ARGAN (AGX) director Leimkuhler reports TRSU vesting and new equity grant

Filing Impact

(Neutral)

Filing Sentiment

(Neutral)

Form Type

Rhea-AI Filing Summary

Leimkuhler William F. reported acquisition or exercise transactions in this Form 4 filing.

ARGAN INC director William F. Leimkuhler reported routine equity compensation activity. On June 10, 2026, 530 Time-Based Restricted Stock Units (TRSUs) vested into common shares under a one-year schedule from a June 17, 2025 award, and he was granted a new award of 189 TRSUs that will fully vest on June 10, 2027 or at the 2027 Annual Meeting of Stockholders, whichever comes first. Following these transactions, he directly holds 37,028 shares of common stock, 1,023 TRSUs, and indirectly holds 500 shares in each of two trusts for which he serves as trustee.

Insider Trade Summary

530 shares exercised/converted

Mixed 5 txns

Insider Leimkuhler William F.

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	--
holding	Common Stock	--	--	--
holding	Common Stock	--	--	--

Holdings After Transaction: Time-Based Restricted Stock Units — 834 shares (Direct, null); Common Stock — 37,028 shares (Direct, null); Common Stock — 500 shares (Indirect, Self as Trustee for Elizabeth K Leimkuhler Trust)

Footnotes (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 the Issuer's 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

TRSUs vested: 530 shares New TRSU grant: 189 units Common shares held: 37,028 shares +4 more

7 metrics

TRSUs vested 530 shares Time-Based Restricted Stock Units vested into common stock on June 10, 2026

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

Common shares held 37,028 shares Direct ARGAN INC common stock holdings after transactions

TRSUs outstanding 1,023 units Time-Based Restricted Stock Units held after grant and vesting

Trust holdings (Emily trust) 500 shares Indirect common stock held as trustee for Emily K Leimkuhler Trust

Trust holdings (Elizabeth trust) 500 shares Indirect common stock held as trustee for Elizabeth K Leimkuhler Trust

Exercise price $0.00 per unit Stated price for TRSU-related derivative exercise and grant

Key Terms

Time-Based Restricted Stock Units, vest fully, Annual Meeting of Stockholders, derivative exercise/conversion, +1 more

5 terms

Time-Based Restricted Stock Units financial

"Pursuant to the one-year vesting schedule of the Time-Based Restricted Stock Units ("TRSUs") awarded to the Reporting Person"

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 of Stockholders"

Annual Meeting of Stockholders financial

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

derivative exercise/conversion financial

"transaction_action": "derivative exercise/conversion"

grant, award, or other acquisition financial

"transaction_code_description": "Grant, award, or other acquisition"

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Form 4 Insider Transactions: What Each Field Means →

06/12/2026 - 04:30 PM

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^*

Leimkuhler William F.

(Last)

(First)

(Middle)

43 SALEM STRAITS ROAD

(Street)

DARIEN

CONNECTICUT

06820

(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)
1. Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	Code	V	Amount	(A) or (D)	Price		6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)
Common Stock	06/10/2026		M		533⁽¹⁾	A	$0	37,028	D
Common Stock								500	I	Self as Trustee for Elizabeth K Leimkuhler Trust
Common Stock								500	I	Self as Trustee for Emily K Leimkuhler 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)
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)	Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares	8. Price of Derivative Security (Instr. 5)		10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)
Time-Based Restricted Stock Units	$0	06/10/2026		M			530	⁽¹⁾	⁽¹⁾	Common Stock	530	$0	834	D
Time-Based Restricted Stock Units	$0	06/10/2026		A		189		⁽²⁾	⁽²⁾	Common Stock	189	$0	1,023	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 the Issuer's 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/ William F. Leimkuhler	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)

Source: View Original Filing on SEC EDGAR

FAQ

What insider transactions did AGX director William F. Leimkuhler report on June 10, 2026?

He reported equity compensation activity, including vesting of 530 Time-Based Restricted Stock Units into common shares and a new grant of 189 TRSUs. These are routine compensation-related acquisitions, not open-market purchases or sales of ARGAN INC common stock.

How many ARGAN INC shares does William F. Leimkuhler hold after this Form 4?

After the reported transactions, he directly holds 37,028 shares of ARGAN INC common stock and 1,023 Time-Based Restricted Stock Units. He also indirectly holds 500 shares in each of two trusts for which he serves as trustee, according to the Form 4 data.

What are Time-Based Restricted Stock Units (TRSUs) reported for AGX on this Form 4?

Time-Based Restricted Stock Units are equity awards that convert into common shares when vesting conditions based on time are met. In this filing, 530 TRSUs vested into ARGAN INC common shares and a new award of 189 TRSUs was granted to William F. Leimkuhler.

When will the newly granted 189 TRSUs for AGX vest for William F. Leimkuhler?

The 189 newly granted Time-Based Restricted Stock Units will vest fully on June 10, 2027, or on the date of ARGAN INC’s 2027 Annual Meeting of Stockholders, whichever occurs first, as disclosed in the Form 4 footnote for this award.

Does this AGX Form 4 show any open-market buying or selling by William F. Leimkuhler?

No open-market buying or selling is indicated. The transactions involve a derivative exercise of previously awarded TRSUs and a new TRSU grant, both at a stated price of $0.00 per unit, reflecting stock-based compensation rather than market trades.

What indirect holdings in ARGAN INC stock does William F. Leimkuhler report?

He reports indirect ownership of 500 ARGAN INC common shares in a trust for Emily K. Leimkuhler and 500 shares in a trust for Elizabeth K. Leimkuhler, with his role noted as self as trustee for each trust in the ownership description.