Did the AGX Form 4 include any gifts or tax-related share withholdings?

The Form 4 did not report gifts or tax-withholding dispositions. The transaction summary shows only open-market sales of 11,873 shares and option exercises for 3,333 shares, with no gift or tax-withholding share entries disclosed.

Argan (NYSE: AGX) CEO sells 11,873 shares and exercises options

Filing Impact

(Very High)

Filing Sentiment

(Very Negative)

Form Type

Rhea-AI Filing Summary

ARGAN INC president and CEO David Hibbert Watson reported a mix of stock sales and option exercises in company shares. On June 15, 2026, he sold 9,993 common shares in open-market trades at an average price of $651.22 per share. On June 16, 2026, he sold a further 1,880 shares at an average price of $707.35 per share and exercised stock options covering a total of 3,333 shares at exercise prices of $39.47, $61.22, and $148.72 per share using the net settle method. The filing reflects both profit-taking sales and increased direct ownership from option exercises.

Insider Trade Summary

Net Seller: 11,873 shares ($7,837,459)

Net Sell 8 txns

Insider Watson David Hibbert

Role PRESIDENT AND CEO

Sold 11,873 shs ($7.84M)

Type	Security	Shares	Price	Value
Exercise	Option to Purchase Common Stock	1,666	$39.47	$66K
Exercise	Option to Purchase Common Stock	1,000	$61.22	$61K
Exercise	Option to Purchase Common Stock	667	$148.72	$99K
Exercise	Common Stock	862	$39.47	$34K
Exercise	Common Stock	588	$61.22	$36K
Exercise	Common Stock	430	$148.72	$64K
Sale	Common Stock	1,880	$707.35	$1.33M
Sale	Common Stock	9,993	$651.22	$6.51M

Holdings After Transaction: Option to Purchase Common Stock — 4,415 shares (Direct, null); Common Stock — 40,867 shares (Direct, null)

Footnotes (1)

On June 15, 2026, the Reporting Person sold 9,993 shares of the Issuer's common stock on the open market at an average price of $651.22 per share. On June 16, 2026, the Reporting Person exercised the remaining portion of his stock option awarded on April 17, 2023 to purchase 1,666 shares of the Issuer's common stock at a price of $39.47 per share using the net settle method. On June 16, 2026, the Reporting Person exercised a portion of his stock option awarded on April 16, 2024 to purchase 1,000 shares of the Issuer's common stock at a price of $61.22 per share using the net settle method. On June 16, 2026, the Reporting Person exercised a portion of his stock option awarded on April 16, 2025 to purchase 667 shares of the Issuer's common stock at a price of $148.72 per share using the net settle method. On June 16, 2026 the Reporting Person sold 1,880 shares of the Issuer's common stock on the open market at an average price of $707.35 per share.

Key Figures

Shares sold total: 11,873 shares First sale average price: $651.22 per share Second sale average price: $707.35 per share +4 more

7 metrics

Shares sold total 11,873 shares Net open-market sales reported in Form 4

First sale average price $651.22 per share 9,993 shares sold on June 15, 2026

Second sale average price $707.35 per share 1,880 shares sold on June 16, 2026

Options exercised shares 3,333 shares Total underlying common shares from option exercises

Lowest option strike $39.47 per share Option award dated April 17, 2023

Mid option strike $61.22 per share Option award dated April 16, 2024

Highest option strike $148.72 per share Option award dated April 16, 2025

Key Terms

open market, stock option, net settle method, derivative security

4 terms

open market financial

"sold 9,993 shares of the Issuer's common stock on the open market at an average price"

An open market is a system where buying and selling of goods, services, or financial assets happen freely without restrictions or special controls. For investors, it means they can trade assets easily and quickly, which helps determine fair prices based on supply and demand. This environment encourages transparency and competition, making it easier to buy or sell with confidence.

stock option financial

"exercised the remaining portion of his stock option awarded on April 17, 2023"

A stock option is a contract that gives you the right to buy or sell a company's stock at a specific price within a certain time frame. People use them to potentially make money if the stock's price moves favorably or to protect against losses. It's like holding a coupon that can be used to buy or sell stock at a set price later on.

net settle method financial

"to purchase 1,666 shares of the Issuer's common stock at a price of $39.47 per share using the net settle method"

derivative security financial

"transaction_code_description": "Exercise or conversion of derivative security""

A derivative security is a financial contract whose value comes from the price or performance of something else, such as a stock, bond, commodity, or market index. For investors it acts like an insurance policy or a wager: it can be used to protect against losses, lock in prices, or amplify gains and losses, so it can change a portfolio’s risk and potential return without owning the underlying asset directly.

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Form 4 Insider Transactions: What Each Field Means →

06/16/2026 - 04:30 PM

SEC Form 4

FORM 4

UNITED 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^*

Watson David Hibbert

(Last)

(First)

(Middle)

4075 WILSON BOULEVARD

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)

X	Director	10% Owner
X	Officer (give title below)	Other (specify below)
	PRESIDENT AND CEO

2a. Foreign Trading Symbol

3. Date of Earliest Transaction (Month/Day/Year)
06/15/2026

6. Individual or Joint/Group Filing (Check Applicable Line)

X	Form 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)
1. Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	Code	V	Amount	(A) or (D)	Price		6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)
Common Stock	06/15/2026		S		9,993⁽¹⁾	D	$651.22	40,005	D
Common Stock	06/16/2026		M		862⁽²⁾	A	$39.47	40,867	D
Common Stock	06/16/2026		M		588⁽³⁾	A	$61.22	41,455	D
Common Stock	06/16/2026		M		430⁽⁴⁾	A	$148.72	41,885	D
Common Stock	06/16/2026		S		1,880⁽⁵⁾	D	$707.35	40,005	D

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)
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)	Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares	8. Price of Derivative Security (Instr. 5)		10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)
Option to Purchase Common Stock	$39.47	06/16/2026		M			1,666⁽²⁾	04/17/2024	04/17/2033	Common Stock	1,666	$39.47	4,415	D
Option to Purchase Common Stock	$61.22	06/16/2026		M			1,000⁽³⁾	04/16/2025	04/16/2034	Common Stock	1,000	$61.22	3,415	D
Option to Purchase Common Stock	$148.72	06/16/2026		M			667⁽⁴⁾	04/16/2026	04/16/2035	Common Stock	667	$148.72	2,748	D

Explanation of Responses:

1. On June 15, 2026, the Reporting Person sold 9,993 shares of the Issuer's common stock on the open market at an average price of $651.22 per share.

2. On June 16, 2026, the Reporting Person exercised the remaining portion of his stock option awarded on April 17, 2023 to purchase 1,666 shares of the Issuer's common stock at a price of $39.47 per share using the net settle method.

3. On June 16, 2026, the Reporting Person exercised a portion of his stock option awarded on April 16, 2024 to purchase 1,000 shares of the Issuer's common stock at a price of $61.22 per share using the net settle method.

4. On June 16, 2026, the Reporting Person exercised a portion of his stock option awarded on April 16, 2025 to purchase 667 shares of the Issuer's common stock at a price of $148.72 per share using the net settle method.

5. On June 16, 2026 the Reporting Person sold 1,880 shares of the Issuer's common stock on the open market at an average price of $707.35 per share.

	/s/ David H. Watson	06/16/2026
	** Signature of Reporting Person	Date
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 transactions did AGX CEO David Hibbert Watson report?

David Hibbert Watson reported selling common stock and exercising options. He sold 9,993 shares on June 15, 2026 and 1,880 shares on June 16, 2026, while also exercising options for 3,333 shares on June 16, 2026.

How many ARGAN INC (AGX) shares did the CEO sell in this Form 4?

The CEO sold a total of 11,873 AGX common shares. This included 9,993 shares on June 15, 2026 at an average price of $651.22 and 1,880 shares on June 16, 2026 at an average price of $707.35, all in open-market trades.

What stock options did the AGX CEO exercise in the latest Form 4?

He exercised options covering 3,333 AGX shares on June 16, 2026. These related to awards from April 2023, April 2024, and April 2025 with exercise prices of $39.47, $61.22, and $148.72 per share, all settled using the net settle method.

Were the AGX CEO’s transactions open-market trades or private deals?

The sales were open-market transactions in AGX common stock. Footnotes state he sold 9,993 shares on June 15, 2026 and 1,880 shares on June 16, 2026 on the open market at specified average prices per share.