Tanya Joy Axenson - 12 Nov 2025 Form 4 Insider Report for AMERICAN PUBLIC EDUCATION INC (APEI)

Signature
/s/ Thomas Beckett, Attorney-in-Fact
Issuer symbol
APEI
Transactions as of
12 Nov 2025
Net transactions value
-$197,191
Form type
4
Filing time
13 Nov 2025, 16:06:43 UTC
Previous filing
08 Jul 2025
Next filing
03 Feb 2026

Reporting Owners (1)

Name Relationship Address Signature Signature date CIK
Axenson Tanya Joy SVP, Chief HR Officer 111 WEST CONGRESS STREET, CHARLES TOWN /s/ Thomas Beckett, Attorney-in-Fact 13 Nov 2025 0001936605

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction APEI Common Stock, par value $.01 Options Exercise $163,114 +10,363 +18% $15.74 68,766 12 Nov 2025 Direct
transaction APEI Common Stock, par value $.01 Sale $360,305 -10,363 -15% $34.77 58,403 12 Nov 2025 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) Options Exercise $0 -10,363 -100% $0.000000 0 12 Nov 2025 Common Stock 10,363 $15.74 Direct F2
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 The price of $34.7684 per share represents a weighted average of sale prices ranging from $34.595 to $34.915 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.
F2 As of the date hereof, all options relating to the underlying shares have vested and are exercisable.