AMERICAN PUBLIC EDUCATION IN

Ticker: APEI CUSIP: 02913V103 Class: Common Stock

Police & Firemen's Retirement System of New Jersey's Holding History (CIK: 0002040686)

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

Q4 2025

Shares 4,796 Value ($000) $181 Avg Close $35.80 Range $30.20 - $39.83

Q3 2025

Shares 4,796 Value ($000) $189 Avg Close $31.74 Range $27.74 - $39.73

Q2 2025

Shares 3,625 Value ($000) $110 Avg Close $26.44 Range $20.75 - $31.62

Q1 2025

Shares 3,157 Value ($000) $70 Avg Close $21.67 Range $18.77 - $25.60

Q4 2024

Shares 3,157 Value ($000) $68 Avg Close $17.98 Range $13.45 - $23.84

Period	Shares	Value ($000)	Average Close	Price Range
Q4 2025	4,796	$181	$35.80	$30.20 - $39.83
Q3 2025	4,796	$189	$31.74	$27.74 - $39.73
Q2 2025	3,625	$110	$26.44	$20.75 - $31.62
Q1 2025	3,157	$70	$21.67	$18.77 - $25.60
Q4 2024	3,157	$68	$17.98	$13.45 - $23.84