AMERICAN PUBLIC EDUCATION IN

Ticker: APEI CUSIP: 02913V103 Class: Common Stock

Banco Santander, S.A.'s Holding History (CIK: 0000891478)

Note: Option positions (PUT/CALL) are excluded.

Q4 2025

Shares 16,706 Value ($000) $631 Avg Close $35.80 Range $30.20 - $39.83

Q3 2025

Shares 16,956 Value ($000) $669 Avg Close $31.74 Range $27.74 - $39.73

Q2 2025

Shares 17,196 Value ($000) $524 Avg Close $26.44 Range $20.75 - $31.62

Q1 2025

Shares 17,196 Value ($000) $384 Avg Close $21.67 Range $18.77 - $25.60

Period	Shares	Value ($000)	Average Close	Price Range
Q4 2025	16,706	$631	$35.80	$30.20 - $39.83
Q3 2025	16,956	$669	$31.74	$27.74 - $39.73
Q2 2025	17,196	$524	$26.44	$20.75 - $31.62
Q1 2025	17,196	$384	$21.67	$18.77 - $25.60