American Public Education appoints Shira Goodman

The restricted-stock award vests on the earlier of May 22, 2027, and immediately prior to the 2027 Annual Meeting of Stockholders.

Rhea-AI Filing Summary

American Public Education Inc. director Shira Goodman acquired 1,351 shares of restricted common stock on October 27, 2026, as a prorated award following her board appointment effective that date. Her reported direct holdings after the award were 1,351 shares. The shares vest on the earlier of May 22, 2027, and immediately prior to the 2027 Annual Meeting of Stockholders. The company's policy provides an annual restricted-stock award valued at $110,000 on the grant date for each non-employee director.

Insider Trade Summary

Grant/Award: 1,351 shares

Grant/Award 1 txn

Insider Goodman Shira

Role Director

Type	Security	Shares	Price	Value
Grant/Award	Common Stock, par value $.01 F1	1,351	$0.00	$0.00

Holdings After Transaction: Common Stock, par value $.01 — 1,351 shares (Direct)

Footnotes (1)

1. F1. Under the director compensation policy for non-employee directors of American Public Education, Inc. (the "Company"), the Company's Management Development & Compensation Committee annually grants each non-employee director an award of restricted common stock of the Company having a value of $110,000 on the date of grant. The Company granted Ms. Goodman a prorated award based on her appointment to the Company's Board of Directors effective as of October 27, 2026. The shares vest on the earlier of May 22, 2027 and immediately prior to the 2027 Annual Meeting of Stockholders.

Key Figures

Restricted shares acquired: 1,351 shares Direct shares after award: 1,351 shares Annual non-employee director award policy: $110,000 +1 more

4 metrics

Restricted shares acquired 1,351 shares Award to director Shira Goodman on October 27, 2026

Direct shares after award 1,351 shares Reported holdings following the October 27, 2026 award

Annual non-employee director award policy $110,000 Restricted-stock award value on the grant date; Goodman's award was prorated

First stated vesting date May 22, 2027 Shares vest on the earlier of this date and immediately prior to the 2027 Annual Meeting of Stockholders

Key Terms

restricted common stock, prorated award, vest

3 terms

restricted common stock financial

"award of restricted common stock"

Restricted common stock is company shares that carry limits on selling or transferring for a set period or until certain conditions are met, like time-based vesting or regulatory clearance. Think of them as shares in a locked box that gradually open; they can become freely tradable later but initially reduce the number of shares available on the market. Investors watch restricted stock because its eventual release can change a company’s share supply, affect stock price, and influence control and dilution.

prorated award financial

"a prorated award based on her appointment"

vest financial

"The shares vest on the earlier of"

A vest is the process by which an employee earns the right to receive certain benefits or ownership interests, such as stock or retirement funds, over time. It’s similar to earning a reward gradually, ensuring that the benefit becomes fully yours only after a set period or meeting specific conditions. This makes it important for investors because it determines when they can actually claim or use those benefits.

FAQ

AI-generated questions and answers. How Rhea-AI works. Not financial advice.

How many shares did APEI director Shira Goodman receive?

Shira Goodman received an award of 1,351 shares of restricted common stock on October 27, 2026. The award was prorated following her appointment to the board effective that date.

AI-generated analysis. How Rhea-AI works. Not financial advice.

Form 4 Insider Transactions: What Each Field Means →

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Available on EDGAR 10/29/2026 - 04:19 PM EDT Accepted by SEC EDGAR 10/29/2026 - 04:19 PM EDT Learn about SEC filing dates

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
Estimated average burden
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^*

Goodman Shira

(Last) (First) (Middle)

111 WEST CONGRESS STREET

(Street)

CHARLES TOWN WEST VIRGINIA 25414

(City) (State) (Zip)

UNITED STATES

(Country)

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

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

X	Director		10% Owner
	Officer (give title below)		Other (specify below)

2a. Foreign Trading Symbol

3. Date of Earliest Transaction (Month/Day/Year)
10/27/2026

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

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

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

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	10/27/2026		A(1)		1,351	A	$0	1,351	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. Under the director compensation policy for non-employee directors of American Public Education, Inc. (the "Company"), the Company's Management Development & Compensation Committee annually grants each non-employee director an award of restricted common stock of the Company having a value of $110,000 on the date of grant. The Company granted Ms. Goodman a prorated award based on her appointment to the Company's Board of Directors effective as of October 27, 2026. The shares vest on the earlier of May 22, 2027 and immediately prior to the 2027 Annual Meeting of Stockholders.

	Edward H. Codispoti, Attorney-in-Fact	10/29/2026
	** 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.
* Form 4: SEC 1474 (03-26)