Frazier Life Sciences VIII, L.P. - May 10, 2021 Form 4 Insider Report for Arcutis Biotherapeutics, Inc. (ARQT)

Role
10%+ Owner
Signature
Frazier Life Sciences VIII, L.P., By: FHM Life Sciences VIII, L.P., its general partner, By: FHM Life Sciences VIII, L.L.C., its general, partner, By: /s/ Steve R. Bailey, Chief Financial Officer
Stock symbol
ARQT
Transactions as of
May 10, 2021
Transactions value $
$0
Form type
4
Date filed
5/12/2021, 05:37 PM
Next filing
Sep 21, 2021

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction ARQT Common Stock Other $0 -2.11M -20% $0.00 8.43M May 10, 2021 Direct F1, F2
transaction ARQT Common Stock Other $0 +96.6K $0.00 96.6K May 10, 2021 By FHM Life Sciences VIII, L.P. F3, F4
transaction ARQT Common Stock Other $0 -96.6K -100% $0.00* 0 May 10, 2021 By FHM Life Sciences VIII, L.P. F4, F5
holding ARQT Common Stock 7 May 10, 2021 By FHM Life Sciences VIII, L.L.C. F6, F7
holding ARQT Common Stock 11.3K May 10, 2021 By Topper Group II LLC. F6, F8
holding ARQT Common Stock 19.4K May 10, 2021 By Topper Family Revocable Trust F6, F9
holding ARQT Common Stock 23.7K May 10, 2021 By The Heron Living Trust 11/30/2004 F6, F10
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Represents a pro rata in-kind stock distribution by Frazier Life Sciences VIII, L.P. ("FLS VIII") to its limited partners and general partner for no consideration.
F2 Represents shares held of record by FLS VIII. The general partner of FLS VIII is FHM Life Sciences VIII, L.P., and the general partner of FHM Life Sciences VIII, L.P. is FHM Life Sciences VIII, L.L.C. James Topper and Patrick Heron are the sole managing members of FHM Life Sciences VIII, L.L.C. and share voting and investment power of the securities held by FLS VIII. Dr. Topper and Dr. Heron disclaim beneficial ownership of such securities except to the extent of their pecuniary interest therein.
F3 Reflects shares of Common Stock received from FLS VIII in the in-kind stock distribution described herein.
F4 Represents shares held of record by FHM Life Sciences VIII, L.P. The general partner of FHM Life Sciences VIII, L.P. is FHM Life Sciences VIII, L.L.C. Dr. Topper and Dr. Heron are the sole managing members of FHM Life Sciences VIII, L.L.C. and share voting and investment power of the securities held by FHM Life Sciences VIII, L.P. Dr. Topper and Dr. Heron disclaim beneficial ownership of such securities except to the extent of their pecuniary interest therein.
F5 Represents a pro rata in-kind stock distribution by FHM Life Sciences VIII, L.P. to its limited partners for no consideration.
F6 Reflects shares of Common Stock received from FHM Life Sciences VIII, L.P. in the in-kind stock distribution described herein.
F7 Represents shares held of record by FHM Life Sciences VIII, L.L.C. Dr. Topper and Dr. Heron are the sole managing members of FHM Life Sciences VIII, L.L.C. and share voting and investment power of the securities held by FHM Life Sciences VIII, L.L.C. Dr. Topper and Dr. Heron disclaim beneficial ownership of such securities except to the extent of their pecuniary interest therein.
F8 Dr. Topper is a manager of Topper Group II LLC and shares voting and investment power over the shares held by Topper Group II LLC.
F9 Dr. Topper is a trustee of the Topper Family Revocable Trust and has voting and investment power over the shares held by Topper Family Revocable Trust.
F10 Dr. Heron is the co-trustee of The Heron Living Trust 11/30/2004 and has voting and investment power of the securities held by The Heron Living Trust 11/30/2004.