Rainer H. Bosselmann - Apr 16, 2024 Form 4 Insider Report for ARGAN INC (AGX)

Role
Director
Signature
/s/ Rainer H. Bosselmann
Stock symbol
AGX
Transactions as of
Apr 16, 2024
Transactions value $
$0
Form type
4
Date filed
4/18/2024, 05:39 PM
Previous filing
Jan 24, 2024
Next filing
Apr 25, 2024

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction AGX Common Stock Options Exercise $0 +2.74K +0.91% $0.00 304K Apr 16, 2024 Direct F1
transaction AGX Common Stock Options Exercise $0 +2.68K +0.88% $0.00 306K Apr 18, 2024 Direct F2

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 Time-Based Restricted Stock Units Options Exercise $0 -4.17K -33.33% $0.00 8.34K Apr 16, 2024 Common Stock 0 $0.00 Direct F1
transaction AGX Performance-Based Restricted Stock Units Disposed to Issuer $0 -12.5K -50% $0.00 12.5K Apr 16, 2024 Common Stock 12.5K $0.00 Direct F3
transaction AGX Time-Based Restricted Stock Units Options Exercise $0 -4.17K -49.99% $0.00 4.17K Apr 18, 2024 Common Stock 0 $0.00 Direct F2
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Pursuant to the three-year vesting schedule of the Time-Based Restricted Stock Unit awarded to the Reporting Person on April 16, 2021, 4,166 shares of Common Stock became issuable to the Reporting Person on April 16, 2024.
F2 Pursuant to the three-year vesting schedule of the Time-Based Restricted Stock Unit awarded to the Reporting Person on April 18, 2022, 4,167 shares of Common Stock became issuable to the Reporting Person on April 18, 2024
F3 Performance-Based Restricted Stock Units ("PRSUs") awarded on 4/16/2021 were forfeited due to failure to achieve the required Total Stock Return ("TSR") ranking.