Welcome to our dedicated page for American Public SEC filings (Ticker: APEI), a comprehensive resource for investors and traders seeking official regulatory documents including 10-K annual reports, 10-Q quarterly earnings, 8-K material events, and insider trading forms.
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. executive Mark L. Arnold, President of Rasmussen, reported two stock-related transactions in company common shares. On January 30, 2026, the issuer withheld 903 shares at $41.78 per share to cover tax obligations from vesting restricted stock units, leaving him with 6,634 shares directly held.
On February 2, 2026, he acquired 4,617 shares at $0 per share through a grant of restricted stock units under the 2017 Omnibus Incentive Plan, which vest in three equal annual installments starting one year after the grant date. After this grant, he directly owned 11,251 common shares.
The Vanguard Group filed an amended Schedule 13G reporting its beneficial ownership of American Public Education, Inc. common stock as of December 31, 2025. Vanguard reports beneficial ownership of 1,138,861 shares, representing 6.29% of the class.
Vanguard has shared voting power over 148,581 shares and shared dispositive power over 1,138,861 shares, with no sole voting or dispositive power. The filing states the securities are held in the ordinary course of business and not for the purpose of changing or influencing control of the company.
Vanguard notes an internal realignment effective January 12, 2026, after which certain subsidiaries or business divisions that pursue the same investment strategies are expected to report beneficial ownership separately. Vanguard’s clients, including registered investment companies and other managed accounts, have the right to receive dividends and sale proceeds, and no other single person’s interest exceeds 5% of the class.
American Public Education (APEI) reported an insider transaction. On 11/12/2025, the APUS President exercised 5,500 stock options at $10.66 and sold 5,500 common shares at a weighted average price of $34.68. Following the trades, the officer directly owns 82,249 shares and 17,056 options remain beneficially owned. The option exercised was fully vested and carries an expiration of 08/28/2032.
American Public Education, Inc. (APEI) reported an insider transaction by its SVP and Chief HR Officer on 11/12/2025. The officer exercised 10,363 employee stock options at an exercise price of $15.74 per share and, on the same day, sold 10,363 shares of common stock at a $34.7684 weighted-average price.
The filing notes the sale prices ranged from $34.595 to $34.915 per share. Following these transactions, the officer directly beneficially owned 58,403 shares. The related option grant covering 10,363 underlying shares was fully vested and exercisable as of the date of the report and now shows 0 derivative securities remaining.
American Public Education, Inc. filed an amended current report to replace a prior earnings press release with a corrected version. The new press release, dated November 10, 2025, updates the Company’s full year 2025 net income guidance, while all other aspects of the original 8-K remain unchanged.
American Public Education, Inc. (APEI) reported that it issued a press release covering financial results for the three and nine months ended September 30, 2025. The company also scheduled a webcast for 5:00 p.m. ET on November 10, 2025 to discuss these results.
American Public Education, Inc. (APEI) reported higher quarterly results. For the quarter ended September 30, 2025, revenue rose to $163,215 thousand from $153,122 thousand, and income from operations increased to $9,697 thousand from $4,129 thousand. Net income reached $5,560 thousand, with diluted EPS of $0.30 versus $0.04 a year ago.
Growth was broad-based: APUS revenue was $83,137 thousand (up from $76,981 thousand), Rasmussen University was $60,830 thousand (up from $52,604 thousand), and Hondros College of Nursing was $18,440 thousand (up from $15,493 thousand). Operating expenses were stable overall, while depreciation and amortization declined to $3,946 thousand.
APEI completed the sale of Graduate School USA on July 25, 2025 for $0.5 million and recorded a $3,877 thousand loss on sale. The company redeemed all Series A preferred stock on June 23, 2025, recording a $3,501 thousand loss on redemption year-to-date. Cash, cash equivalents, and restricted cash were $193,144 thousand, and long-term debt was $94,368 thousand. Shares outstanding were 18,085,030 as of November 7, 2025.
American Public Education (APEI) reported a Form 4 indicating its EVP & Chief Financial Officer received 8,477 restricted stock units (RSUs) on October 20, 2025. The filing shows these RSUs were acquired at $0 as a stock award and are held directly.
The RSUs vest in three equal annual installments beginning on October 20, 2026. Following the grant, the officer beneficially owns 8,477 shares directly, aligning with the awarded RSUs.
American Public Education, Inc. (APEI) filed a Form 3 initial statement of beneficial ownership for Edward H. Codispoti, its EVP & Chief Financial Officer. The filing states that no securities are beneficially owned as of the event date 10/20/2025.
The form was filed by one reporting person and includes Exhibit 24 – Power of Attorney. This is a routine Section 16 filing establishing the officer’s baseline ownership on record.
American Public Education (APEI) updated third-quarter performance and outlined the impact of the federal government shutdown. Management expects third quarter 2025 consolidated revenue to exceed the top end of its guidance, and APUS net course registrations to exceed the top end of its guidance. These figures are preliminary, unaudited, and subject to completion of quarterly closing procedures, with final results expected in November.
Shutdown impact: APUS estimates approximately 12,700 course registrations were dropped for non-payment on October 11, 2025 for students intending to use Department of Defense tuition assistance, while about 1,700 TA-authorized in the prior fiscal year were not dropped. APUS estimates October 2025 revenue will be lower by about $9.6 million, and net course registrations declined by roughly 35% versus October 2024. The company is evaluating mitigation steps and cannot determine the full impact on fourth quarter and full-year 2025.