| Type | Sym | Class | Transaction | Value $ | Shares | Change % | * Price $ | Shares After | Date | Ownership | Footnotes |
|---|---|---|---|---|---|---|---|---|---|---|---|
| transaction | ARQT | Common Stock | Award | +21.7K | +3.46% | 649K | Feb 13, 2024 | Direct | F1 | ||
| transaction | ARQT | Common Stock | Award | +33.1K | +5.1% | 682K | Feb 13, 2024 | Direct | F2 | ||
| transaction | ARQT | Common Stock | Award | +94.1K | +13.8% | 776K | Feb 13, 2024 | Direct | F3 | ||
| transaction | ARQT | Common Stock | Award | +116K | +14.97% | 892K | Feb 13, 2024 | Direct | F4 | ||
| holding | ARQT | Common Stock | 24.4K | Feb 13, 2024 | By Trust | F5 | |||||
| holding | ARQT | Common Stock | 24.4K | Feb 13, 2024 | By Trust | F6 | |||||
| holding | ARQT | Common Stock | 125K | Feb 13, 2024 | By Trust | F7 | |||||
| holding | ARQT | Common Stock | 57.4K | Feb 13, 2024 | By LLC | F8 |
| Type | Sym | Class | Transaction | Value $ | Shares | Change % | * Price $ | Shares After | Date | Underlying Class | Amount | Exercise Price | Ownership | Footnotes |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| transaction | ARQT | Stock Option (right to buy) | Disposed to Issuer | -65K | -100% | 0 | Feb 13, 2024 | Common Stock | 65K | $27.61 | Direct | F1, F9 | ||
| transaction | ARQT | Stock Option (right to buy) | Disposed to Issuer | -99.2K | -100% | 0 | Feb 13, 2024 | Common Stock | 99.2K | $32.44 | Direct | F2, F10 | ||
| transaction | ARQT | Stock Option (right to buy) | Disposed to Issuer | -188K | -100% | 0 | Feb 13, 2024 | Common Stock | 188K | $17.67 | Direct | F3, F11 | ||
| transaction | ARQT | Stock Option (right to buy) | Disposed to Issuer | -232K | -100% | 0 | Feb 13, 2024 | Common Stock | 232K | $15.82 | Direct | F4, F12 |
| Id | Content |
|---|---|
| F1 | On February 13, 2024, the Issuer canceled, pursuant to the Issuer's option exchange program, an option granted to the Reporting Person on February 27, 2020, and received in exchange for the option, these Restricted Stock Units ("RSUs") that vest in four equal quarterly installments commencing May 1, 2024. |
| F2 | On February 13, 2024, the Issuer canceled, pursuant to the Issuer's option exchange program, an option granted to the Reporting Person on March 3, 2021, and received in exchange for the option, these RSUs that vest in eight equal quarterly installments commencing May 1, 2024. |
| F3 | On February 13, 2024, the Issuer canceled, pursuant to the Issuer's option exchange program, an option granted to the Reporting Person on March 3, 2022, and received in exchange for the option, these RSUs that vest in eight equal quarterly installments commencing May 1, 2024. |
| F4 | On February 13, 2024, the Issuer canceled, pursuant to the Issuer's option exchange program, an option granted to the Reporting Person on March 2, 2023. and received in exchange for the option, these RSUs that vest in twelve equal quarterly installments commencing May 1, 2024. |
| F5 | The securities are held of record by The John Franklin Watanabe Trust, of which the Reporting Person is the trustee. The Reporting Person disclaims beneficial ownership of such securities except to the extent of his pecuniary interest therein, and the inclusion of these securities in this report shall not be deemed an admission of beneficial ownership of such securities for purposes of Section 16 or for any other purposes. |
| F6 | The securities are held of record by The Anderson Prest Watanabe Irrevocable Trust, of which the Reporting Person is the trustee. The Reporting Person disclaims beneficial ownership of such securities except to the extent of his pecuniary interest therein, and the inclusion of these securities in this report shall not be deemed an admission of beneficial ownership of such securities for purposes of Section 16 or for any other purposes. |
| F7 | The securities are held of record by The Watanabe 2016 Irrevocable Trust, of which the Reporting Person's children are beneficiaries. The Reporting Person disclaims beneficial ownership of such securities except to the extent of his pecuniary interest therein, and the inclusion of these securities in this report shall not be deemed an admission of beneficial ownership of such securities for purposes of Section 16 or for any other purposes. |
| F8 | The securities are held of record by Watanabe Ventures, LLC, of which the Reporting Person is the Chief Operating Officer. The Reporting Person disclaims beneficial ownership of such securities except to the extent of his pecuniary interest therein, and the inclusion of these securities in this report shall not be deemed an admission of beneficial ownership of such securities for purposes of Section 16 or for any other purposes. |
| F9 | The canceled option vest in equal monthly installments over a period of 48 months commencing on the grant date so that 100% of the shares become fully vested and exercisable on February 27, 2024, subject to the Reporting Person's provision of service to the Issuer on each vesting date. |
| F10 | The canceled option vest as to 1/48 of the shares subject to the option vest on each monthly anniversary measured from March 3, 2021 (the "Vesting Commencement Date"), such that 100% of the shares subject to the option will be fully vested and exercisable on the fourth anniversary of the Vesting Commencement Date, subject to the Reporting Person's continued service to the Issuer. |
| F11 | The canceled option vest as to 1/48 of the shares subject to the option vest on each monthly anniversary measured from March 1, 2022 (the "Vesting Commencement Date"), such that 100% of the shares subject to the option will be fully vested and exercisable on the fourth anniversary of the Vesting Commencement Date, subject to the Reporting Person's continued service to the Issuer. |
| F12 | The canceled option vest as to 1/48 of the shares subject to the option vest on each monthly anniversary measured from March 1, 2023 (the "Vesting Commencement Date"), such that 100% of the shares subject to the option will be fully vested and exercisable on the fourth anniversary of the Vesting Commencement Date, subject to the Reporting Person's continued service to the Issuer. |
Reporting Person's title: President and Chief Executive Officer