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SCHEDULE Filed 2025-06-10 Event 2025-06-06 SEC 0001193805-25-000859 →

325 CAPITAL LLC → AMERICAN PUBLIC EDUCATION INC APEI

Stake: 8.60% Shares: 1,551,748 CUSIP: 02913V103 Class: Common Stock, $0.01 par value per share
Composite Decision Signal · PASS (LOW BASE-RATE EDGE) Conviction Score: 27/100 · Filer 90d Win Rate: 33% · Hist. 90d Edge: +4.1%
  • Filer track record (3 filings): 33% 90d win rate, +4.1% 90d edge
  • High conviction ownership stake (8.6%)
  • Held by 1 tracked 13F institutional manager
  • 12 NPORT-P mutual funds holding CUSIP
  • Elevated short days-to-cover (11.3 DTC)

Item 4 — Purpose of Transaction

Item 4 is hereby amended to add the following: On June 2, 2025, the Reporting Persons entered into a trading plan pursuant to Rule 10b5-1 under the Securities Exchange Act of 1934, as amended (the "June 2025 10b5-1 Trading Plan"). Pursuant to the June 2025 10b5-1 Trading Plan, JonesTrading Institutional Services LLC (the "Broker") agreed to make periodic sales of Shares on behalf of the Reporting Persons through June 6, 2026 to effectuate portfolio rebalancing on behalf of the Reporting Persons. The amount and timing of sales, if any, pursuant to the June 2025 10b5-1 Trading Plan will be determined based on the terms of the June 2025 10b5-1 Trading Plan. This description of the June 2025 10b5-1 Trading Plan does not purport to be complete and is qualified in its entirety by the text of the June 2025 10b5-1 Trading Plan, which is attached as Exhibit 99.1 to this Schedule 13D and incorporated herein by reference.

Cross-References

Insider Activity (last 365d)
64 transactions
14 buys · 18 sales · 2 awards/exercises
Issuer Cluster
2 13D/G filings on this issuer
1 other filing besides this one
Filer Track Record
7 filings by this filer
6 other filings in the data moat
Short Interest · settle 2026-10-15
DTC 11.25
2,583,182 shares short · +9.0% vs prior

Institutional Consensus · 2025-12-31

Held by elite portfolio managers
1 holder · $8.54M
Point72 Asset Mgmt

Post-Filing Returns · since 2025-06-06 on APEI

+1 day
-4.2%
+5 days
-3.4%
+30 days
+6.1%
+60 days
+8.0%
+90 days
+12.3%
+180 days
+23.4%

Anchor price 28.25 on closest trading day on/after 2025-06-06. Source: Yahoo Finance daily adj_close (split + dividend adjusted).

Form 4 Insider Transactions · last 365d

DateInsiderRoleTypeSharesPriceValue
2026-05-13 Fernandes Nuno S. officer Sale 4,500 $53.34 $240K
2026-04-01 Pianko Daniel S. director Award 1,107 $36.15 $40K
2026-03-20 325 CAPITAL LLC — Sale 62,100 $53.74 $3.34M
2026-03-20 325 CAPITAL LLC — Sale 2,900 $54.60 $158K
2026-03-19 325 CAPITAL LLC — Sale 10,477 $54.20 $568K
2026-03-19 Fernandes Nuno S. officer Sale 1,100 $54.08 $59K
2026-03-19 325 CAPITAL LLC — Sale 80,333 $54.79 $4.40M
2026-03-19 325 CAPITAL LLC — Sale 4,702 $55.55 $261K
2026-03-18 325 CAPITAL LLC — Sale 63,500 $55.41 $3.52M
2026-03-17 Gaffney Karmela officer Sale 2,700 $55.87 $151K
2026-03-17 325 CAPITAL LLC — Sale 58,797 $55.85 $3.28M
2026-03-16 325 CAPITAL LLC — Sale 61,962 $55.45 $3.44M
2026-03-16 Beckett Thomas officer Sale 2,000 $57.70 $115K
2026-03-16 Fernandes Nuno S. officer Sale 6,500 $53.87 $350K
2026-03-16 Axenson Tanya Joy officer Sale 10,617 $55.20 $586K
2026-03-16 Axenson Tanya Joy officer Sale 8,817 $56.18 $495K
2026-03-16 Axenson Tanya Joy officer Sale 566 $56.90 $32K
2026-03-10 Gaffney Karmela officer Award 14,425 — —
2026-03-10 Fernandes Nuno S. officer Award 13,770 — —
2026-03-10 Beckett Thomas officer Award 14,425 — —
2026-03-10 Axenson Tanya Joy officer Award 14,425 — —
2026-03-10 Arnold Mark L. officer Award 10,492 — —
2026-03-10 Selden Angela K. director, officer Award 98,352 — —
2026-03-10 Selden Angela K. director, officer F 12,901 $45.51 $587K
2026-03-10 Arnold Mark L. officer F 1,067 $45.51 $49K
Showing 25 of 64

Other 13D/G Filings on AMERICAN PUBLIC EDUCATION INC

FiledFormFilerStakeShares
2026-08-06 SCHEDULE 13G FMR LLC — — view →

Other Filings by 325 CAPITAL LLC

FiledFormIssuerStakeShares
2025-11-07 SCHEDULE MultiSensor AI Holdings, Inc. MSAIW 27.90% 12,961,653 view →
2025-10-28 SCHEDULE MultiSensor AI Holdings, Inc. MSAIW 31.20% 12,961,653 view →
2022-03-31 SC TRANSACT TECHNOLOGIES INC TACT — — view →
2022-02-10 SC TRANSACT TECHNOLOGIES INC TACT — — view →
2022-02-03 SC TRANSACT TECHNOLOGIES INC TACT — — view →
2021-08-09 SC TRANSACT TECHNOLOGIES INC TACT — — view →

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