Argan (NYSE: AGX) director moves 140,976 shares to 2025 GRAT trust

Rhea-AI Filing Summary

Argan Inc. director and non-executive chairman William F. Griffin, Jr. reported an internal share transfer between his affiliated trusts. On December 5, 2025, 140,976 shares of Argan common stock were moved from the William F Griffin Jr. Revocable Trust to the William F Griffin 2025 GRAT Trust at a reported price of $0 per share. Following the transaction, the revocable trust no longer held these shares and the 2025 GRAT trust held 140,976 shares indirectly on his behalf.

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

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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^*

Griffin William F Jr

(Last) (First) (Middle)

C/O GEMMA POWER SYSTEMS, 769 HEBRON AVEN

(Street)

GLASTONBURY CT 06033

(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)	X	Other (specify below)
			GEMMA, NON-EXECUTIVE CHAIRMAN

3. Date of Earliest Transaction (Month/Day/Year)
12/05/2025

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	12/05/2025		J		140,976(1)	D	$0	0	I	By William F Griffin Jr Revocable Trust U/A DTD FBO 12/09/04
Common Stock	12/05/2025		J		140,976(1)	A	$0	140,976	I	William F. Griffin 2025 GRAT 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 December 5, 2025, the Reporting Person transferred 140,976 shares of the Issuer's common stock from the William F Griffin Jr. Revocable Trust to the William F Griffin 2025 GRAT Trust.

	/s/ William F. Griffin, Jr.	12/09/2025
	** 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.
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FAQ

What insider transaction did Argan (AGX) disclose in this Form 4?

The filing reports that on December 5, 2025, William F. Griffin, Jr. transferred 140,976 shares of Argan common stock from the William F Griffin Jr. Revocable Trust to the William F Griffin 2025 GRAT Trust.

Who is the reporting person in this Argan (AGX) Form 4 filing?

The reporting person is William F. Griffin, Jr., who is identified as a director and non-executive chairman of Argan Inc.

Was any price or consideration reported for the 140,976-share transfer at Argan (AGX)?

No cash consideration was reported; the Form 4 shows a transaction price of $0 for the transfer of the 140,976 shares between the two Griffin trusts.

How did the transaction affect holdings of the Griffin Revocable Trust at Argan (AGX)?

After the reported transaction, the William F Griffin Jr. Revocable Trust held 0 shares of Argan common stock, reflecting the full transfer of 140,976 shares to the 2025 GRAT trust.

How many Argan (AGX) shares did the William F Griffin 2025 GRAT Trust hold after the transaction?

Following the December 5, 2025 transfer, the William F Griffin 2025 GRAT Trust held 140,976 shares of Argan common stock indirectly for the reporting person.

What does the transaction code J mean in this Argan (AGX) Form 4?

The Form 4 uses transaction code J for both entries, indicating an other type of transaction, here reflecting an internal transfer of 140,976 shares between trusts associated with the reporting person.