Arcutis CEO sells stock for RSU tax withholding
Rhea-AI Filing Summary
Arcutis Biotherapeutics President and CEO Todd Watanabe sold 4375.0000 shares of common stock on August 3, 2026 at a weighted average price of $26.1168 (with individual prices from $25.72 to $26.69) to cover tax withholding obligations arising from the vesting of Restricted Stock Units, in a transaction reported under a Rule 10b5-1 trading plan. After this sale he directly held 717203.0000 shares, including 823 acquired through the Employee Stock Purchase Plan, and additional shares are held indirectly through trusts and Watanabe Ventures, LLC, for which he disclaims beneficial ownership except to the extent of his pecuniary interest.
Positive
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Negative
- None.
Insider Trade Summary 10b5-1
Net Seller: 4,375 shares
Net Sell
5 txns
Insider
Watanabe Todd
Role
See Remarks
Sold
4,375 shs ($114K)
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Sale | Common Stock F1, F2, F3 | 4,375 | $26.1168 | $114K |
| holding | Common Stock F4 | -- | -- | -- |
| holding | Common Stock F5 | -- | -- | -- |
| holding | Common Stock F6 | -- | -- | -- |
| holding | Common Stock F7 | -- | -- | -- |
Holdings After Transaction:
Common Stock — 717,203 shares (Direct);
Common Stock — 175,776 shares (Indirect, By Trust);
Common Stock — 57,358 shares (Indirect, By LLC)
Footnotes (7)
- F1. The sale reported on this Form 4 represents shares sold by the Reporting Person to cover tax withholding obligations in connection with the vesting of Restricted Stock Units.
- F2. The price reported in Column 4 is a weighted average sale price. The shares were sold in multiple transactions at prices ranging from $25.72 to $26.69, 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.
- F3. Includes 823 shares purchased under the Issuer's Employee Stock Purchase Plan on May 31, 2026.
- F4. The securities are held of record by The John Franklin Watanabe Trust, of which the Reporting Person is the 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.
- F5. The securities are held of record by The Anderson Prest Watanabe Irrevocable Trust, of which the Reporting Person is the 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.
- F6. The securities are held of record by Watanabe Ventures, LLC, of which the Reporting Person is the Chief Operating Officer. 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.
- F7. The securities are held of record by The Watanabe 2016 Irrevocable Trust, of which the Reporting Person's children are beneficiaries. 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
Shares sold: 4375.0000 shares
Weighted average sale price: $26.1168 per share
Direct holdings after sale: 717203.0000 shares
+2 more
5 metrics
Shares sold
4375.0000 shares
Common stock sale on August 3, 2026 to cover RSU tax withholding
Weighted average sale price
$26.1168 per share
Shares sold in multiple transactions at prices from $25.72 to $26.69
Direct holdings after sale
717203.0000 shares
Common stock directly held by Todd Watanabe following the August 3, 2026 sale
Indirect LLC holdings
57358.0000 shares
Common stock held of record by Watanabe Ventures, LLC
ESPP shares included
823 shares
Shares purchased under the Employee Stock Purchase Plan on May 31, 2026
Key Terms
Restricted Stock Units, Employee Stock Purchase Plan, weighted average sale price, pecuniary interest, +1 more
5 terms
Restricted Stock Units financial
"to cover tax withholding obligations in connection with the vesting of Restricted Stock Units"
Restricted stock units are a type of company reward where employees are promised shares of stock, but they only fully own these shares after meeting certain conditions, like staying with the company for a set time. They matter because they can become valuable assets and are often used to motivate employees to help the company succeed.
Employee Stock Purchase Plan financial
"Includes 823 shares purchased under the Issuer's Employee Stock Purchase Plan"
An employee stock purchase plan is a company program that lets workers buy shares through small payroll deductions, often at a discount to the market price and after a set offering period. Think of it like a workplace savings plan that turns into ownership: it encourages employees to share in the company’s success and can create predictable buying or selling of stock that investors watch because it affects supply, demand and employee incentives.
weighted average sale price financial
"The price reported in Column 4 is a weighted average sale price"
pecuniary interest financial
"disclaims beneficial ownership of such securities except to the extent of his pecuniary interest"
beneficial ownership financial
"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.
FAQ
AI-generated questions and answers. How Rhea-AI works. Not financial advice.
What insider transaction did ARQT CEO Todd Watanabe report?
Todd Watanabe reported a sale of 4375.0000 ARQT common shares on August 3, 2026. The sale was to cover tax withholding tied to vesting Restricted Stock Units and was reported under a Rule 10b5-1 trading plan.
What does the Rule 10b5-1 indication mean for this ARQT insider trade?
The filing’s Rule 10b5-1 checkbox indicates the transaction was made under a pre-arranged trading plan. Such plans are designed to execute trades automatically, reducing the significance of trade timing as a signal of insider sentiment.
AI-generated analysis. How Rhea-AI works. Not financial advice.
