Were Thomas Beckett’s APEI share sales made under a Rule 10b5-1 plan?

Yes. A footnote states the sales were effected under Beckett’s Rule 10b5-1 trading plan adopted on March 16, 2026. Such plans pre-schedule trades, which generally makes the timing less indicative of an executive’s short-term outlook on the stock.

AMERICAN PUBLIC EDUCATION (NASDAQ: APEI) counsel sells 8,000 pre-planned shares

Filing Impact

(Moderate)

Filing Sentiment

(Negative)

Form Type

Rhea-AI Filing Summary

AMERICAN PUBLIC EDUCATION INC senior vice president and general counsel Thomas Beckett reported open-market sales of 8,000 shares of common stock on June 15, 2026. The trades were executed under a pre-arranged Rule 10b5-1 trading plan adopted on March 16, 2026, and he now holds 54,172 shares directly.

Insights

Routine pre-planned insider sale with substantial holdings remaining.

Thomas Beckett, SVP and general counsel of AMERICAN PUBLIC EDUCATION INC, sold 8,000 shares of common stock in open-market transactions on June 15, 2026. Reported prices ranged from about $51.00 to just above $53.00 per share on a weighted-average basis.

The filing states these sales occurred under a Rule 10b5-1 trading plan adopted on March 16, 2026, indicating they were pre-scheduled rather than opportunistic. After the transactions, Beckett directly owns 54,172 shares, so the sale represents only a portion of his overall position.

Because the transactions are both pre-planned and partial, they typically carry limited informational value about management’s view of the company. Subsequent filings will continue to show any additional plan-related sales and resulting holdings.

Insider Trade Summary 10b5-1

Net Seller: 8,000 shares ($414,159)

Net Sell 3 txns

Insider Beckett Thomas

Role SVP, General Counsel

Sold 8,000 shs ($414K)

Type	Security	Shares	Price	Value
Sale	Common Stock, par value $.01	5,213	$51.3887	$268K
Sale	Common Stock, par value $.01	2,587	$52.4425	$136K
Sale	Common Stock, par value $.01	200	$53.005	$11K

Holdings After Transaction: Common Stock, par value $.01 — 56,959 shares (Direct, null)

Footnotes (1)

The sales reported in this Form 4 were effected pursuant to the Reporting Person's Rule 10b5-1 trading plan adopted on March 16, 2026. The price of $51.3887 per share represents a weighted average of sale prices ranging from $51.00 to $51.99 per share. The reporting person undertakes to provide upon request by the Commission staff, the issuer, or a security holder of the issuer full information regarding the number of shares sold at each separate price. The price of $52.4425 per share represents a weighted average of sale prices ranging from $52.00 to $52.95 per share. The reporting person undertakes to provide upon request by the Commission staff, the issuer, or a security holder of the issuer full information regarding the number of shares sold at each separate price. The price of $53.005 per share represents a weighted average of sale prices ranging from $53.00 to $53.01 per share. The reporting person undertakes to provide upon request by the Commission staff, the issuer, or a security holder of the issuer full information regarding the number of shares sold at each separate price.

Key Figures

Shares sold: 8,000 shares Weighted-average sale price 1: $51.3887 per share Weighted-average sale price 2: $52.4425 per share +4 more

7 metrics

Shares sold 8,000 shares Total common shares sold on June 15, 2026

Weighted-average sale price 1 $51.3887 per share Tranche with prices from $51.00 to $51.99

Weighted-average sale price 2 $52.4425 per share Tranche with prices from $52.00 to $52.95

Weighted-average sale price 3 $53.0050 per share Tranche with prices from $53.00 to $53.01

Shares after transaction 54,172 shares Direct common stock holdings following sales

Plan adoption date March 16, 2026 Rule 10b5-1 trading plan adoption

Transaction date June 15, 2026 Date of reported open-market sales

Key Terms

Rule 10b5-1 trading plan, weighted average, open-market sale, Common Stock, par value $.01

4 terms

Rule 10b5-1 trading plan regulatory

"The sales reported in this Form 4 were effected pursuant to the Reporting Person's Rule 10b5-1 trading plan adopted on March 16, 2026."

A Rule 10b5-1 trading plan is a pre-arranged schedule that allows company insiders to buy or sell stock at specific times, even if they have inside information. It helps prevent accusations of unfair trading by making these transactions look planned and transparent, rather than sneaky or illegal.

weighted average financial

"The price of $51.3887 per share represents a weighted average of sale prices ranging from $51.00 to $51.99 per share."

A weighted average is a way of calculating an overall number when some items matter more than others by giving each item a different level of importance, or weight. Investors use weighted averages to combine figures like prices, returns or earnings so the result reflects the size or significance of each part — like grading a class where a final exam counts more than a quiz, producing a score that better represents true performance.

open-market sale financial

"transaction_action": "open-market sale""

An open-market sale is when a shareholder sells existing shares directly on a public exchange to any willing buyer, rather than through a private deal. Think of it like putting goods on a busy market stall where price is set by supply and demand; for investors it matters because such sales increase available supply, can put short-term downward pressure on the stock price, and signal changes in liquidity or investor confidence.

Common Stock, par value $.01 financial

"security_title": "Common Stock, par value $.01""

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Form 4 Insider Transactions: What Each Field Means →

Available on EDGAR 06/17/2026 - 04:10 PM Accepted by SEC EDGAR 06/17/2026 - 04:09 PM

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^*

Beckett Thomas

(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)

	Director	10% Owner
X	Officer (give title below)	Other (specify below)
	SVP, General Counsel

2a. Foreign Trading Symbol

3. Date of Earliest Transaction (Month/Day/Year)
06/15/2026

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)
1. Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	Code	V	Amount	(A) or (D)	Price		6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)
Common Stock, par value $.01	06/15/2026		S		5,213⁽¹⁾	D	$51.3887⁽²⁾	56,959	D
Common Stock, par value $.01	06/15/2026		S		2,587⁽¹⁾	D	$52.4425⁽³⁾	54,372	D
Common Stock, par value $.01	06/15/2026		S		200⁽¹⁾	D	$53.005⁽⁴⁾	54,172	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)
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)	Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares	8. Price of Derivative Security (Instr. 5)		10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)

Explanation of Responses:

1. The sales reported in this Form 4 were effected pursuant to the Reporting Person's Rule 10b5-1 trading plan adopted on March 16, 2026.

2. The price of $51.3887 per share represents a weighted average of sale prices ranging from $51.00 to $51.99 per share. The reporting person undertakes to provide upon request by the Commission staff, the issuer, or a security holder of the issuer full information regarding the number of shares sold at each separate price.

3. The price of $52.4425 per share represents a weighted average of sale prices ranging from $52.00 to $52.95 per share. The reporting person undertakes to provide upon request by the Commission staff, the issuer, or a security holder of the issuer full information regarding the number of shares sold at each separate price.

4. The price of $53.005 per share represents a weighted average of sale prices ranging from $53.00 to $53.01 per share. The reporting person undertakes to provide upon request by the Commission staff, the issuer, or a security holder of the issuer full information regarding the number of shares sold at each separate price.

	/s// Edward Codispoti, Attorney-in-Fact	06/17/2026
	** 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)

Source: View Original Filing on SEC EDGAR

FAQ

What insider transaction did APEI executive Thomas Beckett report?

Thomas Beckett reported selling 8,000 shares of AMERICAN PUBLIC EDUCATION INC common stock in open-market transactions. These trades occurred on June 15, 2026 at weighted-average prices slightly above $51 to just over $53 per share, according to the Form 4 filing details.

At what prices did Thomas Beckett sell APEI shares on June 15, 2026?

He sold APEI common shares at weighted-average prices of $51.3887, $52.4425, and $53.005 per share. Footnotes explain these averages reflect sale ranges from $51.00–$51.99, $52.00–$52.95, and $53.00–$53.01 respectively, with full breakdowns available on request.

How many APEI shares does Thomas Beckett hold after the reported sales?

After the June 15, 2026 transactions, Thomas Beckett directly holds 54,172 shares of AMERICAN PUBLIC EDUCATION INC common stock. The Form 4 indicates these holdings are direct, with no derivative positions reported in the derivative summary section of the filing.

What is the total number of APEI shares Thomas Beckett sold in this Form 4?

In this Form 4, Beckett reported selling a total of 8,000 AMERICAN PUBLIC EDUCATION INC common shares. The transactions were split into three tranches of 5,213, 2,587, and 200 shares, each executed at different weighted-average prices on June 15, 2026.