Arcutis CEO Todd Watanabe sells 4,377 shares
The sale covered tax withholding tied to Restricted Stock Unit vesting; Watanabe reported 712,826 directly held shares afterward.
Sentiment and the balance of points
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Form Type
4
Rhea-AI Filing Summary
Arcutis Biotherapeutics, Inc. (ARQT) President and Chief Executive Officer Todd Watanabe reported a direct sale of 4,377 shares on November 2, 2026, to cover tax withholding obligations tied to vesting of Restricted Stock Units. The weighted average sale price was $31.8634 per share; transactions were priced from $31.57 to $32.23 per share. He reported 712,826 directly held shares afterward. No Rule 10b5-1 plan is reported for the transaction.
Insider Trade Summary
Net Seller: 4,377 shares
Net Sell
1 txn
Insider
Watanabe Todd
Role
See Remarks
Sold
4,377 shs ($139K)
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Sale | Common Stock F1, F2 | 4,377 | $31.8634 | $139K |
| Holding | Common Stock F3 | -- | -- | -- |
| Holding | Common Stock F4 | -- | -- | -- |
| Holding | Common Stock F5 | -- | -- | -- |
| Holding | Common Stock F6 | -- | -- | -- |
Holdings After Transaction:
Common Stock — 712,826 shares (Direct);
Common Stock — 175,776 shares (Indirect, By Trust);
Common Stock — 57,358 shares (Indirect, By LLC)
Footnotes (6)
- 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 $31.57 to $32.23, 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. 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.
- F4. 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.
- F5. 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.
- F6. 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: 4,377 shares
Weighted average sale price: $31.8634 per share
Sale price range: $31.57–$32.23 per share
+2 more
5 metrics
Shares sold
4,377 shares
Direct sale on November 2, 2026, to cover tax withholding obligations tied to Restricted Stock Unit vesting
Weighted average sale price
$31.8634 per share
Sale on November 2, 2026
Sale price range
$31.57–$32.23 per share
Prices for the multiple transactions on November 2, 2026
Direct shares after transaction
712,826 shares
Todd Watanabe's reported direct holdings after the November 2, 2026 sale
Watanabe Ventures, LLC shares
57,358 shares
Held of record by Watanabe Ventures, LLC; Todd Watanabe disclaims beneficial ownership except to the extent of his pecuniary interest
Key Terms
Restricted Stock Units, weighted average sale price, tax withholding obligations, pecuniary interest
4 terms
Restricted Stock Units technical
"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.
weighted average sale price financial
"a weighted average sale price"
tax withholding obligations financial
"to cover tax withholding obligations"
pecuniary interest regulatory
"except to the extent of his pecuniary interest"
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