Thomas M. Slagle - 01 Sep 2021 Form 4 Insider Report for AMERICAN PUBLIC EDUCATION INC (APEI)

Role: CEO, Rasmussen
Signature: /s/ Richard W. Sunderland, Jr., Attorney-in-Fact
Issuer symbol: APEI
Transactions as of: 01 Sep 2021
Net transactions value: $0
Form type: 4
Filing time: 02 Sep 2021, 18:59:45 UTC
Next filing: 10 Mar 2022
SEC: View on sec.gov

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
transaction	APEI	Common Stock, par value $.01	Award	$0	+12,554		$0.000000	12,554	01 Sep 2021	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	+9,921		$0.000000	9,921	01 Sep 2021	Common Stock	9,921	$26.20	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 (the "2017 Plan"). The RSUs vest in three equal annual installments commencing on September 1, 2022
F2	Granted pursuant to the 2017 Plan.
F3	The options vest in three equal annual installments commencing on September 1, 2022.