Flanders Cynthia 4
Research Summary
AI-generated summary
Argan Inc (AGX) Director Cynthia Flanders Sells Shares
What Happened
- Cynthia Flanders, a director of Argan Inc (AGX), sold 2,596 shares of the company's common stock in an open-market transaction on June 15, 2026. The shares were sold at $666.31 per share for total proceeds of approximately $1,729,741. This was a sale (S), not a purchase.
Key Details
- Transaction date and price: 2026-06-15 — 2,596 shares at $666.31/share.
- Total value: ~$1,729,741.
- Filing date / Period of Report: Filed 2026-06-16 for period ending 2026-06-15 (appears timely).
- Shares owned after transaction: Not disclosed in this Form 4 filing.
- Footnotes: Footnote confirms the sale was executed on the open market; no 10b5-1 plan, tax withholding, or other special arrangements are indicated in the filing.
Context
- Sales by directors are often routine and can reflect many non-investment reasons (liquidity needs, diversification, scheduled sell-offs). This filing only reports the transaction; it does not explain motivation.
- Because this is a straightforward open-market sale (code S), there are no derivative exercises or awards involved.