Form 4: Argan Director Transfers 140,976 Shares to GRAT Trust

Argan Inc. Director William F. Griffin Jr. transferred 140,976 shares of common stock between two trusts, a revocable trust and a GRAT trust, on December 5, 2025.

Summary

• William F. Griffin Jr., a Director and Non-Executive Chairman of Argan Inc. (AGX), reported an intra-trust transfer of 140,976 shares of common stock.
• The shares were transferred from the William F Griffin Jr. Revocable Trust U/A DTD FBO 12/09/04 to the William F Griffin 2025 GRAT Trust.
• This transaction occurred on December 5, 2025, and involved no monetary consideration, indicated by a $0 price per share.
• The transfer is categorized as a change in indirect beneficial ownership, not a sale or purchase on the open market.

Sentiment

Score: 5

Explanation: The transaction is an internal transfer between trusts for estate planning purposes and has no direct impact on the company's operations or financial performance. It is a neutral event.

Positives

• NA

Negatives

• NA

Risks

• NA

Future Outlook

NA

Industry Context

NA

Stakeholder Impact

• No direct impact on shareholders, employees, customers, suppliers, or creditors as this is an internal estate planning transaction by a director and does not affect the company's operational or financial standing.

Key Dates

Recommendation

The filing details an internal transfer of shares between trusts by a director for estate planning purposes. This type of transaction does not reflect a change in the director's overall beneficial ownership or a market-based sale/purchase, and therefore provides no new information to alter an investment recommendation for Argan Inc.

Keywords

Argan Inc., AGX, Form 4, Beneficial Ownership, William F. Griffin Jr., Trust Transfer, Director, Common Stock, GRAT Trust, SEC Filing