Masaru Matsuda sold $92K of ARQT stock

Masaru Matsuda sold 3,674 shares of ARQT stock worth $92K, per an SEC Form 4 filed Sep 18, 2026.

The sale was pre-arranged (a 10b5-1 plan or an option exercise), not a fresh decision.

The trade happened on Sep 16, 2026, 2 days before it was made public.

ARQT has moved -2.3% since the trade date, from $26.14 to $25.55 (Nov 6, 2026 close).