ERIC C. ANDERSEN - 01 Apr 2025 Form 4 Insider Report for AMERICAN PUBLIC EDUCATION INC (APEI)

Role: Director
Signature: /s/ Richard W. Sunderland, Jr., Attorney-in-Fact
Issuer symbol: APEI
Transactions as of: 01 Apr 2025
Transactions value $: $11,639
Form type: 4
Filing time: 01 Apr 2025, 19:35:33 UTC
Previous filing: 06 Mar 2025
Next filing: 13 Jun 2025
SEC: View on sec.gov

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
transaction	APEI	Common Stock, par value $.01	Award	$11.6K	+549	+0.83%	$21.20	66.9K	01 Apr 2025	Direct	F1

* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id	Content
F1	Pursuant to the non-employee director compensation policy (the "Policy") of American Public Education, Inc. (the "Company"), Mr. Andersen is entitled to an annual cash retainer of $80,000 for service on the Board of Directors (the "Board") of the Company. Mr. Andersen elected to receive common stock of the Company in lieu of such cash retainer, with the number of shares calculated based on the closing stock price on the first business day of the year and the shares issued in quarterly installments in advance in accordance with the Policy. Mr. Andersen will not stand for re-election to the Board at the 2025 Annual Meeting of Stockholders to occur on May 23, 2025, prior to the end of the second quarter ended June 30, 2025, and thus the number of shares received was prorated accordingly.

Content

Pursuant to the non-employee director compensation policy (the "Policy") of American Public Education, Inc. (the "Company"), Mr. Andersen is entitled to an annual cash retainer of $80,000 for service on the Board of Directors (the "Board") of the Company. Mr. Andersen elected to receive common stock of the Company in lieu of such cash retainer, with the number of shares calculated based on the closing stock price on the first business day of the year and the shares issued in quarterly installments in advance in accordance with the Policy. Mr. Andersen will not stand for re-election to the Board at the 2025 Annual Meeting of Stockholders to occur on May 23, 2025, prior to the end of the second quarter ended June 30, 2025, and thus the number of shares received was prorated accordingly.