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sellWeak cluster of 210b5-1 plan

Masaru Matsuda sold $250k of ARQT

See Remarks at Arcutis Biotherapeutics, Inc.. 9,989 shares at an average of $25.03, traded Sep 8, 2026, filed Sep 10, 2026.

Warning score
16
Value
$250k
9,989 shares
Holdings after
116,182
-8% from before
From 52-week low
-
no price yet
From 52-week high
-
no price yet

Score components

  • Role
    Officer
    +15
  • Trade size
    $250k at market
    +13
  • Share of holdings sold
    Sold 7.9% of holdings
    0
  • Cluster
    2 insiders selling within 14 days
    +8
  • 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 Sep 10, 2026: +13.7%SPY +3.0% · excess +10.7%

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 0001628280-26-061444, as filed. Open on EDGAR

DateTransactionSharesPriceValueHoldings afterFiled
Sep 8, 2026SOpen-market sale
Common Stock10b5-1
-9,989$25.03$250k116,18232 d ago

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%
6Weak
ARQTsell10b5-1
Arcutis Biotherapeutics, Inc.
Howard G. Welgus
director
$136k
10,139 shares
-8%
33Weak
ARQTbuy
Arcutis Biotherapeutics, Inc.
Patrick J Heron
director
$35k
2,646 shares
+11%
32Weak
ARQTbuy
Arcutis Biotherapeutics, Inc.
Patrick J Heron
director
$30k
2,268 shares
+10%
3Weak
ARQTsell 210b5-1
Arcutis Biotherapeutics, Inc.
Masaru Matsuda
See Remarks
$25k
1,800 shares
-1%
38Weak
ARQTbuy
Arcutis Biotherapeutics, Inc.
Patrick J Heron
director
$69k
5,040 shares
+29%
20Weak
ARQTsell 310b5-1
Arcutis Biotherapeutics, Inc.
Larry Todd Edwards
See Remarks
$105k
7,451 shares
-4%
33Weak
ARQTbuy
Arcutis Biotherapeutics, Inc.
Patrick J Heron
director
$34k
2,520 shares
+17%
44Moderate
ARQTbuy
Arcutis Biotherapeutics, Inc.
Patrick J Heron
director
$119k
8,674 shares
+138%

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.

Masaru Matsuda sold $250k of ARQT | InsiderTell