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SEC Form 4

Arcutis Biotherapeutics, Inc. (ARQT) insider trading

In the 12 months to Nov 5, 2026, 10 ARQT insiders reported open-market sales of $12.0M across 33 filings; no open-market purchases were filed.

Latest filing · Last 12 months · Source: SEC EDGAR · How we count

Open-market sales
$12.0M
33 filings · 10 insiders
Open-market purchases
$0
0 filings
Pre-arranged sales (10b5-1)
27 of 33
$8.6M of $12.0M sold (72%)

Who traded ARQT, and when

  • Sale
  • Sale, pre-arranged (10b5-1)

ARQT daily close from Nov 5, 2025 to Nov 4, 2026, between $19.50 and $34.05, last $34.05. 33 sale and 0 purchase filings by 10 insiders, marked at their filing dates. Howard G. Welgus, Director: sold $2.4M across 12 filings, first filed Nov 5, 2025, last Oct 19, 2026. Patrick Burnett, Officer (see filing): sold $1.6M across 6 filings, first filed Nov 5, 2025, last Aug 13, 2026. Masaru Matsuda, Officer (see filing): sold $1.5M across 6 filings, first filed Dec 3, 2025, last Sep 18, 2026. Todd Watanabe, Officer (see filing): sold $1.5M across 1 filing, first filed Nov 24, 2025, last Nov 24, 2025. Keith R. Leonard, Director: sold $997.2K across 1 filing, first filed Mar 4, 2026, last Mar 4, 2026. Terrie Curran, Director: sold $984.0K across 2 filings, first filed Aug 24, 2026, last Aug 28, 2026. 4 others: sold $3.0M across 5 filings, first filed Nov 10, 2025, last Jun 17, 2026.

Largest mark · tap a row for others

Todd Watanabe · Officer (see filing)

Sale $1,517,405

50,000 shares at $30.35 avg

Filed Nov 24, 2025 · traded Nov 21

Pre-arranged (10b5-1) · close on filing date $30.76

ARQT daily closelast $34.05

Howard G. Welgus · Director

$2.4M sold

Patrick Burnett · Officer (see filing)

$1.6M sold

Masaru Matsuda · Officer (see filing)

$1.5M sold

Todd Watanabe · Officer (see filing)

$1.5M sold

Keith R. Leonard · Director

$997.2K sold

Terrie Curran · Director

$984.0K sold

4 others

$3.0M sold
One row per insider, smaller filers combined; marks sit at the SEC filing date, sized by dollar value.

Open-market trades

33 filings in the last 12 months
Other insider activity (not market trades) · 83 records
  • Option exercises29 records
  • Tax withholding (sold to cover)36 records
  • Grants and awards17 records
  • Gifts1 record

Reported on Form 4 but not purchases or sales in the market, so not counted in the totals above.

How to read this page

Open-market purchase or sale
A buy or sell of the company's stock at market price. Grants, option exercises, shares withheld for tax, gifts and employee stock plan purchases are listed separately and not counted.
Pre-arranged (10b5-1)
The insider marked the filing as made under a trading plan set up in advance (SEC Rule 10b5-1). The mark covers the whole filing, and an unmarked filing may still be under a plan.
Filing date
Insiders have two business days to report a trade. Totals and the chart use the filing date, when the trade became public.

Frequently asked questions

How current is ARQT’s insider data?

These are ARQT Form 4 filings from the last year, refreshed daily. The Massive Form 4 API has the full, continuously updated record.

What counts as an open-market buy or sell?

Only purchases and sales at the market price. Option exercises, grants, gifts, and shares withheld for taxes are reported on Form 4 but are left out of the buy and sell totals.

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This page joins two Massive endpoints: Form 4 filings and daily prices. Ask an agent to watch for new filings:

Using the Massive API (massive.com/docs/llms.txt), check Form 4 filings for ARQT every day with transaction_code=P and tell me when an insider files an open-market purchase, with their role, shares, price and the filing link.

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