[144] ARGAN INC SEC Filing

Rhea-AI Filing Summary

Form 144 Notice — ARGAN INC (AGX) This filing notifies a proposed sale of 4,698 shares of common stock on 09/29/2025 through Charles Schwab & Co., Inc. The filing states the shares were acquired via equity grants and exercised as options on 04/25/2024 (2,402 shares) and 06/12/2024 (2,296 shares). Aggregate market value of the proposed sale is reported as $1,281,708.36 and the total shares outstanding is listed as 13,811,575. The filer also discloses a prior sale of 2,621 shares on 07/29/2025 with gross proceeds of $617,586.23. The notice includes the required representation that the seller is not aware of undisclosed material adverse information.

Insights

Securities Analyst

TL;DR: Insider filing discloses option-exercised shares and a planned smallblock sale; not obviously material to company capitalization.

The filer reports an upcoming sale of 4,698 shares acquired via equity grants and option exercises, with an aggregate market value of $1,281,708.36. Given the stated 13,811,575 shares outstanding, the notice documents routine insider liquidity rather than a large disposition. The filing also lists a prior sale of 2,621 shares for $617,586.23. These disclosures meet Rule 144 notice requirements and provide transparency about the source of the shares (issuer equity grants and option exercises) and the broker used.

Corporate Governance Expert

TL;DR: The filing documents compliance with Rule 144 for an insider sale arising from equity compensation; procedural rather than governance-negative.

The notice indicates the securities were acquired from the issuer via equity grants and exercised by option on specified dates, and the seller affirms no undisclosed material adverse information. The use of a trading broker and the inclusion of a recent prior sale show adherence to public-disclosure norms for insider transactions. There is no information here indicating unusual governance concerns.

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 Stock	Charles Schwab & Co. Inc. 3000 Schwab Way Westlake TX 76262	4698	1281708.36	13811575	09/29/2025	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 Stock	04/25/2024	EQUITY GRANT	ISSUER			2402	04/25/2024	OPTION EXERCISE
Common Stock	06/12/2024	EQUITY GRANT	ISSUER			2296	06/12/2024	OPTION EXERCISE

* 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
John R. Jeffrey, Jr. 4075 Wilson Boulevard Suite 440 Arlington VA 22203	Common Stock	07/29/2025	2621	617586.23

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)