ARGAN INC — Director's Dealing 2025

Jun 20, 2025

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: ARGAN INC (AGX)
CIK: 0000100591
Period of Report: 2025-06-17

Reporting Person: Sweeney Karen (N/A)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2025-06-20	Common Stock	M	1315	—	Acquired	1705	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2025-06-17	Time-Based Restricted Stock Unit	$0	A	530	Acquired		Common Stock (530)	Direct
2025-06-20	Time-Based Restricted Stock Unit	$0	M	1300	Disposed		Common Stock (1300)	Direct

Footnotes

F1: Pursuant to the one-year vesting schedule of the Time-Based Restricted Stock Unit ("TRSU") awarded to the Reporting Person on June 20, 2024, 1,300 shares of Common Stock became issuable to the Reporting Person on June 20, 2025 and is adjusted for dividends.

F2: On June 17, 2025, the Reporting Person was granted Time-Based Restricted Stock Units ("TRSUs") covering 530 shares of the Issuer's common stock. The TRSUs will vest fully on April 17, 2026.