QUODD

Insider Transactions last 24 months for American Public Education, Inc. - NSDQ: APEI

Transactions
All	Buy	Sell	Option Exercise

Filer's Name	Relationship/ Title	Trans. Date	Trans. Type	Ownership Type	Security Type	Shares	Price	Trans. Value	Total Shares Owned
Pianko Daniel S.	Director	04/01/2026	AA	Direct	COM	1,107	$36.15	$40,018.05	32,304
325 Capital Llc	Other	03/20/2026	DS	Direct	COM	2,900	$54.60	$158,350.15	836,234
325 Capital Llc	Other	03/20/2026	DS	Direct	COM	62,100	$53.74	$3,337,111.17	839,134
325 Capital Llc	Other	03/19/2026	DS	Direct	COM	4,702	$55.55	$261,204.56	901,234
325 Capital Llc	Other	03/19/2026	DS	Direct	COM	80,333	$54.79	$4,401,509.34	905,936
325 Capital Llc	Other	03/19/2026	DS	Direct	COM	10,477	$54.20	$567,901.59	986,269
Fernandes Nuno S.	President, APUS	03/19/2026	DS	Direct	COM	1,100	$54.08	$59,488.00	83,075
325 Capital Llc	Other	03/18/2026	DS	Direct	COM	63,500	$55.41	$3,518,700.10	996,746
Gaffney Karmela	SVP, Chief Marketing Officer	03/17/2026	DS	Direct	COM	2,700	$55.87	$150,858.99	40,527
325 Capital Llc	Other	03/17/2026	DS	Direct	COM	58,797	$55.85	$3,283,530.22	1,060,246
Axenson Tanya Joy	SVP, Chief HR Officer	03/16/2026	DS	Direct	COM	566	$56.90	$32,207.21	49,917
Axenson Tanya Joy	SVP, Chief HR Officer	03/16/2026	DS	Direct	COM	8,817	$56.18	$495,309.08	50,483
Axenson Tanya Joy	SVP, Chief HR Officer	03/16/2026	DS	Direct	COM	10,617	$55.20	$586,060.52	59,300
Fernandes Nuno S.	President, APUS	03/16/2026	DS	Direct	COM	6,500	$53.87	$350,129.00	84,175
Beckett Thomas	SVP, General Counsel	03/16/2026	DS	Direct	COM	2,000	$57.70	$115,400.00	62,172
325 Capital Llc	Other	03/16/2026	DS	Direct	COM	61,962	$55.45	$3,435,613.21	1,119,043
Selden Angela K.	President and CEO	03/10/2026	DF	Direct	COM	12,901	$45.51	$587,124.51	626,808
Selden Angela K.	President and CEO	03/10/2026	AA	Direct	COM	98,352	$0.00	$0.00	639,709
Arnold Mark L.	President, Rasmussen	03/10/2026	DF	Direct	COM	1,067	$45.51	$48,559.17	20,676
Arnold Mark L.	President, Rasmussen	03/10/2026	AA	Direct	COM	10,492	$0.00	$0.00	21,743
Axenson Tanya Joy	SVP, Chief HR Officer	03/10/2026	DF	Direct	COM	1,729	$45.51	$78,686.79	69,917
Axenson Tanya Joy	SVP, Chief HR Officer	03/10/2026	AA	Direct	COM	14,425	$0.00	$0.00	71,646
Beckett Thomas	SVP, General Counsel	03/10/2026	DF	Direct	COM	2,169	$45.51	$98,711.19	64,172
Beckett Thomas	SVP, General Counsel	03/10/2026	AA	Direct	COM	14,425	$0.00	$0.00	66,341
Fernandes Nuno S.	President, APUS	03/10/2026	DF	Direct	COM	1,807	$45.51	$82,236.57	90,675

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Transaction Type Key First letter: A = Acquired, D = Disposed Second letter: A = Grant, award or other acquisition pursuant to Rule 16b-3(d) C = Conversion of derivative security \| D = Disposition to the issuer of issuer equity securities pursuant to Rule 16b-3(e) \| E = Expiration of short derivative position \| F = Payment of exercise price or tax liability by delivering or withholding securities incident to the receipt, exercise or vesting of a security issued in accordance with Rule 16b-3. \| G = Gift \| H = Expiration (or cancellation) of long derivative position with value received \| I = Discretionary transaction in accordance with Rule 16b-3(f) \| J = Other \| L = Small acquisition under Rule 16a-6 \| M = Exercise or conversion of derivative security exempted pursuant to Rule 16b-3 \| O = Exercise of out-of-the-money derivative security \| P = Open market or private purchase \| S = Open market or private sale \| U = Disposition pursuant to a tender of shares in a change of control transaction \| W = Acquisition or disposition by will or the laws of descent and distribution \| X = Exercise of in-the-money or at-the-money derivative security \| Z = Deposit into or withdrawal from voting trust		Send to Excel

Transaction Type Key
First letter: A = Acquired, D = Disposed
Second letter:
A = Grant, award or other acquisition pursuant to Rule 16b-3(d) C = Conversion of derivative security | D = Disposition to the issuer of issuer equity securities pursuant to Rule 16b-3(e) | E = Expiration of short derivative position | F = Payment of exercise price or tax liability by delivering or withholding securities incident to the receipt, exercise or vesting of a security issued in accordance with Rule 16b-3. | G = Gift | H = Expiration (or cancellation) of long derivative position with value received | I = Discretionary transaction in accordance with Rule 16b-3(f) | J = Other | L = Small acquisition under Rule 16a-6 | M = Exercise or conversion of derivative security exempted pursuant to Rule 16b-3 | O = Exercise of out-of-the-money derivative security | P = Open market or private purchase | S = Open market or private sale | U = Disposition pursuant to a tender of shares in a change of control transaction | W = Acquisition or disposition by will or the laws of descent and distribution | X = Exercise of in-the-money or at-the-money derivative security | Z = Deposit into or withdrawal from voting trust

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Filer's Name	Relationship/ Title	Trans. Date	Trans. Type	Ownership Type	Security Type	Shares	Price	Trans. Value	Total Shares Owned
Axenson Tanya Joy	SVP, Chief HR Officer	11/12/2025	AM	Direct	COM	10,363	$15.74	$163,113.62	68,766
Fernandes Nuno S.	President, APUS	11/12/2025	AM	Direct	COM	5,500	$10.66	$58,630.00	87,749
Macgibbon Craig S	EVP, Chief Information Officer	03/13/2025	AM	Direct	COM	3,487	$15.74	$54,885.38	67,379
Macgibbon Craig S	EVP, Chief Information Officer	05/22/2024	AM	Direct	COM	2,487	$15.74	$39,145.38	44,270
Macgibbon Craig S	EVP, Chief Information Officer	05/20/2024	AM	Direct	COM	1,000	$15.74	$15,740.00	43,283