SEC FORM 4

SEC FORM 4SEC Form 4

FORM 4

UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934
or Section 30(h) of the Investment Company Act of 1940

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Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).

Check this box to indicate that a transaction was made pursuant to a contract, instruction or written plan for the purchase or sale of equity securities of the issuer that is intended to satisfy the affirmative defense conditions of Rule 10b5-1(c). See Instruction 10.

1. Name and Address of Reporting Person^*

Collins Charles Edwin IV

(Last)

(First)

(Middle)

C/O ARGAN, INC.

4075 WILSON BLVD, SUITE 440

(Street)

ARLINGTON

VIRGINIA

22203

(City)

(State)

(Zip)

UNITED STATES

(Country)

2. Issuer Name and Ticker or Trading Symbol
ARGAN INC [ AGX ]

5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)

	Director	10% Owner
X	Officer (give title below)	Other (specify below)
	CHIEF EXECUTIVE OFFICER, GEMMA

2a. Foreign Trading Symbol

3. Date of Earliest Transaction (Month/Day/Year)
04/20/2026

6. Individual or Joint/Group Filing (Check Applicable Line)

X	Form filed by One Reporting Person
	Form filed by More than One Reporting Person

4. If Amendment, Date of Original Filed (Month/Day/Year)

Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1. Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	3. Transaction Code (Instr. 8)		4. Securities Acquired (A) or Disposed Of (D) (Instr. 3, 4 and 5)			5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4)	6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)
1. Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	Code	V	Amount	(A) or (D)	Price		6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)
Common Stock	04/20/2026		M		2,500⁽¹⁾	A	$39.47	32,820	D
Common Stock	04/20/2026		S		2,500⁽²⁾	D	$610	30,320	D
Common Stock	04/21/2026		M		5,000⁽³⁾	A	$36.78	35,320	D
Common Stock	04/21/2026		M		5,235⁽⁴⁾	A	$33.81	40,555	D
Common Stock	04/21/2026		M		500⁽⁵⁾	A	$61.22	41,055	D
Common Stock	04/21/2026		M		333⁽⁶⁾	A	$148.72	41,388	D
Common Stock	04/21/2026		S		11,068⁽⁷⁾	D	$621.61	30,320	D

Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 3)	2. Conversion or Exercise Price of Derivative Security	3. Transaction Date (Month/Day/Year)	3A. Deemed Execution Date, if any (Month/Day/Year)	4. Transaction Code (Instr. 8)		5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5)		6. Date Exercisable and Expiration Date (Month/Day/Year)		7. Title and Amount of Securities Underlying Derivative Security (Instr. 3 and 4)		8. Price of Derivative Security (Instr. 5)	9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4)	10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)
1. Title of Derivative Security (Instr. 3)	2. Conversion or Exercise Price of Derivative Security	3. Transaction Date (Month/Day/Year)	3A. Deemed Execution Date, if any (Month/Day/Year)	Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares	8. Price of Derivative Security (Instr. 5)		10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)
Option to Purchase Common Stock	$39.47	04/20/2026		M			2,500⁽¹⁾	04/17/2024	04/17/2033	Common Stock	2,500	$39.47	12,567	D
Option to Purchase Common Stock	$36.78	04/21/2026		M			5,000⁽³⁾	04/18/2023	04/18/2032	Common Stock	5,000	$36.78	7,567	D
Option to Purchase Common Stock	$33.81	04/21/2026		M			5,235⁽⁴⁾	04/16/2021	04/16/2030	Common Stock	5,235	$33.81	2,332	D
Option to Purchase Common Stock	$61.22	04/21/2026		M			500⁽⁵⁾	04/16/2025	04/16/2034	Common Stock	500	$61.22	1,832	D
Option to Purchase Common Stock	$148.72	04/21/2026		M			333⁽⁶⁾	04/10/2026	04/10/2035	Common Stock	333	$148.72	1,499	D

Explanation of Responses:

1. On April 20, 2026, the Reporting Person exercised his stock option awarded on April 17, 2023 to purchase 2,500 shares of the Issuer's common stock at a price of $39.47 per share.

2. On April 20, 2026, the Reporting Person sold 2,500 shares of the Issuer's common stock on the open market at a price of $610 per share.

3. On April 21, 2026, the Reporting Person exercised his stock option awarded on April 18, 2022 to purchase 5,000 shares of the Issuer's common stock at a price of $36.78 per share.

4. On April 21, 2026, the Reporting Person exercised the remaining portion of his stock option awarded on April 16, 2020 to purchase 5,235 shares of the Issuer's common stock at a price of $33.81 per share.

5. On April 21, 2026, the Reporting Person exercised a portion of his stock option awarded on April 16, 2024 to purchase 500 shares of the Issuer's common stock at a price of $61.22 per share.

6. On April 21, 2026, the Reporting Person exercised a portion of his stock option awarded on April 10, 2025 to purchase 333 shares of the Issuer's common stock at a price of $148.72 per share.

7. On April 21, 2026, the Reporting Person sold 11,068 shares of the Issuer's common stock on the open market at an average price of $621.61 per share.

	/s/ Charles E. Collins IV	04/22/2026
	** Signature of Reporting Person	Date
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* If the form is filed by more than one reporting person, see Instruction 4 (b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB Number.
* Form 4: SEC 1474 (03-26)