Arcutis Biotherapeutics (ARQT) director trust reports 187,500 shares on Form 3
Rhea-AI Filing Summary
Arcutis Biotherapeutics, Inc. director Christopher Peetz filed an initial ownership report listing 187,500 shares of common stock held indirectly through The Peetz Family Trust dated February 15, 2017. He is a trustee and disclaims beneficial ownership beyond his pecuniary interest.
Positive
- None.
Negative
- None.
Insider Trade Summary
1 transaction reported
Mixed
1 txn
Insider
Peetz Christopher
Role
Director
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| holding | Common Stock F1 | -- | -- | -- |
Holdings After Transaction:
Common Stock — 187,500 shares (Indirect, By The Peetz Family Trust)
Footnotes (1)
- F1. Shares held by The Peetz Family Trust dated February 15, 2017, of which the Reporting Person is a 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.
Key Figures
Indirectly held common shares: 187,500 shares
Trust date: February 15, 2017
2 metrics
Indirectly held common shares
187,500 shares
Common stock reported for The Peetz Family Trust as of 2026-07-15
Trust date
February 15, 2017
Date of The Peetz Family Trust holding Arcutis shares
Key Terms
beneficial ownership, pecuniary interest, Section 16, trustee
4 terms
beneficial ownership regulatory
"shall not be deemed an admission of beneficial ownership of such securities"
Beneficial ownership means the person or entity that actually enjoys the benefits of owning shares or other assets — such as receiving dividends, voting rights, or price gains — even if the legal title is held in another name. For investors it matters because knowing who truly controls and profits from a company reveals who can influence decisions, exposes potential conflicts of interest or hidden concentration of power, and affects transparency and risk in the stock.
pecuniary interest financial
"disclaims beneficial ownership of such securities except to the extent of his pecuniary interest"
Section 16 regulatory
"beneficial ownership of such securities for purposes of Section 16 or for any other purposes"
Section 16 is a U.S. securities law rule that governs the trading and disclosure obligations of company insiders — typically officers, directors and large shareholders — to promote transparency and deter unfair profit-taking. It requires insiders to publicly report their stock trades and allows companies or the issuer to reclaim quick, short-term profits from certain insider trades, like a scoreboard and a refund policy that help investors see and limit possible insider advantage.
trustee other
"Shares held by The Peetz Family Trust ... of which the Reporting Person is a trustee"
A trustee is a person or institution legally appointed to hold and manage assets or enforce an agreement on behalf of other people (beneficiaries). Think of a trustee as a neutral referee or custodian who must act in the beneficiaries’ best interests, follow the trust or contract rules, and handle distributions, recordkeeping and enforcement. Investors care because a trustworthy trustee protects their rights, ensures promised payments or remedies are delivered, and can influence recoveries if things go wrong.
AI-generated analysis. How Rhea-AI works. Not financial advice.
FAQ
What insider ownership did Arcutis Biotherapeutics (ARQT) report for Christopher Peetz?
Arcutis reported that Christopher Peetz has an indirect interest in 187,500 shares of common stock, held through The Peetz Family Trust. This is an initial ownership report on Form 3, not a new purchase or sale of ARQT shares.
Does Christopher Peetz claim full beneficial ownership of his ARQT holdings?
No. The footnote explains he disclaims beneficial ownership of the trust-held ARQT shares except for his pecuniary interest. It further states that including these securities should not be viewed as admitting beneficial ownership for Section 16 or any other purposes.
What is the significance of The Peetz Family Trust in the ARQT Form 3 filing?
The Peetz Family Trust, dated February 15, 2017, is the entity that actually holds the 187,500 ARQT shares. Christopher Peetz reports the position because he is a trustee, but he limits his claimed interest to whatever economic stake he personally has.