| 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 | $58,630 | +5,500 | +6.7% | $10.66 | 87,749 | 12 Nov 2025 | Direct | |
| transaction | APEI | Common Stock, par value $.01 | Sale | $190,740 | -5,500 | -6.3% | $34.68 | 82,249 | 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 | -5,500 | -24% | $0.000000 | 17,056 | 12 Nov 2025 | Common Stock | 5,500 | $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. |