Daniel S. Pianko - 23 May 2025 Form 4 Insider Report for AMERICAN PUBLIC EDUCATION INC (APEI)

Role: Director
Signature: /s/ Richard W. Sunderland, Jr., Attorney-in-Fact
Issuer symbol: APEI
Transactions as of: 23 May 2025
Net transactions value: $0
Form type: 4
Filing time: 27 May 2025, 16:13:30 UTC
Previous filing: 20 May 2024
Next filing: 05 Jan 2026
SEC: View on sec.gov

Reporting Owners (1)

Name	Relationship	Address	Signature	Signature date	CIK
Pianko Daniel S.	Director	111 WEST CONGRESS STREET, CHARLES TOWN	/s/ Richard W. Sunderland, Jr., Attorney-in-Fact	27 May 2025	0001814086

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
transaction	APEI	Common Stock, par value $.01	Award	$0	+3,752	+14%	$0.000000	29,641	23 May 2025	Direct	F1

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

Explanation of Responses:

Id	Content
F1	Under the director compensation policy for non-employee directors of American Public Education, Inc., each non-employee director receives an annual equity award of restricted stock at each annual meeting of stockholders that vests on the earlier to occur of the anniversary of the award date and the next annual meeting of stockholders. The reporting person has elected to defer receipt of the shares until June 1, 2027, resulting in the issuance of deferred stock units to the reporting person rather than restricted shares.

Content

Under the director compensation policy for non-employee directors of American Public Education, Inc., each non-employee director receives an annual equity award of restricted stock at each annual meeting of stockholders that vests on the earlier to occur of the anniversary of the award date and the next annual meeting of stockholders. The reporting person has elected to defer receipt of the shares until June 1, 2027, resulting in the issuance of deferred stock units to the reporting person rather than restricted shares.