ARGAN INC

Ticker: AGX CUSIP: 04010E109 Class: Common Stock

Independent Advisor Alliance's Holding History (CIK: 0001696899)

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

Q4 2025

Shares 21,408 Value ($000) $6,708 Avg Close $316.84 Range $254.80 - $398.80

Q3 2025

Shares 24,833 Value ($000) $6,706 Avg Close $228.35 Range $195.93 - $278.13

Q2 2025

Shares 24,425 Value ($000) $5,385 Avg Close $179.22 Range $110.29 - $245.38

Q1 2025

Shares 23,432 Value ($000) $3,074 Avg Close $138.40 Range $100.23 - $189.58

Period	Shares	Value ($000)	Average Close	Price Range
Q4 2025	21,408	$6,708	$316.84	$254.80 - $398.80
Q3 2025	24,833	$6,706	$228.35	$195.93 - $278.13
Q2 2025	24,425	$5,385	$179.22	$110.29 - $245.38
Q1 2025	23,432	$3,074	$138.40	$100.23 - $189.58