Getsinger Peter W 4

What Happened Peter W. Getsinger, a director of ARGAN Inc. (AGX), exercised stock options and then sold and gifted some of the resulting shares. On April 1, 2026 he exercised options to purchase 5,000 shares at $37.13 and 1,000 shares at $43.70 (net‑settle), resulting in 4,661 and 920 net shares received respectively (total net acquired = 5,581 shares for a combined exercise cost of $213,267). On April 2, 2026 he sold 2,581 shares on the open market at an average price of $552.73 per share for proceeds of about $1,426,596, and he made a bona fide gift of 1,000 shares. Net effect of these filings: +2,000 shares (5,581 acquired minus 3,581 disposed).

Key Details

• Transaction dates: Option exercises on 2026-04-01; open-market sale and gift on 2026-04-02.
• Exercise prices and net shares received: 5,000 option exercise at $37.13 → 4,661 net shares (cost $173,063); 1,000 option exercise at $43.70 → 920 net shares (cost $40,204).
• Sale: 2,581 shares sold at an average $552.73 → proceeds ~$1,426,596.
• Gift: 1,000 shares gifted (bona fide gift).
• Filing: Form 4 filed 2026-04-02 reporting 04-01/04-02 transactions (not indicated as late in the filing).
• Shares owned after transaction: Not specified in the filing; net change across these transactions = +2,000 shares.
• Footnotes: Exercises were done using the net-settle (cashless) method; the filing shows the gross option exercises as derivative dispositions because shares were withheld to cover exercise price/taxes.

Context Net‑settle (cashless) option exercises mean some underlying shares were withheld to cover the strike price and tax obligations—hence the difference between gross exercised amounts (5,000 and 1,000) and net shares received (4,661 and 920). The open‑market sale generated substantial proceeds, while the 1,000‑share gift is a personal transfer and should not be taken as a market sentiment indicator. This activity is routine insider reporting of option exercises and subsequent disposition; it is factual reporting, not an explanation of motivation.