ARGAN INC — Director's Dealing 2023

Apr 19, 2023

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: ARGAN INC (AGX)
CIK: 0000100591
Period of Report: 2023-04-16

Reporting Person: BOSSELMANN RAINER H (N/A)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2023-04-16	Common Stock	M	4382	—	Acquired	394772	Direct
2023-04-18	Common Stock	M	4280	—	Acquired	399052	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2023-04-16	Time-Based Restricted Stock Units	$0	M	4382	Disposed		Common Stock (4382)	Direct
2023-04-18	Time-Based Restricted Stock Units	$0	M	4280	Disposed		Common Stock (4280)	Direct

Footnotes

F1: On April 16, 2023, the Reporting Person had Time-Based Restricted Stock Units ("the TBRSUs") vest in the amount of 4,382 shares of Common Stock. This issuance is pursuant to the three year vesting schedule of the 12,500 TBRSU award that was granted on April 16, 2021 and is adjusted for cash dividends.

F2: On April 18, 2023, the Reporting Person had TBRSUs vest in the amount of 4,280 shares of Common Stock. This issuance is pursuant to the three year vesting schedule of the 12,500 TBRSU award that was granted on April 18, 2022 and is adjusted for cash dividends.

F3: 2,241 shares are held by Rainer and Beverley Bosselmann, as joint tenants, and the remaining shares are held directly by Rainer Bosselmann.

F4: As of the date of this filing, the remaining number of TBRSUs beneficially owned by the Reporting Person includes (a) 4,167 shares of TBRSUs granted on April 16, 2021; and (b) 8,334 shares of TBRSUs granted on April 18, 2022; all to vest pursuant to their respective three year vesting schedule.