazione all'offerta pubblica di acquisto del Fondo.
Il Modulo 4 indica che sono state offerte in adesione 2.183 azioni, vendute a $8,04 per azione. La dichiarazione riporta un fattore preliminare di riparto del 63,63% e specifica che il Fondo acquister脿 una porzione proporzionale delle azioni correttamente offerte; la partecipazione beneficiaria del dichiarante dopo l'operazione 猫 elencata come 1.348,4984 azioni. Il Modulo 4 猫 stato firmato mediante procura da Lucia Sitar il 05/09/2025.
Persona que informa: Maher Bill, director de Abrdn Japan Equity Fund, Inc. (JEQ), inform贸 la enajenaci贸n de acciones ordinarias el 03/09/2025 en relaci贸n con la oferta p煤blica de adquisici贸n del Fondo.
El Formulario 4 muestra que se ofrecieron y dieron de baja 2.183 acciones a un precio de $8,04 por acci贸n. La presentaci贸n indica un factor preliminar de prorrateo del 63,63% y que el Fondo comprar谩 una porci贸n prorrateada de las acciones correctamente ofrecidas; la propiedad beneficiaria del informante tras la transacci贸n se registra como 1.348,4984 acciones. El Formulario 4 fue firmado por poder por Lucia Sitar el 05/09/2025.
氤搓碃鞛�: Maher Bill電� Abrdn Japan Equity Fund, Inc. (JEQ)鞚� 鞚挫偓搿滌劀 韼�霌滌潣 瓿店皽毵れ垬鞕� 甏�霠晿鞐� 2025-09-03鞐� 氤错喌欤� 觳橂秳鞚� 鞁犼碃頄堨姷雼堧嫟.
Form 4鞐愲姅 2,183欤�臧� 鞝滌稖(tendered)霅橃柎 欤茧嫻 $8.04鞐� 觳橂秳霅� 瓴冹溂搿� 旮办灛霅橃柎 鞛堨姷雼堧嫟. 鞁犼碃靹滌棎電� 鞓堧箘 氚半秳 牍勳湪鞚� 63.63%搿� 響滌嫓霅橃柎 鞛堨溂氅�, 韼�霌滊姅 鞝侂矔頃橁矊 鞝滌稖霅� 欤检嫕鞚� 牍勲 氚半秳攵勳潉 毵れ瀰頃� 瓴冹澊霛缄碃 氇呾嫓霅橃柎 鞛堨姷雼堧嫟. 鞁犼碃鞛愳潣 瓯半灅 頉� 鞁れ 氤挫湢電� 1,348.4984欤�搿� 旮办灛霅橃柎 鞛堨姷雼堧嫟. Form 4電� 2025-09-05鞐� Lucia Sitar鞚� 鞙勳瀯鞛� 靹滊獏鞙茧 鞝滌稖霅橃棃鞀惦媹雼�.
Personne d茅clarant: Maher Bill, administrateur d'Abrdn Japan Equity Fund, Inc. (JEQ), a signal茅 une cession d'actions ordinaires le 03/09/2025 dans le cadre de l'offre publique du Fonds.
Le Formulaire 4 indique que 2 183 actions ont 茅t茅 propos茅es et d茅clar茅es c茅d茅es au prix de 8,04 $ par action. Le d茅p么t mentionne un facteur de prorata pr茅liminaire de 63,63% et pr茅cise que le Fonds ach猫tera une part proratis茅e des actions valablement offertes ; la d茅tention b茅n茅ficiaire de la personne d茅clarante apr猫s l'op茅ration est inscrite 脿 1 348,4984 actions. Le Formulaire 4 a 茅t茅 sign茅 par procuration par Lucia Sitar le 05/09/2025.
Meldende Person: Maher Bill, Direktor von Abrdn Japan Equity Fund, Inc. (JEQ), meldete am 03.09.2025 die Ver盲u脽erung von Stammaktien im Zusammenhang mit dem 脺bernahmeangebot des Fonds.
Dem Formular 4 zufolge wurden 2.183 Aktien angeboten und zu einem Preis von $8,04 pro Aktie ver盲u脽ert. Die Einreichung nennt einen vorl盲ufigen Quotierungsfaktor von 63,63% und stellt fest, dass der Fonds einen anteiligen Anteil der ordnungsgem盲脽 eingereichten Aktien erwerben wird; das wirtschaftliche Eigentum der meldenden Person nach der Transaktion wird mit 1.348,4984 Aktien angegeben. Das Formular 4 wurde am 05.09.2025 von Lucia Sitar per Vollmacht unterzeichnet.
FAQ
What shares did Maher Bill report selling in the JEQ Form 4?
Why were the shares disposed according to the Form 4?
What is the preliminary proration factor reported in the filing?
How many JEQ shares does the reporting person own after the transaction?
Who signed the Form 4 and when?
