APEI (NASDAQ: APEI) exec sells 1,100 shares at $54.08

Rhea-AI Filing Summary

AMERICAN PUBLIC EDUCATION INC executive Nuno S. Fernandes, President of APUS, reported an open-market sale of 1,100 shares of common stock at $54.08 per share. After this transaction, he directly owns 83,075 shares. The sale represents a relatively small portion of his reported holdings.

Insider Trade Summary

Net Seller: 1,100 shares ($59,488)

Net Sell 1 txn

Insider Fernandes Nuno S.

Role President, APUS

Sold 1,100 shs ($59K)

Type	Security	Shares	Price	Value
Sale	Common Stock, par value $.01	1,100	$54.08	$59K

Holdings After Transaction: Common Stock, par value $.01 — 83,075 shares (Direct)

Footnotes (1)

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^*

Fernandes Nuno S.

(Last) (First) (Middle)

111 WEST CONGRESS STREET

(Street)

CHARLES TOWN WEST VIRGINIA 25414

(City) (State) (Zip)

UNITED STATES

(Country)

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)
	President, APUS

2a. Foreign Trading Symbol

3. Date of Earliest Transaction (Month/Day/Year)
03/19/2026

6. Individual or Joint/Group Filing (Check Applicable Line)

X	Form filed by One Reporting Person
	Form filed by More than One Reporting Person

4. If Amendment, Date of Original Filed (Month/Day/Year)

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	03/19/2026		S		1,100	D	$54.08	83,075	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:

	/s/ Edward Codispoti, Attorney-in-Fact	03/20/2026
	** 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.
* Form 4: SEC 1474 (03-26)

FAQ

What insider transaction did APEI executive Nuno S. Fernandes report?

Nuno S. Fernandes reported an open-market sale of 1,100 shares of AMERICAN PUBLIC EDUCATION INC common stock. The transaction was executed at a reported price of $54.08 per share, according to the Form 4 insider trading filing.

At what price did the APEI insider sell shares in this Form 4?

The reported sale price was $54.08 per share of AMERICAN PUBLIC EDUCATION INC common stock. This price reflects the transaction terms disclosed for the 1,100 shares sold in the open-market sale reported on the Form 4.

How many APEI shares does Nuno S. Fernandes hold after this sale?

Following the reported transaction, Nuno S. Fernandes directly holds 83,075 shares of AMERICAN PUBLIC EDUCATION INC common stock. This post-transaction balance is disclosed in the Form 4 as his direct ownership position after selling 1,100 shares.

What is the role of Nuno S. Fernandes at AMERICAN PUBLIC EDUCATION INC (APEI)?

Nuno S. Fernandes serves as President, APUS at AMERICAN PUBLIC EDUCATION INC. His officer title is disclosed in the Form 4 insider trading report that details his open-market sale of 1,100 shares of the company’s common stock.

Was the APEI insider transaction a buy or a sell?

The transaction was a sale of AMERICAN PUBLIC EDUCATION INC common stock. The Form 4 lists the transaction code as “S,” described as a sale in an open market or private transaction, for 1,100 shares at $54.08 per share.