Form 4: Argan Inc. Director Transfers Shares to GRAT Trust

William F. Griffin Jr., a director and Non-Executive Chairman (GEMMA) of Argan Inc., transferred 130,000 shares of common stock to the William F. Griffin 2025 GRAT Trust on April 10, 2025.

Summary

• On April 10, 2025, William F. Griffin Jr., a director and Non-Executive Chairman (GEMMA) of Argan Inc. (AGX), transferred 130,000 shares of Argan Inc. common stock to the William F. Griffin 2025 GRAT Trust.
• The transfer was executed at a price of $0 per share.
• Following the transaction, Mr. Griffin directly owns no shares but indirectly owns 130,000 shares through the William F. Griffin 2025 GRAT Trust and 2,604 shares through the William F. Griffin Jr Revocable Trust U/A DTD FBO 12/09/04.

Sentiment

Score: 5

Explanation: The document is a standard SEC Form 4 filing, indicating a transfer of shares for estate planning purposes. It doesn't inherently convey positive or negative sentiment about the company's performance.

Industry Context

This filing reflects insider activity, which is routinely monitored by investors to gauge management's perspective on the company's prospects. A transfer to a GRAT trust is often part of estate planning.

Stakeholder Impact

• The transfer of shares may have a minor impact on shareholders, as it changes the beneficial ownership structure.

Key Dates

Keywords

Argan Inc, AGX, William F. Griffin Jr, Director, Non-Executive Chairman, GEMMA, Stock Transfer, GRAT Trust, Beneficial Ownership, Form 4