ARGAN INC

Ticker: AGX CUSIP: 04010E109 Class: Common Stock

CAPSTONE INVESTMENT ADVISORS, LLC's Holding History (CIK: 0001426196)

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

Q4 2025

Shares 955 Value ($000) $299 Avg Close $316.84 Range $254.80 - $398.80

Q3 2025

Shares 1,163 Value ($000) $314 Avg Close $228.35 Range $195.93 - $278.13

Q4 2016

Shares 3,426 Value ($000) $241 Avg Close $49.57 Range $43.00 - $60.01

Period	Shares	Value ($000)	Average Close	Price Range
Q4 2025	955	$299	$316.84	$254.80 - $398.80
Q3 2025	1,163	$314	$228.35	$195.93 - $278.13
Q4 2016	3,426	$241	$49.57	$43.00 - $60.01