William F. Griffin Jr - Apr 18, 2023 Form 4 Insider Report for ARGAN INC (AGX)

Role: Director, GEMMA, NON-EXECUTIVE CHAIRMAN
Signature: /s/ William F. Griffin, Jr.
Stock symbol: AGX
Transactions as of: Apr 18, 2023
Transactions value $: $0
Form type: 4
Date filed: 4/19/2023, 04:30 PM
Previous filing: Apr 20, 2022
Next filing: Apr 19, 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	+4.28K	+2.52%	$0.00	174K	Apr 18, 2023	By William F Griffin Jr Revocable Trust U/A DTD FBO 12/09/04	F1

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	-4.28K	-33.93%	$0.00	8.33K	Apr 18, 2023	Common Stock	4.28K	$0.00	Direct	F1, F2

* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id	Content
F1	On April 18, 2023, the Reporting Person had Time-Based Restricted Stock Units (the "TBRSUs") vest in the amount of 4,280 shares of Common Stock. This issuance is pursuant to the ratable three year vesting schedule of the 12,500 TBRSU award that was granted on April 18, 2022.
F2	As of the date of this filing, the remaining number of TBRSUs beneficially owned by the Reporting Person includes (a) 8,334 shares of TBRSUs granted on April 18, 2022 which are to vest ratably pursuant to their three-year vesting schedule.