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$APEI All transactions

AMERICAN PUBLIC EDUCATION INC

▼ SELL

$ Value

$3.3M

Shares

58,797

Price

$56

Filed

Mar 18

Insider

Name

325 CAPITAL LLC

Title

CIK

0001873893

Roles

Other

Transaction Details

Transaction Date

2026-03-17

Code

S

Table

Non-Derivative

Ownership

Direct

Equity Swap

No

Shares After

1,060,246

Footnotes

This Form 4 is being filed jointly by 325 Capital Master Fund LP, a Cayman Islands exempted limited partnership ("325 Master Fund"), 325 Capital GP, LLC, a Delaware limited liability company registered as a foreign partnership in the Cayman Islands ("325 Capital GP"), 325 Capital LLC, a Delaware limited liability company ("325"), Michael Braner, a United States citizen, Daniel Friedberg, a United States citizen, and Anil Shrivastava, a United States citizen (collectively, the "Reporting Persons"). Each Reporting Person disclaims beneficial ownership of the securities reported herein except to the extent of his or its pecuniary interest therein, and this report shall not be deemed to be an admission that any Reporting Person is the beneficial owner of such securities for purposes of Section 16 or for any other purpose. | Securities owned directly by certain separately managed accounts ("SMAs") that are deemed beneficially owned by 325 as a result of 325 serving as the investment manager to such SMAs. Each of Messrs. Braner, Friedberg and Shrivastava are Managing Members of 325. As a result of these relationships, they may be deemed to beneficially own the securities beneficially owned by 325. | Mr. Braner serves on the Board of Directors of the Issuer (the "Board") as a representative of 325 and its affiliates, 325 is entitled to receive the direct economic interest in securities granted to Mr. Braner by the Issuer in respect of Mr. Braner's Board membership. Mr. Braner disclaims beneficial ownership of the Issuer's securities to which this report relates, and at no time has Mr. Braner had any economic interest in such securities except any indirect economic interest through 325 and its affiliates. | Securities owned directly by 325 Master Fund. 325 Capital GP is the general partner of 325 Master Fund, 325 is the investment manager to 325 Master Fund, and each of Messrs. Braner, Friedberg and Shrivastava are Managing Members of 325. As a result of these relationships, all of the Reporting Persons may be deemed to beneficially own the securities owned directly by 325 Master Fund.

Filing Info

Accession No.

0001193805-26-000291

Form Type

4

Issuer CIK

0001201792

325 CAPITAL LLC's History

Date Ticker Type Value
2026-03-20 APEI $3.3M
2026-03-20 APEI $158K
2026-03-19 APEI $568K
2026-03-19 APEI $4.4M
2026-03-19 APEI $261K
2026-03-18 APEI $3.5M
2026-03-17 APEI $3.3M
2026-03-16 APEI $3.4M
2026-03-01 TACT M $0
2026-03-01 TACT M $0

Other Insiders at APEI (90d)

Insider Bought Sold Last
Beckett Thomas
SVP, General Counsel
$115K 2026-03-16
Selden Angela K.
President and CEO
2026-03-10
Pianko Daniel S. 2026-04-01
325 CAPITAL LLC $15.7M 2026-03-20
Axenson Tanya Joy
SVP, Chief HR Officer
$1.1M 2026-03-16
Fernandes Nuno S.
President, APUS
$410K 2026-03-19
Gaffney Karmela
SVP, Chief Marketing Officer
$151K 2026-03-17
Arnold Mark L.
President, Rasmussen
2026-03-10