Cynthia A. Flanders - 13 Jan 2026 Form 4 Insider Report for ARGAN INC (AGX)

Role: Director
Signature: /s/ Cynthia A. Flanders
Issuer symbol: AGX
Transactions as of: 13 Jan 2026
Net transactions value: -$161,302
Form type: 4
Filing time: 14 Jan 2026, 17:00:11 UTC
Previous filing: 17 Dec 2025
Next filing: 23 Jan 2026
SEC: View on sec.gov

Reporting Owners (1)

Name	Relationship	Address	Signature	Signature date	CIK
Flanders Cynthia	Director	10006 WILDWOOD ROAD, KENSINGTON	/s/ Cynthia A. Flanders	14 Jan 2026	0001463638

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
transaction	AGX	Common Stock	Options Exercise	$349,827	+8,713	+46%	$40.15	27,841	13 Jan 2026	Direct	F1
transaction	AGX	Common Stock	Options Exercise	$390,430	+8,534	+31%	$45.75	36,375	13 Jan 2026	Direct	F2
transaction	AGX	Common Stock	Options Exercise	$163,558	+4,405	+12%	$37.13	40,780	13 Jan 2026	Direct	F3
transaction	AGX	Common Stock	Options Exercise	$158,132	+4,427	+11%	$35.72	45,207	13 Jan 2026	Direct	F4

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	Options Exercise	$401,500	-10,000	-32%	$40.15	21,500	13 Jan 2026	Common Stock	10,000	$40.15	Direct	F1
transaction	AGX	Option to Purchase Common Stock	Options Exercise	$457,500	-10,000	-47%	$45.75	11,500	13 Jan 2026	Common Stock	10,000	$45.75	Direct	F2
transaction	AGX	Option to Purchase Common Stock	Options Exercise	$185,650	-5,000	-43%	$37.13	6,500	13 Jan 2026	Common Stock	5,000	$37.13	Direct	F3
transaction	AGX	Option to Purchase Common Stock	Options Exercise	$178,600	-5,000	-77%	$35.72	1,500	13 Jan 2026	Common Stock	5,000	$35.72	Direct	F4

* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id	Content
F1	On January 13, 2026, the Reporting Person exercised her stock option awarded on December 23, 2019 to purchase 10,000 shares of the Issuer's common stock at a price of $40.15 per share, using the net settle method.
F2	On January 13, 2026, the Reporting Person exercised her stock option awarded on December 14, 2020 to purchase 10,000 shares of the Issuer's common stock at a price of $45.75 per share, using the net settle method.
F3	On January 13, 2026, the Reporting Person exercised her stock option awarded on December 14, 2021 to purchase 5,000 shares of the Issuer's common stock at a price of $37.13 per share, using the net settle method.
F4	On January 13, 2026, the Reporting Person exercised her stock option awarded on December 16, 2022 to purchase 5,000 shares of the Issuer's common stock at a price of $35.72 per share, using the net settle method.