[Form 4] abrdn Japan Equity Fund, Inc. Insider Trading Activity
Ajmera Radhika, a director of ABRDN Japan Equity Fund, Inc. (JEQ), reported a disposition of 1,090 shares of JEQ on 09/03/2025 at a price of $8.04 per share. The sale was made in connection with the Fund's issuer tender offer described in the Schedule TO filed August 1, 2025, and the reporting person notes the Fund will purchase a prorated portion of tendered shares. A preliminary proration factor of 63.63% is reported and the form states an amended Form 4 will be filed if needed to reflect the final proration. Following the reported transaction the filing shows 623.8527 shares beneficially owned, held directly. The Form 4 was signed by Lucia Sitar as POA on 09/05/2025.
Ajmera Radhika, amministratrice di ABRDN Japan Equity Fund, Inc. (JEQ), ha segnalato la cessione di 1.090 azioni JEQ in data 09/03/2025 al prezzo di $8.04 per azione. La vendita 猫 stata effettuata in relazione all'offerta di acquisto dell'emittente descritta nello Schedule TO depositato il 1掳 agosto 2025; la dichiarante osserva che il Fondo acquister脿 una quota proporzionale delle azioni offerte in opzione. 脠 riportato un fattore di riproporzionamento preliminare del 63,63% e il modulo indica che verr脿 presentato un Form 4 emendato, se necessario, per riflettere la riproporzionamento finale. Dopo l'operazione segnalata il deposito indica la detenzione beneficiaria di 623,8527 azioni, detenute direttamente. Il Form 4 猫 stato firmato da Lucia Sitar in qualit脿 di POA il 09/05/2025.
Ajmera Radhika, directora de ABRDN Japan Equity Fund, Inc. (JEQ), inform贸 la enajenaci贸n de 1.090 acciones de JEQ el 09/03/2025 a un precio de $8.04 por acci贸n. La venta se realiz贸 en relaci贸n con la oferta de compra del emisor descrita en el Schedule TO presentado el 1 de agosto de 2025, y la informante se帽ala que el Fondo comprar谩 una porci贸n prorrateada de las acciones ofrecidas. Se reporta un factor de prorrateo preliminar del 63,63% y el formulario indica que se presentar谩 un Form 4 enmendado, si es necesario, para reflejar el prorrateo final. Tras la transacci贸n registrada, el documento muestra la tenencia beneficiaria de 623,8527 acciones, mantenidas directamente. El Form 4 fue firmado por Lucia Sitar como POA el 09/05/2025.
Ajmera Radhika電� ABRDN Japan Equity Fund, Inc.(JEQ)鞚� 鞚挫偓搿滌劀 2025-09-03鞐� JEQ 欤检嫕 1,090欤茧ゼ 欤茧嫻 $8.04鞐� 觳橂秳頄堧嫟瓿� 氤搓碃頄堨姷雼堧嫟. 鞚措矆 毵り皝鞚� 2025雲� 8鞗� 1鞚� 鞝滌稖霅� Schedule TO鞐� 靹る獏霅� 韼�霌滌潣 氚滍枆鞛� 瓿店皽毵れ垬(issuer tender offer)鞕� 甏�霠悳 瓴冹溂搿�, 氤搓碃鞛愲姅 韼�霌滉皜 鞚戨霅� 欤检嫕鞚� 牍勲 氚半秳(prorated)霅� 鞚茧秬毳� 毵れ垬頃� 瓴冹澊霛缄碃 氇呾嫓頄堨姷雼堧嫟. 鞓堧箘 氚半秳 牍勳湪搿� 63.63%臧� 氤搓碃霅橃棃鞙茧┌, 斓滌 氚半秳鞚� 氚橃榿頃橁赴 鞙勴暣 頃勳殧 鞁� 靾橃爼霅� Form 4臧� 鞝滌稖霅� 瓴冹澊霛缄碃 旮办灛霅橃柎 鞛堨姷雼堧嫟. 氤搓碃霅� 瓯半灅 頉� 氤挫湢 鞁れ靾橃澋甓岇潃 623.8527欤检澊瓿�, 歆侅为 氤挫湢 欷戩瀰雼堧嫟. Form 4電� 2025-09-05鞐� Lucia Sitar臧� POA搿� 靹滊獏頄堨姷雼堧嫟.
Ajmera Radhika, administratrice d'ABRDN Japan Equity Fund, Inc. (JEQ), a d茅clar茅 la cession de 1 090 actions JEQ le 09/03/2025 au prix de 8,04 $ par action. La vente a 茅t茅 effectu茅e dans le cadre de l'offre publique d'achat de l'茅metteur d茅crite dans le Schedule TO d茅pos茅 le 1er ao没t 2025 ; la d茅clarente pr茅cise que le Fonds ach猫tera une portion proratis茅e des actions pr茅sent茅es. Un facteur de proratisation pr茅liminaire de 63,63% est indiqu茅 et le formulaire pr茅cise qu'un Form 4 modifi茅 sera d茅pos茅 si n茅cessaire pour refl茅ter la proratisation finale. Apr猫s la transaction signal茅e, le dossier indique une d茅tention b茅n茅ficiaire de 623,8527 actions, d茅tenues directement. Le Form 4 a 茅t茅 sign茅 par Lucia Sitar en tant que POA le 09/05/2025.
Ajmera Radhika, Direktorin von ABRDN Japan Equity Fund, Inc. (JEQ), meldete am 09/03/2025 die Ver盲u脽erung von 1.090 JEQ-Aktien zu $8.04 je Aktie. Der Verkauf erfolgte im Zusammenhang mit dem Emittenten-Angebot (issuer tender offer), das im Schedule TO vom 1. August 2025 beschrieben ist; die Meldende weist darauf hin, dass der Fonds einen anteiligen (prorated) Teil der angebotenen Aktien kaufen wird. Ein vorl盲ufiger Quotierungsfaktor von 63,63% wird angegeben, und im Formular hei脽t es, dass gegebenenfalls ein berichtigtes Form 4 zur Abbildung der endg眉ltigen Quotierung eingereicht wird. Nach der gemeldeten Transaktion werden 623,8527 Aktien als wirtschaftlich gehalten angegeben, gehalten direkt. Das Form 4 wurde am 09/05/2025 von Lucia Sitar als POA unterzeichnet.
- Transaction executed via issuer tender offer, reducing likelihood the sale reflects undisclosed private information
- Filing discloses preliminary proration factor (63.63%) and commits to amend if final proration changes, supporting transparency
- Timely disclosure filed and signed by POA within two days of the transaction date
- None.
Insights
TL;DR: Director sold 1,090 JEQ shares via the issuer's tender offer; transaction appears procedural and subject to proration.
The transaction is a direct disposition executed under the issuer's tender offer rather than an open-market trade, which reduces the risk that the sale signals private negative information. The reported preliminary proration factor of 63.63% means the Fund will only purchase a prorated portion of tendered shares; the filer may therefore tender more shares than were ultimately purchased. The filing explicitly states an amended Form 4 will be filed if the final proration differs, which preserves disclosure accuracy. Ownership post-transaction is reported as 623.8527 shares directly held.
TL;DR: Insider disposal was executed through a corporate tender offer; disclosure is timely and includes proration caveat.
This Form 4 documents a routine compliance disclosure for a director participating in an issuer-sponsored tender offer. The filing identifies the transaction date, price ($8.04), and the preliminary proration factor (63.63%), and it notes a possible amendment to reconcile final share quantities. The signature by a power of attorney on 09/05/2025 fulfills the filing execution requirement. There are no other governance actions or departures disclosed.
Ajmera Radhika, amministratrice di ABRDN Japan Equity Fund, Inc. (JEQ), ha segnalato la cessione di 1.090 azioni JEQ in data 09/03/2025 al prezzo di $8.04 per azione. La vendita 猫 stata effettuata in relazione all'offerta di acquisto dell'emittente descritta nello Schedule TO depositato il 1掳 agosto 2025; la dichiarante osserva che il Fondo acquister脿 una quota proporzionale delle azioni offerte in opzione. 脠 riportato un fattore di riproporzionamento preliminare del 63,63% e il modulo indica che verr脿 presentato un Form 4 emendato, se necessario, per riflettere la riproporzionamento finale. Dopo l'operazione segnalata il deposito indica la detenzione beneficiaria di 623,8527 azioni, detenute direttamente. Il Form 4 猫 stato firmato da Lucia Sitar in qualit脿 di POA il 09/05/2025.
Ajmera Radhika, directora de ABRDN Japan Equity Fund, Inc. (JEQ), inform贸 la enajenaci贸n de 1.090 acciones de JEQ el 09/03/2025 a un precio de $8.04 por acci贸n. La venta se realiz贸 en relaci贸n con la oferta de compra del emisor descrita en el Schedule TO presentado el 1 de agosto de 2025, y la informante se帽ala que el Fondo comprar谩 una porci贸n prorrateada de las acciones ofrecidas. Se reporta un factor de prorrateo preliminar del 63,63% y el formulario indica que se presentar谩 un Form 4 enmendado, si es necesario, para reflejar el prorrateo final. Tras la transacci贸n registrada, el documento muestra la tenencia beneficiaria de 623,8527 acciones, mantenidas directamente. El Form 4 fue firmado por Lucia Sitar como POA el 09/05/2025.
Ajmera Radhika電� ABRDN Japan Equity Fund, Inc.(JEQ)鞚� 鞚挫偓搿滌劀 2025-09-03鞐� JEQ 欤检嫕 1,090欤茧ゼ 欤茧嫻 $8.04鞐� 觳橂秳頄堧嫟瓿� 氤搓碃頄堨姷雼堧嫟. 鞚措矆 毵り皝鞚� 2025雲� 8鞗� 1鞚� 鞝滌稖霅� Schedule TO鞐� 靹る獏霅� 韼�霌滌潣 氚滍枆鞛� 瓿店皽毵れ垬(issuer tender offer)鞕� 甏�霠悳 瓴冹溂搿�, 氤搓碃鞛愲姅 韼�霌滉皜 鞚戨霅� 欤检嫕鞚� 牍勲 氚半秳(prorated)霅� 鞚茧秬毳� 毵れ垬頃� 瓴冹澊霛缄碃 氇呾嫓頄堨姷雼堧嫟. 鞓堧箘 氚半秳 牍勳湪搿� 63.63%臧� 氤搓碃霅橃棃鞙茧┌, 斓滌 氚半秳鞚� 氚橃榿頃橁赴 鞙勴暣 頃勳殧 鞁� 靾橃爼霅� Form 4臧� 鞝滌稖霅� 瓴冹澊霛缄碃 旮办灛霅橃柎 鞛堨姷雼堧嫟. 氤搓碃霅� 瓯半灅 頉� 氤挫湢 鞁れ靾橃澋甓岇潃 623.8527欤检澊瓿�, 歆侅为 氤挫湢 欷戩瀰雼堧嫟. Form 4電� 2025-09-05鞐� Lucia Sitar臧� POA搿� 靹滊獏頄堨姷雼堧嫟.
Ajmera Radhika, administratrice d'ABRDN Japan Equity Fund, Inc. (JEQ), a d茅clar茅 la cession de 1 090 actions JEQ le 09/03/2025 au prix de 8,04 $ par action. La vente a 茅t茅 effectu茅e dans le cadre de l'offre publique d'achat de l'茅metteur d茅crite dans le Schedule TO d茅pos茅 le 1er ao没t 2025 ; la d茅clarente pr茅cise que le Fonds ach猫tera une portion proratis茅e des actions pr茅sent茅es. Un facteur de proratisation pr茅liminaire de 63,63% est indiqu茅 et le formulaire pr茅cise qu'un Form 4 modifi茅 sera d茅pos茅 si n茅cessaire pour refl茅ter la proratisation finale. Apr猫s la transaction signal茅e, le dossier indique une d茅tention b茅n茅ficiaire de 623,8527 actions, d茅tenues directement. Le Form 4 a 茅t茅 sign茅 par Lucia Sitar en tant que POA le 09/05/2025.
Ajmera Radhika, Direktorin von ABRDN Japan Equity Fund, Inc. (JEQ), meldete am 09/03/2025 die Ver盲u脽erung von 1.090 JEQ-Aktien zu $8.04 je Aktie. Der Verkauf erfolgte im Zusammenhang mit dem Emittenten-Angebot (issuer tender offer), das im Schedule TO vom 1. August 2025 beschrieben ist; die Meldende weist darauf hin, dass der Fonds einen anteiligen (prorated) Teil der angebotenen Aktien kaufen wird. Ein vorl盲ufiger Quotierungsfaktor von 63,63% wird angegeben, und im Formular hei脽t es, dass gegebenenfalls ein berichtigtes Form 4 zur Abbildung der endg眉ltigen Quotierung eingereicht wird. Nach der gemeldeten Transaktion werden 623,8527 Aktien als wirtschaftlich gehalten angegeben, gehalten direkt. Das Form 4 wurde am 09/05/2025 von Lucia Sitar als POA unterzeichnet.
FAQ
What did Ajmera Radhika report on Form 4 for JEQ?
Why were the JEQ shares sold on the Form 4?
What proration factor is mentioned in the Form 4?
How many JEQ shares does the reporting person own after the reported transaction?
Who signed the Form 4 and when?
