AGX CLUSTER SEC Filing Analysis

Latest settled — T+20d

AGX ▲ +14.31% at T+20d

SHORT call ✗ call lost -14.31% · α vs SPY -6.58% · entry $597.95 → $683.52

Next anchor: T+60d in 24d

Currently $641.68 · -7.31% from $597.95 entry (call sign-flipped)

Entry anchored
Apr 10, 03:59 PM ET
via Databento tick

T+1d

+0.91%

call -0.91% · α +0.30%

$603.42

settled 2mo ago

T+5d

+2.13%

call -2.13% · α +1.16%

$610.71

settled 8w ago

T+20d

+14.31%

call -14.31% · α -6.58%

$683.52

settled 5w ago

T+60d

—

call — · α —

—

in 24d

Price Chart

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Executive Summary

Argan Inc. (AGX) insiders executed a cluster of transactions over the past week, including significant open-market sales by CEO David Watson ($11.6M) and CFO Joshua Baugher ($363K), alongside routine derivative exercises. The total open-market selling amounts to $12.0M, representing 0.14% of the company's $8.3B market cap.

Key Financial Metrics

Direction

selling

Total Value

$12.0M

Insiders

4

Actionable Insight

Material insider selling by both the CEO and CFO, especially Watson's $11.6M transaction, signals potential lack of confidence at the highest levels. While not massive in absolute cap terms, the concentration and timing warrant caution ahead of next earnings. Monitor for downward guidance revisions or slowing project wins in upcoming 10-Q.

Key Facts

CEO David Watson sold 19,310 shares in the open market for $11.6 million at ~$602/share
CFO Joshua Baugher sold 600 shares for $363,360 at $605.60/share
Multiple C-suite executives and directors exercised derivative securities (non-cash events totaling ~29,867 shares), but these do not represent open-market transactions
Director William Leimkuhler sold 8,400 shares for $5.05 million on April 13
Total open-market insider selling in the cluster: ~$12.0 million over 7 days

Financial Impact

$12.0 million in open-market insider selling over 7 days, 0.14% of $8.3B market cap

insider sentimentshareholder confidencepotential dilution perception

Risk Factors

Insider selling may signal overvaluation or anticipation of weaker financial performance
Concentration of selling among top executives increases negative signal strength

Market Snapshot

Exchange

NYSE

Sector

Construction - Special Trade Contractors

Documents Analyzed

This report is based on 1 SEC document filed with EDGAR.

Document	Accession Number
CLUSTER Data (Synthetic)	cluster-AGX-1776718836703

7 reports for AGX

T+1T+5T+20T+60

Track record builds as more directional reports settle.

Filters

Reports for AGX — sortable, filterable
	Type				Now
Jun 10, 2026 2d ago	8-K NEUTRAL ★ 3/10	$588.47 awaiting T+20	awaiting T+20	—	$641.68 (+9.04%)
Jun 4, 2026 8d ago	8-K BULLISH ★ 7/10	$697.68 awaiting T+20	awaiting T+20	—	$641.68 (−8.03%)
Apr 21, 2026 7w ago	DEFA14A NEUTRAL ★ 3/10	$651.68 $639.58	▼ −1.86%	▼ −5.02%	$641.68 (−1.53%)
Apr 21, 2026 7w ago	Insider Cluster NEUTRAL ★ 4/10	$614.92 $664.76	▲ +8.11%	▲ +3.19%	$641.68 (+4.35%)
Apr 13, 2026 8w ago	Insider Cluster BEARISH ★ 7/10	$597.95 $683.52	▼ −14.31%	▼ −6.58%	$641.68 (−7.31%)
Apr 13, 2026 8w ago	Insider Cluster BEARISH ★ 6/10	$597.95 $683.52	▼ −14.31%	▼ −6.58%	$641.68 (−7.31%)
Apr 8, 2026 9w ago	8-K NEUTRAL ★ 3/10	$608.79 $727.54	▲ +19.50%	▲ +11.94%	$641.68 (+5.40%)

US Market Status

Market Closed — Opens Mon (49h 35m)

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