Argan director exercises options, sells shares
ARGAN INC director Jeffrey John Ronald Jr. reported an option exercise and share sale.
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Form Type
4
Rhea-AI Filing Summary
ARGAN INC director Jeffrey John Ronald Jr. reported an option exercise and share sale. On April 21, 2026, he exercised a stock option for 5,000 shares of common stock at $37.13 per share using a net settle method, receiving 4,698 shares of common stock.
That same day, he sold 3,636 shares of common stock in open-market transactions at an average price of $615.40 per share. After these transactions, he held 4,698 shares directly and 8,000 shares indirectly through a John R. Jeffrey IRA.
Insider Trade Summary
Exercise and sale activity reported; no spread calculated
Exercise and Sale
4 txns
Insider
Jeffrey John Ronald Jr.
Role
Director
Sold
3,636 shs ($2.24M)
Approx. gross sale proceeds
$2.24M
Approx. exercise cost
$186K
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise | Option to Purchase Common Stock | 5,000 | $37.13 | $186K |
| Sale | Common Stock | 3,636 | $615.40 | $2.24M |
| Exercise | Common Stock | 4,698 | $37.13 | $174K |
| holding | Common Stock | -- | -- | -- |
Holdings After Transaction:
Option to Purchase Common Stock — 6,500 contracts (Direct);
Common Stock — 4,698 shares (Direct);
Common Stock — 8,000 shares (Indirect, John R. Jeffrey, IRA)
Footnotes (2)
- F1. On April 21, 2026, the Reporting Person sold 3,636 shares of the Issuer's common stock on the open market at an average price of $615.40 per share.
- F2. On April 21, 2026, the Reporting Person exercised his stock option awarded on December 14, 2021 to purchase 5,000 shares of the Issuer's common stock at a price of $37.13 per share, using the net settle method.
Key Figures
Shares sold: 3,636 shares
Sale price: $615.40 per share
Options exercised: 5,000 shares
+4 more
7 metrics
Shares sold
3,636 shares
Open-market sale on April 21, 2026
Sale price
$615.40 per share
Average price for 3,636 shares sold
Options exercised
5,000 shares
Stock option exercise on April 21, 2026
Option exercise price
$37.13 per share
Strike price of option granted December 14, 2021
Shares received on exercise
4,698 shares
Common stock delivered via net settle method
Direct holdings after transactions
4,698 shares
Common stock held directly after April 21, 2026
Indirect IRA holdings
8,000 shares
Common stock held via John R. Jeffrey, IRA
Key Terms
open market, net settle method, stock option, Form 4
4 terms
open market financial
"sold 3,636 shares of the Issuer's common stock on the open market"
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.
net settle method financial
"exercised his stock option ... using the net settle method"
stock option financial
"exercised his stock option awarded on December 14, 2021"
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.
Form 4 regulatory
"INSIDER FILING DATA (Form 4)"
Form 4 is a official document that company insiders, such as executives or major shareholders, file with regulators whenever they buy or sell company shares. It provides transparency about how those with inside knowledge are trading, helping investors see if insiders are confident in the company's prospects or may be selling for personal reasons. This information can influence investor decisions by revealing insiders' perspectives on the company's value.
FAQ
AI-generated questions and answers. How Rhea-AI works. Not financial advice.
What insider transactions did Argan (AGX) director Jeffrey John Ronald Jr. report?
He reported exercising options for 5,000 Argan shares and selling 3,636 shares. The exercise used a net settle method, delivering 4,698 shares, while the 3,636 shares were sold in open-market trades at an average price of $615.40 per share.
What stock options did the Argan (AGX) director exercise in this Form 4?
He exercised a stock option granted on December 14, 2021 to purchase 5,000 Argan common shares at $37.13 per share. The option exercise used a net settle method, resulting in 4,698 shares of common stock being delivered to him.
What are the director’s Argan (AGX) holdings after these transactions?
After the transactions, he held 4,698 Argan common shares directly and 8,000 shares indirectly. The indirect holdings are in an account identified as “John R. Jeffrey, IRA,” reflecting ownership through an individual retirement account rather than direct personal registration.
What does “net settle method” mean in the Argan (AGX) option exercise?
In this context, the net settle method means the director did not receive all 5,000 shares underlying the option. Instead, 4,698 shares were delivered after using part of the value to cover costs, such as exercise price or related obligations, as described in the footnote.
AI-generated analysis. How Rhea-AI works. Not financial advice.
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