This is a routine, immaterial insider sale by a director. No trading action warranted. Monitor for any larger insider sales or changes in filing patterns ahead of upcoming earnings or catalysts.
Price Chart
Executive Summary
Director Patrick Burnett filed a Form 144 notice of intent to sell 222 shares of Arcutis Biotherapeutics (ARQT) worth approximately $4,673, representing a de minimis portion of his holdings. The shares were acquired via restricted stock vesting on May 1, 2026. This is a routine, small-dollar insider sale with no material signal.
Key Facts
- Insider: Director Patrick Burnett
- Shares to sell: 222 shares of common stock
- Approximate value: $4,673
- Acquisition: Restricted stock vesting on May 1, 2026
- Broker: Merrill Lynch
- Filing date: May 11, 2026
Financial Impact
Sale value of ~$4,673 is negligible relative to ARQT's $2.6B market cap (0.00018%)
Risk Factors
- No material risk — sale is de minimis and likely part of routine tax or estate planning
Market Snapshot
Investment Themes
Documents Analyzed
This report is based on 3 SEC documents filed with EDGAR.
| Document | Accession Number |
|---|---|
| 144 Filing (Primary) | 0001628280-26-033615 |
| Document: 0001628280-26-033615-index.html | 0001628280-26-033615 |
| Document: 0001628280-26-033615.txt | 0001628280-26-033615 |
Filters
| Type | Now | ||||
|---|---|---|---|---|---|
Aug 24, 2026 5w ago | Insider Cluster | $24.86 $26.38 | ▲ +6.11% | ▲ +5.87% | $25.16 (+1.21%) |
Aug 21, 2026 6w ago | Insider Cluster | $25.08 $25.96 | ▲ +3.51% | ▲ +4.04% | $25.16 (+0.32%) |
Aug 19, 2026 6w ago | Insider Cluster | $25.35 $25.38 | ▲ +0.12% | ▲ +0.12% | $25.16 (−0.75%) |
Aug 11, 2026 7w ago | 144 | $26.28 $23.38 | ▼ −11.04% | ▼ −9.14% | $25.16 (−4.26%) |
Aug 6, 2026 8w ago | Insider Cluster | $26.43 $23.66 | ▼ −10.48% | ▼ −11.08% | $25.16 (−4.81%) |
Aug 5, 2026 8w ago | Press Release | $26.43 $23.66 | ▼ −10.48% | ▼ −11.08% | $25.16 (−4.81%) |
Aug 3, 2026 8w ago | 144 | $26.03 $23.75 | ▼ −8.76% | ▼ −7.52% | $25.16 (−3.34%) |
Jun 29, 2026 13w ago | Press Release | $26.22 $27.84 | ▲ +6.18% | ▲ +7.21% | $25.16 (−4.04%) |
Jun 18, 2026 15w ago | Insider Cluster | $26.21 $27.74 | ▲ +5.84% | ▲ +5.30% | $25.16 (−4.01%) |
Jun 9, 2026 16w ago | 8-K | $23.23 $28.78 | ▲ +23.89% | ▲ +20.27% | $25.16 (+8.31%) |
US Market Status
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