RAINER H. BOSSELMANN - 16 Apr 2023 Form 4 Insider Report for ARGAN INC (AGX)

Role
Director
Signature
/s/ Rainer H. Bosselmann
Issuer symbol
AGX
Transactions as of
16 Apr 2023
Transactions value $
$0
Form type
4
Filing time
19 Apr 2023, 16:30:11 UTC
Previous filing
08 Mar 2023
Next filing
24 Jan 2024
SEC
View on sec.gov

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction AGX Common Stock Options Exercise $0 +4,382 +1.12% $0 394,772 16 Apr 2023 Direct F1
transaction AGX Common Stock Options Exercise $0 +4,280 +1.08% $0 399,052 18 Apr 2023 Direct F2, F3

Derivative Securities (e.g., puts, calls, warrants, options, convertible securities)

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Underlying Class Amount Exercise Price Ownership Footnotes
transaction AGX Time-Based Restricted Stock Units Options Exercise $0 -4,382 -20.82% $0 16,667 16 Apr 2023 Common Stock 4,382 $0 Direct F1
transaction AGX Time-Based Restricted Stock Units Options Exercise $0 -4,280 -25.51% $0 12,501 18 Apr 2023 Common Stock 4,280 $0 Direct F2, F4
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 On April 16, 2023, the Reporting Person had Time-Based Restricted Stock Units ("the TBRSUs") vest in the amount of 4,382 shares of Common Stock. This issuance is pursuant to the three year vesting schedule of the 12,500 TBRSU award that was granted on April 16, 2021 and is adjusted for cash dividends.
F2 On April 18, 2023, the Reporting Person had TBRSUs vest in the amount of 4,280 shares of Common Stock. This issuance is pursuant to the three year vesting schedule of the 12,500 TBRSU award that was granted on April 18, 2022 and is adjusted for cash dividends.
F3 2,241 shares are held by Rainer and Beverley Bosselmann, as joint tenants, and the remaining shares are held directly by Rainer Bosselmann.
F4 As of the date of this filing, the remaining number of TBRSUs beneficially owned by the Reporting Person includes (a) 4,167 shares of TBRSUs granted on April 16, 2021; and (b) 8,334 shares of TBRSUs granted on April 18, 2022; all to vest pursuant to their respective three year vesting schedule.