ARGAN INC — Director's Dealing 2025

Apr 22, 2025

SEC Form 4 — Statement of Changes in Beneficial Ownership

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

Reporting Person: BOSSELMANN RAINER H (N/A)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2025-04-18	Common Stock	M	2282	—	Acquired	197161	Direct
2025-04-18	Common Stock	M	13946	—	Acquired	211107	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2025-04-18	Time-Based Restricted Stock Units	$0	M	4167	Disposed		Common Stock (4167)	Direct
2025-04-18	Performance-Based Restricted Stock Units	$0	M	12500	Disposed		Common Stock (12500)	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, 4,167 shares of Common Stock became issuable to the Reporting Person on April 18, 2025.

F2: Pursuant to the three-year performance period vesting schedule of the Performance-Based Restricted Stock Units ("PRSUs") awarded to the Reporting Person on April 18, 2022, 25,000 shares of the Issuer's Common stock became issuable to the Reporting Person on April 18, 2025. The target number of shares was 12,500.