144 0001873893 XXXXXXXX LIVE 0001201792 AMERICAN PUBLIC EDUCATION INC 001-33810 111 W CONGRESS STREET CHARLES TOWN WV 25414 (304) 724-3700 325 CAPITAL LLC Director Common Stock, par value $0.01 Jones Trading

900 Island Park Drive Suite 200 Daniel Island SC 29492

215000 12035700.00 18380439 03/16/2026 Nasdaq Common Stock, par value $0.01 08/08/2024 Open market purchases Open market purchases N 744000 08/08/2024 Cash Y Shares of common stock are to be sold between 03/16/2026 and 06/15/2026. Shares of Common Stock to be sold were purchased by entities controlled by 325 Capital LLC between 08/08/2024 and 08/21/2024 in various open market transactions. 03/17/2026 /s/ Michael David Braner, Managing Member