Argan (AGX) director exercises 10,000 options at $46.35; gifts shares

Argan, Inc. (AGX) director Peter W. Getsinger reported insider transactions on Form 4.

Rhea-AI Filing Summary

Argan, Inc. (AGX) director Peter W. Getsinger reported insider transactions on Form 4. On October 15, 2025, he exercised an option to purchase 10,000 shares at $46.35 per share using a net settle method, resulting in 8,493 shares acquired. That same day, he gifted 333 shares to each of his three children, totaling 999 shares. On October 16, 2025, he transferred 1,000 shares to a donor advised fund managed by Martha's Vineyard Investment Advisors.

Following these transactions, his directly held position was 18,390 shares. The option was originally awarded on January 11, 2018, became exercisable on January 11, 2019, and has an expiration date of January 11, 2028.

Insider Trade Summary

10,000 shares exercised/converted

Exercise 4 txns

Insider Getsinger Peter W

Role Director

Type	Security	Shares	Price	Value
Gift	Common Stock	1,000	$0.00	$0.00
Exercise	Option to Purchase Common Stock	10,000	$46.35	$464K
Exercise	Common Stock	8,493	$46.35	$394K
Gift	Common Stock	999	$0.00	$0.00

Holdings After Transaction: Option to Purchase Common Stock — 21,500 contracts (Direct); Common Stock — 18,390 shares (Direct)

Footnotes (3)

1. F1. On October 15, 2025, the Reporting Person exercised his stock option awarded on January 11, 2018 to purchase 10,000 shares of the Issuer's common stock at a price of $46.35 per share, using the net settle method.
2. F2. On October 15, 2025, the Reporting Person gifted 333 shares to each of his three children.
3. F3. On October 16, 2025, the Reporting Person transferred 1,000 shares of the Issuer's common stock to a donor advised fund managed by Martha's Vineyard Investment Advisors.

FAQ

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

What insider transaction did AGX director Peter W. Getsinger report?

He exercised an option for 10,000 shares at $46.35 per share on October 15, 2025 using a net settle method.

How many shares were acquired upon exercise and how many were owned after?

The net exercise added 8,493 shares. After all transactions, he held 18,390 shares directly.

What share gifts or transfers were reported for AGX?

On October 15, 2025, he gifted 333 shares to each of three children (999 total). On October 16, 2025, he transferred 1,000 shares to a donor advised fund.

What were the option’s key dates and terms?

The option was awarded on January 11, 2018, became exercisable on January 11, 2019, expires on January 11, 2028, and had an exercise price of $46.35.

Were the gifts priced transactions?

Gift transactions were reported at $0 in the filing tables.

What is the ownership form after the transactions?

The filing shows direct ownership of 18,390 shares following the reported transactions.

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

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Accepted by SEC EDGAR 10/17/2025 - 09:26 PM 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^*

Getsinger Peter W

(Last) (First) (Middle)

4075 WILSON BOULEVARD

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)

X	Director		10% Owner
	Officer (give title below)		Other (specify below)

3. Date of Earliest Transaction (Month/Day/Year)
10/15/2025

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	10/15/2025		M		8,493(1)	A	$46.35	20,389	D
Common Stock	10/15/2025		G		999(2)	D	$0	19,390	D
Common Stock	10/16/2025		G		1,000(3)	D	$0	18,390	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	$46.35	10/15/2025		M			10,000(1)	01/11/2019	01/11/2028	Common Stock	10,000	$46.35	21,500	D

Explanation of Responses:

1. On October 15, 2025, the Reporting Person exercised his stock option awarded on January 11, 2018 to purchase 10,000 shares of the Issuer's common stock at a price of $46.35 per share, using the net settle method.

2. On October 15, 2025, the Reporting Person gifted 333 shares to each of his three children.

3. On October 16, 2025, the Reporting Person transferred 1,000 shares of the Issuer's common stock to a donor advised fund managed by Martha's Vineyard Investment Advisors.

	/s/ Peter W. Getsinger	10/17/2025
	** 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.