AMERICAN PUBLIC EDUCATION IN

Ticker: APEI CUSIP: 02913V103 Class: Common Stock

Empowered Funds, LLC's Holding History (CIK: 0001592828)

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

Q4 2025

Shares 110,614 Value ($000) $4,181 Avg Close $35.80 Range $30.20 - $39.83

Q3 2025

Shares 109,464 Value ($000) $4,321 Avg Close $31.74 Range $27.74 - $39.73

Q2 2025

Shares 101,720 Value ($000) $3,098 Avg Close $26.44 Range $20.75 - $31.62

Q1 2025

Shares 97,294 Value ($000) $2,172 Avg Close $21.67 Range $18.77 - $25.60

Q4 2024

Shares 90,623 Value ($000) $1,955 Avg Close $17.98 Range $13.45 - $23.84

Q3 2024

Shares 86,299 Value ($000) $1,273 Avg Close $16.37 Range $11.80 - $20.96

Q2 2024

Shares 82,011 Value ($000) $1,442 Avg Close $15.70 Range $12.24 - $21.04

Q1 2024

Shares 56,299 Value ($000) $799 Avg Close $11.75 Range $9.65 - $16.39

Period	Shares	Value ($000)	Average Close	Price Range
Q4 2025	110,614	$4,181	$35.80	$30.20 - $39.83
Q3 2025	109,464	$4,321	$31.74	$27.74 - $39.73
Q2 2025	101,720	$3,098	$26.44	$20.75 - $31.62
Q1 2025	97,294	$2,172	$21.67	$18.77 - $25.60
Q4 2024	90,623	$1,955	$17.98	$13.45 - $23.84
Q3 2024	86,299	$1,273	$16.37	$11.80 - $20.96
Q2 2024	82,011	$1,442	$15.70	$12.24 - $21.04
Q1 2024	56,299	$799	$11.75	$9.65 - $16.39