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[Form 4] Argan, Inc Insider Trading Activity

Filing Impact
(Neutral)
Filing Sentiment
(Neutral)
Form Type
4
Rhea-AI Filing Summary

Form 4 filing overview: On June 17, 2025, Argan, Inc. (AGX) director John R. Jeffrey Jr. was granted 530 time-based restricted stock units (RSUs) at a conversion price of $0. The RSUs will vest in full on April 17, 2026.

After the grant, the director’s aggregate derivative holdings tied to AGX common stock increased to 3,947 RSUs. No common shares were bought or sold on the open market, so the transaction has no direct cash impact on the company. This appears to be a routine equity-compensation award intended to further align the director’s incentives with shareholder interests.

Panoramica della presentazione del Modulo 4: Il 17 giugno 2025, il direttore di Argan, Inc. (AGX), John R. Jeffrey Jr., ha ricevuto 530 unità azionarie vincolate (RSU) basate sul tempo a un prezzo di conversione di 0 dollari. Le RSU matureranno interamente il 17 aprile 2026.

Dopo l’assegnazione, la detenzione complessiva di strumenti derivati legati alle azioni ordinarie AGX del direttore è aumentata a 3.947 RSU. Nessuna azione ordinaria è stata acquistata o venduta sul mercato aperto, quindi l’operazione non ha alcun impatto diretto in termini di liquidità per la società. Si tratta probabilmente di un premio di compensazione azionaria di routine volto ad allineare ulteriormente gli incentivi del direttore con gli interessi degli azionisti.

Resumen de la presentación del Formulario 4: El 17 de junio de 2025, el director de Argan, Inc. (AGX), John R. Jeffrey Jr., recibió 530 unidades restringidas de acciones (RSU) basadas en tiempo a un precio de conversión de $0. Las RSU se consolidarán en su totalidad el 17 de abril de 2026.

Después de la concesión, la tenencia agregada de derivados vinculados a las acciones comunes de AGX del director aumentó a 3,947 RSU. No se compraron ni vendieron acciones comunes en el mercado abierto, por lo que la transacción no tiene impacto directo en efectivo para la compañía. Esto parece ser una concesión rutinaria de compensación en acciones destinada a alinear aún más los incentivos del director con los intereses de los accionistas.

Form 4 제출 개요: 2025� 6� 17�, Argan, Inc.(AGX) 이사 John R. Jeffrey Jr.� 전환 가� $0� 530개의 시간 기반 제한 주식 단위(RSU)� 부여받았습니다. � RSU� 2026� 4� 17일에 전액 베스팅됩니다.

부� �, 이사� AGX 보통� 관� 파생상품 보유 총액은 3,947 RSU� 증가했습니다. 공개 시장에서 보통� 매매� 없었으므�, � 거래� 회사� 직접적인 현금 영향� 없습니다. 이는 이사� 인센티브� 주주 이익� 더욱 일치시키� 위한 일상적인 주식 보상으로 보입니다.

Résumé du dépôt du formulaire 4 : Le 17 juin 2025, John R. Jeffrey Jr., administrateur d’Argan, Inc. (AGX), s’est vu attribuer 530 unités d’actions restreintes (RSU) basées sur le temps à un prix de conversion de 0 $. Les RSU seront entièrement acquises le 17 avril 2026.

Après cette attribution, la détention globale d’instruments dérivés liés aux actions ordinaires AGX de l’administrateur est passée à 3 947 RSU. Aucune action ordinaire n’a été achetée ou vendue sur le marché libre, donc la transaction n’a aucun impact direct en trésorerie pour la société. Il semble s’agir d’une attribution de rémunération en actions de routine destinée à mieux aligner les incitations de l’administrateur avec les intérêts des actionnaires.

Übersicht zur Form 4 Einreichung: Am 17. Juni 2025 erhielt John R. Jeffrey Jr., Direktor von Argan, Inc. (AGX), 530 zeitbasierte Restricted Stock Units (RSUs) zu einem Umrechnungspreis von 0 $. Die RSUs werden am 17. April 2026 vollständig vesten.

Nach der Zuteilung stieg der Gesamtbestand der derivativen Beteiligungen des Direktors an AGX-Stammaktien auf 3.947 RSUs. Es wurden keine Stammaktien am offenen Markt gekauft oder verkauft, sodass die Transaktion keine direkten Barauswirkungen für das Unternehmen hat. Dies scheint eine routinemäßige Aktienvergütung zu sein, die darauf abzielt, die Anreize des Direktors stärker mit den Interessen der Aktionäre in Einklang zu bringen.

Positive
  • None.
Negative
  • None.

Insights

TL;DR: Routine RSU grant; aligns incentives; market impact negligible.

The filing shows a modest equity award�530 RSUs—to a non-executive director. Such grants are standard practice to promote long-term alignment between board members and shareholders. The award size is immaterial relative to Argan’s shares outstanding, and no sale or purchase of common stock occurred. Therefore, there is no dilution concern and no signal of insider sentiment change. Overall, governance implications are neutral.

TL;DR: Immaterial insider transaction; investment thesis unchanged.

From a portfolio perspective, the 530-unit RSU grant represents a fraction of one-percent of daily AGX trading volume and has no valuation effect. The vesting schedule (less than one year) is short, suggesting a near-term retention tool rather than a strategic shift. I view the disclosure as routine and not actionable for position sizing or risk management.

Panoramica della presentazione del Modulo 4: Il 17 giugno 2025, il direttore di Argan, Inc. (AGX), John R. Jeffrey Jr., ha ricevuto 530 unità azionarie vincolate (RSU) basate sul tempo a un prezzo di conversione di 0 dollari. Le RSU matureranno interamente il 17 aprile 2026.

Dopo l’assegnazione, la detenzione complessiva di strumenti derivati legati alle azioni ordinarie AGX del direttore è aumentata a 3.947 RSU. Nessuna azione ordinaria è stata acquistata o venduta sul mercato aperto, quindi l’operazione non ha alcun impatto diretto in termini di liquidità per la società. Si tratta probabilmente di un premio di compensazione azionaria di routine volto ad allineare ulteriormente gli incentivi del direttore con gli interessi degli azionisti.

Resumen de la presentación del Formulario 4: El 17 de junio de 2025, el director de Argan, Inc. (AGX), John R. Jeffrey Jr., recibió 530 unidades restringidas de acciones (RSU) basadas en tiempo a un precio de conversión de $0. Las RSU se consolidarán en su totalidad el 17 de abril de 2026.

Después de la concesión, la tenencia agregada de derivados vinculados a las acciones comunes de AGX del director aumentó a 3,947 RSU. No se compraron ni vendieron acciones comunes en el mercado abierto, por lo que la transacción no tiene impacto directo en efectivo para la compañía. Esto parece ser una concesión rutinaria de compensación en acciones destinada a alinear aún más los incentivos del director con los intereses de los accionistas.

Form 4 제출 개요: 2025� 6� 17�, Argan, Inc.(AGX) 이사 John R. Jeffrey Jr.� 전환 가� $0� 530개의 시간 기반 제한 주식 단위(RSU)� 부여받았습니다. � RSU� 2026� 4� 17일에 전액 베스팅됩니다.

부� �, 이사� AGX 보통� 관� 파생상품 보유 총액은 3,947 RSU� 증가했습니다. 공개 시장에서 보통� 매매� 없었으므�, � 거래� 회사� 직접적인 현금 영향� 없습니다. 이는 이사� 인센티브� 주주 이익� 더욱 일치시키� 위한 일상적인 주식 보상으로 보입니다.

Résumé du dépôt du formulaire 4 : Le 17 juin 2025, John R. Jeffrey Jr., administrateur d’Argan, Inc. (AGX), s’est vu attribuer 530 unités d’actions restreintes (RSU) basées sur le temps à un prix de conversion de 0 $. Les RSU seront entièrement acquises le 17 avril 2026.

Après cette attribution, la détention globale d’instruments dérivés liés aux actions ordinaires AGX de l’administrateur est passée à 3 947 RSU. Aucune action ordinaire n’a été achetée ou vendue sur le marché libre, donc la transaction n’a aucun impact direct en trésorerie pour la société. Il semble s’agir d’une attribution de rémunération en actions de routine destinée à mieux aligner les incitations de l’administrateur avec les intérêts des actionnaires.

Übersicht zur Form 4 Einreichung: Am 17. Juni 2025 erhielt John R. Jeffrey Jr., Direktor von Argan, Inc. (AGX), 530 zeitbasierte Restricted Stock Units (RSUs) zu einem Umrechnungspreis von 0 $. Die RSUs werden am 17. April 2026 vollständig vesten.

Nach der Zuteilung stieg der Gesamtbestand der derivativen Beteiligungen des Direktors an AGX-Stammaktien auf 3.947 RSUs. Es wurden keine Stammaktien am offenen Markt gekauft oder verkauft, sodass die Transaktion keine direkten Barauswirkungen für das Unternehmen hat. Dies scheint eine routinemäßige Aktienvergütung zu sein, die darauf abzielt, die Anreize des Direktors stärker mit den Interessen der Aktionäre in Einklang zu bringen.

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*
Jeffrey John Ronald Jr.

(Last) (First) (Middle)
C/O ARGAN, INC.
4075 WILSON BOULEVARD, SUITE 440

(Street)
ARLINGTON VA 22203

(City) (State) (Zip)
2. Issuer Name and Ticker or Trading Symbol
ARGAN INC [ AGX ]
5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
X Director 10% Owner
Officer (give title below) Other (specify below)
3. Date of Earliest Transaction (Month/Day/Year)
06/17/2025
4. If Amendment, Date of Original Filed (Month/Day/Year)
6. Individual or Joint/Group Filing (Check Applicable Line)
X Form filed by One Reporting Person
Form filed by More than One Reporting Person
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
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
Time-Based Restricted Stock Units $0 06/17/2025 A 530 (1) (1) Common Stock 530 $0 3,947 D
Explanation of Responses:
1. On June 17, 2025, the Reporting Person was granted Time-Based Restricted Stock Units ("TRSUs") covering 530 shares of the Issuer's common stock. The TRSUs will vest fully on April 17, 2026.
/s/ John R. Jeffrey, Jr. 06/20/2025
** 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.

FAQ

What insider activity was reported for AGX on June 17, 2025?

Director John R. Jeffrey Jr. received 530 time-based RSUs according to the Form 4 filing.

How many restricted stock units were granted to the AGX director?

The director was granted 530 RSUs.

When will the newly granted RSUs vest?

The RSUs will vest fully on April 17, 2026.

What is the director’s total derivative ownership after the grant?

Following the transaction, he beneficially owns 3,947 derivative securities tied to AGX common stock.

Did the filing include any open-market buy or sell transactions?

No. The Form 4 only disclosed an RSU grant; there were no purchases or sales of common shares.
Argan Inc

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Engineering & Construction
Construction - Special Trade Contractors
United States
ARLINGTON