Filing Details
- Accession Number:
- 0001193805-25-000741
- Form Type:
- 4
- Zero Holdings:
- No
- Publication Time:
- 2025-05-29 20:47:31
- Reporting Period:
- 2025-05-27
- Filing Date:
- 2025-05-29
- Accepted Time:
- 2025-05-29 20:47:31
- SEC Url:
- Form 4 Filing
Issuer
| Cik | Name | Symbol | Sector (SIC) | IRS No |
|---|---|---|---|---|
| 1201792 | American Public Education Inc | APEI | Services-Educational Services (8200) | 010724376 |
Insiders
| Cik | Name | Reported Address | Insider Title | Director | Officer | Large Shareholder | Other |
|---|---|---|---|---|---|---|---|
| 1448795 | M. Daniel Friedberg | C/O Sagard Capital 325 Greenwich Avenue Greenwich CT 06830 | No | No | Yes | Yes | |
| 1873893 | 325 Capital Llc | 757 Third Avenue 20Th Floor New York NY 10017 | Yes | No | Yes | Yes | |
| 1908015 | David Michael Braner | 200 Park Avenue 17Th Floor New York NY 10016 | No | No | Yes | Yes | |
| 1908019 | K Anil Shrivastava | 757 Third Avenue 20Th Floor New York NY 10017 | No | No | Yes | Yes | |
| 1972758 | 325 Capital Gp, Llc | 757 Third Avenue 20Th Floor New York NY 10017 | No | No | No | Yes | |
| 1972759 | 325 Capital Master Fund Lp | 190 Elgin Avenue George Town Grand Cayman E9 KY1-9008 | No | No | No | Yes |
Reported Non-Derivative Transactions
| Sec. Name | Acquisiton - Disposition | Date | Amount | Price | Remaning Holdings | Equity Swap Involved | Form Type | Code | Nature of Ownership | Explanation |
|---|---|---|---|---|---|---|---|---|---|---|
| Common Stock, $.01 Par Value | Acquisiton | 2025-05-27 | 85,405 | $29.83 | 1,068,205 | No | 4 | S | Indirect | By: 325 Capital LLC |
| Common Stock, $.01 Par Value | Acquisiton | 2025-05-27 | 2,231 | $29.38 | 1,065,974 | No | 4 | S | Indirect | By: 325 Capital LLC |
| Common Stock, $.01 Par Value | Acquisiton | 2025-05-29 | 46,418 | $29.36 | 1,055,012 | No | 5 | S | Indirect | By: 325 Capital LLC |
| Equity Swap Involved | Form Type | Code | Nature of Ownership | Explanation |
|---|---|---|---|---|
| No | 4 | S | Indirect | By: 325 Capital LLC |
| No | 4 | S | Indirect | By: 325 Capital LLC |
| No | 5 | S | Indirect | By: 325 Capital LLC |
Reported Non-Derivative Holdings
| Sec. Name | Remaning Holdings | Nature of Ownership | Explanation |
|---|---|---|---|
| Common Stock, $.01 Par Value | 23,245 | Indirect | By: Michael D. Braner |
| Common Stock, $.01 Par Value | 347,498 | Indirect | By: 325 Capital Master Fund LP |
Footnotes
- 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 Braner, a United States citizen, Daniel Friedberg, a United States citizen, and Anil Shrivastava, a United States citizen (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 or for any other purpose.
- 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.
- 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 are Managing Members 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.
- 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 are Managing Members of 325. As a result of these relationships, they may be deemed to beneficially own the securities beneficially owned by 325.
Billionaire Hedge Funds
