Matthew Richard Moore - 13 Feb 2024 Form 4 Insider Report for Arcutis Biotherapeutics, Inc. (ARQT)

Source evidence Original filing metadata and source links for verification. 5 source fields
SEC form
4
Accepted by SEC
15 Feb 2024, 18:47:43 UTC
Prior SEC filing
17 Jan 2024
Next SEC filing
06 Mar 2024
Source filing
View source filing
Reporting owner 1 detail
Reporting owner signature
/s/ John W. Smither, Attorney-in-Fact for Matthew Richard Moore

Key filing fact

Matthew Richard Moore filed Form 4 for Arcutis Biotherapeutics, Inc. (ARQT) on 15 Feb 2024.

Key facts

  • This page summarizes Matthew Richard Moore's Form 4 filing for Arcutis Biotherapeutics, Inc. (ARQT).
  • 10 reported transactions and 5 derivative rows are listed below.
  • Accepted by SEC: 15 Feb 2024, 18:47.

Change

  • Previous filing in this sequence was filed on 17 Jan 2024.
  • Current net transaction value: $0.

Research use

  • This tells you what this filing adds before you inspect full transaction and derivative tables.
  • You can trace every row back to the original SEC filing document.

Evidence

Filed on Form 4

Ownership activity is grounded in SEC Form 4 disclosures.

View source filing

Reported non-derivative transactions

Shares, units, or other non-derivative securities reported in this filing.

ARQT transaction

Common Stock

Award

Transaction value
Shares
+26,666
Change %
+49%
Price
Shares after
81,256
Date
13 Feb 2024
Ownership
Direct
Footnotes
F1
ARQT transaction

Common Stock

Award

Transaction value
Shares
+26,666
Change %
+33%
Price
Shares after
107,922
Date
13 Feb 2024
Ownership
Direct
Footnotes
F1
ARQT transaction

Common Stock

Award

Transaction value
Shares
+17,650
Change %
+16%
Price
Shares after
125,572
Date
13 Feb 2024
Ownership
Direct
Footnotes
F2
ARQT transaction

Common Stock

Award

Transaction value
Shares
+19,750
Change %
+16%
Price
Shares after
145,322
Date
13 Feb 2024
Ownership
Direct
Footnotes
F3
ARQT transaction

Common Stock

Award

Transaction value
Shares
+4,166
Change %
+2.9%
Price
Shares after
149,488
Date
13 Feb 2024
Ownership
Direct
Footnotes
F4

Reported derivative securities

Options, warrants, convertible securities, or similar derivative positions disclosed in the filing.

ARQT transaction Derivative

Stock Option (Right to Buy)

Disposed to Issuer

Transaction value
Shares
-80,000
Change %
-100%
Price
Shares after
0
Date
13 Feb 2024
Ownership
Direct
Underlying class
Common Stock
Underlying amount
80,000
Exercise price
$28.72
Footnotes
F1, F5
ARQT transaction Derivative

Stock Option (Right to Buy)

Disposed to Issuer

Transaction value
Shares
-80,000
Change %
-100%
Price
Shares after
0
Date
13 Feb 2024
Ownership
Direct
Underlying class
Common Stock
Underlying amount
80,000
Exercise price
$28.72
Footnotes
F1, F6
ARQT transaction Derivative

Stock Option (Right to Buy)

Disposed to Issuer

Transaction value
Shares
-35,300
Change %
-100%
Price
Shares after
0
Date
13 Feb 2024
Ownership
Direct
Underlying class
Common Stock
Underlying amount
35,300
Exercise price
$17.67
Footnotes
F2, F7
ARQT transaction Derivative

Stock Option (Right to Buy)

Disposed to Issuer

Transaction value
Shares
-39,500
Change %
-100%
Price
Shares after
0
Date
13 Feb 2024
Ownership
Direct
Underlying class
Common Stock
Underlying amount
39,500
Exercise price
$15.82
Footnotes
F3, F8
ARQT transaction Derivative

Stock Option (Right to Buy)

Disposed to Issuer

Transaction value
Shares
-12,500
Change %
-100%
Price
Shares after
0
Date
13 Feb 2024
Ownership
Direct
Underlying class
Common Stock
Underlying amount
12,500
Exercise price
$28.72
Footnotes
F4, F9
* marks a reported price that did not pass the local price check.

Additional SEC filing notes

Filing notes and footnotes

Explanation of responses 9 footnotes

Footnote F1

On February 13, 2024, the Issuer canceled, pursuant to the Issuer's option exchange program, an option granted to the Reporting Person on January 19, 2021, and received in exchange for the option, these Restricted Stock Units ("RSUs") that vest in eight equal quarterly installments commencing May 1, 2024.

Footnote 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, 2022, and received in exchange for the option, these RSUs that vest in eight equal quarterly installments commencing May 1, 2024.

Footnote 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 2, 2023, and received in exchange for the option, these RSUs that vest in twelve equal quarterly installments commencing May 1, 2024.

Footnote F4

On February 13, 2024, the Issuer canceled, pursuant to the Issuer's option exchange program, performance-based option granted to the Reporting Person on January 19, 2021, and deemed earned on August 29, 2023, and received in exchange for the option, these RSUs that vest in eight equal quarterly installments commencing May 1, 2024.

Footnote F5

The canceled option vested as to 1/4 of the total shares on July 20, 2021, and then 1/48 of the total shares vest monthly thereafter, with 100% of the total shares vesting on July 20, 2024, subject to the Reporting Person's provision of service to the Issuer on each vesting date.

Footnote F6

The canceled option vested as to 1/4 of the total shares on January 11, 2022, and then 1/48 of the total shares vest monthly thereafter, with 100% of the total shares vesting on January 11, 2025, subject to the Reporting Person's provision of service to the Issuer on each vesting date.

Footnote F7

The canceled option vested as to 1/48 of the shares 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 on each vesting date.

Footnote F8

The canceled option vested as to 1/48 of the shares 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 on each vesting date.

Footnote F9

The canceled option vested as to 1/48 of the shares vest on each monthly anniversary of the milestone vesting commencement date, beginning on September 29, 2023, subject to the Reporting Person's provision of service to the Issuer on each vesting date.

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