[144] ARGAN INC SEC Filing

Rhea-AI Filing Summary

Form 144 notice for ARGAN INC (AGX) reports a proposed sale of common shares by an insider through Morgan Stanley Smith Barney. The filer plans to sell 2,609 shares with an aggregate market value of $625,325.12 on the NYSE, and reports the acquisition of those shares on 09/17/2025 by exercising options under a registered plan and paying cash on the same date. The filing also discloses prior sales by the same person: 3,465 shares sold on 06/26/2025 for $734,630.59. The notice includes the seller's representation that no undisclosed material adverse information is known.

Positive

• Clear compliance disclosure with broker, share counts, and acquisition method provided
• Seller representation that no undisclosed material adverse information is known

Negative

• None.

Insights

Securities Analyst

TL;DR: Routine insider sale notice showing option exercise and planned disposition of 2,609 AGX shares; appears non-material for valuation.

The filing documents a standard Form 144 notification: the holder exercised options and intends to sell the resulting 2,609 shares through Morgan Stanley Smith Barney on the NYSE at an indicated aggregate market value of $625,325.12. The filing also lists a recent sale of 3,465 shares for $734,630.59 on 06/26/2025. There is no earnings, debt, or operational information in this filing, so material impact on company fundamentals is not shown here.

Compliance / Governance Specialist

TL;DR: Filing meets Rule 144 disclosure mechanics; includes required rep that no undisclosed material adverse information exists.

The submission includes required seller representations and signature admonitions concerning false statements. It specifies the broker, sale date, and that the securities were acquired by exercising options under a registered plan and paid in cash. From a governance perspective, the document is a routine compliance disclosure and contains the typical certifications to satisfy Rule 144 and exchange requirements.

Form 144 Filer Information	UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 Form 144 NOTICE OF PROPOSED SALE OF SECURITIES PURSUANT TO RULE 144 UNDER THE SECURITIES ACT OF 1933
FORM 144

144: Filer Information

Filer CIK
Filer CCC
Is this a LIVE or TEST Filing?	LIVE TEST
Submission Contact Information
Name
Phone
E-Mail Address

144: Issuer Information

Name of Issuer

SEC File Number

Address of Issuer

Phone

Name of Person for Whose Account the Securities are To Be Sold

See the definition of "person" in paragraph (a) of Rule 144. Information is to be given not only as to the person for whose account the securities are to be sold but also as to all other persons included in that definition. In addition, information shall be given as to sales by all persons whose sales are required by paragraph (e) of Rule 144 to be aggregated with sales for the account of the person filing this notice.

Relationship to Issuer

144: Securities Information

Title of the Class of Securities To Be Sold	Name and Address of the Broker	Number of Shares or Other Units To Be Sold	Aggregate Market Value	Number of Shares or Other Units Outstanding	Approximate Date of Sale	Name the Securities Exchange
Common	Morgan Stanley Smith Barney LLC Executive Financial Services 1 New York Plaza 8th Floor New York NY 10004	2609	625325.12	13811575	09/17/2025	NYSE

Furnish the following information with respect to the acquisition of the securities to be sold and with respect to the payment of all or any part of the purchase price or other consideration therefor:

144: Securities To Be Sold

Title of the Class	Date you Acquired	Nature of Acquisition Transaction	Name of Person from Whom Acquired	Is this a Gift?	Date Donor Acquired	Amount of Securities Acquired	Date of Payment	Nature of Payment *
Common	09/17/2025	Exercise of options under a registered plan	Issuer			2609	09/17/2025	Cash

* If the securities were purchased and full payment therefor was not made in cash at the time of purchase, explain in the table or in a note thereto the nature of the consideration given. If the consideration consisted of any note or other obligation, or if payment was made in installments describe the arrangement and state when the note or other obligation was discharged in full or the last installment paid.

Furnish the following information as to all securities of the issuer sold during the past 3 months by the person for whose account the securities are to be sold.

144: Securities Sold During The Past 3 Months

Name and Address of Seller	Title of Securities Sold	Date of Sale	Amount of Securities Sold	Gross Proceeds
PETER W. GETSINGER 4075 Wilson Boulevard Suite 440 Arlington VA 22203	Common	06/26/2025	3465	734630.59

144: Remarks and Signature

Remarks

Date of Notice

ATTENTION:

The person for whose account the securities to which this notice relates are to be sold hereby represents by signing this notice that he does not know any material adverse information in regard to the current and prospective operations of the Issuer of the securities to be sold which has not been publicly disclosed. If such person has adopted a written trading plan or given trading instructions to satisfy Rule 10b5-1 under the Exchange Act, by signing the form and indicating the date that the plan was adopted or the instruction given, that person makes such representation as of the plan adoption or instruction date.

Signature

ATTENTION: Intentional misstatements or omission of facts constitute Federal Criminal Violations (See 18 U.S.C. 1001)

FAQ

What does the AGX Form 144 report?

The Form 144 reports a proposed sale of 2,609 ARGAN INC (AGX) common shares with aggregate market value of $625,325.12, to be sold on the NYSE.

Who is the broker handling the AGX sale?

The broker listed is Morgan Stanley Smith Barney LLC at 1 New York Plaza, 8th Floor, New York, NY 10004.

How were the 2,609 shares acquired according to the filing?

The shares were acquired on 09/17/2025 by exercise of options under a registered plan and payment was made in cash on that date.

Has the seller recently sold other AGX shares?

Yes. The filing lists a prior sale by PETER W. GETSINGER of 3,465 shares on 06/26/2025 for $734,630.59.

Does the Form 144 contain operational or financial results for AGX?

No. The filing only discloses proposed and recent insider sales and related transactional details; it contains no earnings, revenue, or balance sheet data.