Nuno S. Fernandes - 16 Mar 2026 Form 4 Insider Report for AMERICAN PUBLIC EDUCATION INC (APEI)

Role: President, APUS
Signature: /s/ Edward Codispoti, Attorney-in-Fact
Issuer symbol: APEI
Transactions as of: 16 Mar 2026
Net transactions value: -$350,129
Form type: 4
Filing time: 17 Mar 2026, 17:10:17 UTC
Previous filing: 12 Mar 2026
SEC: View on sec.gov

Reporting Owners (1)

Name	Relationship	Address	Signature	Signature date	CIK
Fernandes Nuno S.	President, APUS	111 WEST CONGRESS STREET, CHARLES TOWN	/s/ Edward Codispoti, Attorney-in-Fact	17 Mar 2026	0001944588

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
transaction	APEI	Common Stock, par value $.01	Sale	$350,129	-6,500	-7.2%	$53.87	84,175	16 Mar 2026	Direct	F1

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

Explanation of Responses:

Id	Content
F1	The price of $53.866 per share represents a weighted average of sale prices ranging from $53.7401 to $54.12 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.