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sellWeak cluster of 210b5-1 plan

Howard G. Welgus sold $114k of ARQT

director at Arcutis Biotherapeutics, Inc.. 4,730 shares at an average of $24.18, traded Sep 15, 2026, filed Sep 17, 2026.

Warning score
3
Value
$114k
4,730 shares
Holdings after
35,841
-12% from before
From 52-week low
-
no price yet
From 52-week high
-
no price yet

Score components

  • Role
    Director
    +15
  • Trade size
    $114k at market
    +10
  • Share of holdings sold
    Sold 12% of holdings
    +5
  • Cluster
    2 insiders selling within 14 days
    +8
  • 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 Sep 17, 2026: +0.5%SPY +2.3% · excess -1.9%

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 0001628280-26-062490, as filed. Open on EDGAR

DateTransactionSharesPriceValueHoldings afterFiled
Sep 15, 2026MOption exercise
Common Stock10b5-1
+822$6.52$5,36137,29725 d ago
Sep 15, 2026MOption exercise
Common Stock10b5-1
+1,019$7.51$7,65338,31625 d ago
Sep 15, 2026MOption exercise
Common Stock10b5-1
+2,255$8.63$19k40,57125 d ago
Sep 15, 2026SOpen-market sale
Common Stock10b5-1
-4,730$24.18$114k35,84125 d ago
Sep 15, 2026MOption exercise
Stock Option (right to buy)derivative10b5-1
-822$0.00$06,57425 d ago
Sep 15, 2026MOption exercise
Stock Option (right to buy)derivative10b5-1
-1,019$0.00$08,14425 d ago
Sep 15, 2026MOption exercise
Stock Option (right to buy)derivative10b5-1
-2,255$0.00$018,03225 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%
16Weak
ARQTsell 210b5-1
Arcutis Biotherapeutics, Inc.
Masaru Matsuda
See Remarks
$250k
9,989 shares
-8%
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.

Howard G. Welgus sold $114k of ARQT | InsiderTell