Anthony S. Clark - Sep 3, 2025 Form 4 Insider Report for ABRDN JAPAN EQUITY FUND, INC. (JEQ)

Role: Director
Signature: /s/ Lucia Sitar by POA from Reporting Person
Stock symbol: JEQ
Transactions as of: Sep 3, 2025
Transactions value $: -$5,113
Form type: 4
Date filed: 9/5/2025, 04:20 PM
Previous filing: Aug 5, 2025
Next filing: Oct 14, 2025
SEC: View on sec.gov

Reporting Owners (1)

Name	Relationship	Address	Signature	Signature date	CIK
Clark Anthony S.	Director	C/O ABRDN, 1900 MARKET STREET, SUITE 200, PHILADELPHIA	/s/ Lucia Sitar by POA from Reporting Person	2025-09-05	0001652951

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
transaction	JEQ	Common Stock	Disposed to Issuer	-$5.11K	-636	-63.6%	$8.04	364	Sep 3, 2025	Direct	F1

* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id	Content
F1	The amount reported represents the estimated number of shares tendered to the Aberdeen Japan Equity Fund, Inc. (the "Fund") in connection with the issuer tender offer by the Fund pursuant to the Tender Offer Statement on Schedule TO filed with the Securities and Exchange Commission on August 1, 2025 (the "Tender Offer"). The Fund will purchase only a prorated portion of the shares properly tendered by each tendering stockholder. Based on a preliminary count reported by the Fund, the preliminary proration factor is 63.63%. If necessary, an amended Form 4 will be filed to report the number of shares actually disposed of by the reporting person in connection with the Tender Offer once the final proration factor is determined.

Content

The amount reported represents the estimated number of shares tendered to the Aberdeen Japan Equity Fund, Inc. (the "Fund") in connection with the issuer tender offer by the Fund pursuant to the Tender Offer Statement on Schedule TO filed with the Securities and Exchange Commission on August 1, 2025 (the "Tender Offer"). The Fund will purchase only a prorated portion of the shares properly tendered by each tendering stockholder. Based on a preliminary count reported by the Fund, the preliminary proration factor is 63.63%. If necessary, an amended Form 4 will be filed to report the number of shares actually disposed of by the reporting person in connection with the Tender Offer once the final proration factor is determined.