W. G. CHAMPION MITCHELL - 14 Dec 2023 Form 4 Insider Report for ARGAN INC (AGX)

Role
Director
Signature
/s/ W.G. Champion Mitchell
Issuer symbol
AGX
Transactions as of
14 Dec 2023
Net transactions value
$0
Form type
4
Filing time
18 Dec 2023, 17:17:23 UTC
Previous filing
20 Dec 2022
Next filing
19 Apr 2024
SEC
View on sec.gov

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 Option to Purchase Common Stock Award $0 +1,500 +2.6% $0.000000 58,167 14 Dec 2023 Common Stock 1,500 $43.70 Direct F1
transaction AGX Time-Based Restricted Stock Units Award $0 +2,500 +71% $0.000000 6,000 14 Dec 2023 Common Stock 2,500 $0.000000 Direct F2
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 On December 14, 2023, the Reporting Person received 10-year options to purchase 1,500 shares of the Issuer's common stock with an exercise price of $43.70 per share. The options will vest ratably over three years on each anniversary of the grant date starting from 12/14/2024.
F2 On December 14, 2023, the Reporting Person was granted Time-Based Restricted Stock Units ("TRSUs") covering 2,500 shares of common stock. The TRSUs will vest in equal installments on each of the next three anniversaries of the grant date starting on 12/14/2024.