Jeffrey John Ronald Jr. 4

What Happened Jeffrey John Ronald Jr., a director of Argan, sold 4,556 shares of Argan common stock in an open-market transaction on March 31, 2026. The shares were sold at an average price of $539.85 per share for a total proceeds of approximately $2,459,557. This was a sale (not a purchase or option exercise), which is often routine insider selling rather than a bullish signal.

Key Details

• Transaction date: March 31, 2026
• Transaction type: Open-market sale (Code S)
• Shares sold: 4,556
• Price per share: $539.85 (average)
• Total value: ~$2,459,557
• Shares owned after the transaction: Not specified in the Form 4 filing
• Footnote: The filing confirms the sale was on the open market at the stated average price (see footnote F1)
• Filing: Form 4 filed April 2, 2026 — filed two days after the trade and appears timely under standard Form 4 rules

Context This report documents a straight sale of shares by a company director. Sales by insiders can reflect many reasons (diversification, cash needs, scheduled plan) and do not by themselves indicate management’s view on the company’s prospects. There is no indication in this filing of an options exercise, 10b5-1 plan, gift, or tax-withholding disposition.