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ARGAN INC [AGX]

Reporting date: 10/09/2025

⚠️ Bearish Insider Sale Detected

📝 What Happened

  • Insider: Watson David Hibbert
  • Role: President and CEO (Officer & Director)
  • Company: ARGAN INC (AGX)
  • Transaction Date(s): 2025-10-09
  • Table I (Non-Derivative Securities)
    • Sale : 5,000
    • Average Sale Price: $276.48
    • Total Value: $1,382,400.34
    • Post-Transaction Direct Holdings: 47,132
    • Indirect Holdings: 0
    • 10b5-1 Plan Used? No

📄 Summary

Watson David Hibbert, President and CEO (Officer & Director) at ARGAN INC (AGX), sold 5,000 shares on October 9, 2025, at an average price of $276.48, realizing proceeds of about ~$1,382,400.34. After the transaction, he now holds 47,132 direct shares and 0 indirect shares. For retail traders, this is a neutral-to-slightly bearish event: modest CEO profit-taking, not a large-scale exit.

🔑 Interpretation

  • Type: Discretionary — open-market sale and a related gift to a foundation (codes S and G).
  • Disposition: Shares were sold on the open market (executed at reported prices on the transaction date).
  • Size Context: Total sold = 5,000 shares, roughly ~9.6% of the reporting person's pre-transaction direct holdings (~52,132). This looks like routine profit-taking rather than a complete divestiture.
  • ATH Metric: The sale prices (~$277 and $272) are essentially in line with recent market levels; the transactions do not appear to coincide with an obvious all-time high or low and do not look opportunistically timed to an ATH/ATL based on recent trading ranges.
  • Outlier Check: Not unusually large relative to the insider's prior holdings — a moderate single-day sale, not an outsized block compared with total ownership.

📊 Bullish or Bearish?

Bearish

Bearish. The filing shows net open-market sales (codes S) totaling 5,000 shares and a gift (code G) with related foundation activity; this is a net disposition by the CEO and indicates modest profit-taking. The size is meaningful but not large enough to indicate loss of confidence on its own; data in this single filing is complete for the reported transactions but does not capture any cluster activity.

✅ Bottom Line (Retail Takeaway)

This transaction looks like routine profit-taking rather than a major bearish signal. For retail traders, it’s noise — not a tradeable event by itself unless corroborated by additional insider sales from other executives or a broader pattern of selling.