Argan CEO sells shares, exercises options
ARGAN INC president and CEO David Hibbert Watson reported a mix of stock sales and option exercises in company shares.
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.
Positive
- None.
Negative
- None.
Insider Trade Summary
Exercise and sale activity reported; no spread calculated
Exercise and Sale
8 txns
Insider
Watson David Hibbert
Role
PRESIDENT AND CEO
Sold
11,873 shs ($7.84M)
Approx. gross sale proceeds
$7.84M
Approx. exercise cost
$226K
| 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 — 10,578 contracts (Direct);
Common Stock — 40,005 shares (Direct)
Footnotes (5)
- F1. 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.
- F2. 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.
- F3. 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.
- F4. 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.
- F5. 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.
FAQ
AI-generated questions and answers. How Rhea-AI works. Not financial advice.
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.
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.
AI-generated analysis. How Rhea-AI works. Not financial advice.
