American Public Education (APEI) Rule 144 Filing: Proposed Sale of 3,486 Shares

Rhea-AI Filing Summary

American Public Education, Inc. (APEI) filed a Form 144 notice reporting a proposed sale of 3,486 common shares through Fidelity Brokerage Services LLC (Smithfield, RI) with an aggregate market value of $122,010.00. The filing lists the shares as acquired by exercise of an option (option granted 08/08/2022) with an acquisition date and intended sale date of 09/11/2025. No other sales in the past three months are reported and the filer certifies no undisclosed material adverse information concerning the issuer.

Insights

Securities Analyst

TL;DR: Insider plans to sell 3,486 shares valued at $122,010, sourced from an option exercise; routine disclosure with limited apparent market impact.

The filing is a standard Rule 144 notice showing securities acquired via option exercise and proposed to be sold through a broker on 09/11/2025. The size of the transaction (3,486 shares, $122k) is explicitly stated in the filing. The filer confirms no undisclosed material adverse information. Without additional context on total insider holdings or proportionate ownership, this appears procedural and not clearly material to APEI investors.

Corporate Governance Specialist

TL;DR: Compliance-focused disclosure: the filer documents planned sale under Rule 144 and affirms absence of undisclosed material facts.

The notice documents the mechanics: securities were acquired by option (granted 08/08/2022), payment to be in cash, and broker details are provided. The filing includes the mandatory representation regarding material information and indicates no sales in the prior three months. This satisfies procedural disclosure obligations; the form itself does not present new governance concerns beyond routine insider sales reporting.

Form 144 Filer Information	UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 Form 144 NOTICE OF PROPOSED SALE OF SECURITIES PURSUANT TO RULE 144 UNDER THE SECURITIES ACT OF 1933
FORM 144

144: Filer Information

Filer CIK
Filer CCC
Is this a LIVE or TEST Filing?	LIVE TEST
Submission Contact Information
Name
Phone
E-Mail Address

144: Issuer Information

Name of Issuer

SEC File Number

Address of Issuer

Phone

Name of Person for Whose Account the Securities are To Be Sold

See the definition of "person" in paragraph (a) of Rule 144. Information is to be given not only as to the person for whose account the securities are to be sold but also as to all other persons included in that definition. In addition, information shall be given as to sales by all persons whose sales are required by paragraph (e) of Rule 144 to be aggregated with sales for the account of the person filing this notice.

Relationship to Issuer

144: Securities Information

Title of the Class of Securities To Be Sold	Name and Address of the Broker	Number of Shares or Other Units To Be Sold	Aggregate Market Value	Number of Shares or Other Units Outstanding	Approximate Date of Sale	Name the Securities Exchange
Common	Fidelity Brokerage Services LLC 900 Salem Street Smithfield RI 02917	3486	122010.00	18067134	09/11/2025	NASDAQ

Furnish the following information with respect to the acquisition of the securities to be sold and with respect to the payment of all or any part of the purchase price or other consideration therefor:

144: Securities To Be Sold

Title of the Class	Date you Acquired	Nature of Acquisition Transaction	Name of Person from Whom Acquired	Is this a Gift?	Date Donor Acquired	Amount of Securities Acquired	Date of Payment	Nature of Payment *
Common	09/11/2025	Option Granted - 08/08/2022	Issuer			3486	09/11/2025	Cash

* If the securities were purchased and full payment therefor was not made in cash at the time of purchase, explain in the table or in a note thereto the nature of the consideration given. If the consideration consisted of any note or other obligation, or if payment was made in installments describe the arrangement and state when the note or other obligation was discharged in full or the last installment paid.

Furnish the following information as to all securities of the issuer sold during the past 3 months by the person for whose account the securities are to be sold.

144: Securities Sold During The Past 3 Months

Nothing to Report

144: Remarks and Signature

Remarks

Date of Notice

ATTENTION:

The person for whose account the securities to which this notice relates are to be sold hereby represents by signing this notice that he does not know any material adverse information in regard to the current and prospective operations of the Issuer of the securities to be sold which has not been publicly disclosed. If such person has adopted a written trading plan or given trading instructions to satisfy Rule 10b5-1 under the Exchange Act, by signing the form and indicating the date that the plan was adopted or the instruction given, that person makes such representation as of the plan adoption or instruction date.

Signature

ATTENTION: Intentional misstatements or omission of facts constitute Federal Criminal Violations (See 18 U.S.C. 1001)

FAQ

What did APEI report in this Form 144 filing?

The filer reported a proposed sale of 3,486 common shares with an aggregate market value of $122,010.00 to be sold via Fidelity Brokerage Services on 09/11/2025.

How were the shares acquired according to the filing?

The shares were acquired by option exercise (option granted 08/08/2022) with the acquisition and proposed sale dates listed as 09/11/2025.

Does the filing report any other sales in the past three months?

No. The filing states "Nothing to Report" for securities sold during the past three months.

Which broker is handling the proposed sale?

The broker named is Fidelity Brokerage Services LLC, located at 900 Salem Street, Smithfield, RI 02917.

Did the filer assert any undisclosed material information about APEI?

The filer represented by signature that they do not know of any material adverse information regarding the issuer that has not been publicly disclosed.