Patrick Burnett - 10 Jul 2025 Form 4 Insider Report for Arcutis Biotherapeutics, Inc. (ARQT)

Role
Reporting Person's Title: Executive Vice President and Chief Medical Officer
Signature
/s/ Latha Vairavan, Attorney-in-Fact for Patrick Burnett
Issuer symbol
ARQT
Transactions as of
10 Jul 2025
Net transactions value
-$432,700
Form type
4
Filing time
14 Jul 2025, 16:02:23 UTC
Previous filing
09 May 2025
Next filing
05 Aug 2025
SEC
View on sec.gov

Reporting Owners (1)

Name Relationship Address Signature Signature date CIK
Burnett Patrick Reporting Person's Title: Executive Vice President and Chief Medical Officer C/O ARCUTIS BIOTHERAPEUTICS, INC., 3027 TOWNSGATE ROAD, SUITE 300, WESTLAKE VILLAGE /s/ Latha Vairavan, Attorney-in-Fact for Patrick Burnett 14 Jul 2025 0001741987

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction ARQT Common Stock Options Exercise $0 +23,000 +20% $0.000000 138,468 10 Jul 2025 Direct F1
transaction ARQT Common Stock Sale $346,046 -23,000 -17% $15.05 115,468 10 Jul 2025 Direct F1, F2
transaction ARQT Common Stock Options Exercise $0 +5,750 +5% $0.000000 121,218 14 Jul 2025 Direct F1
transaction ARQT Common Stock Sale $86,654 -5,750 -4.7% $15.07 115,468 14 Jul 2025 Direct F1, F3

Derivative Securities (e.g., puts, calls, warrants, options, convertible securities)

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) Options Exercise $0 -23,000 -11% $0.000000 178,250 10 Jul 2025 Common Stock 23,000 $3.64 Direct F1, F4
transaction ARQT Stock Option (right to buy) Options Exercise $0 -5,750 -3.2% $0.000000 172,500 14 Jul 2025 Common Stock 5,750 $3.64 Direct F1, F4
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Buy Plan / Sale Plan: These are also open market purchases/sales of shares, but in this case the transaction is part of a trading plan. Rule 10b5-1 allows insiders to setup a trading plan to buy/sell stocks over a certain period of time. Since the purchases/sales are predetermined, this protects the insiders from violating insider trading law.

Transaction was made pursuant to a contract, instruction or written plan for the purchase or sale of equity securities of the issuer that is intended to satisfy the affirmative defense conditions of Rule 10b5-1(c).

Explanation of Responses:

Id Content
F1 The transactions reported in this Form 4 were effected pursuant to a 10b5-1 trading plan adopted on December 12, 2024, by the Reporting Person, with a plan end date of February 27, 2026.
F2 The transaction was executed in multiple trades in prices ranging from $15.00 to $15.125, 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 The transaction was executed in multiple trades in prices ranging from $15.00 to $15.17, 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.
F4 On January 12, 2024, the Reporting Person was granted options, in which 1/48th of the shares subject to the option vest on each monthly anniversary measured from January 12, 2024 (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.

Remarks:

Reporting Person's Title: Executive Vice President and Chief Medical Officer