WATSON DAVID HIBBERT (SVP & CFO) sold 27.9% of their position (19.31K shares) of ARGAN INC on the open market

Open‑market sale worth $11.63M — a significant reduction. Review remaining holdings and any 10b5‑1 plan disclosures.

S · 1 sale

WATSON DAVID HIBBERT

Filed: 4/20/2026ACC: 0001482442-26-000006

InsiderWATSON DAVID HIBBERTCIK 1482442

→

IssuerARGAN INCCIK 100591

Officer· SVP & CFO

Since Apr 2019

-20.80K

Net shares

Net seller

$11.63M

Total sold

Open market trades

0B · 1S

Total transactions

22.18K acquired · 42.98K disposed

Non-Derivative Transactions6

Common Stock

Direct

M · Option Exercise

+1.87K

Price / share

—

Trade value

—

% of position

4.0%

4/16/2026

47.13K→49K

Common Stock

Direct

M · Option Exercise

+736.00

Price / share

—

Trade value

—

% of position

1.5%

4/16/2026

49K→49.74K

Common Stock

Direct

M · Option Exercise

+2.30K

Price / share

—

Trade value

—

% of position

4.6%

4/17/2026

49.74K→52.04K

Common Stock

Direct

M · Option Exercise

+11.51K

Price / share

—

Trade value

—

% of position

22.1%

4/17/2026

52.04K→63.55K

Common Stock

Direct

M · Option Exercise

+5.76K

Price / share

—

Trade value

—

% of position

9.1%

4/17/2026

63.55K→69.31K

Common Stock

Direct

S · Sale

−19.31K

Price / share

$602.11

Trade value

$11.63M

% of position

27.9%

4/17/2026

69.31K→50K

Total

Net shares

+2.87K

Net value

-$11.63M

Security	Date	Type	Shares	Price / Share	Trade Value	% of Position	Held Before	Held After
Common Stock Direct	4/16/2026	M · Option Exercise	+1.87K	—	—	4.0%	47.13K	49K
Common Stock Direct	4/16/2026	M · Option Exercise	+736.00	—	—	1.5%	49K	49.74K
Common Stock Direct	4/17/2026	M · Option Exercise	+2.30K	—	—	4.6%	49.74K	52.04K
Common Stock Direct	4/17/2026	M · Option Exercise	+11.51K	—	—	22.1%	52.04K	63.55K
Common Stock Direct	4/17/2026	M · Option Exercise	+5.76K	—	—	9.1%	63.55K	69.31K
Common Stock Direct	4/17/2026	S · Sale	−19.31K	$602.11	$11.63M	27.9%	69.31K	50K
Total			+2.87K		-$11.63M

Derivative Transactions5

Time-Based Restricted Stock Units

Direct

M · Option Exercise

Converts to

Common Stock

3.33K shares

−3.33K

Strike price

Held after

11.59K

Exercisable

—

4/16/2026

Time-Based Restricted Stock Units

Direct

M · Option Exercise

Converts to

Common Stock

1.33K shares

−1.33K

Strike price

Held after

10.25K

Exercisable

—

4/16/2026

Time-Based Restricted Stock Units

Direct

M · Option Exercise

Converts to

Common Stock

4K shares

−4K

Strike price

Held after

6.25K

Exercisable

—

4/17/2026

Earnings Per Share Performance-Based Restricted Stock Units

Direct

M · Option Exercise

Converts to

Common Stock

10K shares

−10K

Strike price

Held after

18.84K

Exercisable

—

4/17/2026

Performance-Based Restricted Stock Units

Direct

M · Option Exercise

Converts to

Common Stock

5K shares

−5K

Strike price

Held after

7.28K

Exercisable

—

4/17/2026

Security	Converts To	Date	Type	Shares	Exercisable	Held After
Time-Based Restricted Stock Units Direct	Common Stock3.33K shares	4/16/2026	M · Option Exercise	−3.33K	—	11.59K
Time-Based Restricted Stock Units Direct	Common Stock1.33K shares	4/16/2026	M · Option Exercise	−1.33K	—	10.25K
Time-Based Restricted Stock Units Direct	Common Stock4K shares	4/17/2026	M · Option Exercise	−4K	—	6.25K
Earnings Per Share Performance-Based Restricted Stock Units Direct	Common Stock10K shares	4/17/2026	M · Option Exercise	−10K	—	18.84K
Performance-Based Restricted Stock Units Direct	Common Stock5K shares	4/17/2026	M · Option Exercise	−5K	—	7.28K