Sec Form 4 Filing - Baugher Joshua Scott @ ARGAN INC - 2026-04-16

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

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, Section 17(a) of the Public Utility Holding Company Act of 1935 or Section 30(h) of the Investment Company Act of 1940

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1. Name and Address of Reporting Person Baugher Joshua Scott 2. Issuer Name and Ticker or Trading Symbol ARGAN INC [ AGX] 5. Relationship of Reporting Person(s) to Issuer (Check all applicable) _____ Director _____ 10% Owner X __ Officer (give title below) _____ Other (specify below) Chief Financial Officer (Last) (First) (Middle) 4075 WILSON BOULEVARD, SUITE 440 3. Date of Earliest Transaction (MM/DD/YY) 04/16/2026 (Street) ARLINGTON, VA22203 4. If Amendment, Date Original Filed (MM/DD/YY) 6. Individual or Joint/Group Filing (Check Applicable Line) __ X __ Form filed by One Reporting Person _____ Form filed by More than One Reporting Person (City) (State) (Zip)

Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned 1.Title of Security (Instr. 3) 2. Transaction Date (MM/DD/YY) 2A. Deemed Execution Date, if any (MM/DD/YY) 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 04/16/2026 M 509 ( 1 ) A $ 0 1,744 D Common Stock 04/16/2026 M 335 ( 2 ) A $ 0 2,079 D Common Stock 04/16/2026 S 600 ( 3 ) D $ 605.6 1,479 D Common Stock 04/17/2026 M 305 ( 4 ) A $ 0 1,784 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 (MM/DD/YY) 3A. Deemed Execution Date, if any (MM/DD/YY) 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 (MM/DD/YY) 7. Title and Amount of Underlying Securities (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 of Derivative Security: 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 Time-Based Restricted Stock Units $ 0 04/16/2026 M 1,000 ( 1 ) ( 1 ) Common Stock 1,000 $ 0 3,710 D Time-Based Restricted Stock Units $ 0 04/16/2026 M 667 ( 2 ) ( 2 ) Common Stock 667 $ 0 3,043 D Time-Based Restricted Stock Units $ 0 04/17/2026 M 584 ( 4 ) ( 4 ) Common Stock 584 $ 0 2,459 D

Reporting Owners Reporting Owner Name / Address Relationships Director 10% Owner Officer Other Baugher Joshua Scott 4075 WILSON BOULEVARD SUITE 440 ARLINGTON, VA22203 Chief Financial Officer Signatures /s/ Joshua S. Baugher 04/20/2026 Signature of Reporting Person Date

Explanation of Responses:

( 1 )Pursuant to the three-year vesting schedule of the Time-Based Restricted Stock Units ("TRSUs") awarded to the Reporting Person on April 16, 2024, 1,000 shares of common stock became issuable to the Reporting Person on April 16, 2026 and is adjusted for dividends. ( 2 )Pursuant to the three-year vesting schedule of the TRSUs awarded to the Reporting Person on April 16, 2025, 667 shares of common stock became issuable to the Reporting Person on April 16, 2026 and is adjusted for dividends. ( 3 )On April 16, 2026, the Reporting Person sold 600 shares of the Issuer's common stock on the open market at an average price of $605.60 per share. ( 4 )Pursuant to the three-year vesting schedule of the TRSUs awarded to the Reporting Person on April 17, 2023, 584 shares of Common Stock became issuable to the Reporting Person on April 17, 2026 and is adjusted for dividends.

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).

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