BlackRock reports 14.3% stake in ARGAN INC

BlackRock, Inc. amended a Schedule 13G to report beneficial ownership of 1,994,647 shares of ARGAN INC common stock, representing 14.3% of the class as of 03/31/2026.

Rhea-AI Filing Summary

BlackRock, Inc. amended a Schedule 13G to report beneficial ownership of 1,994,647 shares of ARGAN INC common stock, representing 14.3% of the class as of 03/31/2026. The filing attributes these holdings to certain Reporting Business Units of BlackRock and disaggregates other business‑unit holdings per SEC Release No. 34-39538.

Insights

Institutional Ownership Analyst

BlackRock holds a large passive stake (14.3%) disclosed via Schedule 13G/A.

BlackRock reports 1,994,647 shares beneficially owned as of 03/31/2026, with sole voting power listed as 1,972,075 and sole dispositive power as 1,994,647. The filing follows the passive ownership reporting pathway typical for large asset managers.

Ownership is shown as held by Reporting Business Units; further breakdown appears referenced in an exhibit. Subsequent filings or fund‑level disclosures would clarify which BlackRock funds or ETFs (examples shown include iShares Core S&P Small-Cap ETF) account for the >5% interest.

Key Figures

Shares beneficially owned: 1,994,647 shares Percent of class: 14.3% Sole voting power: 1,972,075 shares +1 more

4 metrics

Shares beneficially owned 1,994,647 shares beneficial ownership as of 03/31/2026

Percent of class 14.3% percent of common stock reported

Sole voting power 1,972,075 shares shares with sole power to vote reported on the cover

Sole dispositive power 1,994,647 shares shares with sole power to dispose reported on the cover

Key Terms

Schedule 13G/A, beneficially owned, Sole Dispositive Power, Reporting Business Units

4 terms

Schedule 13G/A regulatory

"amended a Schedule 13G to report beneficial ownership"

A Schedule 13G/A is an amended public filing with the U.S. securities regulator that updates a previous Schedule 13G, disclosing when an individual or group holds a substantial (typically over 5%) stake in a company and is claiming a passive, non‑controlling intent. Investors monitor these updates because rising or falling holdings can signal changing confidence, potential future moves, or shifts in voting power — like watching a public ledger where large shareholders quietly adjust their positions.

beneficially owned financial

"securities beneficially owned, or deemed to be beneficially owned"

Beneficially owned describes securities or assets where a person has the economic rights and control—such as the right to receive dividends and to direct voting—even if legal title is held in another name. Think of it like having the keys and using a car that’s registered to someone else: you get the benefits and make decisions. Investors care because beneficial ownership reveals who truly controls value and voting power, affecting corporate decisions and takeover dynamics.

Sole Dispositive Power regulatory

"Sole Dispositive Power 1,994,647.00"

Sole dispositive power is the exclusive legal authority to decide what happens to a security — for example, whether to sell, transfer, or retain shares — without needing anyone else’s permission. Investors care because it signals who truly controls the economic outcome of an investment: like holding the only key to a safe, the holder can realize gains or losses and may trigger regulatory reporting, insider rules, or influence over corporate ownership.

Reporting Business Units other

"beneficially owned by certain business units (collectively, the "Reporting Business Units")"

FAQ

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

What stake does BlackRock report in ARGAN INC (AGX)?

BlackRock reports beneficial ownership of 1,994,647 shares, equal to 14.3% of ARGAN INC common stock as of 03/31/2026. The filing lists sole voting power of 1,972,075 shares and sole dispositive power of 1,994,647.

Is BlackRock reporting passive or active ownership in this filing?

The filing is a Schedule 13G/A, indicating passive investment reporting under the SEC framework. It states holdings reflect certain Reporting Business Units and disaggregates other business‑unit holdings per SEC Release No. 34-39538.

Which BlackRock vehicle holds more than 5% of ARGAN INC?

The filing identifies iShares Core S&P Small-Cap ETF as holding more than five percent of ARGAN INC common stock. The schedule notes one such person meets the >5% threshold without listing a full shareholder breakdown.

Who signed the amendment and when was it filed?

The amendment is signed by Spencer Fleming, Managing Director, with a signature date shown as 04/07/2026. The ownership snapshot is tied to 03/31/2026 per the cover information.

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

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Accepted by SEC EDGAR 04/07/2026 - 12:39 PM Learn about SEC filing dates

SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

SCHEDULE 13G

UNDER THE SECURITIES EXCHANGE ACT OF 1934

(Amendment No. 11)

ARGAN INC

(Name of Issuer)

Common Stock

(Title of Class of Securities)

04010E109

(CUSIP Number)

03/31/2026

(Date of Event Which Requires Filing of this Statement)

Check the appropriate box to designate the rule pursuant to which this Schedule is filed:

Rule 13d-1(b)

Rule 13d-1(c)

Rule 13d-1(d)

schemaVersion:

SCHEDULE 13G

CUSIP Number(s): 04010E109

1

Names of Reporting Persons

BlackRock, Inc.

2

Check the appropriate box if a member of a Group (see instructions)

(a)
(b)

3

Sec Use Only

4

Citizenship or Place of Organization

DELAWARE

Number of Shares Beneficially Owned by Each Reporting Person With:

5	Sole Voting Power 1,972,075.00
6	Shared Voting Power 0.00
7	Sole Dispositive Power 1,994,647.00
8	Shared Dispositive Power 0.00

9

Aggregate Amount Beneficially Owned by Each Reporting Person

1,994,647.00

10

Check box if the aggregate amount in row (9) excludes certain shares (See Instructions)

11

Percent of class represented by amount in row (9)

14.3 %

12

Type of Reporting Person (See Instructions)

HC

SCHEDULE 13G

Item 1.
(a)	Name of issuer: ARGAN INC
(b)	Address of issuer's principal executive offices: 4075 WILSON BOULEVARD SUITE 440 ARLINGTON VA 22203
Item 2.
(a)	Name of person filing: BlackRock, Inc. In accordance with SEC Release No. 34-39538 (January 12, 1998), this Schedule 13G reflects the securities beneficially owned, or deemed to be beneficially owned, by certain business units (collectively, the "Reporting Business Units") of BlackRock, Inc. and its subsidiaries and affiliates. It does not include securities, if any, beneficially owned by other business units whose beneficial ownership of securities are disaggregated from that of the Reporting Business Units in accordance with such release.
(b)	Address or principal business office or, if none, residence: BlackRock, Inc., 50 Hudson Yards New York, NY 10001
(c)	Citizenship: See Item 4 of Cover Page
(d)	Title of class of securities: Common Stock
(e)	CUSIP No.:
Item 4.	Ownership
(a)	Amount beneficially owned: 1994647
(b)	Percent of class: 14.3 %
(c)	Number of shares as to which the person has:
	(i) Sole power to vote or to direct the vote: 1972075
	(ii) Shared power to vote or to direct the vote: 0
	(iii) Sole power to dispose or to direct the disposition of: 1994647
	(iv) Shared power to dispose or to direct the disposition of: 0
Item 5.	Ownership of 5 Percent or Less of a Class.
	Not Applicable
Item 6.	Ownership of more than 5 Percent on Behalf of Another Person.
	If any other person is known to have the right to receive or the power to direct the receipt of dividends from, or the proceeds from the sale of, such securities, a statement to that effect should be included in response to this item and, if such interest relates to more than 5 percent of the class, such person should be identified. A listing of the shareholders of an investment company registered under the Investment Company Act of 1940 or the beneficiaries of employee benefit plan, pension fund or endowment fund is not required. The interest of 1 such person, iShares Core S&P Small-Cap ETF, in the common stock of ARGAN INC is more than five percent of the total outstanding common stock.
Item 7.	Identification and Classification of the Subsidiary Which Acquired the Security Being Reported on by the Parent Holding Company or Control Person.
	If a parent holding company has filed this schedule, pursuant to Rule 13d-1(b)(ii)(G), so indicate under Item 3(g) and attach an exhibit stating the identity and the Item 3 classification of the relevant subsidiary. If a parent holding company has filed this schedule pursuant to Rule 13d-1(c) or Rule 13d-1(d), attach an exhibit stating the identification of the relevant subsidiary. See Exhibit 99
Item 8.	Identification and Classification of Members of the Group.
	Not Applicable
Item 9.	Notice of Dissolution of Group.
	Not Applicable

Item 10.

Certifications:

By signing below I certify that, to the best of my knowledge and belief, the securities referred to above were acquired and are held in the ordinary course of business and were not acquired and are not held for the purpose of or with the effect of changing or influencing the control of the issuer of the securities and were not acquired and are not held in connection with or as a participant in any transaction having that purpose or effect, other than activities solely in connection with a nomination under ?? 240.14a-11.

SIGNATURE

After reasonable inquiry and to the best of my knowledge and belief, I certify that the information set forth in this statement is true, complete and correct.

BlackRock, Inc.

Signature:	Spencer Fleming
Name/Title:	Managing Director
Date:	04/07/2026

Exhibit Information

Exhibit 24: Power of Attorney Exhibit 99: Item 7