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sellModerate cluster of 8

Halley E Gilbert sold $455k of ARQT

director at Arcutis Biotherapeutics, Inc.. 16,532 shares at an average of $27.55, traded Nov 20, 2025, filed Nov 21, 2025.

Warning score
42
Value
$455k
16,532 shares
Holdings after
22,123
-43% from before
From 52-week low
+170%
low $10.14, close $27.33
From 52-week high
-2%
high $27.89, as of Nov 20, 2025

Score components

  • Role
    Director
    +15
  • Trade size
    $455k at market
    +17
  • Share of holdings sold
    Sold 43% of holdings
    +10
  • Cluster
    8 insiders selling within 14 days
    +15
  • Exercise and sell
    Shares came from an option exercise in the same filing
    -15

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.

This signal so far: 1m -5.0%, 3m -13.8%, 6m -29.3%.

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 13, 2026 · close 26.09
Since filing Nov 21, 2025: -11.5%SPY +19.3% · excess -30.9%

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 0001601360-25-000007, as filed. Open on EDGAR

DateTransactionSharesPriceValueHoldings afterFiled
Nov 20, 2025MOption exercise
Common Stock
+12,220$7.51$92k38,655Nov 21, 2025
Nov 20, 2025SOpen-market sale
Common Stock
-16,532$27.55$455k22,123Nov 21, 2025
Nov 20, 2025MOption exercise
Stock Option (right to buy)derivative
-12,220$0.00$00Nov 21, 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%
23Weak
ARQTsell 310b5-1
Arcutis Biotherapeutics, Inc.
Masaru Matsuda
See Remarks
$250k
9,989 shares
-8%
59Moderate
ARQTsell 4
Arcutis Biotherapeutics, Inc.
Terrie Curran
director
$956k
38,200 shares
-110%
20Weak
ARQTsell 3
Arcutis Biotherapeutics, Inc.
Terrie Curran
director
$28k
1,072 shares
-4%
36Weak
ARQTsell 3
Arcutis Biotherapeutics, Inc.
Patrick Burnett
See Remarks
$46k
1,697 shares
-1%
10Weak
ARQTsell 510b5-1
Arcutis Biotherapeutics, Inc.
Howard G. Welgus
director
$124k
4,730 shares
-11%
36Weak
ARQTsell 5
Arcutis Biotherapeutics, Inc.
Patrick Burnett
See Remarks
$395k
15,000 shares
-12%
20Weak
ARQTsell 410b5-1
Arcutis Biotherapeutics, Inc.
Todd Franklin Watanabe
See Remarks
$114k
4,375 shares
-1%
15Weak
ARQTsell 410b5-1
Arcutis Biotherapeutics, Inc.
Masaru Matsuda
See Remarks
$32k
1,230 shares
-1%

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.

Halley E Gilbert sold $455k of ARQT | InsiderTell