No Street GP LP reports beneficial ownership of 647,588 shares of American Public Education, Inc. Common Stock, representing 3.5% of the class, as of March 31, 2026. The filing states No Street GP LP acted as investment adviser and has sole voting and dispositive power over the shares.
The percentage calculation references the issuer's reported 18,380,439 shares outstanding as of March 10, 2026. The Schedule 13G/A is signed by Mike Moscuzza as Chief Compliance Officer on behalf of No Street GP.
Positive
None.
Negative
None.
Insights
3.5% stake reported by an adviser; position disclosed under beneficial ownership rules.
No Street GP LP reports 647,588 shares with sole voting and dispositive power as investment adviser. The filing ties the percentage to March 10, 2026 outstanding shares of 18,380,439.
Disclosure is routine under Schedule 13G/A; subsequent filings will show changes if the adviser’s holdings move above filing thresholds.
Amendment clarifies adviser authority and disclaims group status.
The statement explains the adviser role and possible attribution of certain individuals but expressly disclaims group status and individual beneficial ownership. It confirms the adviser was granted authority to vote and dispose of the Securities.
Filing is a compliance-driven disclosure consistent with Rule 13d-1 timing and attribution guidance.
Key Figures
Shares beneficially owned:647,588 sharesPercent of class:3.5%Shares outstanding:18,380,439 shares
3 metrics
Shares beneficially owned647,588 sharesAmount reported by No Street GP LP as of March 31, 2026
Percent of class3.5%Derived from issuer's 18,380,439 shares outstanding as of March 10, 2026
Shares outstanding18,380,439 sharesIssuer reported outstanding shares as of March 10, 2026
Key Terms
beneficial ownership, Schedule 13G/A, sole dispositive power
3 terms
beneficial ownershipregulatory
"It acted as the investment adviser of one or more investment partnerships or pooled investment vehicles that beneficially hold common units"
Beneficial ownership means the person or entity that actually enjoys the benefits of owning shares or other assets — such as receiving dividends, voting rights, or price gains — even if the legal title is held in another name. For investors it matters because knowing who truly controls and profits from a company reveals who can influence decisions, exposes potential conflicts of interest or hidden concentration of power, and affects transparency and risk in the stock.
Schedule 13G/Aregulatory
"This Schedule 13G/A amendment is filed to report the ownership position"
A Schedule 13G/A is an amended public filing with the U.S. securities regulator that updates a previous Schedule 13G, disclosing when an individual or group holds a substantial (typically over 5%) stake in a company and is claiming a passive, non‑controlling intent. Investors monitor these updates because rising or falling holdings can signal changing confidence, potential future moves, or shifts in voting power — like watching a public ledger where large shareholders quietly adjust their positions.
sole dispositive powerfinancial
"Sole power to dispose or to direct the disposition of: 647,588"
Sole dispositive power is the exclusive legal authority to decide what happens to a security — for example, whether to sell, transfer, or retain shares — without needing anyone else’s permission. Investors care because it signals who truly controls the economic outcome of an investment: like holding the only key to a safe, the holder can realize gains or losses and may trigger regulatory reporting, insider rules, or influence over corporate ownership.
No Street GP LP holds 647,588 shares, equal to 3.5% of APEI's common stock. The percentage is based on 18,380,439 shares outstanding as of March 10, 2026, and the position is disclosed in a Schedule 13G/A amendment.
Does No Street GP LP have voting or disposal authority over the APEI shares?
Yes. The filing states No Street GP LP, as investment adviser, has been granted sole power to vote and sole power to dispose of the 647,588 shares. The adviser also reports the partnerships retain dividend and sale proceeds rights.
What date anchors were used to calculate the 3.5% figure?
The ownership amount is reported as of March 31, 2026, while the outstanding share count used for the percentage is 18,380,439 shares as of March 10, 2026. Both dates appear in the Schedule 13G/A amendment.
Did No Street GP LP claim a group with other holders in the filing?
No. The filing expressly disclaims any "group" status or shared investment control and notes that affiliated individuals may beneficially own other securities not reflected in this statement.
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
SCHEDULE 13G
UNDER THE SECURITIES EXCHANGE ACT OF 1934
(Amendment No. 1)
AMERICAN PUBLIC EDUCATION INC
(Name of Issuer)
Common Stock
(Title of Class of Securities)
02913V103
(CUSIP Number)
03/31/2026
(Date of Event Which Requires Filing of this Statement)
Check the appropriate box to designate the rule pursuant to which this Schedule is filed:
Rule 13d-1(b)
Rule 13d-1(c)
Rule 13d-1(d)
schemaVersion:
SCHEDULE 13G
CUSIP Number(s):
02913V103
1
Names of Reporting Persons
No Street GP LP
2
Check the appropriate box if a member of a Group (see instructions)
(a)
(b)
3
Sec Use Only
4
Citizenship or Place of Organization
DELAWARE
Number of Shares Beneficially Owned by Each Reporting Person With:
5
Sole Voting Power
647,588.00
6
Shared Voting Power
0.00
7
Sole Dispositive Power
647,588.00
8
Shared Dispositive Power
0.00
9
Aggregate Amount Beneficially Owned by Each Reporting Person
647,588.00
10
Check box if the aggregate amount in row (9) excludes certain shares (See Instructions)
11
Percent of class represented by amount in row (9)
3.5 %
12
Type of Reporting Person (See Instructions)
IA
SCHEDULE 13G
Item 1.
(a)
Name of issuer:
AMERICAN PUBLIC EDUCATION INC
(b)
Address of issuer's principal executive offices:
111 W CONGRESS STREET, 111 W CONGRESS STREET, CHARLES TOWN, WEST VIRGINIA, 25414.
Item 2.
(a)
Name of person filing:
No Street GP LP
(b)
Address or principal business office or, if none, residence:
505 Montgomery Street, Suite 1250, San Francisco, CA 94111
(c)
Citizenship:
No Street GP LP - Delaware
(d)
Title of class of securities:
Common Stock
(e)
CUSIP No.:
02913V103
Item 3.
If this statement is filed pursuant to §§ 240.13d-1(b) or 240.13d-2(b) or (c), check whether the person filing is a:
(a)
Broker or dealer registered under section 15 of the Act (15 U.S.C. 78o);
(b)
Bank as defined in section 3(a)(6) of the Act (15 U.S.C. 78c);
(c)
Insurance company as defined in section 3(a)(19) of the Act (15 U.S.C. 78c);
(d)
Investment company registered under section 8 of the Investment Company Act of 1940 (15 U.S.C. 80a-8);
(e)
An investment adviser in accordance with § 240.13d-1(b)(1)(ii)(E);
(f)
An employee benefit plan or endowment fund in accordance with § 240.13d-1(b)(1)(ii)(F);
(g)
A parent holding company or control person in accordance with § 240.13d-1(b)(1)(ii)(G);
(h)
A savings associations as defined in Section 3(b) of the Federal Deposit Insurance Act (12 U.S.C. 1813);
(i)
A church plan that is excluded from the definition of an investment company under section 3(c)(14) of the Investment Company Act of 1940 (15 U.S.C. 80a-3);
(j)
A non-U.S. institution in accordance with § 240.13d-1(b)(1)(ii)(J). If filing as a non-U.S. institution in accordance with § 240.13d-1(b)(1)(ii)(J),
please specify the type of institution:
(k)
Group, in accordance with Rule 240.13d-1(b)(1)(ii)(K).
Item 4.
Ownership
(a)
Amount beneficially owned:
No Street GP LP is filing this Schedule 13G because, as of March 31, 2026, it acted as the investment adviser of one or more investment partnerships or pooled investment vehicles that beneficially hold common units that equal the aggregate amount set forth on page 2 of this Schedule 13G (the "Securities"). As investment adviser, No Street GP LP has been granted the authority to dispose of and vote the Securities. The investment partnerships or pooled investment vehicles have the right to receive (or the power to direct the receipt of) dividends received in connection with ownership of the Securities, and the proceeds from the sale of the Securities.
Under the definition of "beneficial ownership" in Rule 13d-3 under the Securities Exchange Act of 1934, it is also possible that one or more members, executive officers or employees of No Street GP LP might be deemed a "beneficial owner" of some or all of the securities to which this Schedule relates in that they might be deemed to share the power to direct the voting or disposition of such securities. Neither the filing of this Schedule nor any of its contents shall be deemed to constitute an admission that any of such individuals is, for any purpose, the beneficial owner of any of the securities to which this Schedule relates, and such beneficial ownership is expressly disclaimed. Further, any such person and/or other persons associated with the Reporting Person or its affiliates may beneficially own additional securities of the Issuer, which securities are not reflected in this Statement and Reporting Person, its affiliates and such persons expressly disclaim any "group" status or shared investment control with respect to such securities.
(b)
Percent of class:
The calculation of percentage of beneficial ownership was derived from the Issuer's Annual Report on Schedule 10-K filed with the Securities and Exchange Commission on March 12, 2026, in which the Issuer stated that the number of common stock outstanding as of March 10, 2026 was 18,380,439 shares.
(c)
Number of shares as to which the person has:
(i) Sole power to vote or to direct the vote:
647,588
(ii) Shared power to vote or to direct the vote:
0
(iii) Sole power to dispose or to direct the disposition of:
647,588
(iv) Shared power to dispose or to direct the disposition of:
0
Item 5.
Ownership of 5 Percent or Less of a Class.
Ownership of 5 percent or less of a class
Item 6.
Ownership of more than 5 Percent on Behalf of Another Person.
Not Applicable
Item 7.
Identification and Classification of the Subsidiary Which Acquired the Security Being Reported on by the Parent Holding Company or Control Person.
Not Applicable
Item 8.
Identification and Classification of Members of the Group.
Not Applicable
Item 9.
Notice of Dissolution of Group.
Not Applicable
Item 10.
Certifications:
By signing below I certify that, to the best of my knowledge and belief, the securities referred to above were acquired and are held in the ordinary course of business and were not acquired and are not held for the purpose of or with the effect of changing or influencing the control of the issuer of the securities and were not acquired and are not held in connection with or as a participant in any transaction having that purpose or effect, other than activities solely in connection with a nomination under § 240.14a-11.
SIGNATURE
After reasonable inquiry and to the best of my knowledge and belief, I certify that the information set forth in this statement is true, complete and correct.
No Street GP LP
Signature:
/s/ Mike Moscuzza
Name/Title:
Mike Moscuzza - Chief Compliance Officer of No Street GP LP
