Form 4: ARGAN Director Transfers Shares Between Trusts

ARGAN Inc. Director William F. Griffin Jr. reported an internal transfer of 5,000 common shares between two family trusts, resulting in no change to his overall beneficial ownership.

Summary

• William F. Griffin Jr., a Director and Non-Executive Chairman of GEMMA for ARGAN Inc. (AGX), reported a transaction involving the company's common stock.
• On December 1, 2025, 5,000 shares of common stock were transferred from the Griffin Family Trust.
• Concurrently, 5,000 shares of common stock were acquired by the William F Griffin Jr. Revocable Trust U/A DTD FBO 12/09/04.
• This transaction was an internal transfer between trusts and did not result in any change to Mr. Griffin's total beneficial ownership of ARGAN Inc. shares.
• Following the transaction, Mr. Griffin indirectly beneficially owns 140,976 shares through the William F Griffin Jr. Revocable Trust and 11,650 shares through the Peach Pit Foundation, where his wife, Sharon K. Griffin, serves as Trustee.

Sentiment

Score: 5

Explanation: Neutral, as the filing reports an internal transfer of shares between trusts with no change in overall beneficial ownership, which is a routine administrative event.

Future Outlook

NA

Management Comments

• On December 1, 2025, the Reporting Person transferred 5,000 shares of the Issuer's common stock from the Griffin Family Trust to the William F Griffin Jr. Revocable Trust; no change in beneficial ownership.

Industry Context

This Form 4 filing reports a routine insider transaction, specifically an internal transfer of shares between trusts. Such transactions are common for estate planning or administrative purposes and typically do not reflect broader industry trends or competitive positioning.

Related Party Transactions

• An internal transfer of 5,000 common shares occurred between the Griffin Family Trust and the William F Griffin Jr. Revocable Trust, both controlled by the reporting person, William F. Griffin Jr.

Stakeholder Impact

• No direct impact on shareholders, employees, customers, suppliers, or creditors as the transaction is an internal transfer of shares between trusts and does not change the reporting person's overall beneficial ownership or market holdings.

Key Dates

Recommendation

The Form 4 reports an internal transfer of shares between two trusts controlled by Director William F. Griffin Jr., resulting in no change to his total beneficial ownership of ARGAN Inc. This is an administrative event and does not provide new fundamental information to warrant a change in investment recommendation.

Keywords

ARGAN Inc., AGX, Form 4, insider transaction, beneficial ownership, William F. Griffin Jr., trust transfer, director, common stock