ARGAN INC — Director's Dealing 2025

May 13, 2025

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: ARGAN INC (AGX)
CIK: 0000100591
Period of Report: 2025-04-18

Reporting Person: Griffin William F Jr (N/A)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2025-04-18	Common Stock	M	3371	—	Acquired	5975	Indirect
2025-05-09	Common Stock	J	25000	—	Disposed	105000	Indirect
2025-05-09	Common Stock	J	25000	—	Acquired	30975	Indirect
2025-05-13	Common Stock	J	25000	—	Disposed	80000	Indirect
2025-05-13	Common Stock	J	25000	—	Acquired	55975	Indirect

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2025-04-18	Time Based Restricted Stock Units	$0	M	4166	Disposed		Common Stock (4166)	Direct

Footnotes

F1: Pursuant to the three-year vesting schedule of the Time-Based Restricted Stock Unit ("TRSU") awarded to the Reporting Person on April 18, 2022, 4,166 shares of Common Stock became issuable to the Reporting Person on April 18, 2025.

F2: On May 9, 2025, the Reporting Person transferred 25,000 shares from the William F. Griffin 2025 GRAT Trust to the William F Griffin Jr Revocable Trust.

F3: On May 13, 2025, the Reporting Person transferred 25,000 shares from the William F. Griffin 2025 GRAT Trust to the William F Griffin Jr Revocable Trust.