David H. Watson - 16 Apr 2026 Form 4 Insider Report for ARGAN INC (AGX)

Reporting relationship: PRESIDENT AND CEO, Director
Issuer ticker: AGX
Reported as of: 16 Apr 2026
Net transaction value: -$11,626,744
SEC form: 4
Accepted by SEC: 20 Apr 2026, 17:00:11 UTC
Prior SEC filing: 10 Apr 2026
Next SEC filing: 16 Jun 2026
Source filing: View source filing
Reporting owner signature: /s/ David H. Watson

Key filing fact

David H. Watson filed Form 4 for ARGAN INC (AGX) on 20 Apr 2026.

Key facts

This page summarizes David H. Watson's Form 4 filing for ARGAN INC (AGX).
11 reported transactions and 5 derivative rows are listed below.
Accepted by SEC: 20 Apr 2026, 17:00.

Change

Previous filing in this sequence was filed on 10 Apr 2026.
Current net transaction value: -$11,626,744.

Research use

This tells you what this filing adds before you inspect full transaction and derivative tables.
You can trace every row back to the original SEC filing document.

Evidence

Filed on Form 4

Ownership activity is grounded in SEC Form 4 disclosures.

View source filing

Reporting Owners (1)

CIK 0001482442 Primary reporting owner

Watson David Hibbert

Relationship: PRESIDENT AND CEO, Director
Address: 4075 WILSON BOULEVARD, SUITE 440, ARLINGTON
Signature: /s/ David H. Watson
Signature date: 20 Apr 2026

Reported non-derivative transactions

Shares, units, or other non-derivative securities reported in this filing.

AGX transaction

Common Stock

Options Exercise

Transaction value
Shares: +1,869
Change %: +4%
Price: $0.000000^*
Shares after: 49,001
Date: 16 Apr 2026
Ownership: Direct
Footnotes: F1

AGX transaction

Common Stock

Options Exercise

Transaction value
Shares: +736
Change %: +1.5%
Price: $0.000000^*
Shares after: 49,737
Date: 16 Apr 2026
Ownership: Direct
Footnotes: F2

AGX transaction

Common Stock

Options Exercise

Transaction value
Shares: +2,302
Change %: +4.6%
Price: $0.000000^*
Shares after: 52,039
Date: 17 Apr 2026
Ownership: Direct
Footnotes: F3

AGX transaction

Common Stock

Options Exercise

Transaction value
Shares: +11,513
Change %: +22%
Price: $0.000000^*
Shares after: 63,552
Date: 17 Apr 2026
Ownership: Direct
Footnotes: F4

AGX transaction

Common Stock

Options Exercise

Transaction value
Shares: +5,756
Change %: +9.1%
Price: $0.000000^*
Shares after: 69,308
Date: 17 Apr 2026
Ownership: Direct
Footnotes: F5

AGX transaction

Common Stock

Sale

Transaction value: $11,626,744
Shares: -19,310
Change %: -28%
Price: $602.11
Shares after: 49,998
Date: 17 Apr 2026
Ownership: Direct
Footnotes: F6

Reported derivative securities

Options, warrants, convertible securities, or similar derivative positions disclosed in the filing.

AGX transaction Derivative

Time-Based Restricted Stock Units

Options Exercise

Transaction value
Shares: -3,333
Change %: -22%
Price: $0.000000^*
Shares after: 11,585
Date: 16 Apr 2026
Ownership: Direct
Underlying class: Common Stock
Underlying amount: 3,333
Exercise price: $0.000000
Footnotes: F1

AGX transaction Derivative

Time-Based Restricted Stock Units

Options Exercise

Transaction value
Shares: -1,333
Change %: -12%
Price: $0.000000^*
Shares after: 10,252
Date: 16 Apr 2026
Ownership: Direct
Underlying class: Common Stock
Underlying amount: 1,333
Exercise price: $0.000000
Footnotes: F2

AGX transaction Derivative

Time-Based Restricted Stock Units

Options Exercise

Transaction value
Shares: -4,000
Change %: -39%
Price: $0.000000^*
Shares after: 6,252
Date: 17 Apr 2026
Ownership: Direct
Underlying class: Common Stock
Underlying amount: 4,000
Exercise price: $0.000000
Footnotes: F3

AGX transaction Derivative

Earnings Per Share Performance-Based Restricted Stock Units

Options Exercise

Transaction value
Shares: -10,000
Change %: -35%
Price: $0.000000^*
Shares after: 18,839
Date: 17 Apr 2026
Ownership: Direct
Underlying class: Common Stock
Underlying amount: 10,000
Exercise price: $0.000000
Footnotes: F4

AGX transaction Derivative

Performance-Based Restricted Stock Units

Options Exercise

Transaction value
Shares: -5,000
Change %: -41%
Price: $0.000000^*
Shares after: 7,284
Date: 17 Apr 2026
Ownership: Direct
Underlying class: Common Stock
Underlying amount: 5,000
Exercise price: $0.000000
Footnotes: F5

^* marks a reported price that did not pass the local price check.

Additional SEC filing notes

Filing notes and footnotes

Explanation of responses 6 footnotes

Footnote F1

Pursuant to the three-year vesting schedule of the Time-Based Restricted Stock Units ("TRSUs") awarded to the Reporting Person on April 16, 2024, 3,333 shares of Common Stock became issuable to the Reporting Person on April 16, 2026 and is adjusted for dividends.

Footnote F2

Pursuant to the three-year vesting schedule of the TRSUs awarded to the Reporting Person on April 16, 2025, 1,333 shares of Common Stock became issuable to the Reporting Person on April 16, 2026 and is adjusted for dividends.

Footnote F3

Pursuant to the three-year vesting schedule of the TRSUs awarded to the Reporting Person on April 17, 2023, 4,000 shares of Common Stock became issuable to the Reporting Person on April 17, 2026 and is adjusted for dividends.

Footnote F4

Pursuant to three-year performance period vesting schedule of the Earnings Per Share Performance-Based Restricted Stock Units ("ERSUs") awarded to the Reporting Person on April 17, 2023, 20,000 shares of the Issuer's Common stock became issuable to the Reporting Person on April 17, 2026 and is adjusted for dividends. The target number of shares was 10,000.

Footnote F5

Pursuant to three-year performance period vesting schedule of the Performance-Based Restricted Stock Units ("PRSUs") awarded to the Reporting Person on April 17, 2023, 10,000 shares of the Issuer's Common stock became issuable to the Reporting Person on April 17, 2026 and is adjusted for dividends. The target number of shares was 5,000.

Footnote F6

On April 17, 2026, the Reporting Person sold 19,310 shares of the Issuer's common stock on the open market at an average price of $602.11 per share.