Flanders Cynthia 4

What Happened
Cynthia Flanders, a director of Argan Inc (AGX), sold 19,000 shares of the company's common stock on the open market on January 21, 2026 at an average price of $386.70 per share, generating proceeds of $7,347,300. This was a sale (transaction code S), which is often a routine disposition and does not by itself indicate a change in the insider’s view of the company.

Key Details

• Transaction date and price: 2026-01-21 — 19,000 shares at $386.70 per share (avg).
• Total proceeds: $7,347,300.
• Shares owned after transaction: Not disclosed in the provided filing.
• Footnote: F1 confirms the shares were sold on the open market at the stated average price.
• Filing timeliness: Form 4 was filed on 2026-01-23 (within the typical two-business-day reporting window) — not reported as late.

Context
Open-market sales by directors can reflect many reasons (diversification, personal liquidity, tax planning) and are not necessarily a signal about company fundamentals. The filing does not indicate that this was a 10% owner transaction or a derivative exercise; it is a straightforward sale of common stock.