AMERICAN PUBLIC EDUCATION IN

Ticker: APEI CUSIP: 02913V103 Class: Common Stock

MORGAN STANLEY's Holding History (CIK: 0000895421)

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

Q4 2025

Shares 406,025 Value ($000) $15,348 Avg Close $35.80 Range $30.20 - $39.83

Q3 2025

Shares 493,728 Value ($000) $19,487 Avg Close $31.74 Range $27.74 - $39.73

Q2 2025

Shares 319,884 Value ($000) $9,744 Avg Close $26.44 Range $20.75 - $31.62

Q1 2025

Shares 71,123 Value ($000) $1,587 Avg Close $21.67 Range $18.77 - $25.60

Q4 2024

Shares 70,524 Value ($000) $1,521 Avg Close $17.98 Range $13.45 - $23.84

Q3 2024

Shares 87,724 Value ($000) $1,294 Avg Close $16.37 Range $11.80 - $20.96

Q2 2024

Shares 307,318 Value ($000) $5,403 Avg Close $15.70 Range $12.24 - $21.04

Q1 2024

Shares 322,994 Value ($000) $4,587 Avg Close $11.75 Range $9.65 - $16.39

Q4 2023

Shares 47,468 Value ($000) $458 Avg Close $6.36 Range $4.05 - $10.20

Q3 2023

Shares 35,097 Value ($000) $175 Avg Close $5.12 Range $4.43 - $6.04

Q2 2023

Shares 63,904 Value ($000) $303 Avg Close $5.44 Range $3.76 - $6.86

Q1 2023

Shares 134,800 Value ($000) $731 Avg Close $10.49 Range $3.78 - $13.74

Q4 2022

Shares 134,096 Value ($000) $1,648 Avg Close $12.40 Range $8.90 - $14.22

Q3 2022

Shares 82,955 Value ($000) $759 Avg Close $12.42 Range $7.83 - $16.79

Q2 2022

Shares 113,344 Value ($000) $1,831 Avg Close $17.04 Range $12.82 - $22.59

Q1 2022

Shares 77,324 Value ($000) $1,642 Avg Close $21.07 Range $16.97 - $24.73

Q4 2021

Shares 80,968 Value ($000) $1,801 Avg Close $23.76 Range $18.11 - $26.66

Q3 2021

Shares 71,538 Value ($000) $1,833 Avg Close $27.39 Range $24.75 - $29.95

Q2 2021

Shares 73,471 Value ($000) $2,082 Avg Close $30.19 Range $24.97 - $36.91

Q1 2021

Shares 46,450 Value ($000) $1,656 Avg Close $31.31 Range $25.50 - $39.19

Q4 2020

Shares 50,805 Value ($000) $1,548 Avg Close $30.75 Range $25.35 - $35.92

Q3 2020

Shares 36,642 Value ($000) $1,033 Avg Close $30.40 Range $26.80 - $41.09

Q2 2020

Shares 39,255 Value ($000) $1,162 Avg Close $27.98 Range $20.56 - $34.63

Q1 2020

Shares 39,587 Value ($000) $947 Avg Close $24.34 Range $18.47 - $29.54

Q4 2019

Shares 75,455 Value ($000) $2,066 Avg Close $24.43 Range $21.51 - $29.00

Q3 2019

Shares 80,929 Value ($000) $1,808 Avg Close $27.45 Range $22.29 - $34.00

Q2 2019

Shares 73,520 Value ($000) $2,175 Avg Close $30.62 Range $27.85 - $34.97

Q1 2019

Shares 70,005 Value ($000) $2,109 Avg Close $30.83 Range $27.20 - $34.86

Q4 2018

Shares 27,701 Value ($000) $789 Avg Close $30.66 Range $26.37 - $37.00

Q3 2018

Shares 36,966 Value ($000) $1,221 Avg Close $38.29 Range $30.45 - $46.15

Q2 2018

Shares 42,383 Value ($000) $1,785 Avg Close $41.81 Range $36.55 - $45.75

Q1 2018

Shares 136,607 Value ($000) $5,874 Avg Close $30.67 Range $23.15 - $45.75

Q4 2017

Shares 58,087 Value ($000) $1,456 Avg Close $23.30 Range $19.30 - $27.40

Q3 2017

Shares 49,064 Value ($000) $1,032 Avg Close $20.33 Range $17.40 - $24.10

Q2 2017

Shares 43,685 Value ($000) $1,033 Avg Close $22.88 Range $20.65 - $26.30

Q1 2017

Shares 73,557 Value ($000) $1,684 Avg Close $23.24 Range $19.35 - $26.20

Q4 2016

Shares 103,176 Value ($000) $2,533 Avg Close $22.36 Range $14.75 - $27.20

Q3 2016

Shares 77,546 Value ($000) $1,536 Avg Close $24.22 Range $18.53 - $30.79

Q2 2016

Shares 100,305 Value ($000) $2,819 Avg Close $24.83 Range $19.25 - $28.64

Q1 2016

Shares 45,343 Value ($000) $935 Avg Close $17.56 Range $13.80 - $22.50

Q4 2015

Shares 87,500 Value ($000) $1,628 Avg Close $21.97 Range $18.56 - $25.17

Q3 2015

Shares 34,214 Value ($000) $803 Avg Close $23.89 Range $19.22 - $27.26

Q2 2015

Shares 181,219 Value ($000) $4,660 Avg Close $26.99 Range $21.30 - $32.56

Q1 2015

Shares 196,650 Value ($000) $5,896 Avg Close $33.33 Range $29.13 - $37.08

Q4 2014

Shares 197,635 Value ($000) $7,287 Avg Close $32.47 Range $26.24 - $37.46

Q3 2014

Shares 129,345 Value ($000) $3,491 Avg Close $31.51 Range $26.98 - $36.47

Q2 2014

Shares 131,062 Value ($000) $4,506 Avg Close $34.85 Range $32.51 - $38.00

Q1 2014

Shares 74,803 Value ($000) $2,624 Avg Close $40.58 Range $33.47 - $46.62

Q4 2013

Shares 144,235 Value ($000) $6,270 Avg Close $41.26 Range $34.40 - $46.69

Q3 2013

Shares 165,079 Value ($000) $6,241 Avg Close $39.36 Range $36.65 - $41.15

Q2 2013

Shares 153,824 Value ($000) $5,717 Avg Close $36.06 Range $31.95 - $39.85

Period	Shares	Value ($000)	Average Close	Price Range
Q4 2025	406,025	$15,348	$35.80	$30.20 - $39.83
Q3 2025	493,728	$19,487	$31.74	$27.74 - $39.73
Q2 2025	319,884	$9,744	$26.44	$20.75 - $31.62
Q1 2025	71,123	$1,587	$21.67	$18.77 - $25.60
Q4 2024	70,524	$1,521	$17.98	$13.45 - $23.84
Q3 2024	87,724	$1,294	$16.37	$11.80 - $20.96
Q2 2024	307,318	$5,403	$15.70	$12.24 - $21.04
Q1 2024	322,994	$4,587	$11.75	$9.65 - $16.39
Q4 2023	47,468	$458	$6.36	$4.05 - $10.20
Q3 2023	35,097	$175	$5.12	$4.43 - $6.04
Q2 2023	63,904	$303	$5.44	$3.76 - $6.86
Q1 2023	134,800	$731	$10.49	$3.78 - $13.74
Q4 2022	134,096	$1,648	$12.40	$8.90 - $14.22
Q3 2022	82,955	$759	$12.42	$7.83 - $16.79
Q2 2022	113,344	$1,831	$17.04	$12.82 - $22.59
Q1 2022	77,324	$1,642	$21.07	$16.97 - $24.73
Q4 2021	80,968	$1,801	$23.76	$18.11 - $26.66
Q3 2021	71,538	$1,833	$27.39	$24.75 - $29.95
Q2 2021	73,471	$2,082	$30.19	$24.97 - $36.91
Q1 2021	46,450	$1,656	$31.31	$25.50 - $39.19
Q4 2020	50,805	$1,548	$30.75	$25.35 - $35.92
Q3 2020	36,642	$1,033	$30.40	$26.80 - $41.09
Q2 2020	39,255	$1,162	$27.98	$20.56 - $34.63
Q1 2020	39,587	$947	$24.34	$18.47 - $29.54
Q4 2019	75,455	$2,066	$24.43	$21.51 - $29.00
Q3 2019	80,929	$1,808	$27.45	$22.29 - $34.00
Q2 2019	73,520	$2,175	$30.62	$27.85 - $34.97
Q1 2019	70,005	$2,109	$30.83	$27.20 - $34.86
Q4 2018	27,701	$789	$30.66	$26.37 - $37.00
Q3 2018	36,966	$1,221	$38.29	$30.45 - $46.15
Q2 2018	42,383	$1,785	$41.81	$36.55 - $45.75
Q1 2018	136,607	$5,874	$30.67	$23.15 - $45.75
Q4 2017	58,087	$1,456	$23.30	$19.30 - $27.40
Q3 2017	49,064	$1,032	$20.33	$17.40 - $24.10
Q2 2017	43,685	$1,033	$22.88	$20.65 - $26.30
Q1 2017	73,557	$1,684	$23.24	$19.35 - $26.20
Q4 2016	103,176	$2,533	$22.36	$14.75 - $27.20
Q3 2016	77,546	$1,536	$24.22	$18.53 - $30.79
Q2 2016	100,305	$2,819	$24.83	$19.25 - $28.64
Q1 2016	45,343	$935	$17.56	$13.80 - $22.50
Q4 2015	87,500	$1,628	$21.97	$18.56 - $25.17
Q3 2015	34,214	$803	$23.89	$19.22 - $27.26
Q2 2015	181,219	$4,660	$26.99	$21.30 - $32.56
Q1 2015	196,650	$5,896	$33.33	$29.13 - $37.08
Q4 2014	197,635	$7,287	$32.47	$26.24 - $37.46
Q3 2014	129,345	$3,491	$31.51	$26.98 - $36.47
Q2 2014	131,062	$4,506	$34.85	$32.51 - $38.00
Q1 2014	74,803	$2,624	$40.58	$33.47 - $46.62
Q4 2013	144,235	$6,270	$41.26	$34.40 - $46.69
Q3 2013	165,079	$6,241	$39.36	$36.65 - $41.15
Q2 2013	153,824	$5,717	$36.06	$31.95 - $39.85