Larry Todd Edwards - 28 Feb 2025 Form 4 Insider Report for Arcutis Biotherapeutics, Inc. (ARQT)

Role
Reporting Person's title: Executive Vice President, Chief Commercial Officer
Signature
/s/ David Topper, as Attorney-in-Fact for Larry Todd Edwards
Issuer symbol
ARQT
Transactions as of
28 Feb 2025
Net transactions value
$0
Form type
4
Filing time
04 Mar 2025, 19:43:19 UTC
Previous filing
04 Feb 2025
Next filing
20 May 2025
SEC
View on sec.gov

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction ARQT Common Stock Award $0 +38,000 +28% $0.000000 173,555 28 Feb 2025 Direct F1
transaction ARQT Common Stock Award $0 +17,000 +9.8% $0.000000 190,555 28 Feb 2025 Direct F1

Derivative Securities (e.g., puts, calls, warrants, options, convertible securities)

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Underlying Class Amount Exercise Price Ownership Footnotes
transaction ARQT Stock Option (right to buy) Award $0 +99,000 $0.000000 99,000 28 Feb 2025 Common Stock 99,000 $13.69 Direct F2
transaction ARQT Stock Option (right to buy) Award $0 +43,000 $0.000000 43,000 28 Feb 2025 Common Stock 43,000 $13.69 Direct F2
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Constitute restricted stock units ("RSUs") for which the Reporting Person is entitled to receive one (1) share of common stock for each one (1) RSU upon vesting, in which 25% of the RSUs vest annually on March 1, (the "Vesting Commencement Date"), of each year beginning March 1, 2026, subject to the Reporting Person's continued service to the Issuer.
F2 1/48th of the shares subject to the option vest on each monthly anniversary measured from March 1, 2025 (the "Vesting Commencement Date"), such that 100% of the shares subject to the option will be fully vested and exercisable on the fourth anniversary of the Vesting Commencement Date, subject to the Reporting Person's continued service to the Issuer.

Remarks:

Reporting Person's title: Executive Vice President, Chief Commercial Officer