ARGAN INC — Director's Dealing 2025

May 6, 2025

SEC Form 3 — Initial Statement of Beneficial Ownership

Issuer: ARGAN INC (AGX)
CIK: 0000100591
Period of Report: 2024-09-16

Reporting Person: Baugher Joshua Scott (N/A)

Holdings (Non-Derivative)

Security	Shares	Ownership
Common Stock	375	Direct

Holdings (Derivative)

Security	Exercise Price	Expiration	Underlying	Shares	Ownership
Option to Purchase Common Stock	$61.22	2034-04-16	Common Stock (1500)		Direct
Time-Based Restricted Stock Units	$0		Common Stock (4167)		Direct

Footnotes

F1: These shares were part of a Time-Based Restricted Stock Unit ("TRSU") award that vested and became issuable to the Reporting Person prior to his appointment to CFO.

F2: TRSUs awarded prior to his appointment to CFO.