Argan (NYSE: AGX) director exercises RSUs and receives new grant

Rhea-AI Filing Summary

ARGAN INC director Alexander Lisa Larroque reported equity compensation activity, not open-market trading. On June 10, 2026, she exercised previously granted Time-Based Restricted Stock Units, receiving 533 shares of common stock at a reported price of $0.00 per share, bringing her direct common stock holdings to 883 shares.

On the same date, she was also granted 189 Time-Based Restricted Stock Units, each representing a right to receive one share of common stock. According to the vesting terms, these TRSUs will fully vest on June 10, 2027 or on the date of the 2027 Annual Meeting of Stockholders, whichever occurs first.

Insider Trade Summary

530 shares exercised/converted

Mixed 3 txns

Insider Larroque Alexander Lisa

Role null

Type	Security	Shares	Price	Value
Exercise	Time-Based Restricted Stock Units	530	$0.00	--
Grant/Award	Time-Based Restricted Stock Units	189	$0.00	--
Exercise	Common Stock	533	$0.00	--

Holdings After Transaction: Time-Based Restricted Stock Units — 0 shares (Direct, null); Common Stock — 883 shares (Direct, null)

Footnotes (1)

1. Pursuant to the one-year vesting schedule of the Time-Based Restricted Stock Units ("TRSUs") awarded to the Reporting Person on June 17, 2025, 530 shares of common stock became issuable to the Reporting Person on June 10, 2026 and is adjusted for dividends. On June 10, 2026, the Reporting Person was granted TRSUs covering 189 shares of the Issuer's common stock. The TRSUs will vest fully on June 10, 2027 or on the date of the 2027 Annual Meeting of Stockholders, whichever comes first.

Key Figures

Shares acquired via exercise: 533 shares Common shares held after transactions: 883 shares New TRSU grant: 189 units +3 more

6 metrics

Shares acquired via exercise 533 shares Common stock from TRSU exercise on June 10, 2026

Common shares held after transactions 883 shares Direct holdings following June 10, 2026 transactions

New TRSU grant 189 units Time-Based Restricted Stock Units granted June 10, 2026

Underlying shares for new TRSUs 189 shares Each TRSU represents one share of common stock

Exercised TRSUs 530 units Time-Based Restricted Stock Units exercised into common stock

New TRSU vesting date June 10, 2027 Or date of 2027 Annual Meeting of Stockholders, whichever first

Key Terms

Time-Based Restricted Stock Units, vest fully, Annual Meeting of Stockholders

3 terms

Time-Based Restricted Stock Units financial

"On June 10, 2026, the Reporting Person was granted TRSUs covering 189 shares"

Time-based restricted stock units are a form of employee compensation where individuals are granted company shares that are earned over a set period, often as a reward for staying with the company. These shares typically become fully owned and transferable only after passing specific time milestones, encouraging long-term commitment. For investors, they highlight a company's focus on employee retention and can influence future stock supply and company stability.

vest fully financial

"The TRSUs will vest fully on June 10, 2027 or on the date of the 2027 Annual Meeting"

Annual Meeting of Stockholders financial

"on June 10, 2027 or on the date of the 2027 Annual Meeting of Stockholders"

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Form 4 Insider Transactions: What Each Field Means →

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^*

Larroque Alexander Lisa

(Last) (First) (Middle)

488 8TH AVENUE

(Street)

SAN DIEGO CALIFORNIA 92101

(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)
06/10/2026

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	06/10/2026		M		533(1)	A	$0	883	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
Time-Based Restricted Stock Units	$0	06/10/2026		M			530	(1)	(1)	Common Stock	530	$0	0	D
Time-Based Restricted Stock Units	$0	06/10/2026		A		189		(2)	(2)	Common Stock	189	$0	189	D

Explanation of Responses:

1. Pursuant to the one-year vesting schedule of the Time-Based Restricted Stock Units ("TRSUs") awarded to the Reporting Person on June 17, 2025, 530 shares of common stock became issuable to the Reporting Person on June 10, 2026 and is adjusted for dividends.

2. On June 10, 2026, the Reporting Person was granted TRSUs covering 189 shares of the Issuer's common stock. The TRSUs will vest fully on June 10, 2027 or on the date of the 2027 Annual Meeting of Stockholders, whichever comes first.

	/s/ Lisa Larroque	06/12/2026
	** 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)

FAQ

What insider transactions did Argan (AGX) director Alexander Lisa Larroque report?

Alexander Lisa Larroque reported equity compensation activity, including exercising Time-Based Restricted Stock Units into 533 common shares and receiving a new grant of 189 Time-Based Restricted Stock Units. These transactions reflect awards and vesting, not open-market buying or selling of AGX stock.

How many Argan (AGX) shares does Alexander Lisa Larroque hold after this Form 4?

After the reported transactions, Alexander Lisa Larroque directly holds 883 shares of Argan common stock. This total reflects shares received from exercising previously awarded Time-Based Restricted Stock Units on June 10, 2026, as disclosed in the Form 4 filing.

What are the terms of the new 189 Time-Based Restricted Stock Units at Argan (AGX)?

The new award covers 189 Time-Based Restricted Stock Units, each tied to one share of Argan common stock. These TRSUs will fully vest on June 10, 2027 or on the date of the 2027 Annual Meeting of Stockholders, whichever happens first.

Did the Argan (AGX) director sell any shares in this Form 4 filing?

No share sales were reported. The Form 4 shows only acquisitions through exercising outstanding Time-Based Restricted Stock Units into common stock and receiving a new grant of TRSUs. There were no open-market purchases or sales disclosed in this filing.

What does exercising Time-Based Restricted Stock Units mean for Argan (AGX) insiders?

Exercising Time-Based Restricted Stock Units converts vested units into actual common shares of Argan. In this filing, previously awarded TRSUs vested and became 533 common shares, increasing the director’s direct ownership without involving cash purchases on the open market.