| Name | Relationship | Address | Signature | Signature date | CIK |
|---|---|---|---|---|---|
| Fernandes Nuno S. | President, APUS | 111 WEST CONGRESS STREET, CHARLES TOWN | /s/ Thomas Beckett, Attorney-in-Fact | 13 Nov 2025 | 0001944588 |
| Type | Sym | Class | Transaction | Value $ | Shares | Change % | * Price $ | Shares After | Date | Ownership | Footnotes |
|---|---|---|---|---|---|---|---|---|---|---|---|
| transaction | APEI | Common Stock, par value $.01 | Options Exercise | $58.6K | +5.5K | +6.69% | $10.66 | 87.7K | 12 Nov 2025 | Direct | |
| transaction | APEI | Common Stock, par value $.01 | Sale | -$191K | -5.5K | -6.27% | $34.68 | 82.2K | 12 Nov 2025 | Direct | F1 |
| 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 | -5.5K | -24.38% | $0.00 | 17.1K | 12 Nov 2025 | Common Stock | 5.5K | $10.66 | Direct | F2 |
| Id | Content |
|---|---|
| F1 | The price of $34.68 per share represents a weighted average of sale prices ranging from $34.58 to $34.805 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. |