WATSON DAVID HIBBERT (SVP & CFO) sold 22.9% of their position (11.87K shares) of ARGAN INC on the open market

Open‑market sale worth $7.84M — a significant reduction. Review remaining holdings and any 10b5‑1 plan disclosures.

S · 2 sales

WATSON DAVID HIBBERT

Filed: 6/16/2026ACC: 0001482442-26-000012

InsiderWATSON DAVID HIBBERTCIK 1482442

→

IssuerARGAN INCCIK 100591

Officer· SVP & CFO

Since Apr 2019

-13.33K

Net shares

Net seller

$7.84M

Total sold

Open market trades

0B · 2S

Total transactions

1.88K acquired · 15.21K disposed

Non-Derivative Transactions5

Common Stock

Direct

S · Sale

−9.99K

Price / share

$651.22

Trade value

$6.51M

% of position

20.0%

6/15/2026

50K→40.01K

Common Stock

Direct

M · Option Exercise

+862.00

Price / share

$39.47

Trade value

$34.02K

% of position

2.2%

6/16/2026

40.01K→40.87K

Common Stock

Direct

M · Option Exercise

+588.00

Price / share

$61.22

Trade value

$36K

% of position

1.4%

6/16/2026

40.87K→41.45K

Common Stock

Direct

M · Option Exercise

+430.00

Price / share

$148.72

Trade value

$63.95K

% of position

1.0%

6/16/2026

41.45K→41.88K

Common Stock

Direct

S · Sale

−1.88K

Price / share

$707.35

Trade value

$1.33M

% of position

4.5%

6/16/2026

41.88K→40.01K

Total

Net shares

−9.99K

Net value

-$7.70M

Security	Date	Type	Shares	Price / Share	Trade Value	% of Position	Held Before	Held After
Common Stock Direct	6/15/2026	S · Sale	−9.99K	$651.22	$6.51M	20.0%	50K	40.01K
Common Stock Direct	6/16/2026	M · Option Exercise	+862.00	$39.47	$34.02K	2.2%	40.01K	40.87K
Common Stock Direct	6/16/2026	M · Option Exercise	+588.00	$61.22	$36K	1.4%	40.87K	41.45K
Common Stock Direct	6/16/2026	M · Option Exercise	+430.00	$148.72	$63.95K	1.0%	41.45K	41.88K
Common Stock Direct	6/16/2026	S · Sale	−1.88K	$707.35	$1.33M	4.5%	41.88K	40.01K
Total			−9.99K		-$7.70M

Derivative Transactions3

Option to Purchase Common Stock

Direct

M · Option Exercise

Converts to

Common Stock

1.67K shares

−1.67K

Strike price

39.47

Held after

4.42K

Exercisable

—

6/16/2026

Option to Purchase Common Stock

Direct

M · Option Exercise

Converts to

Common Stock

1K shares

−1K

Strike price

61.22

Held after

3.42K

Exercisable

—

6/16/2026

Option to Purchase Common Stock

Direct

M · Option Exercise

Converts to

Common Stock

667.00 shares

−667.00

Strike price

148.72

Held after

2.75K

Exercisable

—

6/16/2026

Security	Converts To	Date	Type	Shares	Strike Price	Exercisable	Held After
Option to Purchase Common Stock Direct	Common Stock1.67K shares	6/16/2026	M · Option Exercise	−1.67K	39.47	—	4.42K
Option to Purchase Common Stock Direct	Common Stock1K shares	6/16/2026	M · Option Exercise	−1K	61.22	—	3.42K
Option to Purchase Common Stock Direct	Common Stock667.00 shares	6/16/2026	M · Option Exercise	−667.00	148.72	—	2.75K