Argan (AGX) Form 4 ARGAN / RAINER H BOSSELMANN ownership change

SEC Form 4

FORM 4

UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934
or Section 30(h) of the Investment Company Act of 1940

OMB APPROVAL

OMB Number:	3235-0287
Estimated average burden
hours per response:	0.5

Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).

1. Name and Address of Reporting Person^*

BOSSELMANN RAINER H

(Last) (First) (Middle)

C/O ARGAN, INC.

1 CHURCH STREET, SUITE 201

(Street)

ROCKVILLE MD 20850

(City) (State) (Zip)

2. Issuer Name and Ticker or Trading Symbol
ARGAN INC [ AGX ]

5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)

X	Director	10% Owner
	Officer (give title below)	Other (specify below)

3. Date of Earliest Transaction (Month/Day/Year)
07/05/2024

4. If Amendment, Date of Original Filed (Month/Day/Year)

6. Individual or Joint/Group Filing (Check Applicable Line)

X	Form filed by One Reporting Person
	Form filed by More than One Reporting Person

Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1. Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	3. Transaction Code (Instr. 8)		4. Securities Acquired (A) or Disposed Of (D) (Instr. 3, 4 and 5)			5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4)	6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)
			Code	V	Amount	(A) or (D)	Price
Common Stock	07/05/2024		M		14,236(1)	A	$32.68	261,955	D
Common Stock	07/05/2024		M		13,812(2)	A	$33.85	275,767	D
Common Stock	07/05/2024		M		9,963(3)	A	$37.6	285,730	D
Common Stock	07/05/2024		M		11,061(4)	A	$33.81	296,791	D
Common Stock	07/05/2024		M		2,125(5)	A	$36.78	298,916	D
Common Stock	07/08/2024		S		25,000(6)	D	$71.52	273,916	D
Common Stock	07/09/2024		S		9,197(7)	D	$71.31	264,719	D

Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 3)	2. Conversion or Exercise Price of Derivative Security	3. Transaction Date (Month/Day/Year)	3A. Deemed Execution Date, if any (Month/Day/Year)	4. Transaction Code (Instr. 8)		5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5)		6. Date Exercisable and Expiration Date (Month/Day/Year)		7. Title and Amount of Securities Underlying Derivative Security (Instr. 3 and 4)		8. Price of Derivative Security (Instr. 5)	9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4)	10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)
				Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares
Option to Purchase Common Stock	$32.68	07/05/2024		M			50,000(1)	04/16/2016	04/16/2025	Common Stock	50,000	$0	245,000	D
Option to Purchase Common Stock	$33.85	07/05/2024		M			50,000(2)	04/13/2017	04/13/2026	Common Stock	50,000	$0	195,000	D
Option to Purchase Common Stock	$37.6	07/05/2024		M			40,000(3)	04/13/2019	04/13/2028	Common Stock	40,000	$0	155,000	D
Option to Purchase Common Stock	$33.81	07/05/2024		M			40,000(4)	04/16/2021	04/16/2030	Common Stock	40,000	$0	115,000	D
Option to Purchase Common Stock	$36.78	07/05/2024		M			8,334(5)	04/18/2023	04/18/2032	Common Stock	8,334	$0	106,666	D

Explanation of Responses:

1. On July 5, 2024, the Reporting Person exercised his stock option awarded on April 16, 2015 to purchase 50,000 shares of the Issuer's Common Stock at a price of $32.68 per share, using the net settle approach.

2. On July 5, 2024, the Reporting Person exercised his stock option awarded on April 13, 2016 to purchase 50,000 shares of the Issuer's Common Stock at a price of $33.85 per share, using the net settle approach.

3. On July 5, 2024, the Reporting Person exercised his stock option awarded on April 13, 2018 to purchase 40,000 shares of the Issuer's Common Stock at a price of $37.60 per share, using the net settle approach.

4. On July 5, 2024, the Reporting Person exercised his stock option awarded on April 16, 2020 to purchase 40,000 shares of the Issuer's Common Stock at a price of $33.81 per share, using the net settle approach.

5. On July 5, 2024, the Reporting Person exercised a portion of his stock option awarded on April 18, 2022 to purchase 8,334 shares of the Issuer's Common Stock at a price of $36.78 per share, using the net settle approach.

6. On July 8, 2024, the Reporting Person sold 25,000 shares of the Issuer's Common Stock on the open market at an average price of $71.52 per share.

7. On July 9, 2024, the Reporting Person sold 9,197 shares of the Issuer's Common Stock on the open market at an average price of $71.31 per share.

	/s/ Rainer H. Bosselmann	07/09/2024
	** Signature of Reporting Person	Date
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* If the form is filed by more than one reporting person, see Instruction 4 (b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB Number.