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sellWeak cluster of 410b5-1 plan

Patrick Burnett sold $921k of ARQT

See Remarks at Arcutis Biotherapeutics, Inc.. 61,403 shares at an average of $14.99, traded Mar 13, 2025, filed Mar 17, 2025.

Warning score
29
Value
$921k
61,403 shares
Holdings after
121,936
-37% from before
From 52-week low
-
no price yet
From 52-week high
-
no price yet

Score components

  • Role
    Officer
    +15
  • Trade size
    $921k at market
    +24
  • Share of holdings sold
    Sold 37% of holdings
    +10
  • Cluster
    4 insiders selling within 14 days
    +15
  • Exercise and sell
    Shares came from an option exercise in the same filing
    -15
  • 10b5-1 plan
    Pre-scheduled under a 10b5-1 plan
    -20

What happened after comparable sells

Same side and tier, against the S&P 500, at 1, 3 and 6 months. Shown to Pro users; the whole table is on the backtest page.

Price around the trade, and since

From a quarter before the trade to today. The arrow is the trade, the circle the day the filing reached EDGAR, which is the first day anyone outside could act; the dotted line is the S&P 500 rebased to that day's close.

ARQTOct 9, 2026 · close 26.58
Since filing Mar 17, 2025: +61.9%SPY +40.0% · excess +21.9%

Daily candles, adjusted for splits and dividends. Green arrows are insider buys, red are sells, sized by value; the dashed line is the close on the filing day, the dotted line SPY rebased to it.Charts by TradingView Lightweight Charts™

Rows in this filing

Every transaction in Form 4 0001787306-25-000045, as filed. Open on EDGAR

DateTransactionSharesPriceValueHoldings afterFiled
Mar 13, 2025SOpen-market sale
Common Stock10b5-1
-44,153$14.97$661k121,936Mar 17, 2025
Mar 13, 2025MOption exercise
Common Stock10b5-1
+5,008$0.00$0126,944Mar 17, 2025
Mar 13, 2025SOpen-market sale
Common Stock10b5-1
-5,008$15.10$76k121,936Mar 17, 2025
Mar 14, 2025MOption exercise
Common Stock10b5-1
+12,242$0.00$0134,178Mar 17, 2025
Mar 14, 2025SOpen-market sale
Common Stock10b5-1
-12,242$15.04$184k121,936Mar 17, 2025
Mar 13, 2025MOption exercise
Stock Option (right to buy)derivative10b5-1
-5,008$0.00$0213,492Mar 17, 2025
Mar 14, 2025MOption exercise
Stock Option (right to buy)derivative10b5-1
-12,242$0.00$0201,250Mar 17, 2025

Related signals

Other insiders at Arcutis Biotherapeutics, Inc. and this insider’s other filings.

ScoreCompanyInsiderValueHoldingsFiled
12Weak
ARQTsell 210b5-1
Arcutis Biotherapeutics, Inc.
Masaru Matsuda
See Remarks
$92k
3,674 shares
-3%
3Weak
ARQTsell 210b5-1
Arcutis Biotherapeutics, Inc.
Howard G. Welgus
director
$114k
4,730 shares
-12%
16Weak
ARQTsell 210b5-1
Arcutis Biotherapeutics, Inc.
Masaru Matsuda
See Remarks
$250k
9,989 shares
-8%
22Weak
ARQTsell 310b5-1
Arcutis Biotherapeutics, Inc.
Todd Watanabe
See Remarks
$178k
10,129 shares
-1%
34Weak
ARQTsell 310b5-1
Arcutis Biotherapeutics, Inc.
Masaru Matsuda
See Remarks
$584k
36,130 shares
-18%
6Weak
ARQTsell 410b5-1
Arcutis Biotherapeutics, Inc.
Howard G. Welgus
director
$156k
10,000 shares
-9%
11Weak
ARQTsell 210b5-1
Arcutis Biotherapeutics, Inc.
Patrick Burnett
See Remarks
$66k
4,188 shares
-4%
17Weak
ARQTsell 510b5-1
Arcutis Biotherapeutics, Inc.
Patrick Burnett
See Remarks
$54k
3,847 shares
-3%
6Weak
ARQTsell 510b5-1
Arcutis Biotherapeutics, Inc.
Howard G. Welgus
director
$143k
10,000 shares
-9%
19Weak
ARQTsell 510b5-1
Arcutis Biotherapeutics, Inc.
Masaru Matsuda
See Remarks
$91k
6,330 shares
-3%

Not investment advice. Scores and forward returns are decision support built from public SEC filings and past prices; they describe what happened after comparable filings, not what will happen after this one. Do your own research and size your risk.

Patrick Burnett sold $921k of ARQT | InsiderTell