ARGAN INC — Director's Dealing 2025

Oct 3, 2025

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: ARGAN INC (AGX)
CIK: 0000100591
Period of Report: 2025-10-01

Reporting Person: Collins Charles Edwin IV (N/A)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2025-10-01	Common Stock	M	5000	$43.10	Acquired	26006	Direct
2025-10-01	Common Stock	S	5000	$275	Disposed	21006	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2025-10-01	Option to Purchase Common Stock	$43.10	M	5000	Disposed	2028-09-12	Common Stock (5000)	Direct

Footnotes

F1: On October 1, 2025, the Reporting Person exercised a portion of his stock option awarded on September 12, 2018 to purchase 5,000 shares of the Issuer's common stock at a price of $43.10 per share.

F2: On October 1, 2025, the Reporting Person sold 5,000 shares of the Issuer's common stock on the open market at an average price of $275 per share.