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sellWeak cluster of 2

Nuno S. Fernandes sold $191k of APEI

President, APUS at AMERICAN PUBLIC EDUCATION INC. 5,500 shares at an average of $34.68, traded Nov 12, 2025, filed Nov 13, 2025.

Warning score
25
Value
$191k
5,500 shares
Holdings after
82,249
-6% from before
From 52-week low
+102%
low $17.32, close $34.96
From 52-week high
-11%
high $39.47, as of Nov 12, 2025

Score components

  • Role
    President
    +20
  • Trade size
    $191k at market
    +12
  • Share of holdings sold
    Sold 6.3% of holdings
    0
  • Cluster
    2 insiders selling within 14 days
    +8
  • Exercise and sell
    Shares came from an option exercise in the same filing
    -15

What happened after comparable sells

Same side and tier, against the S&P 500, at 1, 3 and 6 months. Shown to Pro users; the whole table is on the backtest page.

This signal so far: 1m +6.9%, 3m +25.7%, 6m +57.3%.

Price around the trade, and since

From a quarter before the trade to today. The arrow is the trade, the circle the day the filing reached EDGAR, which is the first day anyone outside could act; the dotted line is the S&P 500 rebased to that day's close.

APEIOct 9, 2026 · close 47.87
Since filing Nov 13, 2025: +38.6%SPY +17.0% · excess +21.5%

Daily candles, adjusted for splits and dividends. Green arrows are insider buys, red are sells, sized by value; the dashed line is the close on the filing day, the dotted line SPY rebased to it.Charts by TradingView Lightweight Charts™

Rows in this filing

Every transaction in Form 4 0001123292-25-000638, as filed. Open on EDGAR

DateTransactionSharesPriceValueHoldings afterFiled
Nov 12, 2025MOption exercise
Common Stock, par value $.01
+5,500$10.66$59k87,749Nov 13, 2025
Nov 12, 2025SOpen-market sale
Common Stock, par value $.01
-5,500$34.68$191k82,249Nov 13, 2025
Nov 12, 2025MOption exercise
Employee Stock Option (right to buy)derivative
-5,500$0.00$017,056Nov 13, 2025

Related signals

Other insiders at AMERICAN PUBLIC EDUCATION INC and this insider’s other filings.

ScoreCompanyInsiderValueHoldingsFiled
10Weak
APEIsell 210b5-1
AMERICAN PUBLIC EDUCATION INC
James Kenigsberg
Chief Inno & Tech Officer
$60k
1,313 shares
-3%
34Weak
APEIsell 2
AMERICAN PUBLIC EDUCATION INC
Nuno S. Fernandes
President, APUS
$397k
8,800 shares
-10%
5Weak
APEIsell10b5-1
AMERICAN PUBLIC EDUCATION INC
Thomas Beckett
SVP, General Counsel
$108k
2,000 shares
-4%
16Weak
APEIsell10b5-1
AMERICAN PUBLIC EDUCATION INC
Thomas Beckett
SVP, General Counsel
$414k
8,000 shares
-13%
33Weak
APEIsell
AMERICAN PUBLIC EDUCATION INC
Nuno S. Fernandes
President, APUS
$240k
4,500 shares
-5%
53Moderate
APEIsell 5
AMERICAN PUBLIC EDUCATION INC
325 Capital LLC
other
$8.7M
160,512 shares
-16%
42Moderate
APEIsell 5
AMERICAN PUBLIC EDUCATION INC
Nuno S. Fernandes
President, APUS
$59k
1,100 shares
-1%
41Moderate
APEIsell 5
AMERICAN PUBLIC EDUCATION INC
Karmela Gaffney
SVP, Chief Marketing Officer
$151k
2,700 shares
-6%
53Moderate
APEIsell 5
AMERICAN PUBLIC EDUCATION INC
325 Capital LLC
other
$10M
184,259 shares
-16%
65Notable
APEIsell 5
AMERICAN PUBLIC EDUCATION INC
Tanya Joy Axenson
SVP, Chief HR Officer
$1.1M
20,000 shares
-29%

Not investment advice. Scores and forward returns are decision support built from public SEC filings and past prices; they describe what happened after comparable filings, not what will happen after this one. Do your own research and size your risk.

Nuno S. Fernandes sold $191k of APEI | InsiderTell