SCHEDULE 13D/A

American Public Education Inc

Common Stock, $0.01 par value per share · CUSIP: 02913V103

Event date: 2025-06-06

Reporting persons may disclose overlapping interests. Their amounts are shown individually and are not added into a filing total.

Filing-level shares

Unavailable

Percent of class

Unavailable

• 325 Capital Master Fund LPReported CIK 0001972759

  Shares: 347,498.00 · Class: 1.9%

• 325 Capital GP, LLCReported CIK 0001972758

  Shares: 347,498.00 · Class: 1.9%

• 325 CAPITAL LLCReported CIK 0001873893

  Shares: 1,551,748.00 · Class: 8.6%

• Braner Michael DavidReported CIK 0001908015

  Shares: 1,551,748.00 · Class: 8.6%

• FRIEDBERG DANIEL M.Reported CIK 0001448795

  Shares: 1,551,748.00 · Class: 8.6%

• Shrivastava Anil KReported CIK 0001908019

  Shares: 1,551,748.00 · Class: 8.6%

Amounts are as disclosed in this filing. Schedule type alone does not establish investment intent.