325 Capital reports APEI share transactions
325 CAPITAL LLC reported open-market sale transactions in this Form 4 filing.
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Form Type
4
Rhea-AI Filing Summary
325 CAPITAL LLC reported open-market sale transactions in this Form 4 filing.
AMERICAN PUBLIC EDUCATION INC received a Form 4 from investment entities affiliated with 325 Capital reporting open‑market transactions in a total of 160,512 shares of common stock on March 19–20, 2026. After these trades, one reported direct holding stood at 836,234 shares, alongside separate indirect holdings attributed to 325 Capital Master Fund LP and to accounts managed by 325 Capital.
Insider Trade Summary
Net Seller: 160,512 shares
Net Sell
7 txns
Insider
325 CAPITAL LLC, 325 Capital Master Fund LP, 325 Capital GP, LLC, FRIEDBERG DANIEL M., Shrivastava Anil K
Role
Insider | Insider | Insider | Insider | Insider
Sold
160,512 shs ($8.73M)
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Sale | Common stock, $.01 par value | 62,100 | $53.7377 | $3.34M |
| Sale | Common stock, $.01 par value | 2,900 | $54.6035 | $158K |
| Sale | Common stock, $.01 par value | 10,477 | $54.2046 | $568K |
| Sale | Common stock, $.01 par value | 80,333 | $54.7908 | $4.40M |
| Sale | Common stock, $.01 par value | 4,702 | $55.5518 | $261K |
| holding | Common stock, $.01 par value | -- | -- | -- |
| holding | Common stock, $.01 par value | -- | -- | -- |
Holdings After Transaction:
Common stock, $.01 par value — 836,234 shares (Direct);
Common stock, $.01 par value — 23,245 shares (Indirect, By: Michael D. Braner);
Common stock, $.01 par value — 347,498 shares (Indirect, By: 325 Capital Master Fund LP)
Footnotes (9)
- 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.
- F2. 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.
- 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.
- F4. 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.
- F5. The Shares were purchased by the Reporting Person in open market transactions on the transaction date, with a volume weighted average purchase price of $54.2046. The range of purchase prices on the transaction date was $53.44 to $54.44 per share. The Reporting Person undertakes to provide, upon request by the SEC staff, the Issuer, or a security holder of the Issuer, full information regarding the number of Shares purchased at each price.
- F6. The Shares were purchased by the Reporting Person in open market transactions on the transaction date, with a volume weighted average purchase price of $54.7908. The range of purchase prices on the transaction date was $54.45 to $55.45 per share. The Reporting Person undertakes to provide, upon request by the SEC staff, the Issuer, or a security holder of the Issuer, full information regarding the number of Shares purchased at each price.
- F7. The Shares were purchased by the Reporting Person in open market transactions on the transaction date, with a volume weighted average purchase price of $55.5518. The range of purchase prices on the transaction date was $55.455 to $55.69 per share. The Reporting Person undertakes to provide, upon request by the SEC staff, the Issuer, or a security holder of the Issuer, full information regarding the number of Shares purchased at each price.
- F8. The Shares were purchased by the Reporting Person in open market transactions on the transaction date, with a volume weighted average purchase price of $53.7377. The range of purchase prices on the transaction date was $53.295 to $54.14 per share. The Reporting Person undertakes to provide, upon request by the SEC staff, the Issuer, or a security holder of the Issuer, full information regarding the number of Shares purchased at each price.
- F9. The Shares were purchased by the Reporting Person in open market transactions on the transaction date, with a volume weighted average purchase price of $54.6035. The range of purchase prices on the transaction date was $54.50 to $54.62 per share. The Reporting Person undertakes to provide, upon request by the SEC staff, the Issuer, or a security holder of the Issuer, full information regarding the number of Shares purchased at each price.
FAQ
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What insider activity did 325 Capital report in APEI stock?
325 Capital–affiliated entities reported open‑market transactions in 160,512 APEI shares. The Form 4 shows several trades over March 19–20, 2026, with volume‑weighted average prices in the mid‑$50 range and substantial share ownership remaining afterward.
Over what dates did the APEI Form 4 transactions occur?
The reported APEI transactions occurred on March 19 and March 20, 2026. Multiple trades in common stock were executed on those two days, each at different volume‑weighted average prices, and the filing lists updated share balances following the reported activity.
Who are the reporting persons in the APEI Form 4?
The Form 4 is filed jointly by 325 Capital Master Fund LP, 325 Capital GP, LLC, 325 Capital LLC and certain individuals. The footnotes describe their roles as investment manager, general partner, and managing members connected to the accounts holding AMERICAN PUBLIC EDUCATION shares.
Do the APEI Form 4 footnotes address beneficial ownership?
Yes, the footnotes state each reporting person disclaims beneficial ownership beyond pecuniary interest. They explain that entities like 325 Capital Master Fund LP and separately managed accounts directly own the securities, while affiliated individuals may be deemed owners only through their economic interests.
AI-generated analysis. How Rhea-AI works. Not financial advice.
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