ARGAN INC — Director's Dealing 2025

Oct 10, 2025

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: ARGAN INC (AGX)
CIK: 0000100591
Period of Report: 2025-10-09

Reporting Person: Watson David Hibbert (N/A)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2025-10-09	Common Stock	S	4441	$277.01	Disposed	47691	Direct
2025-10-09	Common Stock	G	559	—	Disposed	47132	Direct
2025-10-09	Common Stock	G	559	—	Acquired	559	Indirect
2025-10-09	Common Stock	S	559	$272.27	Disposed	0	Indirect

Footnotes

F1: On October 9, 2025, the Reporting Person sold 4,441 shares of the Issuer's common stock on the open market at an average price of $277.01 per share.

F2: On October 9, 2025, the Reporting Person gifted 559 shares of the Issuer's common stock to the David and Laura Watson Foundation, a donor-advised fund administered by Raymond James Charitable.

F3: On October 9, 2025, the David and Laura Watson Foundation sold 559 shares of the Issuer's common stock on the open market at a price of $272.27 per share.