Arcutis Biotherapeutics (ARQT) EVP sells 2,490 shares in 10b5-1 plan
Rhea-AI Filing Summary
Arcutis Biotherapeutics, Inc. Executive Vice President and Chief Medical Officer Patrick Burnett reported a planned sale of company stock. On January 5, 2026, he sold 2,490 shares of Arcutis common stock at a weighted average price of $28.9822 per share under a Rule 10b5-1 trading plan adopted on December 12, 2024, with a plan end date of February 27, 2026. After this transaction, he beneficially owned 94,120 shares of Arcutis common stock directly.
Positive
- None.
Negative
- None.
FAQ
How many Arcutis Biotherapeutics (ARQT) shares did Patrick Burnett sell?
Patrick Burnett sold 2,490 shares of Arcutis Biotherapeutics, Inc. common stock in the reported transaction.
What price did Patrick Burnett receive for his ARQT share sale?
The shares were sold at a weighted average price of $28.9822 per share, with individual sale prices ranging from $28.77 to $29.19.
How many Arcutis (ARQT) shares does Patrick Burnett own after this Form 4 transaction?
Following the reported sale, Patrick Burnett beneficially owned 94,120 shares of Arcutis Biotherapeutics, Inc. common stock directly.
Was the ARQT insider sale by Patrick Burnett made under a Rule 10b5-1 trading plan?
Yes. The sale was effected pursuant to a Rule 10b5-1 trading plan adopted on December 12, 2024, with a plan end date of February 27, 2026.
What is Patrick Burnett’s role at Arcutis Biotherapeutics (ARQT)?
Patrick Burnett is the company’s Executive Vice President and Chief Medical Officer, as indicated in the filing remarks.
Can investors obtain detailed pricing for Patrick Burnett’s ARQT share sale?
Yes. The filing states that the reporting person will provide, upon request, full information on the number of shares sold at each price within the $28.77 to $29.19 range.