Form 4: Arcutis Biotherapeutics Director Sells Shares
Insider Transaction (Form 4)
Howard G. Welgus, a Director of Arcutis Biotherapeutics, Inc., sold 4,730 shares of common stock on August 17, 2026 for $26.18 per share.
Summary
- Option exercise/conversion: acquired 822 Common Stock at $6.52 ($5,361) on August 17, 2026; holds 37,931 after (Direct).
- Option exercise/conversion: acquired 1,019 Common Stock at $7.51 ($7,653) on August 17, 2026; holds 38,950 after (Direct).
- Option exercise/conversion: acquired 2,255 Common Stock at $8.63 ($19,461) on August 17, 2026; holds 41,205 after (Direct).
- Open-market sale: disposed of 4,730 Common Stock at $26.18 ($123,835) on August 17, 2026; holds 36,475 after (Direct).
- Option exercise/conversion: disposed of 822 Stock Option (right to buy) on August 17, 2026; holds 7,396 after (Direct).
- Option exercise/conversion: disposed of 1,019 Stock Option (right to buy) on August 17, 2026; holds 9,163 after (Direct).
- Option exercise/conversion: disposed of 2,255 Stock Option (right to buy) on August 17, 2026; holds 20,287 after (Direct).
Sentiment
Score: 4
Explanation: StockSavvy.ai views this as a mildly negative but low-conviction signal: an insider sold $123,835 of stock under a pre-arranged Rule 10b5-1 plan, which is typically routine.
Insider Transactions
Howard G. Welgus — Director
Transaction made under a Rule 10b5-1 trading plan.
| Date | Transaction | Security | Shares | Price | Value | Held After |
|---|---|---|---|---|---|---|
| 2026-08-17 | Option exercise/conversion | Common Stock | 822 | $7 | $5.4K | 37,931 |
| 2026-08-17 | Option exercise/conversion | Common Stock | 1,019 | $8 | $7.7K | 38,950 |
| 2026-08-17 | Option exercise/conversion | Common Stock | 2,255 | $9 | $19.5K | 41,205 |
| 2026-08-17 | Open-market sale | Common Stock | 4,730 | $26 | $123.8K | 36,475 |
| 2026-08-17 | Option exercise/conversion | Stock Option (right to buy) | 822 | — | — | 7,396 |
| 2026-08-17 | Option exercise/conversion | Stock Option (right to buy) | 1,019 | — | — | 9,163 |
| 2026-08-17 | Option exercise/conversion | Stock Option (right to buy) | 2,255 | — | — | 20,287 |
Key Dates
| Date | Description |
|---|---|
| 2026-08-17 | Option exercise/conversion (822 shares) |
| 2026-08-17 | Option exercise/conversion (1,019 shares) |
| 2026-08-17 | Option exercise/conversion (2,255 shares) |
| 2026-08-17 | Open-market sale (4,730 shares) |
| 2026-08-17 | Option exercise/conversion (822 shares) |
| 2026-08-17 | Option exercise/conversion (1,019 shares) |
| 2026-08-17 | Option exercise/conversion (2,255 shares) |
Keywords
insider transaction, Form 4, ARQT, Arcutis Biotherapeutics, Inc., bearish, Howard G. Welgus
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