Kenneth A. Lock - Feb 28, 2023 Form 4 Insider Report for Arcutis Biotherapeutics, Inc. (ARQT)

Role
Chief Commercial Officer
Signature
/s/ Scott Burrows, as Attorney-in-Fact for Kenneth A. Lock
Stock symbol
ARQT
Transactions as of
Feb 28, 2023
Transactions value $
-$37,796
Form type
4
Date filed
3/2/2023, 06:04 PM
Previous filing
Mar 7, 2022
Next filing
Mar 6, 2023

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction ARQT Common Stock Sale -$15.1K -936 -2.05% $16.17 44.7K Feb 28, 2023 Direct F1, F2, F3
transaction ARQT Common Stock Sale -$22.4K -1.41K -3.16% $15.82 43.3K Mar 2, 2023 Direct F1, F4
transaction ARQT Common Stock Sale -$297 -18 -0.04% $16.52 43.3K Mar 2, 2023 Direct F1
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 The sale was effected pursuant to the Reporting Person's Rule 10b5-1 trading plan to satisfy tax withholding obligations in connection with the vesting of restricted stock units.
F2 The transaction was executed in multiple trades in prices ranging from $15.990 to $16.320, inclusive. The price reported in Column 4 above reflects the weighted average sale price. The Reporting Person hereby undertakes to provide to the Securities and Exchange Commission staff, the Issuer, or a security holder of the Issuer, upon request, full information regarding the number of shares sold at each respective price within the range set forth in this footnote.
F3 Includes 1,617 shares acquired pursuant to the Issuer's Employee Stock Purchase Plan on May 31, 2022.
F4 The transaction was executed in multiple trades in prices ranging from $15.470 to $16.460, inclusive. The price reported in Column 4 above reflects the weighted average sale price. The Reporting Person hereby undertakes to provide to the Securities and Exchange Commission staff, the Issuer, or a security holder of the Issuer, upon request, full information regarding the number of shares sold at each respective price within the range set forth in this footnote.