APEI Form 4: Kenigsberg Adds 18.7k RSUs; Stake Up to 41.9k Shares

Rhea-AI Filing Summary

American Public Education, Inc. (APEI) Form 4: On 08/04/2025, Interim Chief Innovation & Technology Officer James Kenigsberg was granted 18,673 restricted stock units (RSUs) of APEI common stock at a cost basis of $0 under the company’s 2017 Omnibus Incentive Plan. The RSUs vest in three equal annual instalments beginning one year after the grant date. After the award, Kenigsberg’s direct beneficial ownership increased to 41,888 shares. No sales, derivative transactions or additional acquisitions were reported.

Positive

• 18,673 RSUs granted to a senior officer, increasing insider ownership to 41,888 shares and reinforcing management–shareholder alignment.

Negative

• None.

Insights

Financial Analyst

TL;DR: Small RSU award modestly boosts insider alignment; limited direct market impact.

The 18,673-unit grant represents a routine executive equity incentive and lifts the officer’s stake to 41,888 shares. Such awards strengthen management-shareholder alignment but do not involve open-market buying or cash outlay, so liquidity and valuation remain unaffected. Given APEI’s ~18 million share count, the grant equates to roughly 0.1%, suggesting minimal dilution risk and muted immediate trading impact.

SEC Form 4

FORM 4

UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934
or Section 30(h) of the Investment Company Act of 1940

OMB APPROVAL

OMB Number:			3235-0287
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hours per response:			0.5

Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).

Check this box to indicate that a transaction was made pursuant to a contract, instruction or written plan for the purchase or sale of equity securities of the issuer that is intended to satisfy the affirmative defense conditions of Rule 10b5-1(c). See Instruction 10.

1. Name and Address of Reporting Person^*

Kenigsberg James

(Last) (First) (Middle)

111 WEST CONGRESS STREET

(Street)

CHARLES TOWN WV 25414

(City) (State) (Zip)

2. Issuer Name and Ticker or Trading Symbol
AMERICAN PUBLIC EDUCATION INC [ APEI ]

5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)

	Director		10% Owner
X	Officer (give title below)		Other (specify below)
	Int Chief Inno & Tech Officer

3. Date of Earliest Transaction (Month/Day/Year)
08/04/2025

4. If Amendment, Date of Original Filed (Month/Day/Year)

6. Individual or Joint/Group Filing (Check Applicable Line)

X	Form filed by One Reporting Person
	Form filed by More than One Reporting Person

Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1. Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	3. Transaction Code (Instr. 8)		4. Securities Acquired (A) or Disposed Of (D) (Instr. 3, 4 and 5)			5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4)	6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)
			Code	V	Amount	(A) or (D)	Price
Common Stock, par value $.01	08/04/2025		A		18,673(1)	A	$0	41,888	D

Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 3)	2. Conversion or Exercise Price of Derivative Security	3. Transaction Date (Month/Day/Year)	3A. Deemed Execution Date, if any (Month/Day/Year)	4. Transaction Code (Instr. 8)		5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5)		6. Date Exercisable and Expiration Date (Month/Day/Year)		7. Title and Amount of Securities Underlying Derivative Security (Instr. 3 and 4)		8. Price of Derivative Security (Instr. 5)	9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4)	10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)
				Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares

Explanation of Responses:

1. Restricted stock units ("RSUs") granted pursuant to the American Public Education, Inc. 2017 Omnibus Incentive Plan, as amended. The RSUs vest in three equal annual installments commencing on the first anniversary of the grant date.

	/s/ Richard W. Sunderland, Jr., Attorney-in-Fact	08/06/2025
	** Signature of Reporting Person	Date
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* If the form is filed by more than one reporting person, see Instruction 4 (b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB Number.

FAQ

What insider activity was reported for APEI on 08/04/2025?

Interim Chief Innovation & Technology Officer James Kenigsberg received 18,673 RSUs of common stock.

How many APEI shares does James Kenigsberg now own?

Following the grant, his direct beneficial ownership totals 41,888 shares.

What is the vesting schedule of the RSUs granted to Kenigsberg?

The RSUs vest in three equal annual instalments beginning on the first anniversary of the 08/04/2025 grant date.

Was there any cash consideration involved in the RSU grant?

No. The RSUs were awarded at $0 cost basis under the 2017 Omnibus Incentive Plan.

Did the Form 4 report any stock sales or option exercises?

No. The filing shows only the RSU grant and no dispositions or derivative transactions.