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sellWeak cluster of 310b5-1 plan

Todd Watanabe sold $178k of ARQT

See Remarks at Arcutis Biotherapeutics, Inc.. 10,129 shares at an average of $17.54, traded Sep 8, 2025, filed Sep 10, 2025.

Warning score
22
Value
$178k
10,129 shares
Holdings after
891,440
-1% from before
From 52-week low
+109%
low $8.31, close $17.33
From 52-week high
0%
high $17.33, as of Sep 8, 2025

Score components

  • Role
    Officer
    +15
  • Trade size
    $178k at market
    +12
  • Share of holdings sold
    Sold 1.1% of holdings
    0
  • Cluster
    3 insiders selling within 14 days
    +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 10, 2025: +51.3%SPY +21.0% · excess +30.3%

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 0001787306-25-000136, as filed. Open on EDGAR

DateTransactionSharesPriceValueHoldings afterFiled
Sep 8, 2025SOpen-market sale
Common Stock10b5-1
-9,625$17.54$169k891,944Sep 10, 2025
Sep 9, 2025SOpen-market sale
Common Stock10b5-1
-504$17.52$8,829891,440Sep 10, 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.

Todd Watanabe sold $178k of ARQT | InsiderTell