[Form 4] ARGAN INC Insider Trading Activity

Rhea-AI Filing Summary

Rainer H. Bosselmann, identified as a former CEO & Director of Argan, Inc. (AGX), filed a Form 4 reporting a disposition of 196,723 shares on 09/15/2025. The filing states this is the reporting person's final filing because he has ended service as an officer/director and is no longer subject to Section 16 reporting. The Form 4 lists Bosselmann's mailing address as Arlington, VA, and shows the filing was signed by Beverley M. Bosselmann, Attorney-in-Fact.

Positive

• Final disclosure provided: The filing explicitly states this is the reporting person's final Form 4, clarifying future reporting status.
• Transaction disclosed: The disposition of 196,723 common shares is reported, meeting Section 16 transparency requirements.

Negative

• Officer departure: The reporting person has ended service as an officer/director, which may be notable to stakeholders.
• Missing transaction details: The excerpt does not include the sale price or additional context for the disposition.

Insights

Corporate Governance Expert

TL;DR: Former officer reported a sizeable share disposition and confirmed end of Section 16 reporting obligations.

The Form 4 documents a direct disposition of 196,723 shares by Rainer H. Bosselmann and explicitly states he has ended service as an officer/director, making this his final Section 16 filing. From a governance perspective, the filing provides clear, required disclosure of the change in reporting status and the share transaction. The filing is signed by an attorney-in-fact, indicating proper execution procedures were followed. The document does not provide context for the sale price, counterparties, or whether any planned trading arrangements were in place.

Securities Compliance Analyst

TL;DR: Form 4 shows a reported disposition and termination of reporting obligations; filing is procedural and compliant in form.

Key facts are plainly stated: issuer Argan, Inc. (AGX); reporting person Rainer H. Bosselmann; transaction date 09/15/2025; disposition of 196,723 common shares; and a statement that this is the reporting person's final filing due to ended service. The Form does not include transaction price information in the provided excerpt nor details of any derivative transactions. The filing fulfills Section 16 disclosure requirements but contains limited transactional detail.

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
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X

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^*

BOSSELMANN RAINER H

(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
	Officer (give title below)	X	Other (specify below)
			Former CEO & Director

3. Date of Earliest Transaction (Month/Day/Year)
09/15/2025

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								196,723(1)	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

Explanation of Responses:

1. The reporting person has ended service as an officer/director and is no longer subject to Section 16 reporting. This is the reporting person's final filing.

	/s/ Rainer H. Bosselmann by Beverley M. Bosselmann, Attorney-in-Fact	09/15/2025
	** 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.
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.

FAQ

What did Rainer H. Bosselmann report on Form 4 for AGX?

The Form 4 reports a disposition of 196,723 common shares by Rainer H. Bosselmann on 09/15/2025 and states this is his final filing after ending service as an officer/director.

Does the Form 4 state that Rainer Bosselmann is still subject to Section 16 reporting?

No. The filing explicitly states the reporting person has ended service as an officer/director and is no longer subject to Section 16 reporting.

Is the transaction price for the 196,723 shares disclosed in the Form 4 content provided?

No. The provided excerpt does not include any price information for the disposition.

Who signed the Form 4 and when?

The filing is signed as /s/ Rainer H. Bosselmann by Beverley M. Bosselmann, Attorney-in-Fact and dated 09/15/2025.

Which company and ticker does this Form 4 relate to?

The Form 4 relates to Argan, Inc. (AGX).