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AGXArgan Inc · Insider ownership research

Argan Inc insiders sold $152M in the past 12 months. How much of their stake is that?

Insiders sold $152M in the past 12 months.0% was sold under disclosed trading plans, 100% with no plan disclosed. The largest seller, William Griffin Jr. (Director), sold $69.2M.Share-of-stake figures for this company are being verified and will be added when that check is finished. Why

Updated Oct 13, 2026 from SEC filings · covers Oct 14, 2025 to Oct 13, 2026
$152M
sold with no plan disclosed, past 12 months
0%
of sales were under disclosed trading plans, past 12 months
11 of 13
officers and directors sold shares, past 12 months
Is this normal? More than usual: about 1.9x the 5-year average. 11 insiders sold; the average is 5 a year. Year by year
Latest filing: Filed Sep 23 for a vesting on Sep 22. Peter Getsinger had 895 shares vest or be exercised. Filing
SEC ownership filings: 58 filed in the 12 months to Oct 13, 2026; 608 on record since May 1, 2003 · See the evidence

What stands out

Seven insiders sold $151M with no disclosed plan: William Griffin Jr. ($69.2M), David Watson ($19.5M) and William Leimkuhler ($14.9M), plus 4 more. The filings don't state a reason.William Griffin Jr.: largest such sale, Jun 12, 2026 · David Watson: largest such sale, Apr 17, 2026 · William Leimkuhler: largest such sale, Apr 13, 2026

A share of stake is shown for 0 of the 11 officers and directors who sold. 13 are left out

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Left out: Rainer Bosselmann, William Griffin Jr., James Quinn, David Watson, William Leimkuhler, Charles Collins IV, Cynthia Flanders, Peter Getsinger, John Jeffrey Jr., Richard Deily, Karen Sweeney, Joshua Baugher and Alexander Larroque (share of stake is being verified).
Disclosed company stock is not an insider's whole wealth.

Who sold, and how much of their stake

Officers and directors, past 12 months. Their share of stake is being verified and is not shown yet; amounts and trading plans are below.

William Griffin Jr.
Director
Not confirmed
Share of stake not shown: share of stake is being verified. Why
$69.2MNo plan disclosed
David Watson
President and CEO, Director
Not confirmed
Share of stake not shown: share of stake is being verified. Why
$19.5MNo plan disclosed
William Leimkuhler
Director
Not confirmed
Share of stake not shown: share of stake is being verified. Why
$14.9MNo plan disclosed
Peter Getsinger
Director
Not confirmed
Share of stake not shown: share of stake is being verified. Why
$13.9MNo plan disclosed
John Jeffrey Jr.
Director
Not confirmed
Share of stake not shown: share of stake is being verified. Why
$12.6MNo plan disclosed
All 11 sellers

Selling by month

Officers and directors, Oct 2025 to Oct 2026. Each sale is counted once: under a disclosed plan, else to cover taxes, else no plan disclosed.

No plan disclosedOne dollar scale for every month; the tallest bar is labeled
Oct 2025: $5.6M no plan disclosedOctNovDec 2025: $396K no plan disclosedDecJan 2026: $19.8M no plan disclosedJanFebMar 2026: $2.5M no plan disclosedMarApr 2026: $36.6M no plan disclosedAprMayJun 2026: $84.2M no plan disclosed$84.2MJunJul 2026: $3.3M no plan disclosedJulAugSepOct

Recent activity

Past 30 days, Sep 14, 2026 to Oct 13, 2026

No officer or director trades were reported for the past 30 days. The most recent before that:

Jul 31, 2026John Jeffrey Jr. sold 5.7K shares ($3.3M) with no plan disclosed.
WhoSharesPrice% of total stakeTotal stake afterTrade dateFiled
John Jeffrey Jr.
Director
5,716$579.64n/an/aJul 31, 2026Aug 4, 2026

Outside holders, reported separately

William Griffin Jr. and David Watson reported no open-market sales in the past 12 months. Large shareholders and the funds or companies that board members represent are not part of management, so they are left out of the figures above.

Details

Common questions

Is the Argan Inc CEO selling stock?

No. Rainer Bosselmann reported no open-market sales in the past 12 months.

Why are Argan Inc insiders selling?

Filings rarely give a reason, and we don't guess at one. What they show is how the sales were made: 0% of sales by value ran under 10b5-1 trading plans disclosed in the filings and 100% had no disclosed plan. A trading plan schedules sales in advance.

Are any Argan Inc insiders buying?

No. Officers and directors reported no purchases in the past 12 months.

The evidence

Who sold11 officers and directors: amount, % of holdings, trading plan
Who soldAmount% of holdingsTrading plan
William Griffin Jr.
Director
$69.2M
100K shares
Not confirmed
share of stake is being verified. Why
No plan disclosed
David Watson
President and CEO, Director
$19.5M
31K shares
Not confirmed
share of stake is being verified. Why
No plan disclosed
William Leimkuhler
Director
$14.9M
32K shares
Not confirmed
share of stake is being verified. Why
No plan disclosed
Peter Getsinger
Director
$13.9M
31K shares
Not confirmed
share of stake is being verified. Why
No plan disclosed
John Jeffrey Jr.
Director
$12.6M
24K shares
Not confirmed
share of stake is being verified. Why
No plan disclosed
Charles Collins IV
Chief Executive Officer, Gemma
$11.5M
24K shares
Not confirmed
share of stake is being verified. Why
No plan disclosed
Cynthia Flanders
Director
$9.1M
22K shares
Not confirmed
share of stake is being verified. Why
No plan disclosed
Joshua Baugher
Chief Financial Officer
$921K
1.4K shares
Not confirmed
share of stake is being verified. Why
No plan disclosed
James Quinn
Director
$328K
1K shares
Not confirmed
share of stake is being verified. Why
No plan disclosed
Alexander Larroque
Director
$221K
350 shares
Not confirmed
share of stake is being verified. Why
No plan disclosed
Karen Sweeney
Director
$212K
300 shares
Not confirmed
share of stake is being verified. Why
No plan disclosed

Sold by a charitable foundation the insider reports: Peach Pit Foundation, Sharon K. Griffin, Trustee (wife of Reporting Person), reported by William Griffin Jr.; Held in The David and Laura Watson Foundation, reported by David Watson. A foundation's shares are not the insider's own stake, so they are left out of the figures above.

The full ownership picture0 of 13 officers and directors confirmed

Vested shares across all share classes, held directly and through trusts, LLCs and family members, as reported on SEC Forms 3, 4 and 5. Unvested awards and options are never counted as owned shares.

InsiderHeld Oct 13, 2025SoldHeld Oct 13, 2026Still held
Rainer Bosselmann
!
Holdings and share of stake are being verified. Share-of-stake figures and holdings for this company are held back while they are verified. Sales and other transactions for Rainer Bosselmann are complete.
Former CEO & Director
n/a0n/an/a
Vesting, gifts, unvested awards and holding lines for Rainer Bosselmann

Holdings and share of stake are being verified. Sales, proceeds, plan and tax status and dates for Rainer Bosselmann are complete; balances and unit counts will be added when the check is finished.

0gifted (net of own trusts)
William Griffin Jr.
!
Holdings and share of stake are being verified. Share-of-stake figures and holdings for this company are held back while they are verified. Sales and other transactions for William Griffin Jr. are complete.
Director
n/a−100Kn/an/a
Vesting, gifts, unvested awards and holding lines for William Griffin Jr.

Holdings and share of stake are being verified. Sales, proceeds, plan and tax status and dates for William Griffin Jr. are complete; balances and unit counts will be added when the check is finished.

0gifted (net of own trusts)
James Quinn
!
Holdings and share of stake are being verified. Share-of-stake figures and holdings for this company are held back while they are verified. Sales and other transactions for James Quinn are complete.
Director
n/a−1Kn/an/a
Vesting, gifts, unvested awards and holding lines for James Quinn

Holdings and share of stake are being verified. Sales, proceeds, plan and tax status and dates for James Quinn are complete; balances and unit counts will be added when the check is finished.

0gifted (net of own trusts)
David Watson
!
Holdings and share of stake are being verified. Share-of-stake figures and holdings for this company are held back while they are verified. Sales and other transactions for David Watson are complete.
President and CEO, Director
n/a−31Kn/an/a
Vesting, gifts, unvested awards and holding lines for David Watson

Holdings and share of stake are being verified. Sales, proceeds, plan and tax status and dates for David Watson are complete; balances and unit counts will be added when the check is finished.

0gifted (net of own trusts)
William Leimkuhler
!
Holdings and share of stake are being verified. Share-of-stake figures and holdings for this company are held back while they are verified. Sales and other transactions for William Leimkuhler are complete.
Director
n/a−32Kn/an/a
Vesting, gifts, unvested awards and holding lines for William Leimkuhler

Holdings and share of stake are being verified. Sales, proceeds, plan and tax status and dates for William Leimkuhler are complete; balances and unit counts will be added when the check is finished.

−500gifted (net of own trusts)
Charles Collins IV
!
Holdings and share of stake are being verified. Share-of-stake figures and holdings for this company are held back while they are verified. Sales and other transactions for Charles Collins IV are complete.
Chief Executive Officer, Gemma
n/a−24Kn/an/a
Vesting, gifts, unvested awards and holding lines for Charles Collins IV

Holdings and share of stake are being verified. Sales, proceeds, plan and tax status and dates for Charles Collins IV are complete; balances and unit counts will be added when the check is finished.

0gifted (net of own trusts)
Cynthia Flanders
!
Holdings and share of stake are being verified. Share-of-stake figures and holdings for this company are held back while they are verified. Sales and other transactions for Cynthia Flanders are complete.
Director
n/a−22Kn/an/a
Vesting, gifts, unvested awards and holding lines for Cynthia Flanders

Holdings and share of stake are being verified. Sales, proceeds, plan and tax status and dates for Cynthia Flanders are complete; balances and unit counts will be added when the check is finished.

−1Kgifted (net of own trusts)
Peter Getsinger
!
Holdings and share of stake are being verified. Share-of-stake figures and holdings for this company are held back while they are verified. Sales and other transactions for Peter Getsinger are complete.
Director
n/a−31Kn/an/a
Vesting, gifts, unvested awards and holding lines for Peter Getsinger

Holdings and share of stake are being verified. Sales, proceeds, plan and tax status and dates for Peter Getsinger are complete; balances and unit counts will be added when the check is finished.

−4.2Kgifted (net of own trusts)
John Jeffrey Jr.
!
Holdings and share of stake are being verified. Share-of-stake figures and holdings for this company are held back while they are verified. Sales and other transactions for John Jeffrey Jr. are complete.
Director
n/a−24Kn/an/a
Vesting, gifts, unvested awards and holding lines for John Jeffrey Jr.

Holdings and share of stake are being verified. Sales, proceeds, plan and tax status and dates for John Jeffrey Jr. are complete; balances and unit counts will be added when the check is finished.

0gifted (net of own trusts)
Richard Deily
!
Holdings and share of stake are being verified. Share-of-stake figures and holdings for this company are held back while they are verified. Sales and other transactions for Richard Deily are complete.
Former CFO
n/a0n/an/a
Vesting, gifts, unvested awards and holding lines for Richard Deily

Holdings and share of stake are being verified. Sales, proceeds, plan and tax status and dates for Richard Deily are complete; balances and unit counts will be added when the check is finished.

0gifted (net of own trusts)
Karen Sweeney
!
Holdings and share of stake are being verified. Share-of-stake figures and holdings for this company are held back while they are verified. Sales and other transactions for Karen Sweeney are complete.
Director
n/a−300n/an/a
Vesting, gifts, unvested awards and holding lines for Karen Sweeney

Holdings and share of stake are being verified. Sales, proceeds, plan and tax status and dates for Karen Sweeney are complete; balances and unit counts will be added when the check is finished.

0gifted (net of own trusts)
Joshua Baugher
!
Holdings and share of stake are being verified. Share-of-stake figures and holdings for this company are held back while they are verified. Sales and other transactions for Joshua Baugher are complete.
Chief Financial Officer
n/a−1.4Kn/an/a
Vesting, gifts, unvested awards and holding lines for Joshua Baugher

Holdings and share of stake are being verified. Sales, proceeds, plan and tax status and dates for Joshua Baugher are complete; balances and unit counts will be added when the check is finished.

0gifted (net of own trusts)
Alexander Larroque
!
Holdings and share of stake are being verified. Share-of-stake figures and holdings for this company are held back while they are verified. Sales and other transactions for Alexander Larroque are complete.
Director
n/a−350n/an/a
Vesting, gifts, unvested awards and holding lines for Alexander Larroque

Holdings and share of stake are being verified. Sales, proceeds, plan and tax status and dates for Alexander Larroque are complete; balances and unit counts will be added when the check is finished.

0gifted (net of own trusts)

Holdings and share of stake for Argan Inc are being verified, so no balances, unit counts or percentages are shown. Sales, proceeds, plan and tax status, titles and dates come straight from individual filings.

What explains the selling$152M of sales by plan status, purpose, seller and month

Officer and director open-market sales: $152M across 266,924 shares. Plan status and stated purpose are separate questions, and a sale can have both.

By plan status

No plan disclosed · $152M

Sales with no 10b5-1 plan and no tax reference in the filing. $69.2M of it is William Griffin Jr.. No plan disclosed is a statement about the filing, not about why the sale happened. Largest such sale: William Griffin Jr., Jun 12, 2026

Charitable gifts · 2K shares

Gifts the filings describe as charitable. Gifts are not sales and are not included in the sale totals.

SellerShares soldProceedsUnder a disclosed planShare of totalSales dates
William Griffin Jr.
Director
100K$69.2M0%45%Jun 12, 2026 to Jun 22, 2026
David Watson
President and CEO, Director
31K$19.5M0%13%Apr 17, 2026 to Jun 16, 2026
William Leimkuhler
Director
32K$14.9M0%10%Dec 23, 2025 to Apr 28, 2026
Peter Getsinger
Director
31K$13.9M0%9%Oct 17, 2025 to Jun 17, 2026
John Jeffrey Jr.
Director
24K$12.6M0%8%Jan 20, 2026 to Jul 31, 2026
Charles Collins IV
Chief Executive Officer, Gemma
24K$11.5M0%8%Oct 15, 2025 to Apr 21, 2026
Cynthia Flanders
Director
22K$9.1M0%6%Jan 21, 2026 to Jun 15, 2026
Joshua Baugher
Chief Financial Officer
1.4K$921K0%0.6%Apr 16, 2026 to Jun 17, 2026
James Quinn
Director
1K$328K0%0.2%Dec 10, 2025 to Dec 10, 2025
Alexander Larroque
Director
350$221K0%0.1%Apr 29, 2026 to Apr 29, 2026
Karen Sweeney
Director
300$212K0%0.1%Jun 17, 2026 to Jun 17, 2026

Sales by month

MonthSale proceedsDisclosed planTo cover taxesNo plan disclosed
Oct 2025$5.6M$0$0$5.6M
Nov 2025$0$0$0$0
Dec 2025$396K$0$0$396K
Jan 2026$19.8M$0$0$19.8M
Feb 2026$0$0$0$0
Mar 2026$2.5M$0$0$2.5M
Apr 2026$36.6M$0$0$36.6M
May 2026$0$0$0$0
Jun 2026$84.2M$0$0$84.2M
Jul 2026$3.3M$0$0$3.3M
Aug 2026$0$0$0$0
Sep 2026$0$0$0$0
Oct 2026$0$0$0$0
Is this normal? Selling year by year5 earlier years to compare with

More than usual: about 1.9x the 5-year average. 11 insiders sold; the average is 5 a year.

12 months endingShares soldInsiders who soldProceeds
Oct 13, 2026
Latest 12 months
267K11$152M
Oct 13, 2025
1 year earlier
314K10$66.6M
Oct 13, 2024
2 years earlier
348K10$23.9M
Oct 14, 2023
3 years earlier
7K1$322K
Oct 14, 2022
4 years earlier
10K1$443K
Oct 14, 2021
5 years earlier
36K4$1.9M

Open-market sales (Form 4 code S) by people who were officers or directors, in split-adjusted shares. Earlier years include people who have since left. A sale that an outside holder also reports (a family trust, a fund) is counted with outside holders in every year. Shares, not dollars, are compared, so a change in the stock price doesn't look like a change in selling. Years the filings don't fully cover are shown but left out of the average.

Known gaps and uncertainty13 officers and directors not confirmed

Holdings and share of stake are being verified. Balances, unit counts and every share-of-stake figure for Argan Inc are held back until that check is finished. Sales, proceeds, plan and tax status, titles and dates come straight from individual filings and are complete.

External context: we only cite outside events when a documented connection exists. None is shown for this period.

Sources and methodology608 filings on record, 58 filed in the 12-month period, and how we read them

All 608 Forms 3, 4 and 5 on record for Argan Inc (SEC CIK 100591), filed from May 1, 2003 to Sep 23, 2026; 58 of them were filed in the 12 months this page covers, retrieved from SEC EDGAR on Oct 13, 2026. Prices are the ones reported in each filing, often weighted averages. 4 older filings exist only on paper and could not be read.

Holdings. Each holding line (a share class plus an owner, such as a trust or LLC) carries its last reported balance forward. Entities first reported during the period start at zero, so transfers between an insider's own trusts don't count as selling. Lines not reported for three years or more are listed separately and left out of totals.

Sales. A sale counts as under a 10b5-1 plan if its footnote cites one or the filing's Rule 10b5-1 box is checked, and as tax-related if its footnote cites tax obligations or sell-to-cover. Shares withheld by the company for taxes are listed separately. Sales with neither attribute are labeled "no plan disclosed".

Full methodology

Former or inactive filers (17)No filing in 18 months; last reported balances, not in any total
NameLast filedLast reported balance
Champion MitchellDec 13, 202438,333 shares, last reported balance as of Oct 8, 2024
Mano KoilpillaiJul 31, 20244,975 shares, last reported balance as of Jul 30, 2024
Terrance trebilcockApr 19, 20221,705 shares, last reported balance as of Apr 16, 2022
Brian SherrasJan 8, 202027,965 shares, last reported balance as of Oct 15, 2019
James QuinnDec 14, 201859,570 shares, last reported balance as of Dec 12, 2018
Henry CrumptonJun 14, 201720,000 shares, last reported balance as of Jun 12, 2017
Daniel MartinJun 24, 201620,094 shares, last reported balance as of Jun 22, 2016
Arthur TrudelApr 17, 201510,000 shares, last reported balance as of Apr 16, 2015
Richard ScottDec 21, 20123,746,867 shares, last reported balance as of Dec 20, 2012
Daniel LevinsonAug 29, 2012475,540 shares, last reported balance as of Aug 23, 2012
Daniel LevinsonAug 29, 2012879,730 shares, last reported balance as of Aug 23, 2012
Jordan DesotoApr 5, 2011No balance on record
Joel CaninoDec 30, 2009485,689 shares, last reported balance as of Dec 22, 2009
Kevin ThomasJan 17, 2007715,829 shares, last reported balance as of Dec 22, 2006
MSR I SBIC LPDec 12, 20061,426,270 shares, last reported balance as of Dec 8, 2006
Peter WinslowJun 23, 2006No balance on record
Kent PugmireJun 23, 2006No balance on record

Spotted something wrong on this page? Report an error. We check every report against the SEC filing and list what we fix in the corrections log.