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sellWeak cluster of 410b5-1 plan

Howard G. Welgus sold $156k of ARQT

director at Arcutis Biotherapeutics, Inc.. 10,000 shares at an average of $15.64, traded Sep 2, 2025, filed Sep 4, 2025.

Warning score
6
Value
$156k
10,000 shares
Holdings after
100,206
-9% from before
From 52-week low
+84%
low $8.31, close $15.32
From 52-week high
-11%
high $17.29, as of Sep 2, 2025

Score components

  • Role
    Director
    +15
  • Trade size
    $156k at market
    +11
  • Share of holdings sold
    Sold 9.1% of holdings
    0
  • 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 Sep 4, 2025: +64.0%SPY +21.6% · excess +42.4%

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 0001787306-25-000132, as filed. Open on EDGAR

DateTransactionSharesPriceValueHoldings afterFiled
Sep 2, 2025MOption exercise
Common Stock10b5-1
+10,000$0.00$0110,206Sep 4, 2025
Sep 2, 2025SOpen-market sale
Common Stock10b5-1
-10,000$15.64$156k100,206Sep 4, 2025
Sep 2, 2025MOption exercise
Stock Option (right to buy)derivative10b5-1
-10,000$0.00$00Sep 4, 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%
28Weak
ARQTsell 710b5-1
Arcutis Biotherapeutics, Inc.
Howard G. Welgus
director
$257k
10,000 shares
-17%
40Moderate
ARQTsell 710b5-1
Arcutis Biotherapeutics, Inc.
Keith R Leonard
director
$997k
39,272 shares
-64%
21Weak
ARQTsell 710b5-1
Arcutis Biotherapeutics, Inc.
Patrick Burnett
See Remarks
$158k
6,287 shares
-5%
25Weak
ARQTsell 710b5-1
Arcutis Biotherapeutics, Inc.
Latha Vairavan
SVP Chief Financial Officer
$72k
2,853 shares
-3%
24Weak
ARQTsell 710b5-1
Arcutis Biotherapeutics, Inc.
Masaru Matsuda
See Remarks
$314k
12,058 shares
-8%
34Weak
ARQTsell 710b5-1
Arcutis Biotherapeutics, Inc.
Todd Watanabe
See Remarks
$941k
37,349 shares
-5%
20Weak
ARQTsell 710b5-1
Arcutis Biotherapeutics, Inc.
Larry Todd Edwards
See Remarks
$93k
3,687 shares
-2%

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 $156k of ARQT | InsiderTell