ARGAN INC — Director's Dealing 2023

Dec 18, 2023

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: ARGAN INC (AGX)
CIK: 0000100591
Period of Report: 2023-12-14

Reporting Person: Leimkuhler William F. (N/A)

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2023-12-14	Option to Purchase Common Stock	$43.70	A	1500	Acquired	2033-12-14	Common Stock (1500)	Direct
2023-12-14	Time-Based Restricted Stock Units	$0	A	2500	Acquired	2026-12-14	Common Stock (2500)	Direct

Footnotes

F1: On December 14, 2023, the Reporting Person received 10-year options to purchase 1,500 shares of the Issuer's common stock with an exercise price of $43.70 per share. The options will vest ratably over three years on each anniversary of the grant date starting from 12/14/2024.

F2: On December 14, 2023, the Reporting Person was granted Time-Based Restricted Stock Units ("TRSUs") covering 2,500 shares of common stock. The TRSUs will vest in equal installments on each of the next three anniversaries of the grant date starting on 12/14/2024.