Key facts
- This page summarizes Michael D. Braner's Form 4 filing for AMERICAN PUBLIC EDUCATION INC (APEI).
- 1 reported transaction and 0 derivative rows are listed below.
- Accepted by SEC: 27 May 2026, 16:24.
Michael D. Braner - 22 May 2026 Form 4 Insider Report for AMERICAN PUBLIC EDUCATION INC (APEI)
- Reporting relationship
- Director, Other*
- Issuer ticker
- APEI
- Reported as of
- 22 May 2026
- Net transaction value
- $0
- SEC form
- 4
- Accepted by SEC
- 27 May 2026, 16:24:36 UTC
- Prior SEC filing
- 27 May 2025
- Source filing
- View source filing
- Reporting owner signature
- /s/ Michael D. Braner
Source evidence
Original filing metadata and source links for verification.
4 source fields
Reporting owner
1 detail
Key filing fact
Michael D. Braner filed Form 4 for AMERICAN PUBLIC EDUCATION INC (APEI) on 27 May 2026.
Change
- Previous filing in this sequence was filed on 27 May 2025.
- Current net transaction value: $0.
Research use
- This tells you what this filing adds before you inspect full transaction and derivative tables.
- You can trace every row back to the original SEC filing document.
Evidence
Filed on Form 4
View source filing
Ownership activity is grounded in SEC Form 4 disclosures.
Reporting Owners (6)
CIK 0001908015
Primary reporting owner
Braner Michael David
- Relationship
- Director, Other*
- Address
- 757 THIRD AVENUE, 20TH FLOOR, NEW YORK
- Signature
- /s/ Michael D. Braner
- Signature date
- 27 May 2026
CIK 0001972759
325 Capital Master Fund LP
- Relationship
- Other*
- Address
- 190 ELGIN AVENUE, GEORGE TOWN, GRAND CAYMAN, CAYMAN ISLANDS
- Signature
- 325 Master Fund LP, By /s/ Michael D. Braner, Name: Michael D. Braner, Title: Managing Member
- Signature date
- 27 May 2026
CIK 0001972758
325 Capital GP, LLC
- Relationship
- Other*
- Address
- 757 THIRD AVENUE, 20TH FLOOR, NEW YORK
- Signature
- 325 Capital GP, LLC, By /s/ Michael D. Braner, Name: Michael D. Braner, Title: Managing Member
- Signature date
- 27 May 2026
CIK 0001448795
FRIEDBERG DANIEL M.
- Relationship
- Other*
- Address
- 757 THIRD AVENUE, 20TH FLOOR, NEW YORK
- Signature
- /s/ Daniel M. Friedberg
- Signature date
- 27 May 2026
CIK 0001908019
Shrivastava Anil K
- Relationship
- Other*
- Address
- 757 THIRD AVENUE, 20TH FLOOR, NEW YORK
- Signature
- /s/ Anil Shrivastava
- Signature date
- 27 May 2026
CIK 0001873893
325 CAPITAL LLC
- Relationship
- Other*
- Address
- 757 THIRD AVENUE, 20TH FLOOR, NEW YORK
- Signature
- 325 Capital LLC, By: /s/ Michael D. Braner, Name: Michael D. Braner, Title: Managing Member
- Signature date
- 27 May 2026
Reported non-derivative transactions
Shares, units, or other non-derivative securities reported in this filing.
APEI
transaction
Common stock, $.01 par value
Award
- Transaction value
- Shares
- +2,135
- Change %
- +9.2%
- Price
- $0.000000*
- Shares after
- 25,380
- Date
- 22 May 2026
- Ownership
- Direct
- Footnotes
- F1, F2, F3
APEI
transaction
Common stock, $.01 par value
Award
- Transaction value
- Shares
- +2,135
- Change %
- +9.2%
- Price
- $0.000000*
- Shares after
- 25,380
- Date
- 22 May 2026
- Ownership
- Direct
- Footnotes
- F1, F2, F3
APEI
transaction
Common stock, $.01 par value
Award
- Transaction value
- Shares
- +2,135
- Change %
- +9.2%
- Price
- $0.000000*
- Shares after
- 25,380
- Date
- 22 May 2026
- Ownership
- Direct
- Footnotes
- F1, F2, F3
APEI
transaction
Common stock, $.01 par value
Award
- Transaction value
- Shares
- +2,135
- Change %
- +9.2%
- Price
- $0.000000*
- Shares after
- 25,380
- Date
- 22 May 2026
- Ownership
- Direct
- Footnotes
- F1, F2, F3
APEI
transaction
Common stock, $.01 par value
Award
- Transaction value
- Shares
- +2,135
- Change %
- +9.2%
- Price
- $0.000000*
- Shares after
- 25,380
- Date
- 22 May 2026
- Ownership
- Direct
- Footnotes
- F1, F2, F3
APEI
transaction
Common stock, $.01 par value
Award
- Transaction value
- Shares
- +2,135
- Change %
- +9.2%
- Price
- $0.000000*
- Shares after
- 25,380
- Date
- 22 May 2026
- Ownership
- Direct
- Footnotes
- F1, F2, F3
APEI
holding
Common stock, $.01 par value
No transaction description listed
- Transaction value
- Shares
- Change %
- Price
- Shares after
- 836,234
- Date
- 22 May 2026
- Ownership
- By: 325 Capital LLC
- Footnotes
- F1, F4
APEI
holding
Common stock, $.01 par value
No transaction description listed
- Transaction value
- Shares
- Change %
- Price
- Shares after
- 836,234
- Date
- 22 May 2026
- Ownership
- By: 325 Capital LLC
- Footnotes
- F1, F4
APEI
holding
Common stock, $.01 par value
No transaction description listed
- Transaction value
- Shares
- Change %
- Price
- Shares after
- 836,234
- Date
- 22 May 2026
- Ownership
- By: 325 Capital LLC
- Footnotes
- F1, F4
APEI
holding
Common stock, $.01 par value
No transaction description listed
- Transaction value
- Shares
- Change %
- Price
- Shares after
- 836,234
- Date
- 22 May 2026
- Ownership
- By: 325 Capital LLC
- Footnotes
- F1, F4
APEI
holding
Common stock, $.01 par value
No transaction description listed
- Transaction value
- Shares
- Change %
- Price
- Shares after
- 836,234
- Date
- 22 May 2026
- Ownership
- By: 325 Capital LLC
- Footnotes
- F1, F4
APEI
holding
Common stock, $.01 par value
No transaction description listed
- Transaction value
- Shares
- Change %
- Price
- Shares after
- 836,234
- Date
- 22 May 2026
- Ownership
- By: 325 Capital LLC
- Footnotes
- F1, F4
APEI
holding
Common stock, $.01 par value
No transaction description listed
- Transaction value
- Shares
- Change %
- Price
- Shares after
- 347,498
- Date
- 22 May 2026
- Ownership
- By: 325 Capital Master Fund LP
- Footnotes
- F1, F5
APEI
holding
Common stock, $.01 par value
No transaction description listed
- Transaction value
- Shares
- Change %
- Price
- Shares after
- 347,498
- Date
- 22 May 2026
- Ownership
- By: 325 Capital Master Fund LP
- Footnotes
- F1, F5
APEI
holding
Common stock, $.01 par value
No transaction description listed
- Transaction value
- Shares
- Change %
- Price
- Shares after
- 347,498
- Date
- 22 May 2026
- Ownership
- By: 325 Capital Master Fund LP
- Footnotes
- F1, F5
APEI
holding
Common stock, $.01 par value
No transaction description listed
- Transaction value
- Shares
- Change %
- Price
- Shares after
- 347,498
- Date
- 22 May 2026
- Ownership
- By: 325 Capital Master Fund LP
- Footnotes
- F1, F5
APEI
holding
Common stock, $.01 par value
No transaction description listed
- Transaction value
- Shares
- Change %
- Price
- Shares after
- 347,498
- Date
- 22 May 2026
- Ownership
- By: 325 Capital Master Fund LP
- Footnotes
- F1, F5
APEI
holding
Common stock, $.01 par value
No transaction description listed
- Transaction value
- Shares
- Change %
- Price
- Shares after
- 347,498
- Date
- 22 May 2026
- Ownership
- By: 325 Capital Master Fund LP
- Footnotes
- F1, F5
* marks a reported price that did not pass the local price check.
Additional SEC filing notes
Filing notes and footnotes
Explanation of responses 5 footnotes
Footnote F1
This Form 4 is being filed jointly by 325 Capital Master Fund LP, a Cayman Islands exempted limited partnership ("325 Master Fund"), 325 Capital GP, LLC, a Delaware limited liability company registered as a foreign partnership in the Cayman Islands ("325 Capital GP"), 325 Capital LLC, a Delaware limited liability company ("325"), Michael Braner, a United States citizen, Daniel Friedberg, a United States citizen, and Anil Shrivastava, a United States citizen (collectively, the "Reporting Persons"). Each Reporting Person disclaims beneficial ownership of the securities reported herein except to the extent of his or its pecuniary interest therein, and this report shall not be deemed to be an admission that any Reporting Person is the beneficial owner of such securities for purposes of Section 16 or for any other purpose.
Footnote F2
Under the director compensation policy for non-employee directors of American Public Education, Inc., each non-employee director receives an annual equity award of restricted stock at each annual meeting of stockholders that vests on the earlier of the anniversary of the award date and the date of the next annual meeting of stockholders.
Footnote F3
Mr. Braner serves on the Board of Directors of the Issuer (the "Board") as a representative of 325 and its affiliates, 325 is entitled to receive the direct economic interest in securities granted to Mr. Braner by the Issuer in respect of Mr. Braner's Board membership. Mr. Braner disclaims beneficial ownership of the Issuer's securities to which this report relates, and at no time has Mr. Braner had any economic interest in such securities except any indirect economic interest through 325 and its affiliates.
Footnote F4
Securities owned directly by certain separately managed accounts ("SMAs") that are deemed beneficially owned by 325 as a result of 325 serving as the investment manager to such SMAs. Each of Messrs. Braner, Friedberg and Shrivastava are Managing Members of 325. As a result of these relationships, they may be deemed to beneficially own the securities beneficially owned by 325.
Footnote F5
Securities owned directly by 325 Master Fund. 325 Capital GP is the general partner of 325 Master Fund, 325 is the investment manager to 325 Master Fund, and each of Messrs. Braner, Friedberg and Shrivastava are Managing Members of 325. As a result of these relationships, all of the Reporting Persons may be deemed to beneficially own the securities owned directly by 325 Master Fund.
SEC remarks
Mr. Braner, a managing member of 325, is a director of the Issuer. For purposes of Section 16 of the Exchange Act, each of the Reporting Persons (other than Mr. Braner) may be deemed a director by deputization by virtue of its or his representation on the Board of Directors of the Issuer.