2 unchanged sentences
Total Number of Shares Purchased Average Price Paid per Share Total Number of Shares Purchased as Part of Publicly Announced Plans or Programs (1) Maximum Number of Shares that May Yet Be Purchased Under the Plans or Programs (2) Approximate Dollar Value of Shares that May Yet Be Purchased Under the Plans or Programs (2)(3)
−Removed: January 1, 2026 — — — — 5,979,687
−Removed: January 1 - January 31, 2026 — — — 66,582 5,979,687
−Removed: February 1 - February 28, 2026 — — — 297,411 5,979,687
−Removed: March 1 - March 31, 2026 17,840 56.07 17,840 — 48,999,720
+Added: April 1, 2026 — — — — $ 48,999,720
+Added: April 1, 2026 - April 30, 2026 70,365 56.86 70,365 — 44,999,077
+Added: May 1, 2026 - May 31, 2026 — — — — 44,999,077
+Added: June 1, 2026 - June 30, 2026 — — — — 44,999,077
Total 70,365 $ 56.86 70,365 — $ 44,999,077
9 unchanged sentences
Other Information
−Removed: During the three months ended March 31, 2026, none of our directors or officers adopted or terminated a “Rule 10b5-1 trading arrangement” or “non-Rule 10b5-1 trading arrangement,” as each term is defined in Item 408(a) of Regulation S-K, except as described in the table below.
+Added: The Company and Mark Arnold, President of RU, determined on August 5, 2026, that his employment will end effective August 20, 2026.
+Added: Subject to his execution and non-revocation of a separation agreement and general release of claims, Mr.
+Added: Arnold will receive severance benefits under the terms of the American Public Education, Inc.
+Added: Executive Severance Plan (the “Plan”) consistent with the provisions for a termination of Mr.
+Added: Arnold’s employment by us without “Cause” or by Mr.
+Added: Arnold for “Good Reason,” each as defined in the Plan.
+Added: A copy of the Plan is filed as Exhibit 10.2 to our Current Report on Form 8-K filed on May 15, 2017.
+Added: We have begun the process of identifying the next leader of our Health+ division.
+Added: Rule 10b5-1 Trading Arrangements
+Added: During the three months ended June 30, 2026, none of our directors or officers adopted or terminated a “Rule 10b5-1 trading arrangement” or “non-Rule 10b5-1 trading arrangement,” as each term is defined in Item 408(a) of Regulation S-K, except as described in the table below.
Name and Title Date Adopted Character of Trading Agreement Aggregate Number of Shares of Common Stock to be (Sold) Purchased Pursuant to Trading Agreement Duration
−Removed: SVP, General Counsel and Secretary
−Removed: Modification (March 16, 2026) (1) Rule 10b5-1 Trading Arrangement Up to ( 14,000 ) (2)
−Removed: 12/31/2026 (3)
−Removed: (1) On March 16, 2026, Mr.
−Removed: Beckett modified his Rule 10b5-1 trading arrangement adopted on November 24, 2025, or the Original Beckett Arrangement.
−Removed: A description of the material terms of the Original Beckett Arrangement is incorporated herein by reference from the Annual Report.
−Removed: The modification constituted a termination of the Original Beckett Arrangement and the adoption of a new Rule 10b5-1 trading arrangement, or the Modified Beckett Arrangement, pursuant to Rule 10b5-1 under the Exchange Act.
−Removed: Sales under the Modified Beckett Arrangement will not begin until expiration of the applicable 90-day cooling-off period, or June 15, 2026.
+Added: James Kenigsberg
+Added: Chief Innovation and Technology Officer
+Added: May 14, 2026 Rule 10b5-1 Trading Arrangement Up to (9,600)(1)
(1) The figure presented represents shares to be sold upon the vesting of equity awards.
−Removed: The actual number of shares under the Modified Beckett Arrangement may be different than the aggregate number of shares listed due to tax withholdings.
−Removed: (3) The Modified Beckett Arrangement will expire upon the earlier to occur of the completion of all eligible sales during the final sale period from December 15, 2026, through December 31, 2026, and December 31, 2026.
+Added: The actual number of shares under the trading arrangement may be different than the aggregate number of shares listed due to tax withholdings.
+Added: (2) This trading arrangement will expire upon the earlier to occur of the completion of all eligible sales during the final sale period from April 22, 2027 through April 30, 2027, and the date listed in the table.
Exhibit Description
−Removed: 10.1* Credit Agreement, dated March 9, 2026, by and among American Public Education, Inc., the Guarantors, the Lenders and Issuing Lenders from time to time party thereto, and PNC Bank, National Association (1)
−Removed: 10.2* Security and Pledge Agreement, dated March 9, 2026, by and among American Public Education, Inc., the Obligors party thereto, and PNC Bank, National Association (1)
31.1 Certification of Chief Executive Officer pursuant to Rule 13a-14(a) under the Securities Exchange Act of 1934 as adopted pursuant to Section 302 of the Sarbanes-Oxley Act of 2002.
9 unchanged sentences
104 Cover Page Interactive Data File (formatted as Inline XBRL and contained in Exhibit 101)
−Removed: * Portions of this exhibit have been redacted or omitted in compliance with Regulation S-K Item 601(b) and will be furnished supplementally upon request to the SEC.
−Removed: (1) Incorporated by reference to exhibit filed with Registrant’s Annual Report on Form 10-K (File No.
−Removed: 001-33810), filed with the SEC on March 12, 2026.
(1) Filed herewith.
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AMERICAN PUBLIC EDUCATION, INC.
−Removed: /s/ Angela Selden May 11, 2026
+Added: /s/ Angela Selden August 10, 2026
Angela Selden
2 unchanged sentences
/s/ Edward H.
−Removed: Codispoti May 11, 2026
+Added: Codispoti August 10, 2026
Executive Vice President and Chief Financial Officer
1 unchanged sentence
Compared sentence by sentence after normalising whitespace, quotation marks, case and digits, so re-formatting and restated figures do not read as changed language. Wording changes appear as one removal and one addition. The current filing and the prior one are authoritative.