ARGAN INC — Director's Dealing 2025

Jun 11, 2025

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: ARGAN INC (AGX)
CIK: 0000100591
Period of Report: 2025-06-09

Reporting Person: Jeffrey John Ronald Jr. (N/A)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2025-06-09	Common Stock	S	5500	$217.79	Disposed	11485	Direct
2025-06-10	Common Stock	M	390	—	Acquired	11875	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2025-06-10	Time-Based Restricted Stock Units	$0	M	388	Disposed		Common Stock (388)	Direct

Holdings (Non-Derivative)

Security	Shares	Ownership
Common Stock	8000	Indirect

Footnotes

F1: On June 9, 2025, the Reporting Person sold 5,500 shares of the Issuer's common stock on the open market at an average price of $217.79 per share.

F2: Pursuant to the six-month vesting schedule of the Time-Based Restricted Stock Unit ("TRSU") awarded to the Reporting Person on December 12, 2024, 388 shares of Common Stock became issuable to the Reporting Person on June 10, 2025 and is adjusted for dividends.