4//SEC Filing
Burnett Patrick 4
Accession 0001741987-25-000010
CIK 0001787306other
Filed
Dec 16, 7:00 PM ET
Accepted
Dec 17, 5:53 PM ET
Size
9.9 KB
Accession
0001741987-25-000010
Insider Transaction Report
Form 4
Burnett Patrick
See Remarks
Transactions
- Exercise/Conversion
Common Stock
2025-12-15$3.64/sh+11,500$41,860→ 109,807 total - Sale
Common Stock
2025-12-15$28.94/sh−11,500$332,851→ 98,307 total - Exercise/Conversion
Stock Option (right to buy)
2025-12-15−11,500→ 143,750 totalExercise: $3.64Exp: 2034-01-12→ Common Stock (11,500 underlying)
Footnotes (4)
- [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]Due to a scrivener's error on the Reporting Person's Form 4 filed on November 5, 2025, the number of shares of common stock beneficially owned by the Reporting Person was inadvertently overstated by 18 shares. The corrected number of shares beneficially owned is reflected in this Form 4.
- [F3]The price reported in Column 4 is a weighted average sale price. The shares were sold in multiple transactions at prices ranging from $28.61 to $29.20, inclusive. 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.
Documents
Issuer
Arcutis Biotherapeutics, Inc.
CIK 0001787306
Entity typeother
Related Parties
1- filerCIK 0001741987
Filing Metadata
- Form type
- 4
- Filed
- Dec 16, 7:00 PM ET
- Accepted
- Dec 17, 5:53 PM ET
- Size
- 9.9 KB