Leimkuhler William F. 4

What Happened William F. Leimkuhler, a director of ARGAN, Inc., recorded derivative transactions and a grant on June 10, 2026. The Form 4 shows: 533 shares acquired via exercise/conversion of derivative securities at $0.00, 530 shares disposed at $0.00 (derivative), and a grant/award of 189 Time‑Based Restricted Stock Units (TRSUs) at $0.00. No cash value is shown for these entries (all $0.00), consistent with vested awards converting to common shares and a new restricted‑stock grant.

Key Details

• Transaction date: June 10, 2026; Form 4 filed June 12, 2026 (filed within the typical two‑business‑day window).
• Prices: all reported at $0.00 (conversion/issuance of awards, not open‑market trades).
• Shares after transaction: not specified in the provided filing excerpt.
• Footnotes:
  • F1: 530 shares became issuable on June 10, 2026 under a one‑year vesting schedule for TRSUs awarded June 17, 2025; amount is adjusted for dividends.
  • F2: On June 10, 2026 the reporting person was granted TRSUs covering 189 shares; these vest in full on June 10, 2027 or at the 2027 Annual Meeting, whichever comes first.
• No indication in this filing of a 10b5‑1 plan, tax‑withholding disposition code, or late filing flag.

Context These entries reflect vested/converted TRSUs and a new TRSU grant — not open‑market buying or selling. For retail investors, conversions and grants are routine compensation events for insiders and do not directly signal intent to buy or sell stock in the public markets.