Nuno S. Fernandes - 14 May 2025 Form 4 Insider Report for AMERICAN PUBLIC EDUCATION INC (APEI)

Role: President, APUS
Signature: /s/ Richard W. Sunderland, Jr., Attorney-in-Fact
Issuer symbol: APEI
Transactions as of: 14 May 2025
Net transactions value: -$197,180
Form type: 4
Filing time: 15 May 2025, 16:24:00 UTC
Previous filing: 05 Mar 2025
Next filing: 03 Sep 2025
SEC: View on sec.gov

Reporting Owners (1)

Name	Relationship	Address	Signature	Signature date	CIK
Fernandes Nuno S.	President, APUS	111 WEST CONGRESS STREET, CHARLES TOWN	/s/ Richard W. Sunderland, Jr., Attorney-in-Fact	15 May 2025	0001944588

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
transaction	APEI	Common Stock, par value $.01	Sale	$197,180	-7,272	-7.8%	$27.12	85,459	14 May 2025	Direct	F1

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

Explanation of Responses:

Id	Content
F1	The price of $27.115 per share represents a weighted average of sale prices ranging from $27.01 to $27.29 per share. The reporting person undertakes to provide upon request by the Commission staff, the issuer, or a security holder of the issuer full information regarding the number of shares sold at each separate price.