ARGAN INC

Ticker: AGX CUSIP: 04010E109 Class: Common Stock

NATIONAL BANK OF CANADA /FI/'s Holding History (CIK: 0000926171)

Note: Option positions (PUT/CALL) are excluded.

Q4 2025

Shares 140 Value ($000) $44 Avg Close $316.84 Range $254.80 - $398.80

Q3 2025

Shares 147 Value ($000) $40 Avg Close $228.35 Range $195.93 - $278.13

Q2 2025

Shares 116 Value ($000) $26 Avg Close $179.22 Range $110.29 - $245.38

Q1 2025

Shares 114 Value ($000) $15 Avg Close $138.40 Range $100.23 - $189.58

Q4 2024

Shares 103 Value ($000) $14 Avg Close $135.95 Range $97.50 - $163.70

Q3 2024

Shares 121 Value ($000) $12 Avg Close $78.01 Range $62.72 - $101.68

Period	Shares	Value ($000)	Average Close	Price Range
Q4 2025	140	$44	$316.84	$254.80 - $398.80
Q3 2025	147	$40	$228.35	$195.93 - $278.13
Q2 2025	116	$26	$179.22	$110.29 - $245.38
Q1 2025	114	$15	$138.40	$100.23 - $189.58
Q4 2024	103	$14	$135.95	$97.50 - $163.70
Q3 2024	121	$12	$78.01	$62.72 - $101.68