Skip to content
sellModerate cluster of 710b5-1 plan

Keith R Leonard sold $997k of ARQT

director at Arcutis Biotherapeutics, Inc.. 39,272 shares at an average of $25.39, traded Mar 2, 2026, filed Mar 4, 2026.

Warning score
40
Value
$997k
39,272 shares
Holdings after
22,123
-64% from before
From 52-week low
+97%
low $12.59, close $24.76
From 52-week high
-21%
high $31.20, as of Mar 2, 2026

Score components

  • Role
    Director
    +15
  • Trade size
    $997k at market
    +25
  • Share of holdings sold
    Sold 64% of holdings
    +20
  • Cluster
    7 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 Mar 4, 2026: +10.2%SPY +14.5% · excess -4.3%

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 0001628280-26-014642, as filed. Open on EDGAR

DateTransactionSharesPriceValueHoldings afterFiled
Mar 2, 2026MOption exercise
Common Stock10b5-1
+27,052$8.63$233k49,175Mar 4, 2026
Mar 2, 2026MOption exercise
Common Stock10b5-1
+12,220$7.51$92k61,395Mar 4, 2026
Mar 2, 2026SOpen-market sale
Common Stock10b5-1
-39,272$25.39$997k22,123Mar 4, 2026
Mar 2, 2026MOption exercise
Stock Option (right to buy)derivative10b5-1
-27,052$0.00$00Mar 4, 2026
Mar 2, 2026MOption exercise
Stock Option (right to buy)derivative10b5-1
-12,220$0.00$00Mar 4, 2026

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%
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%
17Weak
ARQTsell 610b5-1
Arcutis Biotherapeutics, Inc.
Larry Todd Edwards
See Remarks
$52k
2,052 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.

Keith R Leonard sold $997k of ARQT | InsiderTell