American Public Education, Inc. SEC filings document operating results, education-unit performance, capital-structure changes, governance matters and material-event disclosures for its postsecondary education business. Form 8-K reports cover quarterly and annual results, guidance updates, exhibits to earnings releases, and operational matters tied to enrollment, course registrations and government tuition-assistance exposure.
Proxy and governance filings address shareholder voting matters, board and executive compensation disclosures, and related corporate governance topics. Capital-structure filings include amendments to the company's charter and security-holder rights matters, including the elimination of the Series A Senior Preferred Stock designation following the preferred equity redemption.
AMERICAN PUBLIC EDUCATION INC senior vice president and general counsel Thomas Beckett reported a performance-based stock award and related tax withholding. He acquired 14,425 shares of common stock as part of a performance-based restricted stock unit award under the 2017 Omnibus Incentive Plan, tied to adjusted earnings per share and revenue for the fiscal year ended December 31, 2025. The award is scheduled to vest in three approximately equal installments on March 10, 2026, February 4, 2027, and February 4, 2028. To cover tax obligations from the PSU vesting, the issuer withheld 2,169 shares at a price of $45.51 per share, leaving Beckett with 64,172 shares of common stock held directly after these transactions.
AMERICAN PUBLIC EDUCATION INC senior vice president and chief HR officer Tanya Joy Axenson reported routine equity compensation activity. She received a grant of 14,425 shares of common stock at no cost as part of a performance-based restricted stock unit award tied to 2025 earnings per share and revenue goals. The award is scheduled to vest in three roughly equal installments on March 10, 2026, February 4, 2027, and February 4, 2028. On the same date, 1,729 shares at $45.51 per share were withheld by the company solely to cover tax obligations from the vesting of PSUs, not as an open-market sale. After these transactions, she directly owns 69,917 shares of common stock.
AMERICAN PUBLIC EDUCATION INC executive Mark L. Arnold, President of Rasmussen, received a grant of 10,492 shares of Common Stock on March 10, 2026 as a performance-based restricted stock unit award under the 2017 Omnibus Incentive Plan. The award is tied to adjusted earnings per share and revenue performance for the fiscal year ended December 31, 2025, and will vest in three approximately equal installments on March 10, 2026, February 4, 2027, and February 4, 2028. On the same date, 1,067 shares were withheld by the issuer at a price of $45.51 per share to cover tax obligations related to PSU vesting, leaving Arnold with 20,676 shares of Common Stock held directly after these transactions.
AMERICAN PUBLIC EDUCATION INC President and CEO Angela K. Selden reported equity compensation and related tax withholding. She received a grant of 98,352 performance-based restricted stock units under the 2017 Omnibus Incentive Plan, tied to adjusted earnings per share and revenue goals for the fiscal year ended December 31, 2025. The award vests in three installments on March 10, 2026, February 4, 2027, and February 4, 2028. To cover tax obligations from PSU vesting, 12,901 shares of Common Stock were withheld at $45.51 per share. After these transactions, she directly holds 626,808 shares of Common Stock.
American Public Education, Inc. files its annual report describing how it served about 108,600 students in 2025 across American Public University System, Rasmussen University, and Hondros College of Nursing.
The company highlights a planned two-step combination of these institutions into a single system, progress on regulatory approvals, and a shift to two reportable segments beginning in 2026. It discusses the impact of the October–November 2025 U.S. federal government shutdown on military tuition assistance registrations at APUS and ongoing pressure from the 90/10 revenue rule, with APUS at 89% for 2025.
Management notes tuition increases at all three institutions, campus closures in Wisconsin, redemption of $43.1 million of preferred stock, the sale of Graduate School USA, reductions in force, and a multi‑year technology transformation. Extensive risk disclosures cover enrollment, regulation, technology, cybersecurity, AI adoption, and execution of the institutional combination.
American Public Education, Inc. reported stronger profitability for 2025 while issuing upbeat 2026 guidance. Full-year 2025 revenue was $648.9M, up from $624.6M, and net income available to common stockholders rose to $25.3M from $10.1M, with diluted EPS increasing to $1.36 from $0.55.
Adjusted EBITDA improved to $85.7M, up from $72.3M, helped by preferred equity redemption, asset sales, and cost actions. For 2026, the company guides revenue to $685.0M–$695.0M and diluted EPS to $2.15–$2.47, implying further earnings growth alongside planned capital expenditures of $28.0M–$32.0M.
No Street GP LP filed a Schedule 13G showing beneficial ownership of 925,000 shares of American Public Education, Inc. common stock, representing 5.1% of the class as of December 31, 2025. The percentage is based on 18,085,030 shares outstanding as of November 7, 2025, as reported by the company.
No Street GP LP reports sole power to vote and dispose of these 925,000 shares, with no shared voting or dispositive power. The firm holds these securities as investment adviser to one or more investment partnerships or pooled investment vehicles and states that the position is held in the ordinary course of business, without the purpose or effect of changing or influencing control of the issuer.
American Public Education, Inc. (APEI) has a significant passive shareholder, Divisadero Street Capital Management, LP, and related entities. As of December 31, 2025, they report beneficial ownership of 1,671,558 shares of APEI common stock, representing 9.2% of the outstanding class.
Within this group, Divisadero Street Partners, L.P. and its general partner report beneficial ownership of 1,586,558 shares, or 8.8% of the class. All voting and dispositive powers are reported as shared rather than sole, and the filer certifies the holdings are not for the purpose of changing or influencing control of APEI.
Fernandes Nuno S. reported disposition transactions in a Form 4 filing for APEI. The filing lists transactions totaling 3,684 shares at a weighted average price of $44.15 per share. Following the reported transactions, holdings were 78,712 shares.
American Public Education, Inc. executive Thomas Beckett, the SVP and General Counsel, reported two tax-related share dispositions on Common Stock. On February 9, 2026, the issuer withheld 1,537 shares and 1,892 shares at $44.15 per share to cover tax obligations from vesting restricted stock units. After these non‑open‑market, tax-withholding dispositions, Beckett directly owned 51,916 shares of Common Stock.