Argan Inc. insider John R. Jeffrey Jr. reported option-exercise activity involving the company’s common stock on June 30, 2026. The Form 4, signed July 2, describes the transactions as exercises of previously granted stock options rather than open-market purchases or sales. Jeffrey exercised a stock option awarded on December 16, 2022, covering 5,000 shares of Argan common stock at an exercise price of $35.72 per share. The filing states that this exercise was completed using the net-settle method, meaning the option was settled by delivering a reduced number of shares after accounting for the exercise cost rather than by Jeffrey paying the full strike price in cash and receiving all 5,000 shares. He also exercised a portion of a separate stock option awarded on December 14, 2023, covering 1,000 shares at an exercise price of $43.70 per share. That exercise was also completed through net settlement. In total, the reported option activity related to 6,000 underlying shares of Argan common stock. The filing text lists common-stock ownership-change details including 4,772 shares associated with the $35.72 price and.