AMERICAN PUBLIC EDUCATION (APEI) president exercises 8,800 options, sells 8,800 shares
Rhea-AI Filing Summary
AMERICAN PUBLIC EDUCATION INC President, APUS, Nuno S. Fernandes exercised 8,800 Employee Stock Options at an exercise price of $10.66 per share into common stock on 2026-08-12, then sold 8,800 common shares at $45.13 per share. Following the option exercise, he held 8,256 options that remain vested and exercisable.
Positive
- None.
Negative
- None.
Insider Trade Summary
Exercise and sale activity reported; no spread calculated
Exercise and Sale
3 txns
Insider
Fernandes Nuno S.
Role
President, APUS
Sold
8,800 shs ($397K)
Approx. gross sale proceeds
$397K
Approx. exercise cost
$94K
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise | Employee Stock Option (right to buy) F1 | 8,800 | $0.00 | $0.00 |
| Exercise | Common Stock, par value $.01 | 8,800 | $10.66 | $94K |
| Sale | Common Stock, par value $.01 | 8,800 | $45.13 | $397K |
Holdings After Transaction:
Employee Stock Option (right to buy) — 8,256 shares (Direct);
Common Stock, par value $.01 — 78,575 shares (Direct)
Footnotes (1)
- F1. As of the date hereof, all options relating to the underlying shares have vested and are exercisable.
Key Figures
Options Exercised: 8,800 shares
Option Exercise Price: $10.66 per share
Shares Sold: 8,800 shares
+3 more
6 metrics
Options Exercised
8,800 shares
Employee Stock Options exercised into common stock on 2026-08-12
Option Exercise Price
$10.66 per share
Exercise or conversion price of Employee Stock Option
Shares Sold
8,800 shares
Common Stock sold on 2026-08-12 in open market or private transaction
Sale Price
$45.13 per share
Price for sale of 8,800 common shares
Options Remaining
8,256 options
Employee Stock Options held following the reported exercise
Option Expiration
2032-08-28
Expiration date of the Employee Stock Options
Key Terms
Employee Stock Option, derivative security, vested and exercisable, par value
4 terms
Employee Stock Option financial
"security_title: "Employee Stock Option (right to buy)""
An employee stock option is a promise that lets a worker buy company shares later at a predetermined price, often after they stay for a certain period or meet performance goals — think of it like a coupon that locks in today's price for a future purchase. It matters to investors because options align employees’ incentives with company performance, can increase the number of shares outstanding (dilution) when exercised, and represent a compensation cost that affects reported profits and shareholder value.
derivative security financial
"transaction_code_description: "Exercise or conversion of derivative security""
A derivative security is a financial contract whose value comes from the price or performance of something else, such as a stock, bond, commodity, or market index. For investors it acts like an insurance policy or a wager: it can be used to protect against losses, lock in prices, or amplify gains and losses, so it can change a portfolio’s risk and potential return without owning the underlying asset directly.
vested and exercisable financial
"footnote: "all options relating to the underlying shares have vested and are exercisable""
par value financial
"security_title: "Common Stock, par value $.01""
Par value is the fixed amount printed on a bond or stock that represents its original value when issued. It’s like the face value of a coin or bill—what the issuer promises to pay back or the starting price of a stock—though it often doesn’t change with market prices. It matters because it helps determine certain financial details, like how much the company will pay back at maturity.
FAQ
What transactions did APEI insider Nuno S. Fernandes report on this Form 4?
Nuno S. Fernandes reported exercising 8,800 stock options at $10.66 per share into common stock and then selling 8,800 common shares at $45.13 per share, all on 2026-08-12, as a combined exercise-and-sell transaction.
How many APEI options did Nuno S. Fernandes retain after these transactions?
After exercising 8,800 options, Nuno S. Fernandes held 8,256 Employee Stock Options. The filing notes these remaining options relate to the same underlying shares and, as of the date reported, are vested and exercisable for potential future conversion into common stock.
Was the APEI Form 4 sale by Nuno S. Fernandes made under a Rule 10b5-1 plan?
The filing’s Rule 10b5-1 checkbox is not marked as using a plan, and the footnotes do not reference any 10b5-1 trading arrangement, so these transactions are not identified as occurring under a pre-arranged trading plan.
What type of securities were involved in Nuno S. Fernandes’s APEI Form 4?
The transactions involved an Employee Stock Option (a derivative security with a $10.66 exercise price and 2032-08-28 expiration) converting into Common Stock, par value $.01, followed by an open-market or private sale of those common shares.
AI-generated analysis. How Rhea-AI works. Not financial advice.
