4//SEC Filing
Braner Michael David 4
Accession 0001062993-25-010374
CIK 0001201792other
Filed
May 26, 8:00 PM ET
Accepted
May 27, 4:15 PM ET
Size
17.5 KB
Accession
0001062993-25-010374
Insider Transaction Report
Form 4
Braner Michael David
10% OwnerOther
Transactions
- Award
Common Stock, par value $0.01
2025-05-23+3,752→ 23,245 total
Holdings
- 1,922,610(indirect: By LLC)
Common Stock, par value $0.01
- 347,498(indirect: By: 325 Capital Master Fund LP)
Common Stock, par value $0.01
325 CAPITAL LLC
Director10% OwnerOther
Transactions
- Award
Common Stock, par value $0.01
2025-05-23+3,752→ 23,245 total
Holdings
- 347,498(indirect: By: 325 Capital Master Fund LP)
Common Stock, par value $0.01
- 1,922,610(indirect: By LLC)
Common Stock, par value $0.01
Friedberg Dan
10% OwnerOther
Transactions
- Award
Common Stock, par value $0.01
2025-05-23+3,752→ 23,245 total
Holdings
- 347,498(indirect: By: 325 Capital Master Fund LP)
Common Stock, par value $0.01
- 1,922,610(indirect: By LLC)
Common Stock, par value $0.01
Transactions
- Award
Common Stock, par value $0.01
2025-05-23+3,752→ 23,245 total
Holdings
- 1,922,610(indirect: By LLC)
Common Stock, par value $0.01
- 347,498(indirect: By: 325 Capital Master Fund LP)
Common Stock, par value $0.01
Shrivastava Anil K
10% OwnerOther
Transactions
- Award
Common Stock, par value $0.01
2025-05-23+3,752→ 23,245 total
Holdings
- 1,922,610(indirect: By LLC)
Common Stock, par value $0.01
- 347,498(indirect: By: 325 Capital Master Fund LP)
Common Stock, par value $0.01
325 Capital GP, LLC
Other
Transactions
- Award
Common Stock, par value $0.01
2025-05-23+3,752→ 23,245 total
Holdings
- 1,922,610(indirect: By LLC)
Common Stock, par value $0.01
- 347,498(indirect: By: 325 Capital Master Fund LP)
Common Stock, par value $0.01
Footnotes (5)
- [F1]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 D. Braner, a United States citizen, Daniel M. Friedberg, a United States citizen, and Anil K. Shrivastava, a United States citizen (each, a "Reporting Person," and 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 of the Securities Exchange Act of 1934, as amended ("Section 16") or for any other purpose.
- [F2]Under the director compensation policy for non-employee directors of American Public Education, Inc., each non-employee director receives an annual equity award of restricted stock at each annual meeting of stockholders that vests on the earlier to occur of the anniversary of the award date and the next annual meeting of stockholders.
- [F3]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.
- [F4]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 is a Managing Member of 325. As a result of these relationships, they may be deemed to beneficially own the securities beneficially owned by 325.
- [F5]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 is a Managing Member 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.
Issuer
AMERICAN PUBLIC EDUCATION INC
CIK 0001201792
Entity typeother
Related Parties
1- filerCIK 0001908015
Filing Metadata
- Form type
- 4
- Filed
- May 26, 8:00 PM ET
- Accepted
- May 27, 4:15 PM ET
- Size
- 17.5 KB