ARGAN INC — Director's Dealing 2025

Jul 31, 2025

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: ARGAN INC (AGX)
CIK: 0000100591
Period of Report: 2025-07-30

Reporting Person: Deily Richard H (N/A)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2025-07-30	Common Stock	M	1604	$36.78	Acquired	9406	Direct
2025-07-31	Common Stock	S	1604	$242.77	Disposed	7802	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2025-07-30	Option to Purchase Common Stock	$36.78	M	3500	Disposed	2032-04-18	Common Stock (1500)	Direct

Footnotes

F1: On July 30, 2025, the Reporting Person exercised his stock option awarded on April 18, 2022 to purchase 3,500 shares of the Issuer's common stock at a price of $36.78 per share, using the net settle method.

F2: On July 31, 2025, the Reporting Person sold 1,604 shares of the Issuer's common stock on the open market at an average price of $242.77 per share.