Argan director sells 5,800 AGX shares in open market

ARGAN INC director William F. Leimkuhler reported open-market sales of 5,800 shares of Argan common stock.

Rhea-AI Filing Summary

ARGAN INC director William F. Leimkuhler reported open-market sales of 5,800 shares of Argan common stock. On April 28, 2026, he sold 5,000 shares directly at an average price of $617.41 per share.

On the same date, the Emily K. Leimkuhler Trust and the Elizabeth K. Leimkuhler Trust, for which he serves as trustee, each sold 400 shares in open-market transactions, at reported prices of $621.14 and $618.61 per share. Following these sales, Leimkuhler holds 36,495 shares directly, and each trust holds 500 shares indirectly attributed to him as trustee.

Insider Trade Summary

Net Seller: 5,800 shares

Net Sell 3 txns

Insider Leimkuhler William F.

Role Director

Sold 5,800 shs ($3.58M)

Type	Security	Shares	Price	Value
Sale	Common Stock	5,000	$617.41	$3.09M
Sale	Common Stock	400	$621.14	$248K
Sale	Common Stock	400	$618.61	$247K

Holdings After Transaction: Common Stock — 36,495 shares (Direct); Common Stock — 500 shares (Indirect, Self as Trustee for Emily K Leimkuhler Trust); Common Stock — 500 shares (Indirect, Self as Trustee for Elizabeth K Leimkuhler Trust)

Footnotes (3)

1. F1. On April 28, 2026 the Reporting Person sold 5,000 shares of the Issuer's common stock on the open market at an average price of $617.41 per share.
2. F2. On April 28, 2026, the Emily K. Leimkuhler Trust, of which the Reporting Person serves as Trustee, sold 400 shares of the Issuer's common stock in an open market transaction.
3. F3. On April 28, 2026, the Elizabeth K. Leimkuhler Trust, of which the Reporting Person serves as Trustee, sold 400 shares of the Issuer's common stock in an open market transaction.

Key Figures

Total shares sold: 5,800 shares Direct sale size: 5,000 shares Average direct sale price: $617.41 per share +4 more

7 metrics

Total shares sold 5,800 shares Net open-market sales on April 28, 2026

Direct sale size 5,000 shares Common stock sold directly by Leimkuhler

Average direct sale price $617.41 per share Average price for 5,000-share direct sale

Trust sale sizes 400 shares each Sales by Emily and Elizabeth K. Leimkuhler Trusts

Trust sale prices $621.14 & $618.61 per share Per-share prices for the two 400-share trust sales

Direct holdings after sale 36,495 shares Leimkuhler’s direct AGX common stock position post-transaction

Indirect holdings per trust 500 shares each Post-transaction shares in Emily and Elizabeth trusts

Key Terms

open market transaction, indirect ownership, trustee, transaction code "S"

4 terms

open market transaction financial

"sold 5,000 shares of the Issuer's common stock on the open market at an average price"

An open market transaction is a buy or sell of publicly traded securities executed on an exchange or other public trading venue where many buyers and sellers can participate. It matters to investors because these trades change the visible supply and demand for a stock—like shoppers moving prices in a busy marketplace—affecting share price, liquidity (how easily you can trade), and sometimes the balance of ownership.

indirect ownership financial

"direct_or_indirect": "I", "nature_of_ownership": "Self as Trustee"

trustee financial

"of which the Reporting Person serves as Trustee, sold 400 shares of the Issuer's common stock"

A trustee is a person or institution legally appointed to hold and manage assets or enforce an agreement on behalf of other people (beneficiaries). Think of a trustee as a neutral referee or custodian who must act in the beneficiaries’ best interests, follow the trust or contract rules, and handle distributions, recordkeeping and enforcement. Investors care because a trustworthy trustee protects their rights, ensures promised payments or remedies are delivered, and can influence recoveries if things go wrong.

transaction code "S" financial

"transaction_code": "S" ... "transaction_code_description": "Sale in open market or private transaction""

FAQ

AI-generated questions and answers. How Rhea-AI works. Not financial advice.

What insider stock transactions did ARGAN INC (AGX) disclose for William F. Leimkuhler?

ARGAN INC reported that director William F. Leimkuhler sold a total of 5,800 shares of common stock on April 28, 2026. This included 5,000 shares sold directly and 800 shares sold by two family trusts where he serves as trustee.

At what prices did William F. Leimkuhler’s ARGAN INC (AGX) share sales occur?

Leimkuhler’s direct sale of 5,000 ARGAN INC shares occurred at an average price of $617.41 per share. The related family trusts sold 400 shares at $621.14 and another 400 shares at $618.61 in separate open-market transactions.

How many ARGAN INC (AGX) shares does William F. Leimkuhler hold after these transactions?

After the April 28, 2026 sales, Leimkuhler holds 36,495 ARGAN INC common shares directly. Each of the Emily K. Leimkuhler Trust and Elizabeth K. Leimkuhler Trust holds 500 shares, which are reported as his indirect holdings in the Form 4 filing.

Were the ARGAN INC (AGX) insider transactions open-market sales or other types of trades?

All three reported transactions were open-market sales of ARGAN INC common stock. The Form 4 identifies them with transaction code “S,” described as sales in open-market or private transactions, and the footnotes specify they were executed on the open market.

Which entities executed the indirect ARGAN INC (AGX) share sales linked to William F. Leimkuhler?

The indirect sales were executed by the Emily K. Leimkuhler Trust and the Elizabeth K. Leimkuhler Trust. Each trust sold 400 ARGAN INC common shares in open-market transactions, with Leimkuhler serving as trustee and reporting the transactions as indirect ownership.

Does the Form 4 for ARGAN INC (AGX) show any option exercises or derivative transactions?

The Form 4 only reports non-derivative transactions in ARGAN INC common stock. It shows three open-market sales and indicates no derivative exercises, conversions, or other derivative transactions in the derivativeSummary or transactionSummary sections.

AI-generated analysis. How Rhea-AI works. Not financial advice.

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Accepted by SEC EDGAR 04/29/2026 - 05:00 PM EDT Learn about SEC filing dates

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^*

Leimkuhler William F.

(Last) (First) (Middle)

43 SALEM STRAITS ROAD

(Street)

DARIEN CONNECTICUT 06820

(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
	Officer (give title below)		Other (specify below)

2a. Foreign Trading Symbol

3. Date of Earliest Transaction (Month/Day/Year)
04/28/2026

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)
			Code	V	Amount	(A) or (D)	Price
Common Stock	04/28/2026		S		5,000(1)	D	$617.41	36,495	D
Common Stock	04/28/2026		S		400(2)	D	$621.14	500	I	Self as Trustee for Emily K Leimkuhler Trust
Common Stock	04/28/2026		S		400(3)	D	$618.61	500	I	Self as Trustee for Elizabeth K Leimkuhler Trust

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. On April 28, 2026 the Reporting Person sold 5,000 shares of the Issuer's common stock on the open market at an average price of $617.41 per share.

2. On April 28, 2026, the Emily K. Leimkuhler Trust, of which the Reporting Person serves as Trustee, sold 400 shares of the Issuer's common stock in an open market transaction.

3. On April 28, 2026, the Elizabeth K. Leimkuhler Trust, of which the Reporting Person serves as Trustee, sold 400 shares of the Issuer's common stock in an open market transaction.

	/s/ William F. Leimkuhler	04/29/2026
	** 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)