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ARQTArcutis Biotherapeutics, Inc. · Insider ownership research

Arcutis Biotherapeutics, Inc. insiders sold $16.2M in the past 12 months. How much of their stake is that?

79% was sold under disclosed trading plans, 21% with no plan disclosed. The largest seller, Todd Watanabe (Reporting Person's title: President and Chief Executive Officer, Director), sold $4.4M. 35% of these sales were shares from exercising options.Share-of-stake figures for this company are being verified and will be added when that check is finished. Why

Updated Oct 16, 2026 from SEC filings · covers Oct 17, 2025 to Oct 16, 2026
$3.3M
sold with no plan disclosed, past 12 months
79%
of sales were under disclosed trading plans, past 12 months
11 of 15
officers and directors sold shares, past 12 months
Is this normal? More than usual: $16.2M sold, after almost none in the past 5 years. 11 insiders sold; the average is 8 a year. Year by year
Latest filing: Filed Sep 18 for a sale on Sep 16. Masaru Matsuda sold 3.7K shares ($92K) under a disclosed plan. Filing
SEC ownership filings: 68 filed in the 12 months to Oct 16, 2026; 442 on record since Jan 30, 2020 · See the evidence

What stands out

Routine activity: 79% of sales were under disclosed plans, and no insider sold more than 1% of vested holdings.

A share of stake is shown for 0 of the 11 officers and directors who sold. 15 are left out

i
Left out: Todd Watanabe, Bhaskar Chaudhuri, Christopher Peetz, Larry Edwards, Masaru Matsuda, Howard Welgus, Patrick Burnett, Patrick Heron, Latha Vairavan, Keith Leonard, Sue-Jean Lin, Halley Gilbert, Neha Krishnamohan, Terrie Curran and Amit Munshi (share of stake is being verified).
Disclosed company stock is not an insider's whole wealth.

Who sold, and how much of their stake

Officers and directors, past 12 months. Their share of stake is being verified and is not shown yet; amounts and trading plans are below.

Todd Watanabe
Reporting Person's title: President and Chief Executive Officer, Director
Not confirmed
Share of stake not shown: share of stake is being verified. Why
$4.4MDisclosed plan
Howard Welgus
Director
Not confirmed
Share of stake not shown: share of stake is being verified. Why
$2.2MDisclosed plan
Masaru Matsuda
Reporting Person's title: EVP, Chief Legal Officer
Not confirmed
Share of stake not shown: share of stake is being verified. Why
$2.2MDisclosed plan
Patrick Burnett
Reporting Person's title: EVP, Chief Medical Officer
Not confirmed
Share of stake not shown: share of stake is being verified. Why
$2.0M78% planned, 2% to cover taxes 20% no plan disclosed
Keith Leonard
Director
Not confirmed
Share of stake not shown: share of stake is being verified. Why
$997KDisclosed plan
All 11 sellers

Selling by month

Officers and directors, Oct 2025 to Oct 2026. Each sale is counted once: under a disclosed plan, else to cover taxes, else no plan disclosed.

Disclosed planTo cover taxesNo plan disclosedOne dollar scale for every month; the tallest bar is labeled
Oct 2025: $1.0M under a disclosed planOctNov 2025: $3.8M under a disclosed planNov 2025: $2.0M no plan disclosed$5.8MNovDec 2025: $735K under a disclosed planDecJan 2026: $362K under a disclosed planJanFeb 2026: $2.3M under a disclosed planFebMar 2026: $2.7M under a disclosed planMarApr 2026: $239K under a disclosed planAprMay 2026: $493K under a disclosed planMayJun 2026: $237K under a disclosed planJunJul 2026: $127K under a disclosed planJulAug 2026: $295K under a disclosed planAug 2026: $46K to cover taxesAug 2026: $1.4M no plan disclosedAugSep 2026: $456K under a disclosed planSepOct

Recent activity

Past 30 days, Sep 17, 2026 to Oct 16, 2026

No officer or director trades were reported for the past 30 days. The most recent before that:

Sep 16, 2026Masaru Matsuda sold 3.7K shares ($92K) under a disclosed trading plan.
WhoSharesPrice% of total stakeTotal stake afterTrade dateFiled
Masaru Matsuda
Reporting Person's title: EVP, Chief Legal Officer
3,674$25.00n/an/aSep 16, 2026Sep 18, 2026

Outside holders, reported separately

Patrick Heron reported no open-market sales in the past 12 months. Large shareholders and the funds or companies that board members represent are not part of management, so they are left out of the figures above.

Details

Common questions

Is the Arcutis Biotherapeutics, Inc. CEO selling stock?

Yes. Todd Watanabe sold 166K shares ($4.4M) in the past 12 months, all of it under a trading plan disclosed in the filings.

Why are Arcutis Biotherapeutics, Inc. insiders selling?

Filings rarely give a reason, and we don't guess at one. What they show is how the sales were made: 79% of sales by value ran under 10b5-1 trading plans disclosed in the filings, 0.3% were to cover taxes and 21% had no disclosed plan. A trading plan schedules sales in advance.

Are any Arcutis Biotherapeutics, Inc. insiders buying?

No. Officers and directors reported no purchases in the past 12 months.

The evidence

Who sold11 officers and directors: amount, % of holdings, trading plan
Who soldAmount% of holdingsTrading plan
Todd Watanabe
Reporting Person's title: President and Chief Executive Officer, Director
$4.4M
166K shares
Not confirmed
share of stake is being verified. Why
Disclosed plan
Howard Welgus
Director
$2.2M
86K shares
Not confirmed
share of stake is being verified. Why
Disclosed plan
Masaru Matsuda
Reporting Person's title: EVP, Chief Legal Officer
$2.2M
87K shares
Not confirmed
share of stake is being verified. Why
Disclosed plan
Patrick Burnett
Reporting Person's title: EVP, Chief Medical Officer
$2.0M
78K shares
Not confirmed
share of stake is being verified. Why
78% under a disclosed plan, 2% to cover taxes 20% no plan disclosed
Keith Leonard
Director
$997K
39K shares
Not confirmed
share of stake is being verified. Why
Disclosed plan
Terrie Curran
Director
$984K
39K shares
Not confirmed
share of stake is being verified. Why
No plan disclosed
Neha Krishnamohan
Director
$939K
41K shares
Not confirmed
share of stake is being verified. Why
Disclosed plan
Sue-Jean Lin
Director
$899K
30K shares
Not confirmed
share of stake is being verified. Why
13% under a disclosed plan 87% no plan disclosed
Larry Edwards
Reporting Person's title: EVP, Chief Commercial Officer
$878K
35K shares
Not confirmed
share of stake is being verified. Why
17% under a disclosed plan 83% no plan disclosed
Halley Gilbert
Director
$455K
17K shares
Not confirmed
share of stake is being verified. Why
No plan disclosed
Latha Vairavan
SVP Chief Financial Officer
$148K
6K shares
Not confirmed
share of stake is being verified. Why
Disclosed plan

Board members representing outside shareholders, reported separately: Patrick Heron. Details

The full ownership picture0 of 15 officers and directors confirmed

Vested shares across all share classes, held directly and through trusts, LLCs and family members, as reported on SEC Forms 3, 4 and 5. Unvested awards and options are never counted as owned shares.

InsiderHeld Oct 16, 2025SoldHeld Oct 16, 2026Still held
Todd Watanabe
!
Holdings and share of stake are being verified. Share-of-stake figures and holdings for this company are held back while they are verified. See the filing Sales and other transactions for Todd Watanabe are complete.
Reporting Person's title: President and Chief Executive Officer, Director
n/a−166Kn/an/a
Vesting, gifts, unvested awards and holding lines for Todd Watanabe

Holdings and share of stake are being verified. Sales, proceeds, plan and tax status and dates for Todd Watanabe are complete; balances and unit counts will be added when the check is finished.

0gifted (net of own trusts)

Stock options (not counted as shares):

Options heldStrike priceExpiresIntrinsic value (estimate)
49,823$1.68Mar 13, 2029$1.2M
410,000$3.64Jan 12, 2034$8.8M
396,000$13.69Feb 28, 2035$4.5M
266,000$26.97Feb 27, 2036$0

Estimate: options held × ($25.00 − strike price), using the most recent insider trade price on Form 4 (Sep 16, 2026), not a market close.

Bhaskar Chaudhuri
!
Holdings and share of stake are being verified. Share-of-stake figures and holdings for this company are held back while they are verified. Sales and other transactions for Bhaskar Chaudhuri are complete.
Director
n/a0n/an/a
Vesting, gifts, unvested awards and holding lines for Bhaskar Chaudhuri

Holdings and share of stake are being verified. Sales, proceeds, plan and tax status and dates for Bhaskar Chaudhuri are complete; balances and unit counts will be added when the check is finished.

0gifted (net of own trusts)

Stock options (not counted as shares):

Options heldStrike priceExpiresIntrinsic value (estimate)
27,052$8.63Jun 14, 2034$443K
20,568$13.50Jun 12, 2035$237K

Estimate: options held × ($25.00 − strike price), using the most recent insider trade price on Form 4 (Sep 16, 2026), not a market close.

Christopher Peetz
!
Holdings and share of stake are being verified. Share-of-stake figures and holdings for this company are held back while they are verified. Sales and other transactions for Christopher Peetz are complete.
Director
n/a0n/an/a
Vesting, gifts, unvested awards and holding lines for Christopher Peetz

Holdings and share of stake are being verified. Sales, proceeds, plan and tax status and dates for Christopher Peetz are complete; balances and unit counts will be added when the check is finished.

0gifted (net of own trusts)

Stock options (not counted as shares):

Options heldStrike priceExpiresIntrinsic value (estimate)
21,486$27.78Jul 15, 2036$0
13,010$27.78Jul 15, 2036$0

Estimate: options held × ($25.00 − strike price), using the most recent insider trade price on Form 4 (Sep 16, 2026), not a market close.

Larry Edwards
!
Holdings and share of stake are being verified. Share-of-stake figures and holdings for this company are held back while they are verified. Sales and other transactions for Larry Edwards are complete.
Reporting Person's title: EVP, Chief Commercial Officer
n/a−35Kn/an/a
Vesting, gifts, unvested awards and holding lines for Larry Edwards

Holdings and share of stake are being verified. Sales, proceeds, plan and tax status and dates for Larry Edwards are complete; balances and unit counts will be added when the check is finished.

0gifted (net of own trusts)

Stock options (not counted as shares):

Options heldStrike priceExpiresIntrinsic value (estimate)
176,000$3.64Jan 12, 2034$3.8M
99,000$13.69Feb 28, 2035$1.1M
43,000$13.69Feb 28, 2035$486K
77,000$26.97Feb 27, 2036$0

Estimate: options held × ($25.00 − strike price), using the most recent insider trade price on Form 4 (Sep 16, 2026), not a market close.

Masaru Matsuda
!
Holdings and share of stake are being verified. Share-of-stake figures and holdings for this company are held back while they are verified. See the filing Sales and other transactions for Masaru Matsuda are complete.
Reporting Person's title: EVP, Chief Legal Officer
n/a−87Kn/an/a
Vesting, gifts, unvested awards and holding lines for Masaru Matsuda

Holdings and share of stake are being verified. Sales, proceeds, plan and tax status and dates for Masaru Matsuda are complete; balances and unit counts will be added when the check is finished.

0gifted (net of own trusts)

Stock options (not counted as shares):

Options heldStrike priceExpiresIntrinsic value (estimate)
176,000$3.64Jan 12, 2034$3.8M
89,000$13.69Feb 28, 2035$1.0M
97,000$26.97Feb 27, 2036$0

Estimate: options held × ($25.00 − strike price), using the most recent insider trade price on Form 4 (Sep 16, 2026), not a market close.

Howard Welgus
!
Holdings and share of stake are being verified. Share-of-stake figures and holdings for this company are held back while they are verified. Sales and other transactions for Howard Welgus are complete.
Director
n/a−86Kn/an/a
Vesting, gifts, unvested awards and holding lines for Howard Welgus

Holdings and share of stake are being verified. Sales, proceeds, plan and tax status and dates for Howard Welgus are complete; balances and unit counts will be added when the check is finished.

0gifted (net of own trusts)

Stock options (not counted as shares):

Options heldStrike priceExpiresIntrinsic value (estimate)
8,144$7.51May 31, 2033$142K
18,032$8.63Jun 14, 2034$295K
20,568$13.50Jun 12, 2035$237K
16,667$21.23Jun 5, 2036$63K
6,574$6.52Nov 20, 2029$121K

Estimate: options held × ($25.00 − strike price), using the most recent insider trade price on Form 4 (Sep 16, 2026), not a market close.

Patrick Burnett
!
Holdings and share of stake are being verified. Share-of-stake figures and holdings for this company are held back while they are verified. Sales and other transactions for Patrick Burnett are complete.
Reporting Person's title: EVP, Chief Medical Officer
n/a−78Kn/an/a
Vesting, gifts, unvested awards and holding lines for Patrick Burnett

Holdings and share of stake are being verified. Sales, proceeds, plan and tax status and dates for Patrick Burnett are complete; balances and unit counts will be added when the check is finished.

0gifted (net of own trusts)

Stock options (not counted as shares):

Options heldStrike priceExpiresIntrinsic value (estimate)
128,750$3.64Jan 12, 2034$2.8M
99,000$13.69Feb 28, 2035$1.1M
43,000$13.69Feb 28, 2035$486K
77,000$26.97Feb 27, 2036$0

Estimate: options held × ($25.00 − strike price), using the most recent insider trade price on Form 4 (Sep 16, 2026), not a market close.

Patrick Heron
!
Holdings and share of stake are being verified. Share-of-stake figures and holdings for this company are held back while they are verified. Sales and other transactions for Patrick Heron are complete.
Director
n/a0n/an/a
Vesting, gifts, unvested awards and holding lines for Patrick Heron

Holdings and share of stake are being verified. Sales, proceeds, plan and tax status and dates for Patrick Heron are complete; balances and unit counts will be added when the check is finished.

0gifted (net of own trusts)

Stock options (not counted as shares):

Options heldStrike priceExpiresIntrinsic value (estimate)
27,052$8.63Jun 14, 2034$443K
20,568$13.50Jun 12, 2035$237K
16,667$21.23Jun 5, 2036$63K

Estimate: options held × ($25.00 − strike price), using the most recent insider trade price on Form 4 (Sep 16, 2026), not a market close.

Latha Vairavan
!
Holdings and share of stake are being verified. Share-of-stake figures and holdings for this company are held back while they are verified. Sales and other transactions for Latha Vairavan are complete.
SVP Chief Financial Officer
n/a−6Kn/an/a
Vesting, gifts, unvested awards and holding lines for Latha Vairavan

Holdings and share of stake are being verified. Sales, proceeds, plan and tax status and dates for Latha Vairavan are complete; balances and unit counts will be added when the check is finished.

0gifted (net of own trusts)

Stock options (not counted as shares):

Options heldStrike priceExpiresIntrinsic value (estimate)
5,500$17.67Mar 3, 2032$40K
5,000$15.82Mar 2, 2033$46K
43,500$3.64Jan 12, 2034$929K
23,750$13.69Feb 28, 2035$269K
60,000$14.32May 6, 2035$641K
70,000$26.97Feb 27, 2036$0

Estimate: options held × ($25.00 − strike price), using the most recent insider trade price on Form 4 (Sep 16, 2026), not a market close.

Keith Leonard
!
Holdings and share of stake are being verified. Share-of-stake figures and holdings for this company are held back while they are verified. Sales and other transactions for Keith Leonard are complete.
Director
n/a−39Kn/an/a
Vesting, gifts, unvested awards and holding lines for Keith Leonard

Holdings and share of stake are being verified. Sales, proceeds, plan and tax status and dates for Keith Leonard are complete; balances and unit counts will be added when the check is finished.

−4.3Kgifted (net of own trusts)

Stock options (not counted as shares):

Options heldStrike priceExpiresIntrinsic value (estimate)
20,568$13.50Jun 12, 2035$237K
16,667$21.23Jun 5, 2036$63K

Estimate: options held × ($25.00 − strike price), using the most recent insider trade price on Form 4 (Sep 16, 2026), not a market close.

Sue-Jean Lin
!
Holdings and share of stake are being verified. Share-of-stake figures and holdings for this company are held back while they are verified. Sales and other transactions for Sue-Jean Lin are complete.
Director
n/a−30Kn/an/a
Vesting, gifts, unvested awards and holding lines for Sue-Jean Lin

Holdings and share of stake are being verified. Sales, proceeds, plan and tax status and dates for Sue-Jean Lin are complete; balances and unit counts will be added when the check is finished.

0gifted (net of own trusts)

Stock options (not counted as shares):

Options heldStrike priceExpiresIntrinsic value (estimate)
5,000$7.51May 31, 2033$87K
9,000$8.63Jun 14, 2034$147K
20,568$13.50Jun 12, 2035$237K
16,667$21.23Jun 5, 2036$63K

Estimate: options held × ($25.00 − strike price), using the most recent insider trade price on Form 4 (Sep 16, 2026), not a market close.

Halley Gilbert
!
Holdings and share of stake are being verified. Share-of-stake figures and holdings for this company are held back while they are verified. Sales and other transactions for Halley Gilbert are complete.
Director
n/a−17Kn/an/a
Vesting, gifts, unvested awards and holding lines for Halley Gilbert

Holdings and share of stake are being verified. Sales, proceeds, plan and tax status and dates for Halley Gilbert are complete; balances and unit counts will be added when the check is finished.

0gifted (net of own trusts)

Stock options (not counted as shares):

Options heldStrike priceExpiresIntrinsic value (estimate)
27,052$8.63Jun 14, 2034$443K
20,568$13.50Jun 12, 2035$237K
16,667$21.23Jun 5, 2036$63K

Estimate: options held × ($25.00 − strike price), using the most recent insider trade price on Form 4 (Sep 16, 2026), not a market close.

Neha Krishnamohan
!
Holdings and share of stake are being verified. Share-of-stake figures and holdings for this company are held back while they are verified. Sales and other transactions for Neha Krishnamohan are complete.
Director
n/a−41Kn/an/a
Vesting, gifts, unvested awards and holding lines for Neha Krishnamohan

Holdings and share of stake are being verified. Sales, proceeds, plan and tax status and dates for Neha Krishnamohan are complete; balances and unit counts will be added when the check is finished.

0gifted (net of own trusts)

Stock options (not counted as shares):

Options heldStrike priceExpiresIntrinsic value (estimate)
20,568$13.50Jun 12, 2035$237K
16,667$21.23Jun 5, 2036$63K

Estimate: options held × ($25.00 − strike price), using the most recent insider trade price on Form 4 (Sep 16, 2026), not a market close.

Terrie Curran
!
Holdings and share of stake are being verified. Share-of-stake figures and holdings for this company are held back while they are verified. Sales and other transactions for Terrie Curran are complete.
Director
n/a−39Kn/an/a
Vesting, gifts, unvested awards and holding lines for Terrie Curran

Holdings and share of stake are being verified. Sales, proceeds, plan and tax status and dates for Terrie Curran are complete; balances and unit counts will be added when the check is finished.

0gifted (net of own trusts)

Stock options (not counted as shares):

Options heldStrike priceExpiresIntrinsic value (estimate)
20,568$13.50Jun 12, 2035$237K
16,667$21.23Jun 5, 2036$63K

Estimate: options held × ($25.00 − strike price), using the most recent insider trade price on Form 4 (Sep 16, 2026), not a market close.

Amit Munshi
!
Holdings and share of stake are being verified. Share-of-stake figures and holdings for this company are held back while they are verified. Sales and other transactions for Amit Munshi are complete.
Director
n/a0n/an/a
Vesting, gifts, unvested awards and holding lines for Amit Munshi

Holdings and share of stake are being verified. Sales, proceeds, plan and tax status and dates for Amit Munshi are complete; balances and unit counts will be added when the check is finished.

0gifted (net of own trusts)

Stock options (not counted as shares):

Options heldStrike priceExpiresIntrinsic value (estimate)
16,502$31.16Dec 4, 2035$0
6,177$31.16Dec 4, 2035$0
16,667$21.23Jun 5, 2036$63K

Estimate: options held × ($25.00 − strike price), using the most recent insider trade price on Form 4 (Sep 16, 2026), not a market close.

Holdings and share of stake for Arcutis Biotherapeutics, Inc. are being verified, so no balances, unit counts or percentages are shown. Sales, proceeds, plan and tax status, titles and dates come straight from individual filings.

What explains the selling$16.2M of sales by plan status, purpose, seller and month

Officer and director open-market sales: $16.2M across 624,043 shares. Plan status and stated purpose are separate questions, and a sale can have both.

By plan status

The lighter segment is sales with no plan disclosed in the filing ($3.4M), including tax-related sales outside a plan.

No plan disclosed · $3.3M

Sales with no 10b5-1 plan and no tax reference in the filing. $984K of it is Terrie Curran. No plan disclosed is a statement about the filing, not about why the sale happened. Largest such sale: Sue-Jean Lin, Nov 24, 2025

Taxes

$3.3M of sales (20.7%) cite tax obligations in their footnotes, $3.3M of them also under a plan. Example: Patrick Burnett, Aug 19, 2026

Charitable gifts · 4.3K shares

Gifts the filings describe as charitable. Gifts are not sales and are not included in the sale totals.

SellerShares soldProceedsUnder a disclosed planShare of totalSales dates
Todd Watanabe
Reporting Person's title: President and Chief Executive Officer, Director
166K$4.4M100%27%Oct 28, 2025 to Aug 3, 2026
Howard Welgus
Director
86K$2.2M100%14%Nov 3, 2025 to Sep 15, 2026
Masaru Matsuda
Reporting Person's title: EVP, Chief Legal Officer
87K$2.2M100%14%Nov 3, 2025 to Sep 16, 2026
Patrick Burnett
Reporting Person's title: EVP, Chief Medical Officer
78K$2.0M78%12%Nov 3, 2025 to Aug 19, 2026
Keith Leonard
Director
39K$997K100%6%Mar 2, 2026 to Mar 2, 2026
Terrie Curran
Director
39K$984K0%6%Aug 20, 2026 to Aug 27, 2026
Neha Krishnamohan
Director
41K$939K100%6%Nov 13, 2025 to Nov 13, 2025
Sue-Jean Lin
Director
30K$899K13%6%Nov 24, 2025 to Jun 15, 2026
Larry Edwards
Reporting Person's title: EVP, Chief Commercial Officer
35K$878K17%5%Nov 6, 2025 to Mar 2, 2026
Halley Gilbert
Director
17K$455K0%3%Nov 20, 2025 to Nov 20, 2025
Latha Vairavan
SVP Chief Financial Officer
6K$148K100%0.9%Nov 3, 2025 to May 11, 2026

Sales by month

MonthSale proceedsDisclosed planTo cover taxesNo plan disclosed
Oct 2025$1.0M$1.0M$0$0
Nov 2025$5.8M$3.8M$0$2.0M
Dec 2025$735K$735K$0$0
Jan 2026$362K$362K$0$0
Feb 2026$2.3M$2.3M$0$0
Mar 2026$2.7M$2.7M$0$0
Apr 2026$239K$239K$0$0
May 2026$493K$493K$0$0
Jun 2026$237K$237K$0$0
Jul 2026$127K$127K$0$0
Aug 2026$1.7M$295K$46K$1.4M
Sep 2026$456K$456K$0$0
Oct 2026$0$0$0$0
Board members representing outside shareholders (1)Listed and sourced; not part of the management totals or the answer line

Directors whose reported holdings sit mostly in an investment fund or a corporate shareholder they represent, not in their own name, with beneficial ownership disclaimed except for their own financial interest. Listed and sourced here; not part of the management totals or the answer line. Shares a fund hands to its own investors are distributions, not sales.

Board memberHeld Oct 16, 2025SoldHeld Oct 16, 2026Still held
Patrick Heron
!
Holdings and share of stake are being verified. Share-of-stake figures and holdings for this company are held back while they are verified. Sales and other transactions for Patrick Heron are complete.
Director
n/a0n/an/a
Vesting, gifts, unvested awards and holding lines for Patrick Heron

Holdings and share of stake are being verified. Sales, proceeds, plan and tax status and dates for Patrick Heron are complete; balances and unit counts will be added when the check is finished.

0gifted (net of own trusts)
Is this normal? Selling year by year5 earlier years to compare with

More than usual: $16.2M sold, after almost none in the past 5 years. 11 insiders sold; the average is 8 a year.

12 months endingShares soldInsiders who soldProceeds
Oct 16, 2026
Latest 12 months
624K11$16.2M
Oct 16, 2025
1 year earlier
601K8$8.4M
Oct 16, 2024
2 years earlier
248K7$2.3M
Oct 17, 2023
3 years earlier
75K9$1.1M
Oct 17, 2022
4 years earlier
96K8$2.0M
Oct 17, 2021
5 years earlier
161K7$4.8M

Open-market sales (Form 4 code S) by people who were officers or directors, in split-adjusted shares. Earlier years include people who have since left. A sale that an outside holder also reports (a family trust, a fund) is counted with outside holders in every year. Shares, not dollars, are compared, so a change in the stock price doesn't look like a change in selling. Years the filings don't fully cover are shown but left out of the average.

Known gaps and uncertainty15 officers and directors not confirmed

Holdings and share of stake are being verified. Balances, unit counts and every share-of-stake figure for Arcutis Biotherapeutics, Inc. are held back until that check is finished. Sales, proceeds, plan and tax status, titles and dates come straight from individual filings and are complete.

External context: we only cite outside events when a documented connection exists. None is shown for this period.

Sources and methodology442 filings on record, 68 filed in the 12-month period, and how we read them

All 442 Forms 3, 4 and 5 on record for Arcutis Biotherapeutics, Inc. (SEC CIK 1787306), filed from Jan 30, 2020 to Sep 18, 2026; 68 of them were filed in the 12 months this page covers, retrieved from SEC EDGAR on Oct 16, 2026. Prices are the ones reported in each filing, often weighted averages.

Holdings. Each holding line (a share class plus an owner, such as a trust or LLC) carries its last reported balance forward. Entities first reported during the period start at zero, so transfers between an insider's own trusts don't count as selling. Lines not reported for three years or more are listed separately and left out of totals.

Sales. A sale counts as under a 10b5-1 plan if its footnote cites one or the filing's Rule 10b5-1 box is checked, and as tax-related if its footnote cites tax obligations or sell-to-cover. Shares withheld by the company for taxes are listed separately. Sales with neither attribute are labeled "no plan disclosed".

Full methodology

Former or inactive filers (15)No filing in 18 months; last reported balances, not in any total
NameLast filedLast reported balance
David TopperApr 3, 2025182,774 shares, last reported balance as of Apr 2, 2025
Matthew MooreMay 3, 2024145,505 shares, last reported balance as of May 2, 2024
John SmitherFeb 15, 2024152,757 shares, last reported balance as of Feb 13, 2024
Kenneth LockMar 8, 202363,429 shares, last reported balance as of Mar 6, 2023
Patricia TurneyMar 8, 202362,862 shares, last reported balance as of Mar 6, 2023
David OsborneMar 8, 2023393,810 shares, last reported balance as of Mar 6, 2023
Scott BurrowsMar 8, 202359,115 shares, last reported balance as of Mar 6, 2023
ORBIMED ADVISORS LLCJun 28, 20223,949,679 shares, last reported balance as of Jun 24, 2022
Joseph TurnerJun 3, 2022No balance on record
Ricky SunJun 11, 2021No balance on record
Jonathan SilversteinOct 6, 2020902,286 shares, last reported balance as of Oct 2, 2020
Jonathan SilversteinOct 6, 20204,267,564 shares, last reported balance as of Oct 2, 2020
Daniel EstesMar 3, 2020No balance on record
Bain Capital Life Sciences Investors, LLCFeb 6, 202010,490,069 shares, last reported balance as of Feb 4, 2020
Alexander AsamJan 30, 2020No balance on record

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