ARGAN INC — Director's Dealing 2026

Jan 21, 2026

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: ARGAN INC (AGX)
CIK: 0000100591
Period of Report: 2026-01-20

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

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2026-01-16	Common Stock	M	8636	$45.75	Acquired	15892	Direct
2026-01-20	Common Stock	S	2700	$380.60	Disposed	13192	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2026-01-16	Option to Purchase Common Stock	$45.75	M	10000	Disposed	2030-12-14	Common Stock (10000)	Direct

Holdings (Non-Derivative)

Security	Shares	Ownership
Common Stock	8000	Indirect

Footnotes

F1: On January 16, 2026, the Reporting Person exercised his stock option awarded on December 14, 2020 to purchase 10,000 shares of the Issuer's common stock at a price of $45.75 per share, using the net settle method.

F2: On January 20, 2026, the Reporting Person sold 2,700 shares of the Issuer's common stock on the open market at an average price of $380.60 per share.