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sellWeak cluster of 510b5-1 plan

Howard G. Welgus sold $124k of ARQT

director at Arcutis Biotherapeutics, Inc.. 4,730 shares at an average of $26.18, traded Aug 17, 2026, filed Aug 19, 2026.

Warning score
10
Value
$124k
4,730 shares
Holdings after
36,475
-11% from before
From 52-week low
+67%
low $15.32, close $25.61
From 52-week high
-18%
high $31.20, as of Aug 17, 2026

Score components

  • Role
    Director
    +15
  • Trade size
    $124k at market
    +10
  • Share of holdings sold
    Sold 11% of holdings
    +5
  • Cluster
    5 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 13, 2026 · close 26.09
Since filing Aug 19, 2026: -1.4%SPY +1.4% · excess -2.8%

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 0001628280-26-058008, as filed. Open on EDGAR

DateTransactionSharesPriceValueHoldings afterFiled
Aug 17, 2026MOption exercise
Common Stock10b5-1
+822$6.52$5,36137,931Aug 19, 2026
Aug 17, 2026MOption exercise
Common Stock10b5-1
+1,019$7.51$7,65338,950Aug 19, 2026
Aug 17, 2026MOption exercise
Common Stock10b5-1
+2,255$8.63$19k41,205Aug 19, 2026
Aug 17, 2026SOpen-market sale
Common Stock10b5-1
-4,730$26.18$124k36,475Aug 19, 2026
Aug 17, 2026MOption exercise
Stock Option (right to buy)derivative10b5-1
-822$0.00$07,396Aug 19, 2026
Aug 17, 2026MOption exercise
Stock Option (right to buy)derivative10b5-1
-1,019$0.00$09,163Aug 19, 2026
Aug 17, 2026MOption exercise
Stock Option (right to buy)derivative10b5-1
-2,255$0.00$020,287Aug 19, 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%
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%
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%
10Weak
ARQTsell 410b5-1
Arcutis Biotherapeutics, Inc.
Patrick Burnett
See Remarks
$25k
955 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.

Howard G. Welgus sold $124k of ARQT | InsiderTell