Interaction of intense ultrashort laser pulse with gases generates a transient spatiotemporal electron density distribution via field ionization, which may lead to the spatiotemporal reshaping of the pulse, viz., its beam profile, pulse width, etc. Here, we present an experimental study on ultrashort laser pulse interaction with argon gas sheath in an ionization saturation intensity regime (∼1015–1017 W/cm2). The present investigation has been performed using a 6 mJ, 1 kHz, and 55−60 fs Ti:Sapphire laser pulse interaction with a ∼2.5 mm long argon sheath. After the laser gas interaction, the laser spatial profile exhibits a multi-ring structure around a central maximum spot. Laser gas interaction parameters, such as laser intensity, gas pressure, etc., affect the ring pattern significantly. Under optimum parameter conditions, the laser pulse has two rings in spatial profile, and the pulse width of the central spot is self-compressed to ∼35 fs. A theoretical calculation reveals that the laser beam’s spatiotemporal profile evolves as it propagates inside the gas sheath. The calculation also demonstrates that the gas ionization profile plays a crucial role in the spatiotemporal reshaping and self-compression of the laser beam. The calculation also shows that the generation of concentric ring patterns in the spatial profile is mainly due to the ionization of argon atoms into Ar+, Ar2+, and Ar3+ species in the interaction region. Such self-compressed laser pulses with concentric ring beam profiles may be useful for high-harmonic generation and shorter attosecond pulse trains.