Tanya Joy Axenson - Jul 5, 2022 Form 4 Insider Report for AMERICAN PUBLIC EDUCATION INC (APEI)

Role: SVP, Chief HR Officer
Signature: /s/ Richard W. Sunderland, Jr., Attorney-in-Fact
Stock symbol: APEI
Transactions as of: Jul 5, 2022
Transactions value $: $0
Form type: 4
Date filed: 7/7/2022, 04:37 PM
Next filing: Feb 9, 2023

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
transaction	APEI	Common Stock, par value $.01	Award	$0	+13.8K		$0.00	13.8K	Jul 5, 2022	Direct	F1

Derivative Securities (e.g., puts, calls, warrants, options, convertible securities)

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Underlying Class	Amount	Exercise Price	Ownership	Footnotes
transaction	APEI	Employee Stock Option (right to buy)	Award	$0	+10.4K		$0.00	10.4K	Jul 5, 2022	Common Stock	10.4K	$15.74	Direct	F2, F3

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

Explanation of Responses:

Id	Content
F1	Restricted Stock Units ("RSUs") granted pursuant to the American Public Education, Inc. 2017 Omnibus Incentive Plan, as amended (the "2017 Plan"). The RSUs vest in three equal annual installments commencing on July 5, 2023.
F2	Granted pursuant to the 2017 Plan.
F3	The options vest in three equal annual installments commencing on July 5, 2023.