{"url_path":"/sec/apei/10-q/2026/item-2","section_key":"item-2","section_title":"Item 2 Unregistered Sales of Equity Securities and Use of Proceeds","topic":"sec","document":{"doc_type":"10-Q","doc_date":"2026-05-11","source_url":"https://www.sec.gov/Archives/edgar/data/1201792/0001201792-26-000008-index.html","accession_number":"0001201792-26-000008","cik":"0001201792","ticker":"APEI","issuer_name":"AMERICAN PUBLIC EDUCATION INC","edgar_url":"https://www.sec.gov/Archives/edgar/data/1201792/0001201792-26-000008-index.html","primary_entity_key":"0001201792","primary_entity_name":"AMERICAN PUBLIC EDUCATION INC"},"word_count":289,"has_tables":true,"body_markdown":"Item 2. Unregistered Sales of Equity Securities and Use of Proceeds\n\nRepurchases\n\nThe table and footnotes below provide details regarding our repurchase programs (unaudited):\n\nTotal Number of Shares PurchasedAverage Price Paid per ShareTotal Number of Shares Purchased as Part of Publicly Announced Plans or Programs (1)Maximum Number of Shares that May Yet Be Purchased Under the Plans or Programs (2)Approximate Dollar Value of Shares that May Yet Be Purchased Under the Plans or Programs (2)(3)\n\nJanuary 1, 2026— — — — 5,979,687 \n\nJanuary 1 - January 31, 2026— — — 66,582 5,979,687 \n\nFebruary 1 - February 28, 2026— — — 297,411 5,979,687 \n\nMarch 1 - March 31, 202617,840 56.07 17,840 — 48,999,720 \n\nTotal17,840 $56.07 17,840 — $48,999,720 \n\n \n\n(1)On March 10, 2026, our Board approved a common stock repurchase program of up to $50.0 million in the aggregate. This program replaces the prior repurchase authorizations described in footnotes 3 and 4 of this table.\n\n(2)On December 9, 2011, our Board approved a common stock repurchase program under which we could annually purchase up to the cumulative number of shares issued or deemed issued in that year under our equity incentive and stock purchase plans. The authorization under this repurchase program was terminated in connection with our March 2026 purchase authorization as described in footnote 2 of this table.\n\n(3)On May 2, 2019, our Board approved a common stock repurchase program of up to $35.0 million, and on December 5, 2019, our Board approved an additional authorization of up to $25.0 million. Further, on November 27, 2023, our Board approved an additional authorization of up to $10.0 million. The authorization under this program was terminated in connection with our March 2026 purchase authorization as described in footnote 2 of this table."}