American Public Education (NASDAQ: APEI) HR chief reports RSU tax share withholdings

Rhea-AI Filing Summary

American Public Education Inc. executive Tanya Joy Axenson reported share dispositions for tax withholding tied to restricted stock vesting. On February 9, 2026, the company withheld 948 shares of common stock at $44.15 per share for performance-based RSU taxes and 1,166 shares at $44.15 for RSU tax obligations. After these tax-withholding dispositions, she directly holds 57,221 shares of American Public Education common stock.

Insider Trade Summary

2 transactions reported

Mixed 2 txns

Insider Axenson Tanya Joy

Role SVP, Chief HR Officer

Type	Security	Shares	Price	Value
Tax Withholding	Common Stock, par value $.01	948	$44.15	$42K
Tax Withholding	Common Stock, par value $.01	1,166	$44.15	$51K

Holdings After Transaction: Common Stock, par value $.01 — 58,387 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 performance-based 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.

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^*

Axenson Tanya Joy

(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)
	SVP, Chief HR Officer

3. Date of Earliest Transaction (Month/Day/Year)
02/09/2026

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	02/09/2026		F(1)		948	D	$44.15	58,387	D
Common Stock, par value $.01	02/09/2026		F(2)		1,166	D	$44.15	57,221	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 performance-based 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.

	/s/ Edward Codispoti, Attorney-in-Fact	02/11/2026
	** 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 transaction did Tanya Joy Axenson report for APEI?

Tanya Joy Axenson reported share dispositions for tax withholding obligations. On February 9, 2026, American Public Education Inc. withheld common shares from her vested restricted stock units to cover related tax liabilities, rather than executing open market sales.

How many APEI shares were withheld from Tanya Joy Axenson for taxes?

A total of 2,114 APEI shares were withheld for taxes. The issuer withheld 948 shares tied to performance-based RSUs and 1,166 shares tied to RSUs, both on February 9, 2026, to satisfy Axenson’s tax withholding obligations.

At what price were Tanya Joy Axenson’s APEI shares valued for tax withholding?

The withheld APEI shares were valued at $44.15 per share. Both tax-withholding dispositions, covering 948 shares and 1,166 shares of common stock on February 9, 2026, used a price of $44.15 per share.

How many APEI shares does Tanya Joy Axenson own after the reported Form 4 transactions?

After the transactions, Axenson directly owns 57,221 APEI shares. Following the two tax-withholding dispositions on February 9, 2026, her reported beneficial ownership of American Public Education common stock stands at 57,221 shares held directly.

Were Tanya Joy Axenson’s APEI Form 4 transactions open market sales?

No, they were tax-withholding dispositions related to RSU vesting. The filing uses transaction code F, and footnotes explain the issuer withheld common shares from Axenson to pay tax obligations when performance-based RSUs and RSUs vested.

What is Tanya Joy Axenson’s role at American Public Education Inc. (APEI)?

Tanya Joy Axenson serves as SVP, Chief HR Officer at APEI. The Form 4 identifies her as an officer of American Public Education Inc., holding the title Senior Vice President and Chief Human Resources Officer, and reporting transactions in the company’s common stock.