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ARGAN INC·4

Jun 16, 4:30 PM ET

Watson David Hibbert 4

4 · ARGAN INC · Filed Jun 16, 2026

Research Summary

AI-generated summary of this filing

Updated

Argan (AGX) CEO David Watson Sells Shares, Exercises Options

What Happened
David Hibbert Watson, President, CEO and a director of Argan Inc. (AGX), sold common stock and exercised stock options on June 15–16, 2026. He sold 9,993 shares on June 15 at an average price of $651.22 ($6,507,641) and sold 1,880 shares on June 16 at an average price of $707.35 ($1,329,818), for total open‑market proceeds of $7,837,459. On June 16 he exercised a total of 3,333 stock options (grants from 2023, 2024 and 2025) using the net‑settle (cashless) method; that exercise resulted in 1,880 shares delivered to him and 1,453 shares withheld/surrendered to cover exercise cost/taxes.

Key Details

  • Sale transactions:
    • 2026-06-15: 9,993 shares sold — $651.22 avg — proceeds $6,507,641 (Footnote F1).
    • 2026-06-16: 1,880 shares sold — $707.35 avg — proceeds $1,329,818 (Footnote F5).
  • Option exercises (all reported 2026-06-16; net‑settled per filings F2–F4):
    • 1,666 options (award 4/17/2023) at $39.47 — 862 shares delivered, 804 withheld.
    • 1,000 options (award 4/16/2024) at $61.22 — 588 shares delivered, 412 withheld.
    • 667 options (award 4/16/2025) at $148.72 — 430 shares delivered, 237 withheld.
    • Total options exercised: 3,333; shares delivered to insider: 1,880; shares withheld/surrendered: 1,453.
  • Shares owned after the transactions: not specified in the provided report.
  • Footnotes: exercises were performed using the net‑settle (cashless) method (F2–F4). Sales were open‑market trades (F1, F5).
  • Timeliness: Form 4 filed 2026‑06‑16 covering transactions on 6/15–6/16; filing appears timely.

Context

  • Net‑settle (cashless) exercises mean options were converted and enough shares were withheld/sold to cover the exercise price and taxes; the filing shows 1,880 shares were delivered to Watson and the remainder were withheld/surrendered. The same day open‑market sale of 1,880 shares suggests those delivered shares were sold immediately.
  • This filing reflects routine option exercises and insider selling of shares to realize proceeds; it does not by itself indicate the insider’s view of the company’s prospects.

Insider Transaction Report

Form 4
Period: 2026-06-15
ARGAN INCAGX
Watson David Hibbert
DirectorPRESIDENT AND CEO
Transactions
  • Sale

    Common Stock

    [F1]
    2026-06-15$651.22/sh−9,993$6,507,641→ 40,005 total
  • Exercise/Conversion

    Common Stock

    [F2]
    2026-06-16$39.47/sh+862$34,023→ 40,867 total
  • Exercise/Conversion

    Common Stock

    [F3]
    2026-06-16$61.22/sh+588$35,997→ 41,455 total
  • Exercise/Conversion

    Common Stock

    [F4]
    2026-06-16$148.72/sh+430$63,950→ 41,885 total
  • Sale

    Common Stock

    [F5]
    2026-06-16$707.35/sh−1,880$1,329,818→ 40,005 total
  • Exercise/Conversion

    Option to Purchase Common Stock

    [F2]
    2026-06-16$39.47/sh−1,666$65,757→ 4,415 total
    Exercise: $39.47From: 2024-04-17Exp: 2033-04-17→ Common Stock (1,666 underlying)
  • Exercise/Conversion

    Option to Purchase Common Stock

    [F3]
    2026-06-16$61.22/sh−1,000$61,220→ 3,415 total
    Exercise: $61.22From: 2025-04-16Exp: 2034-04-16→ Common Stock (1,000 underlying)
  • Exercise/Conversion

    Option to Purchase Common Stock

    [F4]
    2026-06-16$148.72/sh−667$99,196→ 2,748 total
    Exercise: $148.72From: 2026-04-16Exp: 2035-04-16→ Common Stock (667 underlying)
Footnotes (5)
  • [F1]On June 15, 2026, the Reporting Person sold 9,993 shares of the Issuer's common stock on the open market at an average price of $651.22 per share.
  • [F2]On June 16, 2026, the Reporting Person exercised the remaining portion of his stock option awarded on April 17, 2023 to purchase 1,666 shares of the Issuer's common stock at a price of $39.47 per share using the net settle method.
  • [F3]On June 16, 2026, the Reporting Person exercised a portion of his stock option awarded on April 16, 2024 to purchase 1,000 shares of the Issuer's common stock at a price of $61.22 per share using the net settle method.
  • [F4]On June 16, 2026, the Reporting Person exercised a portion of his stock option awarded on April 16, 2025 to purchase 667 shares of the Issuer's common stock at a price of $148.72 per share using the net settle method.
  • [F5]On June 16, 2026 the Reporting Person sold 1,880 shares of the Issuer's common stock on the open market at an average price of $707.35 per share.
Signature
/s/ David H. Watson|2026-06-16

Documents

1 file
  • 4
    form4-06162026_040603.xmlPrimary