W. G. Champion Mitchell - Dec 14, 2023 Form 4 Insider Report for ARGAN INC (AGX)

Role
Director
Signature
/s/ W.G. Champion Mitchell
Stock symbol
AGX
Transactions as of
Dec 14, 2023
Transactions value $
$0
Form type
4
Date filed
12/18/2023, 05:17 PM
Previous filing
Dec 20, 2022
Next filing
Apr 19, 2024

Derivative Securities (e.g., puts, calls, warrants, options, convertible securities)

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Underlying Class Amount Exercise Price Ownership Footnotes
transaction AGX Option to Purchase Common Stock Award $0 +1.5K +2.65% $0.00 58.2K Dec 14, 2023 Common Stock 1.5K $43.70 Direct F1
transaction AGX Time-Based Restricted Stock Units Award $0 +2.5K +71.43% $0.00 6K Dec 14, 2023 Common Stock 2.5K $0.00 Direct F2
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 On December 14, 2023, the Reporting Person received 10-year options to purchase 1,500 shares of the Issuer's common stock with an exercise price of $43.70 per share. The options will vest ratably over three years on each anniversary of the grant date starting from 12/14/2024.
F2 On December 14, 2023, the Reporting Person was granted Time-Based Restricted Stock Units ("TRSUs") covering 2,500 shares of common stock. The TRSUs will vest in equal installments on each of the next three anniversaries of the grant date starting on 12/14/2024.