AMERICAN PUBLIC EDUCATION IN

Ticker: APEI CUSIP: 02913V103 Class: Common Stock

Independent Advisor Alliance's Holding History (CIK: 0001696899)

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

Q4 2025

Shares 5,943 Value ($000) $225 Avg Close $35.80 Range $30.20 - $39.83

Q3 2025

Shares 5,800 Value ($000) $229 Avg Close $31.74 Range $27.74 - $39.73

Period	Shares	Value ($000)	Average Close	Price Range
Q4 2025	5,943	$225	$35.80	$30.20 - $39.83
Q3 2025	5,800	$229	$31.74	$27.74 - $39.73