ARGAN INC
For the period ended Apr 30, 2025. Filed Jun 4, 2025.
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A company's report for each of its first three quarters. The financial statements are not audited. It shows how the business has moved since the last annual report, and what management says changed.
Apr 30, 2025 · Filed Jun 4, 2025
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Item 1A. RISK FACTORS
There have been no material changes to the risk factors disclosed in our Annual Report.
Our board of directors has authorized management to repurchase shares of our common stock in the open market, through investment banking institutions, privately-negotiated transactions, or direct purchases pursuant to a share repurchase program (the “Share Repurchase Plan”). On April 10, 2025, the board of directors increased the total authorization under the Share Repurchase Plan by $25 million, bringing the aggregate authorized amount to $150 million. The timing and amount of any repurchases will depend on market and business conditions, applicable legal and credit requirements, and other corporate considerations. In accordance with Rule 10b5-1 under the Securities Exchange Act of 1934, and pursuant to the Share Repurchase Plan, we have permitted, and may in the future permit, the repurchase of our common stock during trading blackout periods by an investment banking firm or other institution acting as our agent under predetermined parameters.
Information related to our share repurchases for the three months ended April 30, 2025 follows:
| · · · · · · · · · · | ||||||||
|---|---|---|---|---|---|---|---|---|
| | | | | | | | | Approximate Dollar |
| | | | | | | Total Number of | | Value of Shares That May Yet |
| | | | | | | Shares Purchased as Part | | Be Purchased under the |
| | | Total Number of | | Average Price per | | of Publicly Announced | | Plans or Programs |
| Period · Shares Repurchased · Share Paid · Plans or Programs · (Dollars in Thousands) | ||||||||
| February 1 - 28, 2025 | | — | | $— | | — | | $22,495 |
| March 1 - 31, 2025 | | — | | $— | | — | | $22,495 |
| April 1 - 30, 2025 | | 99,786 | | $134.17 | | 55,117 | | $40,647 |
| Total | 99,786 | | | | 55,117 | | | |
For the month ended April 30, 2025, we accepted 44,669 shares of our common stock at the average price per share of $146.41 for the exercise price and/or tax withholding in connection with stock option exercises and restricted stock unit settlements that occurred during the month.
None
Not Applicable
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