Argan (AGX) CFO sells 760 shares after exercising stock options

Rhea-AI Filing Summary

ARGAN INC Chief Financial Officer Joshua Scott Baugher reported option exercises and share sales in company stock. On June 17, 2026, he exercised a stock option awarded on April 16, 2024 to purchase 1,000 shares of common stock at a price of $61.22 per share using the net settle method. That same day, he sold 455 shares on the open market at $732.83 per share and 305 shares at $734 per share, resulting in total open-market sales of 760 shares.

Insider Trade Summary

Net Seller: 760 shares ($557,308)

Net Sell 4 txns

Insider Baugher Joshua Scott

Role Chief Financial Officer

Sold 760 shs ($557K)

Type	Security	Shares	Price	Value
Exercise	Option to Purchase Common Stock	1,000	$61.22	$61K
Exercise	Common Stock	455	$61.22	$28K
Sale	Common Stock	455	$732.83	$333K
Sale	Common Stock	305	$734.00	$224K

Holdings After Transaction: Option to Purchase Common Stock — 1,708 shares (Direct, null); Common Stock — 2,239 shares (Direct, null)

Footnotes (1)

1. On June 17, 2026, the Reporting Person exercised a portion of his stock option awarded on April 16, 2024 to purchase 1,000 shares of the Issuer's common stock at a price of $61.22 per share using the net settle method. On June 17, 2026, the Reporting Person sold 455 shares of the Issuer's common stock on the open market at a price of $732.83 per share. On June 17, 2026, the Reporting Person sold 305 shares of the Issuer's common stock on the open market at a price of $734 per share.

Key Figures

Shares sold: 760 shares First sale block: 455 shares at $732.83/share Second sale block: 305 shares at $734/share +3 more

6 metrics

Shares sold 760 shares Total common stock sold in open market on June 17, 2026

First sale block 455 shares at <money>$732.83</money>/share Open-market sale of common stock on June 17, 2026

Second sale block 305 shares at <money>$734</money>/share Open-market sale of common stock on June 17, 2026

Options exercised 1,000 shares at <money>$61.22</money>/share Stock option exercise using net settle method on June 17, 2026

Option grant date <date>April 16, 2024</date> Award date of stock option later exercised

Option expiration <date>April 16, 2034</date> Expiration date of option to purchase common stock

Key Terms

stock option, net settle method, open market, Form 4

4 terms

stock option financial

"the Reporting Person exercised a portion of his stock option awarded on April 16, 2024"

A stock option is a contract that gives you the right to buy or sell a company's stock at a specific price within a certain time frame. People use them to potentially make money if the stock's price moves favorably or to protect against losses. It's like holding a coupon that can be used to buy or sell stock at a set price later on.

net settle method financial

"to purchase 1,000 shares of the Issuer's common stock at a price of $61.22 per share using the net settle method"

open market financial

"sold 455 shares of the Issuer's common stock on the open market at a price of $732.83 per share"

An open market is a system where buying and selling of goods, services, or financial assets happen freely without restrictions or special controls. For investors, it means they can trade assets easily and quickly, which helps determine fair prices based on supply and demand. This environment encourages transparency and competition, making it easier to buy or sell with confidence.

Form 4 regulatory

"INSIDER FILING DATA (Form 4):"

Form 4 is a official document that company insiders, such as executives or major shareholders, file with regulators whenever they buy or sell company shares. It provides transparency about how those with inside knowledge are trading, helping investors see if insiders are confident in the company's prospects or may be selling for personal reasons. This information can influence investor decisions by revealing insiders' perspectives on the company's value.

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Form 4 Insider Transactions: What Each Field Means →

SEC Form 4

FORM 4

UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934
or Section 30(h) of the Investment Company Act of 1940

OMB APPROVAL

OMB Number:			3235-0287
Estimated average burden
hours per response:			0.5

Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).

Check this box to indicate that a transaction was made pursuant to a contract, instruction or written plan for the purchase or sale of equity securities of the issuer that is intended to satisfy the affirmative defense conditions of Rule 10b5-1(c). See Instruction 10.

1. Name and Address of Reporting Person^*

Baugher Joshua Scott

(Last) (First) (Middle)

4075 WILSON BOULEVARD

SUITE 440

(Street)

ARLINGTON VIRGINIA 22203

(City) (State) (Zip)

UNITED STATES

(Country)

2. Issuer Name and Ticker or Trading Symbol
ARGAN INC [ AGX ]

5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)

	Director		10% Owner
X	Officer (give title below)		Other (specify below)
	Chief Financial Officer

2a. Foreign Trading Symbol

3. Date of Earliest Transaction (Month/Day/Year)
06/17/2026

6. Individual or Joint/Group Filing (Check Applicable Line)

X	Form filed by One Reporting Person
	Form filed by More than One Reporting Person

4. If Amendment, Date of Original Filed (Month/Day/Year)

Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1. Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	3. Transaction Code (Instr. 8)		4. Securities Acquired (A) or Disposed Of (D) (Instr. 3, 4 and 5)			5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4)	6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)
			Code	V	Amount	(A) or (D)	Price
Common Stock	06/17/2026		M		455(1)	A	$61.22	2,239	D
Common Stock	06/17/2026		S		455(2)	D	$732.83	1,784	D
Common Stock	06/17/2026		S		305(3)	D	$734	1,479	D

Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 3)	2. Conversion or Exercise Price of Derivative Security	3. Transaction Date (Month/Day/Year)	3A. Deemed Execution Date, if any (Month/Day/Year)	4. Transaction Code (Instr. 8)		5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5)		6. Date Exercisable and Expiration Date (Month/Day/Year)		7. Title and Amount of Securities Underlying Derivative Security (Instr. 3 and 4)		8. Price of Derivative Security (Instr. 5)	9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4)	10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)
				Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares
Option to Purchase Common Stock	$61.22	06/17/2026		M			1,000(1)	04/16/2025	04/16/2034	Common Stock	1,000	$61.22	1,708	D

Explanation of Responses:

1. On June 17, 2026, the Reporting Person exercised a portion of his stock option awarded on April 16, 2024 to purchase 1,000 shares of the Issuer's common stock at a price of $61.22 per share using the net settle method.

2. On June 17, 2026, the Reporting Person sold 455 shares of the Issuer's common stock on the open market at a price of $732.83 per share.

3. On June 17, 2026, the Reporting Person sold 305 shares of the Issuer's common stock on the open market at a price of $734 per share.

	/s/ Joshua S. Baugher	06/18/2026
	** Signature of Reporting Person	Date
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* If the form is filed by more than one reporting person, see Instruction 4 (b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB Number.
* Form 4: SEC 1474 (03-26)

FAQ

What insider transactions did ARGAN (AGX) report for CFO Joshua Scott Baugher?

ARGAN’s CFO Joshua Scott Baugher exercised stock options and sold shares. On June 17, 2026, he exercised options for 1,000 common shares at $61.22, then sold 455 shares at $732.83 and 305 shares at $734 in open-market transactions.

How many ARGAN (AGX) shares did the CFO sell in the latest Form 4?

The CFO sold a total of 760 ARGAN common shares. On June 17, 2026, he executed two open-market sales: 455 shares at $732.83 per share and 305 shares at $734 per share, as disclosed in the Form 4 footnotes.

At what price did the ARGAN (AGX) CFO exercise his stock options?

He exercised stock options at a price of $61.22 per share. On June 17, 2026, he used the net settle method to exercise an option awarded April 16, 2024 to purchase 1,000 shares of ARGAN common stock at that exercise price.

What type of transactions are shown in the ARGAN (AGX) CFO Form 4 filing?

The Form 4 shows both an option exercise and open-market sales. It reports a derivative exercise of stock options for 1,000 common shares and two separate open-market sales totaling 760 common shares on June 17, 2026.

Were the ARGAN (AGX) CFO’s transactions direct or indirect holdings?

All reported transactions involve direct holdings by the CFO. The Form 4 lists the ownership code as direct for both the common stock and the stock option positions, with no indication of trusts, LLCs, or other indirect entities in the footnotes.