Leimkuhler William F. 4

What Happened William F. Leimkuhler, a director of ARGAN Inc. (AGX), sold 8,444 shares of the company's common stock in an open-market transaction on April 13, 2026. The shares were sold at an average price of $598.49 per share, for total proceeds of approximately $5,053,650. This was a sale (not a purchase or option exercise), which is often routine insider selling.

Key Details

• Transaction date: April 13, 2026
• Transaction type: Open-market sale (Code S)
• Shares sold: 8,444
• Average price per share: $598.49
• Total proceeds: $5,053,650
• Shares owned after transaction: Not disclosed in this Form 4 filing
• Footnote: F1 confirms the sale was executed on the open market at the stated average price
• Filing date: April 15, 2026 — appears to be filed within the typical two-business-day window (timely)

Context Open-market sales by directors can be routine (diversification, liquidity, tax planning) and are not direct indicators of company performance. This filing reports a straight sale of shares; there is no indication here of option exercises, awards, gifts, or a 10b5-1 plan in the provided disclosure.