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
Howard G. Welgus · Director
Director
$2.4M soldPatrick Burnett · Officer (see filing)
Officer (see filing)
$1.6M soldMasaru Matsuda · Officer (see filing)
Officer (see filing)
$1.5M soldTodd Watanabe · Officer (see filing)
Officer (see filing)
$1.5M soldKeith R. Leonard · Director
Director
$997.2K soldTerrie Curran · Director
Director
$984.0K sold4 others
Combined, one mark per week
$3.0M soldOpen-market trades
33 filings in the last 12 months| Insider | Role | Sold | Bought | Filings | Pre-arranged (10b5-1) | Last filed |
|---|---|---|---|---|---|---|
| Howard G. Welgus | Director | $2.4M | — | 12 | 100% of sales | |
| Patrick Burnett | Officer (see filing) | $1.6M | — | 6 | 75% of sales | |
| Masaru Matsuda | Officer (see filing) | $1.5M | — | 6 | 100% of sales | |
| Todd Watanabe | Officer (see filing) | $1.5M | — | 1 | 100% of sales | |
| Keith R. Leonard | Director | $997.2K | — | 1 | 100% of sales | |
| Terrie Curran | Director | $984.0K | — | 2 | — | |
| Neha Krishnamohan | Director | $939.5K | — | 1 | 100% of sales | |
| Sue-Jean Lin | Director | $898.5K | — | 2 | 13% of sales | |
| Larry Todd Edwards | Officer (see filing) | $732.9K | — | 1 | — | |
| Halley E. Gilbert | Director | $455.4K | — | 1 | — |
| Filed | Insider | Type | Shares | Avg price | Value | Held after | Source |
|---|---|---|---|---|---|---|---|
traded | Howard G. Welgus Director | SalePre-arranged (10b5-1) | 4,728 | $26.93 | $127.3K | 35,207 | |
traded | Masaru Matsuda Officer (see filing) | SalePre-arranged (10b5-1) | 3,674 | $25.00 | $91.9K | 112,508 | |
traded | Howard G. Welgus Director | SalePre-arranged (10b5-1) | 4,730 | $24.18 | $114.4K | 35,841 | |
traded | Masaru Matsuda Officer (see filing) | SalePre-arranged (10b5-1) | 9,989 | $25.03 | $250.0K | 116,182 | |
traded | Terrie Curran Director | Sale | 38,200 | $25.03 | $956.1K | 23,526 | |
traded | Terrie Curran Director | Sale | 1,072 | $26.04 | $27.9K | 23,526 | |
traded | Howard G. Welgus Director | SalePre-arranged (10b5-1) | 4,730 | $26.18 | $123.8K | 36,475 | |
traded | Patrick Burnett Officer (see filing) | Sale | 15,000 | $26.33 | $394.9K | 119,289 | |
traded | Howard G. Welgus Director | SalePre-arranged (10b5-1) | 4,730 | $26.91 | $127.3K | 37,109 | |
traded | Howard G. Welgus Director | SalePre-arranged (10b5-1) | 4,731 | $24.58 | $116.3K | 37,743 | |
traded | Sue-Jean Lin Director | SalePre-arranged (10b5-1) | 4,946 | $24.38 | $120.6K | 27,567 | |
traded | Masaru Matsuda Officer (see filing) | SalePre-arranged (10b5-1) | 7,372 | $23.27 | $171.5K | 127,573 | |
traded | Howard G. Welgus Director | SalePre-arranged (10b5-1) | 7,144 | $22.99 | $164.2K | 32,600 | |
traded | Howard G. Welgus Director | SalePre-arranged (10b5-1) | 10,000 | $23.88 | $238.8K | 39,744 | |
traded | Howard G. Welgus Director | SalePre-arranged (10b5-1) | 10,000 | $25.65 | $256.5K | 49,744 | |
traded | Keith R. Leonard Director | SalePre-arranged (10b5-1) | 39,272 | $25.39 | $997.2K | 22,123 | |
traded | Masaru Matsuda Officer (see filing) | SalePre-arranged (10b5-1) | 5,312 | $27.11 | $144.0K | 136,932 | |
traded | Howard G. Welgus Director | SalePre-arranged (10b5-1) | 10,000 | $25.05 | $250.5K | 59,744 | |
traded | Patrick Burnett Officer (see filing) | SalePre-arranged (10b5-1) | 9,794 | $25.81 | $252.7K | 80,651 | |
traded | Masaru Matsuda Officer (see filing) | SalePre-arranged (10b5-1) | 32,655 | $25.23 | $823.7K | 110,003 | |
traded | Patrick Burnett Officer (see filing) | SalePre-arranged (10b5-1) | 2,490 | $28.98 | $72.2K | 94,120 | |
traded | Howard G. Welgus Director | SalePre-arranged (10b5-1) | 10,000 | $28.96 | $289.6K | 69,744 | |
traded | Patrick Burnett Officer (see filing) | SalePre-arranged (10b5-1) | 11,500 | $28.94 | $332.9K | 98,307 | |
traded | Masaru Matsuda Officer (see filing) | SalePre-arranged (10b5-1) | 1,657 | $30.23 | $50.1K | 150,641 | |
traded | Howard G. Welgus Director | SalePre-arranged (10b5-1) | 10,000 | $30.21 | $302.1K | 79,744 | |
traded | Sue-Jean Lin Director | Sale | 25,272 | $30.78 | $778.0K | 26,735 | |
traded | Todd Watanabe Officer (see filing) | SalePre-arranged (10b5-1) | 50,000 | $30.35 | $1.5M | 740,537 | |
traded | Halley E. Gilbert Director | Sale | 16,532 | $27.55 | $455.4K | 22,123 | |
traded | Neha Krishnamohan Director | SalePre-arranged (10b5-1) | 40,504 | $23.20 | $939.5K | 23,355 | |
traded | Patrick Burnett Officer (see filing) | SalePre-arranged (10b5-1) | 17,250 | $24.18 | $417.1K | 98,325 | |
traded | Larry Todd Edwards Officer (see filing) | Sale | 29,131 | $25.16 | $732.9K | 150,193 | |
traded | Patrick Burnett Officer (see filing) | SalePre-arranged (10b5-1) | 3,864 | $23.72 | $91.6K | 98,325 | |
traded | Howard G. Welgus Director | SalePre-arranged (10b5-1) | 10,000 | $25.27 | $252.7K | 89,744 |
GET /stocks/filings/vX/form-4?tickers=ARQT&filing_date.gte=2025-11-05&sort=filing_date.desc&limit=500{
"status": "OK",
"results": [
{
"tickers": [
"ARQT"
],
"issuer_cik": "0001787306",
"owner_cik": "0001801050",
"accession_number": "0001628280-26-066331",
"form_type": "4",
"filing_date": "2026-10-19",
"period_of_report": "2026-10-15",
"issuer_name": "Arcutis Biotherapeutics, Inc.",
"issuer_trading_symbol": "ARQT",
"owner_name": "Welgus Howard G.",
"is_director": true,
"is_officer": false,
"is_ten_percent_owner": false,
"is_other": false,
"security_type": "non_derivative",
"record_type": "transaction",
"security_title": "Common Stock",
"transaction_timeliness": "O",
"aff_10b5_one": true,
"transaction_date": "2026-10-15",
"transaction_code": "S",
"equity_swap_involved": false,
"transaction_shares": 4728,
"transaction_price_per_share": 26.93,
"transaction_acquired_disposed": "D",
"shares_owned_following_transaction": 35207,
"transaction_value": 127325.04,
"not_subject_to_section_16": false,
"direct_or_indirect": "D",
"footnotes": [
{
"id": "F1",
"description": "The transaction reported in this Form 4 was effected pursuant to a 10b5-1 trading plan adopted on March 13, 2026, by the Reporting Person, with a plan end date of June 15, 2027."
}
]
},
{
"tickers": [
"ARQT"
],
"issuer_cik": "0001787306",
"owner_cik": "0001798679",
"accession_number": "0001628280-26-062732",
"form_type": "4",
"filing_date": "2026-09-18",
"period_of_report": "2026-09-16",
"issuer_name": "Arcutis Biotherapeutics, Inc.",
"issuer_trading_symbol": "ARQT",
"owner_name": "Matsuda Masaru",
"is_director": false,
"is_officer": true,
"is_ten_percent_owner": false,
"is_other": false,
"officer_title": "See Remarks",
"security_type": "non_derivative",
"record_type": "transaction",
"security_title": "Common Stock",
"transaction_timeliness": "O",
"aff_10b5_one": true,
"transaction_date": "2026-09-16",
"transaction_code": "S",
"equity_swap_involved": false,
"transaction_shares": 3674,
"transaction_price_per_share": 25.0009,
"transaction_acquired_disposed": "D",
"shares_owned_following_transaction": 112508,
"transaction_value": 91853.30660000001,
"not_subject_to_section_16": false,
"direct_or_indirect": "D",
"footnotes": [
{
"id": "F1",
"description": "The transactions reported in this Form 4 was effected pursuant to a 10b5-1 trading plan adopted on June 5, 2026, by the Reporting Person, with a plan end date of September 1, 2027."
},
{
"id": "F2",
"description": "The price reported in Column 4 is a weighted average sale price. The shares were sold in multiple transactions at prices ranging from $25.00 to $25.01, inclusive. The Reporting Person hereby\nundertakes to provide to the Securities and Exchange Commission staff, the Issuer, or a security holder of the Issuer, upon request, full information regarding the number of shares sold at each respective\nprice within the range set forth in this footnote."
}
],
"remarks": "Reporting Person's title: EVP, Chief Legal Officer"
}
]
}
// trimmed to 2 resultsThe response includes every Form 4 record; this page keeps open-market purchases and sales on common stock and removes duplicate joint-filer rows.
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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