Bill Maher - 03 Sep 2025 Form 4/A - Amendment Insider Report for ABRDN JAPAN EQUITY FUND, INC. (JEQ)

Role: Director
Signature: /s/ Lucia Sitar, by POA from Reporting Person
Issuer symbol: JEQ
Transactions as of: 03 Sep 2025
Net transactions value: -$17,543
Form type: 4/A - Amendment
Filing time: 10 Oct 2025, 11:00:03 UTC
Date Of Original Report: 05 Sep 2025
Previous filing: 27 Aug 2024
Next filing: 14 Oct 2025
SEC: View on sec.gov

Reporting Owners (1)

Name	Relationship	Address	Signature	Signature date	CIK
Maher Bill	Director	C/O ABRDN, 1900 MARKET STREET, SUITE 200, PHILADELPHIA	/s/ Lucia Sitar, by POA from Reporting Person	10 Oct 2025	0001289076

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
transaction	JEQ	Common Stock	Disposed to Issuer	$4,133	-514	-64%	$8.04	295	03 Sep 2025	By spouse	F1, F2
transaction	JEQ	Common Stock	Disposed to Issuer	$8,297	-1,032	-64%	$8.04	590	03 Sep 2025	By Self as Owner of Maher/Goldhammer Revocable Trust	F1, F2
transaction	JEQ	Common Stock	Disposed to Issuer	$5,113	-636	-64%	$8.04	364	03 Sep 2025	Direct	F1, F2

* 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 abrdn 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 purchased only a prorated portion of the shares properly tendered by each tendering stockholder. The final proration factor for the Tender Offer is 63.61%.
F2	This Form 4 amends and restates in its entirety the Form 4 filed on 9/05/2025, to reflect that the total amount of securities beneficially owned following the reported transactions should have been 1,249.4984, rather than 1,348.4984, and to correct disclosure with respect to the ownership form of the securities and the nature of direct and indirect beneficial ownership. This amendment corrects an administrative error.

Content

The amount reported represents the estimated number of shares tendered to the abrdn 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 purchased only a prorated portion of the shares properly tendered by each tendering stockholder. The final proration factor for the Tender Offer is 63.61%.

This Form 4 amends and restates in its entirety the Form 4 filed on 9/05/2025, to reflect that the total amount of securities beneficially owned following the reported transactions should have been 1,249.4984, rather than 1,348.4984, and to correct disclosure with respect to the ownership form of the securities and the nature of direct and indirect beneficial ownership. This amendment corrects an administrative error.