Arcutis Biotherapeutics (ARQT) CEO Todd Watanabe sells 19,833 shares

Rhea-AI Filing Summary

Arcutis Biotherapeutics President and CEO Todd Watanabe, who also serves as a director, sold 19,833 shares of common stock on February 2, 2026 at a weighted average price of $25.4984 per share. The sale was made to cover tax withholding obligations arising from the vesting of previously granted restricted stock units.

After this transaction, Watanabe beneficially owned 721,306 common shares directly. Additional indirect holdings are reported through several entities, including trusts and an LLC, with reported positions of 25,410 shares, 25,410 shares, 57,358 shares, and 124,956 shares, where he disclaims beneficial ownership beyond his pecuniary interest.

Insider Trade Summary

Net Seller: 19,833 shares ($505,710)

Net Sell 5 txns

Insider Watanabe Todd

Role See Remarks

Sold 19,833 shs ($506K)

Type	Security	Shares	Price	Value
Sale	Common Stock	19,833	$25.4984	$506K
holding	Common Stock	--	--	--
holding	Common Stock	--	--	--
holding	Common Stock	--	--	--
holding	Common Stock	--	--	--

Holdings After Transaction: Common Stock — 721,306 shares (Direct); Common Stock — 25,410 shares (Indirect, By Trust)

Footnotes (1)

1. The sale reported on this Form 4 represents shares sold by the Reporting Person to cover tax withholding obligation in connection with the vesting of Restricted Stock Units ("RSUs"), granted on January 12, 2024, in which 25% of the RSUs vest annually on February 1, (the "Vesting Commencement Date"), of each year beginning on February 1, 2025, subject to the Reporting Person's continued service to the Issuer. The price reported in Column 4 is a weighted average sale price. The shares were sold in multiple transactions at prices ranging from $24.745 to $25.68, 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. Includes 602 shares purchased under the Issuer's Employee Stock Purchase Plan on November 30, 2025. 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. 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. 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. 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.

Form 4 Insider Transactions: What Each Field Means →

SEC Form 4

FORM 4

UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934
or Section 30(h) of the Investment Company Act of 1940

OMB APPROVAL

OMB Number:			3235-0287
Estimated average burden
hours per response:			0.5

Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).

X

Check this box to indicate that a transaction was made pursuant to a contract, instruction or written plan for the purchase or sale of equity securities of the issuer that is intended to satisfy the affirmative defense conditions of Rule 10b5-1(c). See Instruction 10.

1. Name and Address of Reporting Person^*

Watanabe Todd

(Last) (First) (Middle)

C/O ARCUTIS BIOTHERAPEUTICS, INC.

3027 TOWNSGATE ROAD, SUITE 300

(Street)

WESTLAKE VILLAGE CA 91361

(City) (State) (Zip)

2. Issuer Name and Ticker or Trading Symbol
Arcutis Biotherapeutics, Inc. [ ARQT ]

5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)

X	Director		10% Owner
X	Officer (give title below)		Other (specify below)
	See Remarks

3. Date of Earliest Transaction (Month/Day/Year)
02/02/2026

4. If Amendment, Date of Original Filed (Month/Day/Year)

6. Individual or Joint/Group Filing (Check Applicable Line)

X	Form filed by One Reporting Person
	Form filed by More than One Reporting Person

Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1. Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	3. Transaction Code (Instr. 8)		4. Securities Acquired (A) or Disposed Of (D) (Instr. 3, 4 and 5)			5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4)	6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)
			Code	V	Amount	(A) or (D)	Price
Common Stock	02/02/2026		S(1)		19,833	D	$25.4984(2)	721,306(3)	D
Common Stock								25,410	I	By Trust(4)
Common Stock								25,410	I	By Trust(5)
Common Stock								57,358	I	By LLC(6)
Common Stock								124,956	I	By Trust(7)

Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 3)	2. Conversion or Exercise Price of Derivative Security	3. Transaction Date (Month/Day/Year)	3A. Deemed Execution Date, if any (Month/Day/Year)	4. Transaction Code (Instr. 8)		5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5)		6. Date Exercisable and Expiration Date (Month/Day/Year)		7. Title and Amount of Securities Underlying Derivative Security (Instr. 3 and 4)		8. Price of Derivative Security (Instr. 5)	9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4)	10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)
				Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares

Explanation of Responses:

1. The sale reported on this Form 4 represents shares sold by the Reporting Person to cover tax withholding obligation in connection with the vesting of Restricted Stock Units ("RSUs"), granted on January 12, 2024, in which 25% of the RSUs vest annually on February 1, (the "Vesting Commencement Date"), of each year beginning on February 1, 2025, subject to the Reporting Person's continued service to the Issuer.

2. The price reported in Column 4 is a weighted average sale price. The shares were sold in multiple transactions at prices ranging from $24.745 to $25.68, 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.

3. Includes 602 shares purchased under the Issuer's Employee Stock Purchase Plan on November 30, 2025.

4. 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.

5. 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.

6. 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.

7. 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.

Remarks:

Reporting Person's title: President and Chief Executive Officer

	/s/ Latha Vairavan, as Attorney-in-Fact for Todd Franklin Watanabe	02/04/2026
	** Signature of Reporting Person	Date
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* If the form is filed by more than one reporting person, see Instruction 4 (b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB Number.

FAQ

What insider transaction did Arcutis Biotherapeutics (ARQT) report for Todd Watanabe?

Arcutis Biotherapeutics reported that President and CEO Todd Watanabe sold 19,833 shares of common stock on February 2, 2026. The sale was executed at a weighted average price of $25.4984 per share in connection with tax withholding on vested restricted stock units.

Why did Arcutis Biotherapeutics (ARQT) CEO Todd Watanabe sell 19,833 shares?

The 19,833-share sale by CEO Todd Watanabe was made to cover tax withholding obligations triggered by the vesting of restricted stock units granted on January 12, 2024. Twenty-five percent of those RSUs vest annually starting February 1, 2025, subject to his continued service.

What price range did the Arcutis (ARQT) insider sale by Todd Watanabe occur at?

The filing shows a weighted average sale price of $25.4984 per share for Todd Watanabe’s 19,833-share sale. The underlying trades occurred in multiple transactions, with individual prices ranging from $24.745 to $25.68 per share, according to the reported footnote.

How many Arcutis (ARQT) shares does CEO Todd Watanabe hold after the reported sale?

Following the February 2, 2026 transaction, CEO Todd Watanabe beneficially owned 721,306 Arcutis common shares directly. The report also lists additional indirect holdings through various trusts and an LLC, where he disclaims beneficial ownership except to the extent of his pecuniary interest.

What indirect Arcutis (ARQT) shareholdings related to Todd Watanabe are reported?

Indirect holdings associated with Todd Watanabe include 25,410 shares in The John Franklin Watanabe Trust, 25,410 shares in The Anderson Prest Watanabe Irrevocable Trust, 57,358 shares in Watanabe Ventures, LLC, and 124,956 shares in The Watanabe 2016 Irrevocable Trust, with beneficial ownership disclaimed beyond his pecuniary interest.

What is Todd Watanabe’s role at Arcutis Biotherapeutics (ARQT) in this Form 4 filing?

In the Form 4, Todd Watanabe is identified as both a director and an officer of Arcutis Biotherapeutics, serving as President and Chief Executive Officer. The filing reports his direct sale of shares and various indirect holdings through trusts and an LLC linked to his family and related entities.