Leimkuhler William F. 4

What Happened
William F. Leimkuhler, a director of Argan, Inc. (AGX), sold 11,044 shares of the company's common stock in an open-market transaction on January 16, 2026. The shares were sold at an average price of $379.15 per share for total proceeds of $4,187,333.

Key Details

• Transaction date: January 16, 2026
• Transaction type/code: Sale (S) — open market/private sale reported
• Price per share: $379.15 (average)
• Shares sold: 11,044
• Total proceeds: $4,187,333
• Footnote: Confirms the sale of 11,044 shares at an average price of $379.15 (Footnote F1).
• Shares owned after transaction: Not specified in the provided filing.
• Filing date: Form 4 filed Jan 21, 2026 (five days after the trade); confirm timeliness status on the SEC record, as Form 4s are generally due within two business days of the transaction.

Context
Sales by directors can be routine (e.g., portfolio rebalancing or liquidity needs) and do not necessarily indicate a change in company outlook. Purchases typically carry more signal value for investors. This filing reports a straight sale of shares; no options exercise, gift, or other derivative activity was indicated.