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Argan (AGX) Gemma CEO gains 13,166 shares from RSU vesting

Filing Impact
(Neutral)
Filing Sentiment
(Neutral)
Form Type
4

Rhea-AI Filing Summary

ARGAN INC executive Charles Edwin Collins IV, CEO of Gemma, reported multiple equity award vestings and option exercises that increased his direct holdings. On April 16–17, 2026, he exercised derivative awards to acquire a total of 13,166 shares of common stock, all coded as option or unit exercises rather than open-market purchases or sales.

Following these transactions, he directly owned 30,320 shares of common stock. Footnotes explain that the vested awards include Renewable Performance-Based Restricted Stock Units, Time-Based Restricted Stock Units, Earnings Per Share Performance-Based Restricted Stock Units, and other performance-based units granted in prior years, which became issuable in 2026 under their one- and three-year vesting schedules.

Positive

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Insider Collins Charles Edwin IV
Role CHIEF EXECUTIVE OFFICER, GEMMA
Type Security Shares Price Value
Exercise Earnings Per Share Performance Based Restricted Stock Units 2,500 $0.00 --
Exercise Performance Based Restricted Stock Units 1,000 $0.00 --
Exercise Renewable Performance Based Restricted Stock Units 4,500 $0.00 --
Exercise Time Based Restricted Stock Units 1,666 $0.00 --
Exercise Common Stock 2,813 $0.00 --
Exercise Common Stock 1,125 $0.00 --
Exercise Common Stock 2,531 $0.00 --
Exercise Common Stock 937 $0.00 --
Exercise Renewable Performance Based Restricted Stock Units 1,000 $0.00 --
Exercise Renewable Performance Based Restricted Stock Units 500 $0.00 --
Exercise Time Based Restricted Stock Units 1,333 $0.00 --
Exercise Time Based Restricted Stock Units 667 $0.00 --
Exercise Common Stock 548 $0.00 --
Exercise Common Stock 270 $0.00 --
Exercise Common Stock 730 $0.00 --
Exercise Common Stock 360 $0.00 --
Holdings After Transaction: Earnings Per Share Performance Based Restricted Stock Units — 7,618 shares (Direct, null); Performance Based Restricted Stock Units — 1,670 shares (Direct, null); Renewable Performance Based Restricted Stock Units — 5,000 shares (Direct, null); Time Based Restricted Stock Units — 2,898 shares (Direct, null); Common Stock — 25,727 shares (Direct, null)
Footnotes (1)
  1. Pursuant to the one-year performance period vesting schedule of the Renewable Performance-Based Restricted Stock Units ("RRSUs") awarded to the Reporting Person on April 16, 2024, 1,000 shares of the Issuer's common stock became issuable to the Reporting Person on April 16, 2026 and is adjusted for dividends. Pursuant to the one-year performance period vesting schedule of the RRSUs awarded to the Reporting Person on April 16, 2025, 500 shares of the Issuer's common stock became issuable to the Reporting Person on April 16, 2026 and is adjusted for dividends. Pursuant to the three-year vesting schedule of the Time-Based Restricted Stock Units ("TRSUs") awarded to the Reporting Person on April 16, 2024, 1,333 shares of the Issuer's common stock became issuable to the Reporting Person on April 16, 2026 and is adjusted for dividends. Pursuant to the three-year vesting schedule of the TRSUs awarded to the Reporting Person on April 16, 2025, 667 shares of the Issuer's common stock became issuable to the Reporting Person on April 16, 2026 is adjusted for dividends. Pursuant to three-year performance period vesting schedule of the Earnings Per Share Performance-Based Restricted Stock Units ("ERSUs") awarded to the Reporting Person on April 17, 2023, 5,000 shares of the Issuer's common stock became issuable to the Reporting Person on April 17, 2026 and is adjusted for dividends. The target number of shares was 2,500. Pursuant to three-year performance period vesting schedule of the Performance Based Restricted Stock Units ("PRSUs") awarded to the Reporting Person on April 17, 2023, 2,000 shares of the Issuer's common stock became issuable to the Reporting Person on April 17, 2026 and is adjusted for dividends. The target number of shares was 1,000. Pursuant to the one-year performance period vesting schedule of the RRSUs awarded to the Reporting Person on April 17, 2023, 4,500 shares of the Issuer's common stock became issuable to the Reporting Person on April 17, 2026 and is adjusted for dividends. Pursuant to the three-year vesting schedule of the TRSUs awarded to the Reporting Person on April 17, 2023, 1,666 shares of the Issuer's common stock became issuable to the Reporting Person on April 17, 2026 and is adjusted for dividends.
Shares acquired via derivative exercises 13,166 shares ExerciseShares from equity award exercises through April 17, 2026
Post-transaction common stock holdings 30,320 shares Direct common shares held after April 17, 2026 transactions
ERSU shares vested 5,000 shares Earnings Per Share Performance-Based RSUs vested April 17, 2026; target 2,500
ERSU target shares 2,500 shares Target for Earnings Per Share Performance-Based RSUs granted April 17, 2023
PRSU shares vested 2,000 shares Performance Based Restricted Stock Units vested April 17, 2026; target 1,000
RRSU shares vested (2023 grant) 4,500 shares Renewable Performance-Based RSUs from April 17, 2023 grant vested April 17, 2026
TRSU shares vested (2023 grant) 1,666 shares Time-Based RSUs from April 17, 2023 grant vested April 17, 2026
Renewable Performance-Based Restricted Stock Units financial
"Pursuant to the one-year performance period vesting schedule of the Renewable Performance-Based Restricted Stock Units ("RRSUs") awarded..."
Time-Based Restricted Stock Units financial
"Pursuant to the three-year vesting schedule of the Time-Based Restricted Stock Units ("TRSUs") awarded..."
Time-based restricted stock units are a form of employee compensation where individuals are granted company shares that are earned over a set period, often as a reward for staying with the company. These shares typically become fully owned and transferable only after passing specific time milestones, encouraging long-term commitment. For investors, they highlight a company's focus on employee retention and can influence future stock supply and company stability.
Earnings Per Share Performance-Based Restricted Stock Units financial
"Pursuant to three-year performance period vesting schedule of the Earnings Per Share Performance-Based Restricted Stock Units ("ERSUs") awarded..."
Performance Based Restricted Stock Units financial
"Pursuant to three-year performance period vesting schedule of the Performance Based Restricted Stock Units ("PRSUs") awarded..."
Form 4 Insider Transactions: What Each Field Means →
SEC Form 4
FORM 4UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934
or Section 30(h) of the Investment Company Act of 1940
OMB APPROVAL
OMB Number:3235-0287
Estimated average burden
hours per response:0.5
Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).
Check this box to indicate that a transaction was made pursuant to a contract, instruction or written plan for the purchase or sale of equity securities of the issuer that is intended to satisfy the affirmative defense conditions of Rule 10b5-1(c). See Instruction 10.
1. Name and Address of Reporting Person*
Collins Charles Edwin IV
(Last)(First)(Middle)
C/O ARGAN, INC.
4075 WILSON BLVD, SUITE 440
(Street)
ARLINGTON VIRGINIA 22203
(City)(State)(Zip)
UNITED STATES
(Country)		2. Issuer Name and Ticker or Trading Symbol
ARGAN INC [ AGX ] 		5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
Director10% Owner
XOfficer (give title below)Other (specify below)
CHIEF EXECUTIVE OFFICER, GEMMA
2a. Foreign Trading Symbol
3. Date of Earliest Transaction (Month/Day/Year)
04/16/2026		6. Individual or Joint/Group Filing (Check Applicable Line)
XForm filed by One Reporting Person
Form filed by More than One Reporting Person
4. If Amendment, Date of Original Filed (Month/Day/Year)

Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1. Title of Security (Instr. 3) 2. Transaction Date (Month/Day/Year)2A. Deemed Execution Date, if any (Month/Day/Year)3. Transaction Code (Instr. 8) 4. Securities Acquired (A) or Disposed Of (D) (Instr. 3, 4 and 5) 5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4) 6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4) 7. Nature of Indirect Beneficial Ownership (Instr. 4)
CodeVAmount(A) or (D)Price
Common Stock04/16/2026M548(1)A$021,554D
Common Stock04/16/2026M270(2)A$021,824D
Common Stock04/16/2026M730(3)A$022,554D
Common Stock04/16/2026M360(4)A$022,914D
Common Stock04/17/2026M2,813(5)A$025,727D
Common Stock04/17/2026M1,125(6)A$026,852D
Common Stock04/17/2026M2,531(7)A$029,383D
Common Stock04/17/2026M937(8)A$030,320D
Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned
(e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 3) 2. Conversion or Exercise Price of Derivative Security 3. Transaction Date (Month/Day/Year)3A. Deemed Execution Date, if any (Month/Day/Year)4. Transaction Code (Instr. 8) 5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5) 6. Date Exercisable and Expiration Date (Month/Day/Year)7. Title and Amount of Securities Underlying Derivative Security (Instr. 3 and 4) 8. Price of Derivative Security (Instr. 5) 9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4) 10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4) 11. Nature of Indirect Beneficial Ownership (Instr. 4)
CodeV(A)(D)Date ExercisableExpiration DateTitleAmount or Number of Shares
Renewable Performance Based Restricted Stock Units$004/16/2026M1,000 (1) (1)Common Stock1,000$010,000D
Renewable Performance Based Restricted Stock Units$004/16/2026M500 (2) (2)Common Stock500$09,500D
Time Based Restricted Stock Units$004/16/2026M1,333 (3) (3)Common Stock1,333$05,231D
Time Based Restricted Stock Units$004/16/2026M667 (4) (4)Common Stock667$04,564D
Earnings Per Share Performance Based Restricted Stock Units$004/17/2026M2,500 (5) (5)Common Stock2,500$07,618D
Performance Based Restricted Stock Units$004/17/2026M1,000 (6) (6)Common Stock1,000$01,670D
Renewable Performance Based Restricted Stock Units$004/17/2026M4,500 (7) (7)Common Stock4,500$05,000D
Time Based Restricted Stock Units$004/17/2026M1,666 (8) (8)Common Stock1,666$02,898D
Explanation of Responses:
1. Pursuant to the one-year performance period vesting schedule of the Renewable Performance-Based Restricted Stock Units ("RRSUs") awarded to the Reporting Person on April 16, 2024, 1,000 shares of the Issuer's common stock became issuable to the Reporting Person on April 16, 2026 and is adjusted for dividends.
2. Pursuant to the one-year performance period vesting schedule of the RRSUs awarded to the Reporting Person on April 16, 2025, 500 shares of the Issuer's common stock became issuable to the Reporting Person on April 16, 2026 and is adjusted for dividends.
3. Pursuant to the three-year vesting schedule of the Time-Based Restricted Stock Units ("TRSUs") awarded to the Reporting Person on April 16, 2024, 1,333 shares of the Issuer's common stock became issuable to the Reporting Person on April 16, 2026 and is adjusted for dividends.
4. Pursuant to the three-year vesting schedule of the TRSUs awarded to the Reporting Person on April 16, 2025, 667 shares of the Issuer's common stock became issuable to the Reporting Person on April 16, 2026 is adjusted for dividends.
5. Pursuant to three-year performance period vesting schedule of the Earnings Per Share Performance-Based Restricted Stock Units ("ERSUs") awarded to the Reporting Person on April 17, 2023, 5,000 shares of the Issuer's common stock became issuable to the Reporting Person on April 17, 2026 and is adjusted for dividends. The target number of shares was 2,500.
6. Pursuant to three-year performance period vesting schedule of the Performance Based Restricted Stock Units ("PRSUs") awarded to the Reporting Person on April 17, 2023, 2,000 shares of the Issuer's common stock became issuable to the Reporting Person on April 17, 2026 and is adjusted for dividends. The target number of shares was 1,000.
7. Pursuant to the one-year performance period vesting schedule of the RRSUs awarded to the Reporting Person on April 17, 2023, 4,500 shares of the Issuer's common stock became issuable to the Reporting Person on April 17, 2026 and is adjusted for dividends.
8. Pursuant to the three-year vesting schedule of the TRSUs awarded to the Reporting Person on April 17, 2023, 1,666 shares of the Issuer's common stock became issuable to the Reporting Person on April 17, 2026 and is adjusted for dividends.
/s/ Charles E. Collins IV04/20/2026
** Signature of Reporting PersonDate
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* If the form is filed by more than one reporting person, see Instruction 4 (b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB Number.
* Form 4: SEC 1474 (03-26)

Source: View Original Filing on SEC EDGAR

FAQ

What insider activity did AGX executive Charles Edwin Collins IV report?

He reported exercising equity awards to acquire common shares. On April 16–17, 2026, Collins exercised multiple restricted stock unit and performance-based unit awards, resulting in the acquisition of 13,166 Argan common shares as part of his equity compensation, with no open-market buys or sales disclosed.

How many ARGAN INC (AGX) shares does Collins hold after these Form 4 transactions?

He directly holds 30,320 common shares after the exercises. The Form 4 shows that, following the April 17, 2026 transactions, Collins’ direct ownership of Argan common stock increased to 30,320 shares, reflecting equity awards that vested and converted into shares.

What types of equity awards vested for AGX’s Gemma CEO in this filing?

Time-based and performance-based restricted stock units vested. The awards include Time-Based Restricted Stock Units, Renewable Performance-Based Restricted Stock Units, Earnings Per Share Performance-Based Restricted Stock Units, and other performance-based RSUs that became issuable under one- and three-year vesting schedules in April 2026.

Did the AGX Form 4 show any open-market buying or selling by Collins?

No open-market purchases or sales are reported. All transactions are coded “M” for derivative exercises or conversions, indicating vesting and settlement of restricted stock and performance units, rather than discretionary market trades at prevailing share prices.

What performance outcome is indicated for AGX’s earnings per share RSUs?

The earnings per share RSUs vested above their target share level. Footnotes state 5,000 shares became issuable from Earnings Per Share Performance-Based Restricted Stock Units on April 17, 2026, compared with a target of 2,500 shares, implying achievement above the initial performance target.

Which grant years are referenced in the AGX executive’s vested awards?

Awards granted in 2023, 2024, and 2025 are referenced. Footnotes describe Renewable Performance-Based, Time-Based, Earnings Per Share Performance-Based, and other performance RSUs granted on April 17, 2023, April 16, 2024, and April 16, 2025 that became issuable in April 2026.