Selden Angela K. 4

What Happened
Angela K. Selden, President, CEO and a director of American Public Education, Inc. (APEI), had a total of 25,784 shares withheld to satisfy tax-withholding obligations tied to RSU vesting (dispositions on 2026-01-30 and 2026-01-31) resulting in proceeds of about $1,087,518. She was also granted 44,855 restricted stock units (RSUs) on 2026-02-02 (reported as an acquisition at $0.00).

Key Details

• Transactions:
  • 2026-01-30: 6,048 shares withheld @ $41.78 = $252,685 (tax withholding)
  • 2026-01-31: 8,039 shares withheld @ $42.30 = $340,050 (tax withholding)
  • 2026-01-31: 11,697 shares withheld @ $42.30 = $494,783 (tax withholding)
  • 2026-02-02: Grant of 44,855 RSUs @ $0.00 (award)
• Total shares withheld: 25,784; total proceeds reported: $1,087,518.
• Vesting: RSUs granted under the 2017 Omnibus Incentive Plan; vest in three equal annual installments beginning one year after the grant (footnote).
• Footnotes: Withholdings were issuer-share withholdings to cover tax obligations for vested RSUs and performance-based RSUs.
• Shares owned after the transactions: Not specified in the filing.
• Filing: Reported on Form 4 filed 2026-02-03 — appears timely (no late filing noted).

Context
The withheld-share entries are tax-withholding actions (often called "sell-to-cover") and are not open-market sales indicating disposition for cash needs rather than an investment view. The 44,855 RSU grant is an award subject to multi-year vesting; these are not immediately tradable shares.