American Public Education (APEI) CEO granted 44,855 RSUs and withholds shares for taxes

Rhea-AI Filing Summary

American Public Education’s President and CEO Angela K. Selden reported stock-based compensation activity and related tax withholdings in company shares. On multiple dates, the issuer withheld Common Stock to cover tax obligations tied to vesting restricted stock units and performance-based RSUs.

Selden also received a grant of 44,855 RSUs under the American Public Education, Inc. 2017 Omnibus Incentive Plan at a price of $0 per share. These RSUs vest in three equal annual installments starting on the first anniversary of the grant date. Following these transactions, she directly beneficially owned 567,132 shares of Common Stock.

Insider Trade Summary

4 transactions reported

Mixed 4 txns

Insider Selden Angela K.

Role President and CEO

Type	Security	Shares	Price	Value
Grant/Award	Common Stock, par value $.01	44,855	$0.00	--
Tax Withholding	Common Stock, par value $.01	8,039	$42.30	$340K
Tax Withholding	Common Stock, par value $.01	11,697	$42.30	$495K
Tax Withholding	Common Stock, par value $.01	6,048	$41.78	$253K

Holdings After Transaction: Common Stock, par value $.01 — 567,132 shares (Direct)

Footnotes (1)

1. The issuer withheld shares of Common Stock from the reporting person to pay the tax withholding obligations related to the vesting of restricted stock units ("RSUs"). The issuer withheld shares of Common Stock from the reporting person to pay the tax withholding obligations related to the vesting of RSUs. The issuer withheld shares of Common Stock from the reporting person to pay the tax withholding obligations related to the vesting of performance-based RSUs. 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.

Form 4 Insider Transactions: What Each Field Means →

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^*

Selden Angela K.

(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)

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

3. Date of Earliest Transaction (Month/Day/Year)
01/30/2026

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	01/30/2026		F(1)		6,048	D	$41.78	542,013	D
Common Stock, par value $.01	01/31/2026		F(2)		8,039	D	$42.3	533,974	D
Common Stock, par value $.01	01/31/2026		F(3)		11,697	D	$42.3	522,277	D
Common Stock, par value $.01	02/02/2026		A		44,855(4)	A	$0	567,132	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. The issuer withheld shares of Common Stock from the reporting person to pay the tax withholding obligations related to the vesting of restricted stock units ("RSUs").

2. The issuer withheld shares of Common Stock from the reporting person to pay the tax withholding obligations related to the vesting of RSUs.

3. The issuer withheld shares of Common Stock from the reporting person to pay the tax withholding obligations related to the vesting of performance-based RSUs.

4. 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.

Remarks:

Exhibit 24 - Power of Attorney

	/s/ Edward Codispoti, Attorney-in-Fact	02/03/2026
	** 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.

FAQ

What insider transactions did APEI CEO Angela Selden report in this Form 4?

Angela K. Selden reported several Common Stock transactions where American Public Education, Inc. withheld shares to cover tax obligations from vesting RSUs and performance-based RSUs, plus a new grant of 44,855 restricted stock units under the company’s 2017 Omnibus Incentive Plan.

How many RSUs were granted to APEI CEO Angela Selden in this filing?

Angela K. Selden was granted 44,855 restricted stock units. The RSUs were issued under American Public Education, Inc.’s 2017 Omnibus Incentive Plan and carry a stated price of $0 per share, representing stock-based compensation rather than a cash purchase transaction by the CEO.

How do the new RSUs for APEI’s CEO vest over time?

The 44,855 RSUs granted to APEI CEO Angela Selden vest in three equal annual installments. Vesting begins on the first anniversary of the grant date, meaning one-third of the units vest each year over a three-year period, subject to applicable plan terms.

Why were APEI shares withheld from Angela Selden in the reported transactions?

American Public Education, Inc. withheld shares of Common Stock from Angela Selden to pay tax withholding obligations. These withholdings related to the vesting of time-based restricted stock units and performance-based RSUs, a common practice to satisfy income and payroll tax requirements.

What is Angela Selden’s reported APEI share ownership after these transactions?

After the reported transactions, Angela K. Selden beneficially owned 567,132 shares of American Public Education, Inc. Common Stock directly. This figure reflects her holdings following the tax-withholding share reductions and the new grant of restricted stock units disclosed in the Form 4.

What compensation plan governs the new RSUs granted to APEI’s CEO?

The new RSUs granted to APEI CEO Angela Selden were issued under the American Public Education, Inc. 2017 Omnibus Incentive Plan, as amended. This equity compensation plan authorizes grants such as restricted stock units to align executive incentives with shareholder interests over time.