X0508 4 2025-01-02 0001201792 AMERICAN PUBLIC EDUCATION INC APEI 0001552411 ANDERSEN ERIC C. 111 WEST CONGRESS STREET CHARLES TOWN WV 25414 1 0 0 0 0 Common Stock, par value $.01 2025-01-02 4 A 0 1886 21.20 A 66371 D Pursuant to the non-employee director compensation policy (the "Policy") of American Public Education, Inc. (the "Company"), the Reporting Person is entitled to annual cash retainers totaling $160,000 for service on the Board of Directors (the "Board") of the Company and as non-employee Chairperson of the Board. The Reporting Person elected to receive common stock of the Company in lieu of such cash retainers, 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. /s/ Richard W. Sunderland, Jr., Attorney-in-Fact 2025-01-03