X0306 4 2019-04-12 0 0000100591 ARGAN INC AGX 0001358787 Deily Richard H C/O ARGAN, INC., ONE CHURCH STREET, SUITE 201 ROCKVILLE MD 20850 0 1 0 0 Vice President Stock Option to purchase Common Stock 50.30 2019-04-12 4 A 0 10000 0.00 D 2020-04-12 2029-04-12 Common Stock 10000 40000 D On April 12, 2019, the Reporting Person received 10-year options to purchase 10,000 shares of the Issuer's common stock with an exercise price of $50.30 per share. The options will vest ratably over three years on each anniversary of the grant date starting from 04/12/2020. As of the date of this Filing, the total number of options owned by the Reporting Person includes (a) options to purchase a total of 10,000 shares of common stock at the price of $33.85 per share with the date exercisable of 04/13/2017 and expiration date of 04/13/2026; (b) options to acquire 10,000 shares of common stock at a price of $64.25 per share with Date Exercisable of 04/06/2018 and Expiration Date of 04/06/2027; (c) options to acquire 10,000 shares of common stock at a price of $37.60 per share, subject to a three-year ratably vesting schedule, with Date Exercisable of 04/13/2019 and Expiration Date of 04/13/2028; and (d) options to acquire 10,000 shares of common stock at a price of $50.30 per share, subject to the aforementioned three-year ratably vesting schedule, with Date Exercisable of 4/12/2020 and Expiration Date of 4/12/2029. /s/ Richard H. Deily 2019-04-15