Griffin William F Jr 4

What Happened
William F. Griffin Jr., a director and the non‑executive chairman of Argan, sold common stock in two open‑market transactions: 30,000 shares on 2026‑06‑18 at an average price of $725.85 ($21,775,500) and 20,000 shares on 2026‑06‑22 at an average price of $760.43 ($15,208,600). Total proceeds across both disposals were $36,984,100. These were outright sales (S = sale) reported on a Form 4.

Key Details

• Transaction dates and amounts:
  • 2026‑06‑18: 30,000 shares @ $725.85 — $21,775,500 (open market) (Footnote F1)
  • 2026‑06‑22: 20,000 shares @ $760.43 — $15,208,600 (open market) (Footnote F2)
• Total sold: 50,000 shares for $36,984,100.
• Shares owned after transaction: Not specified in the provided filing.
• Footnotes: F1 and F2 confirm both sales were executed on the open market at the stated average prices.
• Filing timeliness: Form 4 was filed 2026‑06‑23. The 6/22 sale appears to have been reported within the SEC’s typical two‑business‑day window; the 6/18 sale was filed after that window and therefore appears to have been reported late.

Context
These were sales (dispositions) rather than purchases or option exercises. Sales by insiders can reflect routine liquidity needs (taxes, diversification, estate planning, etc.) and do not by themselves indicate company performance; purchases typically carry more signal for bullish insider conviction.