Argan director exercises 533 shares, gets 189 RSUs

QUINN JAMES W reported acquisition or exercise transactions in this Form 4 filing.

Rhea-AI Filing Summary

QUINN JAMES W reported acquisition or exercise transactions in this Form 4 filing.

ARGAN INC director James W. Quinn reported equity compensation-related transactions with no open-market buying or selling. On June 10, 2026, 530 shares of common stock became issuable to him as earlier-awarded Time-Based Restricted Stock Units vested, increasing his directly held common stock to 15,580 shares.

On the same date, he received a new grant of 189 Time-Based Restricted Stock Units, which will vest fully on June 10, 2027 or on the date of the 2027 Annual Meeting of Stockholders, whichever comes first. Following these transactions, he also indirectly holds 36,223 common shares through the James W. Quinn 2025 GRAT No.1 and directly holds 1,023 Time-Based Restricted Stock Units.

Insider Trade Summary

530 shares exercised/converted

Exercise 4 txns

Insider QUINN JAMES W

Role Director

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

Holdings After Transaction: Time-Based Restricted Stock Units — 1,023 contracts (Direct); Common Stock — 15,580 shares (Direct); Common Stock — 36,223 shares (Indirect, the James W. Quinn 2025 GRAT No.1)

Footnotes (2)

1. F1. Pursuant to the one-year vesting schedule of the Time-Based Restricted Stock Unit ("TRSU") 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. F2. 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

Common shares from RSU vesting: 530 shares New TRSU grant: 189 units Direct common stock holdings: 15,580 shares +3 more

6 metrics

Common shares from RSU vesting 530 shares Became issuable on June 10, 2026 under TRSU award

New TRSU grant 189 units Granted June 10, 2026, vesting by June 10, 2027 or 2027 meeting

Direct common stock holdings 15,580 shares Shares of ARGAN INC common stock held directly after transactions

Time-Based RSUs outstanding 1,023 units Time-Based Restricted Stock Units held directly after grant and conversion

Indirect common stock holdings 36,223 shares Common shares held via the James W. Quinn 2025 GRAT No.1

Exercise transactions 1 transaction, 530 shares Derivative exercise/conversion events summarized in transactionSummary

Key Terms

Time-Based Restricted Stock Units, TRSUs, GRAT, derivative security

4 terms

Time-Based Restricted Stock Units financial

"Pursuant to the one-year vesting schedule of the Time-Based Restricted Stock Unit ("TRSU") 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.

TRSUs financial

"On June 10, 2026, the Reporting Person was granted TRSUs covering 189 shares of the Issuer's common stock."

GRAT financial

"nature_of_ownership": "the James W. Quinn 2025 GRAT No.1""

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.

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Accepted by SEC EDGAR 06/12/2026 - 04:30 PM Learn about SEC filing dates

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^*

QUINN JAMES W

(Last) (First) (Middle)

C/O ALLEN & COMPANY, 711 FIFTH AVENU

(Street)

NEW YORK NEW YORK 10022

(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	15,580	D
Common Stock								36,223	I	the James W. Quinn 2025 GRAT No.1

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	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 Unit ("TRSU") 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/ James W. Quinn	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)