Argan director exercises options, sells shares
Argan Inc. director Peter W. Getsinger reported several transactions in the company’s common stock.
Rhea-AI Filing Summary
Argan Inc. director Peter W. Getsinger reported several transactions in the company’s common stock. On April 1, 2026, he exercised stock options to acquire 6,000 shares at strike prices of $37.13 and $43.70 per share using the net settle method. On April 2, 2026, he sold 2,581 shares in open-market trades at an average price of $552.73 per share and made a bona fide gift of 1,000 shares. After these moves, he directly holds 9,847 shares and also has indirect holdings of 267 shares in a children’s trust and 133 shares in a custody account for a child.
Positive
- None.
Negative
- None.
Insider Trade Summary
Exercise and sale activity reported; no spread calculated
Exercise and Sale
8 txns
Insider
Getsinger Peter W
Role
Director
Sold
2,581 shs ($1.43M)
Approx. gross sale proceeds
$1.43M
Approx. exercise cost
$229K
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Sale | Common Stock | 2,581 | $552.73 | $1.43M |
| Gift | Common Stock | 1,000 | $0.00 | $0.00 |
| Exercise | Option to Purchase Common Stock | 5,000 | $37.13 | $186K |
| Exercise | Option to Purchase Common Stock | 1,000 | $43.70 | $44K |
| Exercise | Common Stock | 4,661 | $37.13 | $173K |
| Exercise | Common Stock | 920 | $43.70 | $40K |
| holding | Common Stock | -- | -- | -- |
| holding | Common Stock | -- | -- | -- |
Holdings After Transaction:
Option to Purchase Common Stock — 17,000 contracts (Direct);
Common Stock — 9,847 shares (Direct);
Common Stock — 267 shares (Indirect, Held in Children\'s Trust);
Common Stock — 133 shares (Indirect, Held in Custody Account for Child)
Footnotes (4)
- F1. On April 1, 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.
- F2. On April 1, 2026, the Reporting Person exercised a portion of his stock option awarded on December 14, 2023 to purchase 1,000 shares of the Issuer's common stock at a price of $43.70 per share, using the net settle method.
- F3. On April 2, 2026, the Reporting Person sold 2,581 shares of the Issuer's common stock on the open market at an average price of $552.73 per share.
- F4. On April 2, 2026, the Reporting Person made a bona fide gift of 1,000 shares of the Issuer's common stock.
Key Figures
Open-market sale: 2,581 shares at $552.73
Option exercise 2021 grant: 5,000 shares at $37.13
Option exercise 2023 grant: 1,000 shares at $43.70
+5 more
8 metrics
Open-market sale
2,581 shares at $552.73
Common Stock sold on April 2, 2026
Option exercise 2021 grant
5,000 shares at $37.13
Stock option exercised on April 1, 2026
Option exercise 2023 grant
1,000 shares at $43.70
Portion of stock option exercised on April 1, 2026
Gifted shares
1,000 shares
Bona fide gift on April 2, 2026
Direct holdings after
9,847 shares
Common Stock directly owned after transactions
Children’s trust holdings
267 shares
Indirectly held in children’s trust
Custody account holdings
133 shares
Indirectly held in custody account for child
Total options exercised
6,000 shares
Aggregate from two option exercises on April 1, 2026
Key Terms
net settle method, bona fide gift, stock option, open market, +1 more
5 terms
net settle method financial
"exercised his stock option ... at a price of $37.13 per share, using the net settle method."
bona fide gift financial
"the Reporting Person made a bona fide gift of 1,000 shares of the Issuer's common stock."
A bona fide gift is a genuine, voluntary transfer of money, property, or benefits from one party to another made without expectation of repayment, services, or hidden conditions. Investors care because such gifts can affect company disclosures, related‑party transaction rules, tax treatment, and perceived conflicts of interest; think of it like someone giving you a present with no strings attached — but on a corporate scale, auditors and regulators need to verify it really is unconditional.
stock option financial
"exercised his stock option awarded on December 14, 2021 to purchase 5,000 shares"
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.
open market financial
"sold 2,581 shares of the Issuer's common stock on the open market at an average price"
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.
derivative security financial
"transaction code description: Exercise or conversion of derivative security"
A derivative security is a financial contract whose value comes from the price or performance of something else, such as a stock, bond, commodity, or market index. For investors it acts like an insurance policy or a wager: it can be used to protect against losses, lock in prices, or amplify gains and losses, so it can change a portfolio’s risk and potential return without owning the underlying asset directly.
FAQ
AI-generated questions and answers. How Rhea-AI works. Not financial advice.
What did Argan (AGX) director Peter Getsinger report on this Form 4?
Director Peter W. Getsinger reported exercising options for 6,000 Argan shares, selling 2,581 shares in open-market trades, and gifting 1,000 shares. The filing also updates his direct and indirect shareholdings after these transactions.
What stock options did Peter Getsinger exercise in Argan (AGX)?
On April 1, 2026, he exercised options for 5,000 shares at $37.13 and 1,000 shares at $43.70, both using the net settle method. These options were originally awarded on December 14, 2021 and December 14, 2023.
What are Peter Getsinger’s Argan (AGX) holdings after these transactions?
Following the reported transactions, he directly owns 9,847 Argan common shares. He also has indirect interests in 267 shares held in a children’s trust and 133 shares held in a custody account for a child, as disclosed in the filing.
What does “net settle method” mean for the Argan (AGX) option exercises?
The filing states his options were exercised using the net settle method, meaning the option exercise was structured so only a net number of shares was delivered. This approach is commonly used to handle exercise costs without separate cash payments.
AI-generated analysis. How Rhea-AI works. Not financial advice.
