[Form 4] ARGAN INC Insider Trading Activity

Rhea-AI Filing Summary

Argan, Inc. (AGX) insider activity: On October 13, 2025, a company officer exercised stock options and sold shares. The officer exercised 5,235 options at $43.10 and 4,765 options at $42.31, then sold 10,000 shares on the open market at an average price of $292.09. Following these transactions, the officer directly owned 21,006 common shares.

The reporting person is identified as an Officer (Chief Executive Officer, Gemma). The filing notes the transactions and resulting holdings, providing transparency into recent insider equity movements.

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

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Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).

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 VA 22203

(City) (State) (Zip)

2. Issuer Name and Ticker or Trading Symbol
ARGAN INC [ AGX ]

5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)

	Director		10% Owner
X	Officer (give title below)		Other (specify below)
	CHIEF EXECUTIVE OFFICER, GEMMA

3. Date of Earliest Transaction (Month/Day/Year)
10/13/2025

4. If Amendment, Date of Original Filed (Month/Day/Year)

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

X	Form filed by One Reporting Person
	Form filed by More than One Reporting Person

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)
			Code	V	Amount	(A) or (D)	Price
Common Stock	10/13/2025		M		5,235(1)	A	$43.1	26,241	D
Common Stock	10/13/2025		M		4,765(2)	A	$42.31	31,006	D
Common Stock	10/13/2025		S		10,000(3)	D	$292.09	21,006	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)
				Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares
Option to Purchase Common Stock	$43.1	10/13/2025		M			5,235(1)	09/12/2019	09/12/2028	Common Stock	5,235	$43.1	29,500	D
Option to Purchase Common Stock	$42.31	10/13/2025		M			4,765(2)	09/10/2020	09/10/2029	Common Stock	4,765	$42.31	24,735	D

Explanation of Responses:

1. On October 13, 2025, the Reporting Person exercised the remaining portion of his stock option awarded on September 12, 2018 to purchase 5,235 shares of the Issuer's common stock at a price of $43.10 per share.

2. On October 13, 2025, the Reporting Person exercised a portion of his stock option awarded on September 10, 2019 to purchase 4,765 shares of the Issuer's common stock at a price of $42.31 per share.

3. On October 13, 2025, the Reporting Person sold 10,000 shares of the Issuer's common stock on the open market at an average price of $292.09 per share.

	/s/ Charles E. Collins IV	10/15/2025
	** 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.
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FAQ

What insider transactions were reported for AGX?

An officer exercised 5,235 options at $43.10 and 4,765 options at $42.31, and sold 10,000 shares at an average price of $292.09 on October 13, 2025.

How many AGX shares does the insider own after the transactions?

The officer directly owns 21,006 shares after the reported transactions.

What were the exercise prices for the AGX stock options?

The options were exercised at $43.10 and $42.31 per share.

At what price were the AGX shares sold?

10,000 shares were sold at an average price of $292.09 per share.

When did the AGX insider transactions occur?

All transactions occurred on October 13, 2025.

Who is the reporting person in the AGX filing?

An Officer listed as Chief Executive Officer, Gemma filed the report.