Selden Angela K. 4

What Happened Angela K. Selden, President, CEO and Director of American Public Education, had a total of 25,775 shares of common stock withheld by the company on February 9, 2026 to satisfy tax withholding obligations related to vested restricted stock units (RSUs). The withholding occurred in two parts: 11,551 shares at $44.15 each (proceeds $509,977) and 14,224 shares at $44.15 each (proceeds $627,990), for a combined value of approximately $1,137,967. The Form 4 reports these actions as dispositions under transaction code F (tax withholding).

Key Details

• Transaction date: 2026-02-09; reported on Form 4 filed 2026-02-11.
• Prices: $44.15 per share for both withholdings.
• Shares withheld: 11,551 and 14,224 — total 25,775 shares.
• Total value: ~$1,137,967.
• Shares owned after transaction: not specified in the provided filing.
• Footnotes: F1/F2 — issuer withheld shares to pay tax withholding obligations related to vesting of performance-based RSUs and RSUs.
• Transaction type: Code F (shares withheld for tax withholding); not an open‑market sale.

Context This was an administrative, cashless-like withholding to cover tax obligations on vested RSUs—not a voluntary open-market sale. Such withholdings are routine following vesting and do not necessarily indicate the insider’s view of the company’s prospects. Because no purchase or voluntary market sale occurred, the transaction gives limited insight into management’s market sentiment.