Jeffrey John Ronald Jr. 4

What Happened
Jeffrey John Ronald Jr., a director of ARGAN Inc. (AGX), sold 5,000 shares of the company's common stock in an open-market transaction on January 27, 2026. The shares were sold at an average price of $360.78 per share, for total proceeds of $1,803,900. This filing reports a sale (not a purchase), which is a liquidity event for the insider rather than an explicit signal about company prospects.

Key Details

• Transaction date and price: January 27, 2026 — 5,000 shares @ $360.78 average.
• Total value: $1,803,900.
• Transaction type/code: Open-market sale (S).
• Shares owned after transaction: Not disclosed in this Form 4.
• Footnote: F1 confirms the shares were sold on the open market at the stated average price.
• Filing timeliness: Form 4 filed January 29, 2026 (two days after the transaction), which appears to be within the normal SEC reporting window for insiders.

Context
Sales by directors can reflect personal financial planning and do not necessarily indicate negative views on the company. No 10b5-1 plan, option exercise, gift, or tax-withholding arrangement is disclosed in this filing. Retail investors should consider this as factual insider activity but avoid inferring motive from the sale alone.