[Form 4] AMERICAN PUBLIC EDUCATION INC Insider Trading Activity

Rhea-AI Filing Summary

AMERICAN PUBLIC EDUCATION INC senior vice president and general counsel Thomas Beckett reported an open-market sale of 2,000 shares of common stock on March 16, 2026 at a price of $57.70 per share. After this transaction, he directly holds 62,172 shares. The filing notes that the sale was executed under his Rule 10b5-1 trading plan adopted on November 24, 2025, indicating it was pre-scheduled rather than a discretionary trade.

Insider Trade Summary 10b5-1

Net Seller: 2,000 shares ($115,400)

Net Sell 1 txn

Insider Beckett Thomas

Role SVP, General Counsel

Sold 2,000 shs ($115K)

Type	Security	Shares	Price	Value
Sale	Common Stock, par value $.01	2,000	$57.70	$115K

Holdings After Transaction: Common Stock, par value $.01 — 62,172 shares (Direct)

Footnotes (1)

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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).

X

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 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, General Counsel

3. Date of Earliest Transaction (Month/Day/Year)
03/16/2026

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	03/16/2026		S		2,000(1)	D	$57.7	62,172	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)
				Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares

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 November 24, 2025.

	/s// Edward Codispoti, Attorney-in-Fact	03/17/2026
	** 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.

FAQ

What insider transaction did APEI report for Thomas Beckett?

APEI reported that senior vice president and general counsel Thomas Beckett sold 2,000 shares of common stock. The sale was an open-market transaction executed under a pre-arranged Rule 10b5-1 trading plan adopted on November 24, 2025.

At what price did Thomas Beckett sell APEI shares?

Thomas Beckett sold 2,000 APEI common shares at $57.70 per share. This was an open-market sale, and the pricing detail helps investors understand the approximate transaction value reported in the Form 4 insider trading disclosure.

How many APEI shares does Thomas Beckett hold after the sale?

Following the reported sale, Thomas Beckett directly holds 62,172 shares of AMERICAN PUBLIC EDUCATION INC common stock. This figure, disclosed in the Form 4, shows his remaining equity stake after the 2,000-share open-market disposition.

Was the APEI insider sale made under a Rule 10b5-1 plan?

Yes. The footnote states the sale was effected under Thomas Beckett’s Rule 10b5-1 trading plan adopted on November 24, 2025. Such plans pre-schedule trades, reducing the significance of timing as an indicator of insider sentiment.

What role does Thomas Beckett hold at AMERICAN PUBLIC EDUCATION (APEI)?

Thomas Beckett is identified as a senior vice president and general counsel at AMERICAN PUBLIC EDUCATION INC. His officer status is disclosed in the insider trading report, which shows his transactions in the company’s common stock.

How large is Thomas Beckett’s APEI share sale relative to his holdings?

Beckett sold 2,000 shares and holds 62,172 shares afterward. This indicates he disposed of only a small portion of his direct position, suggesting a limited-scale, routine transaction rather than a major change in ownership.