Form 4 for ARQT Arcutis Biotherapeutics, Inc.
Accepted 2022-06-02 00:00:00 ET · period of report 2022-06-01 · accession 0001567619-22-012144 · SEC index · Original document
Summary rows
Aggregated the way they appear in lists: one row per insider, transaction code and security table.
| X | Filed | Traded | Ticker | Insider | Title | Type | Price | Qty | Owned | ΔOwn | Value |
|---|---|---|---|---|---|---|---|---|---|---|---|
| D | 2022-06-02 | 2022-06-01 | ARQT | Welgus Howard G. | Dir | M - OptEx | $1.68 | +2,500 | 184.4K | +1% | +$4,200 |
| D | 2022-06-02 | 2022-06-01 | ARQT | Welgus Howard G. | Dir | S - Sale+OE | $20.62 | -2,500 | 181.9K | -1% | -$51.5K |
| D | 2022-06-02 | 2022-06-01 | ARQT | Welgus Howard G. | Dir | M - OptEx | $0.00 | -2,500 | 41.5K | -6% | $0 |
Purchase Sale Sale after option exercise All abbreviations
Every reported transaction
| # | Table | Security | Date | Code | A/D | Shares | Price | Owned after | Own | Exercise / expiry | Underlying | Footnotes |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 1 | Common | Common Stock | 2022-06-01 | M | A | 2,500 | $1.68 | 184,396 | D | — | — | (F2) Includes 4,500 Restricted Stock Units ("RSUs"). The Reporting Person is entitled to receive one (1) share of common stock for each one (1) RSU upon the vesting thereof. |
| 2 | Common | Common Stock | 2022-06-01 | S | D | 2,500 | $20.62 | 181,896 | D | — | — | (F3) The transaction was executed in multiple trades in prices ranging from $20.285 to $20.92, 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. (F2) Includes 4,500 Restricted Stock Units ("RSUs"). The Reporting Person is entitled to receive one (1) share of common stock for each one (1) RSU upon the vesting thereof. |
| 3 | Derivative | Stock Option (Right to Buy) | 2022-06-01 | M | D | 2,500 | $0.00 | 41,478 | D | $1.68 · — to 2029-03-13 | 2,500 Common Stock | (F5) The option began vesting on March 13, 2019 and will vest monthly over a four year period, subject to the Reporting Person's continuous provision of services to the Issuer on each vesting date. The option contains an early-exercise provision and is exercisable as to unvested shares, subject to the Issuer's right of repurchase. |