American Public Education insider filing: 3,046 shares to be sold via Fidelity

Rhea-AI Filing Summary

American Public Education, Inc. (APEI) insider filing reports a proposed sale of 3,046 common shares through Fidelity Brokerage with an aggregate market value of $118,794. The filing lists approximately 18,067,134 shares outstanding and an approximate sale date of 10/02/2025. The shares were acquired on 08/08/2024 upon restricted stock vesting and were paid as compensation. The filing also discloses a prior sale by Craig S. Macgibbon of 3,486 shares on 09/11/2025 for $122,010. The notice includes the standard representation that the seller is not aware of any undisclosed material adverse information about the issuer.

Positive

• Disclosure compliance: Proposed sale filed under Rule 144 with broker and dates specified
• Acquisition provenance disclosed: Shares were from restricted stock vesting on 08/08/2024
• Prior sales reported: 3,486 shares sold on 09/11/2025 for $122,010, improving transparency

Negative

• Insider selling: Proposed sale of 3,046 shares valued at $118,794 represents insider liquidity
• Repeated sales in period: Combined recent sales (3,486 and proposed 3,046) may be viewed negatively by some investors

Insights

Equity Compensation Analyst

TL;DR: Insider plans to sell recently vested compensation shares.

The filing shows 3,046 shares derived from restricted stock vesting on 08/08/2024, identified as compensation. Selling vested compensation is a routine liquidity event for insiders and is disclosed under Rule 144 to meet resale requirements.

This is material only as a disclosure of insider liquidity: the transaction size (~$118,794) is small relative to total shares outstanding (18.07M), so it is unlikely to directly affect company valuation.

Corporate Governance Analyst

TL;DR: Filing confirms compliance with disclosure rules and shows recent insider selling activity.

The notice names the broker (Fidelity) and provides an approximate sale date of 10/02/2025, fulfilling procedural requirements. It also discloses a prior sale on 09/11/2025 of 3,486 shares for $122,010, which together indicate periodic insider selling.

The filing includes the required signature representation that no undisclosed material adverse information is known to the seller.

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	3046	118794.00	18067134	10/02/2025	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	08/08/2024	Restricted Stock Vesting	Issuer			3046	08/08/2024	Compensation

* 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

Name and Address of Seller	Title of Securities Sold	Date of Sale	Amount of Securities Sold	Gross Proceeds
Craig S. Macgibbon 111 West Congress Street Charles Town WV 25414	Common	09/11/2025	3486	122010.00

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 shares does the APEI Form 144 report say will be sold?

The filing reports a proposed sale of 3,046 common shares.

When were the shares to be sold acquired for APEI Form 144?

The shares were acquired on 08/08/2024 through restricted stock vesting and recorded as compensation.

What is the aggregate market value and approximate sale date listed?

Aggregate market value is listed as $118,794 with an approximate sale date of 10/02/2025.

Does the filing report any prior insider sales for APEI?

Yes. It discloses a prior sale by Craig S. Macgibbon of 3,486 shares on 09/11/2025 for $122,010.

Which broker is handling the proposed sale in the APEI Form 144?

The broker named is Fidelity Brokerage Services LLC located in Smithfield, RI.