Argan Inc (AGX) director William F. Griffin Jr. transfers 5,000 shares between trusts

Rhea-AI Filing Summary

Argan, Inc. insider William F. Griffin, Jr., a director and non-executive chairman, reported an internal trust-to-trust transfer of company stock. On December 1, 2025, he moved 5,000 shares of Argan common stock from the Griffin Family Trust to the William F. Griffin Jr. Revocable Trust at a stated price of $0. The filing states this resulted in no change in his overall beneficial ownership of Argan shares.

After the transaction, the Griffin Family Trust held 0 shares, while the William F. Griffin Jr. Revocable Trust held 140,976 shares indirectly for his benefit. An additional 11,650 shares were indirectly held through the Peach Pit Foundation, for which his wife serves as trustee. No derivative securities were reported.

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)
12/01/2025

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	12/01/2025		J		5,000(1)	D	$0	0	I	By the Griffin Family Trust
Common Stock	12/01/2025		J		5,000(1)	A	$0	140,976	I	By William F Griffin Jr Revocable Trust U/A DTD FBO 12/09/04
Common Stock								11,650	I	By Peach Pit Foundation, Sharon K. Griffin, Trustee (wife of Reporting Person)

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 1, 2025, the Reporting Person transferred 5,000 shares of the Issuer's common stock from the Griffin Family Trust to the William F Griffin Jr. Revocable Trust; no change in beneficial ownership.

	/s/ William F. Griffin, Jr.	12/02/2025
	** 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 Inc (AGX) report for William F. Griffin, Jr.?

The report shows that on December 1, 2025, William F. Griffin, Jr. transferred 5,000 shares of Argan Inc. common stock from the Griffin Family Trust to the William F Griffin Jr Revocable Trust. The filing notes there was no change in his beneficial ownership as a result.

How many Argan Inc (AGX) shares does William F. Griffin, Jr. indirectly own after this Form 4?

Following the reported transaction, the William F Griffin Jr Revocable Trust held 140,976 shares of Argan Inc. common stock indirectly for his benefit, and the Peach Pit Foundation, where his wife is trustee, held an additional 11,650 shares.

Did the Argan Inc (AGX) insider transaction involve any cash consideration?

The transaction is reported at a price of $0 per share for the transfer of 5,000 shares between the Griffin Family Trust and the William F Griffin Jr Revocable Trust, indicating an internal reallocation rather than an open-market trade.

What is William F. Griffin, Jr.’s role at Argan Inc (AGX)?

William F. Griffin, Jr. is reported as a Director and listed under "Other" as Gemma, Non-Executive Chairman, indicating leadership and board responsibilities associated with Argan’s operations.

Were any derivative securities reported in this Argan Inc (AGX) Form 4 filing?

The section for derivative securities such as options or warrants is present but contains no reported derivative transactions, indicating only common stock holdings and transfers were disclosed.

Why does the Argan Inc (AGX) Form 4 say there was no change in beneficial ownership?

The explanation states that the 5,000-share movement was a transfer from the Griffin Family Trust to the William F Griffin Jr Revocable Trust, both associated with the same reporting person, so his overall beneficial ownership remained unchanged.