ARQT CLUSTER SEC Filing Analysis

Latest settled — T+20d ⚠ clustered

ARQT ▼ -13.85% at T+20d

SHORT call ✓ call won +13.85% · α vs SPY +5.91% · entry $24.76 → $21.33

Next anchor: T+60d in 2d

Last close $20.86 (close May 22) · +15.75% from $24.76 entry (call sign-flipped)

Entry anchored
Feb 27, 03:59 PM ET
via Databento tick

T+1d

-4.68%

call +4.68% · α +3.77%

$23.60

settled 3mo ago

T+5d

+0.24%

call -0.24% · α -1.45%

$24.82

settled 3mo ago

T+20d

-13.85%

call +13.85% · α +5.91%

$21.33

settled 8w ago

T+60d

—

call — · α —

—

in 2d

Price Chart

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Executive Summary

Multiple insiders at Arcutis Biotherapeutics sold shares in a coordinated open-market cluster totaling $1.65M over two days, including CFO Latha Vairavan. These sales coincide with routine stock award grants, suggesting pre-arranged 10b5-1 plans. The total value represents 0.06% of market cap — modest but notable due to C-suite participation.

Key Financial Metrics

Direction

selling

Total Value

$1.6M

Insiders

5

Actionable Insight

Monitor for 10b5-1 plan disclosures in upcoming filings; consider this a caution signal ahead of earnings or clinical updates. Absence of offsetting buy signals increases downside risk.

Key Facts

Seven open-market sales totaling $1.65M occurred on March 2, 2026, by five insiders including CFO Latha Vairavan.
Concurrent with sales, five insiders received non-cash stock grants totaling 226,000 shares ($0 value).
Sales represent ~0.06% of $2.9B market cap — not large in absolute terms but concentrated among executives.
All transactions occurred within a 7-day window, indicating coordinated timing, likely under 10b5-1 plans.

Financial Impact

$1.65 million in insider selling, offset by $0 in non-cash grants

insider ownershipmarket sentimentshare supply

Risk Factors

Perception of insider pessimism despite likely pre-arranged trades
Potential for follow-on selling if 10b5-1 plans are ongoing

Market Snapshot

Exchange

Nasdaq

Documents Analyzed

This report is based on 1 SEC document filed with EDGAR.

Document	Accession Number
CONTEXT: Insider Cluster Data (11 trades, 7d window)	cluster-ARQT-1772659026262

7 reports for ARQT

T+1T+5T+20T+60

Filters

Reports for ARQT — sortable, filterable
	Type				Now
May 11, 2026 12d ago	144 NEUTRAL ★ 1/10	$20.69 $20.03	▼ −3.19%	▼ −3.27%	$20.86 (+0.82%)
May 6, 2026 17d ago	Press Release MIXED ★ 5/10	$20.66 $21.69	▲ +4.99%	▲ +3.48%	$20.86 (+0.97%)
May 4, 2026 20d ago	Insider Cluster NEUTRAL ★ 3/10	$23.49 $21.24	▼ −9.58%	▼ −12.51%	$20.86 (−11.20%)
May 1, 2026 23d ago	Insider Cluster NEUTRAL ★ 2/10	$23.35 $20.66	▼ −11.52%	▼ −13.87%	$20.86 (−10.66%)
Apr 15, 2026 5w ago	Press Release NEUTRAL ★ 3/10	$24.19 $22.86	▼ −5.50%	▼ −6.48%	$20.86 (−13.77%)
Mar 2, 2026 11w ago	Insider Cluster BEARISH ★ 6/10	$24.76 $24.82	▼ −0.24%	▼ −1.45%	$20.86 (+15.75%)
Mar 2, 2026 11w ago	Insider Cluster NEUTRAL ★ 4/10	$24.76 $24.82	▲ +0.24%	▲ +1.45%	$20.86 (−15.75%)

US Market Status

Market Closed — Opens Tue (35h 12m)

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