Argan director sells 6,376 shares of stock

Argan Inc. director William F. Leimkuhler reported two open-market sales of the company’s common stock.

Rhea-AI Filing Summary

Argan Inc. director William F. Leimkuhler reported two open-market sales of the company’s common stock. On January 12, 2026, he sold 2,164 shares at an average price of $318.28 per share, and on January 13, 2026, he sold 4,212 shares at an average price of $320.53 per share, for a total of 6,376 shares sold.

After these transactions, Leimkuhler directly beneficially owned 60,983 shares of Argan common stock. The filing classifies him as a director and indicates the form is filed by one reporting person.

Insider Trade Summary

Net Seller: 6,376 shares

Net Sell 2 txns

Insider Leimkuhler William F.

Role Director

Sold 6,376 shs ($2.04M)

Type	Security	Shares	Price	Value
Sale	Common Stock	4,212	$320.53	$1.35M
Sale	Common Stock	2,164	$318.28	$689K

Holdings After Transaction: Common Stock — 60,983 shares (Direct)

Footnotes (2)

1. F1. On January 12, 2026, the Reporting Person sold 2,164 shares of the Issuer's common stock on the open market at an average price of $318.28 per share.
2. F2. On January 13, 2026, the Reporting Person sold 4,212 shares of the Issuer's common stock on the open market at an average price of $320.53 per share.

FAQ

AI-generated questions and answers. How Rhea-AI works. Not financial advice.

What insider activity did Argan Inc. (AGX) report in this Form 4?

The Form 4 shows that director William F. Leimkuhler sold a total of 6,376 shares of Argan Inc. common stock in two open-market transactions on January 12 and 13, 2026.

How many Argan Inc. (AGX) shares did William F. Leimkuhler sell and at what prices?

On January 12, 2026, he sold 2,164 shares at an average price of $318.28 per share. On January 13, 2026, he sold 4,212 shares at an average price of $320.53 per share.

How many Argan Inc. (AGX) shares does William F. Leimkuhler own after these sales?

Following the reported transactions, William F. Leimkuhler beneficially owned 60,983 shares of Argan Inc. common stock, held directly.

What is William F. Leimkuhler’s relationship to Argan Inc. (AGX)?

William F. Leimkuhler is identified in the filing as a director of Argan Inc. and not as an officer or 10% owner.

Were the Argan Inc. (AGX) insider sales open-market transactions?

Yes. The footnotes state that on both January 12 and 13, 2026, William F. Leimkuhler sold Argan Inc. common stock on the open market at the reported average prices.

AI-generated analysis. How Rhea-AI works. Not financial advice.

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Accepted by SEC EDGAR 01/14/2026 - 05:00 PM EST 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^*

Leimkuhler William F.

(Last) (First) (Middle)

43 SALEM STRAITS ROAD

(Street)

DARIEN CT 06820

(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)		Other (specify below)

3. Date of Earliest Transaction (Month/Day/Year)
01/12/2026

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	01/12/2026		S		2,164(1)	D	$318.28	65,195	D
Common Stock	01/13/2026		S		4,212(2)	D	$320.53	60,983	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

Explanation of Responses:

1. On January 12, 2026, the Reporting Person sold 2,164 shares of the Issuer's common stock on the open market at an average price of $318.28 per share.

2. On January 13, 2026, the Reporting Person sold 4,212 shares of the Issuer's common stock on the open market at an average price of $320.53 per share.

	/s/ William F. Leimkuhler	01/14/2026
	** 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.