Baugher Joshua Scott 4

4 · ARGAN INC · Filed Jun 18, 2026

AI-generated summary of this filing

Updated Jun 18, 2026

ARGAN (AGX) CFO Joshua Baugher Exercises Options, Sells Shares

What Happened

Joshua Scott Baugher, Chief Financial Officer of ARGAN, exercised stock options and sold shares on June 17, 2026. He exercised options at $61.22 per share (total exercise-related value shown $89,075 across lines), using a net-settle method for part of the exercise, and sold 760 shares in two open-market transactions for total proceeds of about $557,308.
Specifics:
- Exercised/converted option shares: 1,000 shares were net-settled (derivative disposition shown at $61.22 = $61,220 per filing footnote) and 455 shares were exercised and acquired at $61.22 costing $27,855.
- Open-market sales: 455 shares sold at $732.83 for $333,438; 305 shares sold at $734.00 for $223,870. Total cash proceeds from sales ≈ $557,308.

Key Details

Transaction date: June 17, 2026.
Prices and amounts:
- Exercise/conversion: 1,000 shares (net-settled) at $61.22 (value shown $61,220).
- Exercise/acquisition: 455 shares at $61.22 (cost $27,855).
- Open-market sales: 455 shares @ $732.83 (proceeds $333,438); 305 shares @ $734.00 (proceeds $223,870).
Shares owned after the transactions: Not specified in the provided filing details.
Footnotes in the filing:
- F1: The 1,000-share exercise was performed using the net-settle (cashless/net-share) method.
- F2–F3: Confirm the two open-market sales of 455 and 305 shares.
Filing timeliness: Report filed June 18, 2026 for transactions on June 17, 2026 (filed the next day), which is within typical SEC Form 4 timing requirements.

Context

Net-settlement (cashless) exercise: part of the exercised options (1,000 shares) were surrendered/withheld to cover exercise price/taxes rather than being issued as net new shares; 455 option shares were acquired outright at $61.22 and appear to have been sold in the open market the same day.
For retail investors: option exercises followed by immediate open-market sales are common for executives to cover exercise costs or diversify—these are routine transactions and not an explicit statement of company outlook.

Form 4

Period: 2026-06-17

Chief Financial Officer

Transactions

Sale
Common Stock
[F2]
2026-06-17$732.83/sh−455$333,438→ 1,784 total
Exercise/Conversion
Common Stock
[F1]
2026-06-17$61.22/sh+455$27,855→ 2,239 total
Sale
Common Stock
[F3]
2026-06-17$734.00/sh−305$223,870→ 1,479 total
Exercise/Conversion
Option to Purchase Common Stock
[F1]
2026-06-17$61.22/sh−1,000$61,220→ 1,708 total
Exercise: $61.22From: 2025-04-16Exp: 2034-04-16→ Common Stock (1,000 underlying)

Footnotes (3)

[F1]On June 17, 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.
[F2]On June 17, 2026, the Reporting Person sold 455 shares of the Issuer's common stock on the open market at a price of $732.83 per share.
[F3]On June 17, 2026, the Reporting Person sold 305 shares of the Issuer's common stock on the open market at a price of $734 per share.

Signature

/s/ Joshua S. Baugher|2026-06-18

1 file