ARQT: Welgus Howard G. discloses securities transactions

By AlphaYouPublished Sep 23, 2026Form 4

Stocks in this disclosure

Reported activity

Welgus Howard G.

Reporting filer

Welgus Howard G. reported Exercise or conversion in Arcutis Biotherapeutics, Inc.: 822 units of Common Stock, dated 2026-09-15. The full Form 4 contains 7 transaction entries.

Disclosed: Sep 17, 2026

Reported details

7 entries

All validated entries in this disclosure
Security	Owner	Date	Code	Action	Quantity	Price	Following holdings	Reporting delay	Filed terms and references
Common Stock	Welgus Howard G.	2026-09-15	M	Exercise or conversion	822	6.5223	37,297	2 days	Filed terms security Title: Common Stock transaction Date: 2026-09-15 transaction Form Type: 4 transaction Code: M equity Swap Involved: 0 id: F1 transaction Shares: 822 transaction Price Per Share: 6.5223 transaction Acquired Disposed Code: A shares Owned Following Transaction: 37297 direct Or Indirect Ownership: D
Common Stock	Welgus Howard G.	2026-09-15	M	Exercise or conversion	1019	7.51	38,316	2 days	Filed terms security Title: Common Stock transaction Date: 2026-09-15 transaction Form Type: 4 transaction Code: M equity Swap Involved: 0 id: F1 transaction Shares: 1019 transaction Price Per Share: 7.51 transaction Acquired Disposed Code: A shares Owned Following Transaction: 38316 direct Or Indirect Ownership: D
Common Stock	Welgus Howard G.	2026-09-15	M	Exercise or conversion	2255	8.63	40,571	2 days	Filed terms security Title: Common Stock transaction Date: 2026-09-15 transaction Form Type: 4 transaction Code: M equity Swap Involved: 0 id: F1 transaction Shares: 2255 transaction Price Per Share: 8.63 transaction Acquired Disposed Code: A shares Owned Following Transaction: 40571 direct Or Indirect Ownership: D
Common Stock	Welgus Howard G.	2026-09-15	S	Sale	4730	24.18	35,841	2 days	Filed terms security Title: Common Stock transaction Date: 2026-09-15 transaction Form Type: 4 transaction Code: S equity Swap Involved: 0 id: F1 transaction Shares: 4730 transaction Price Per Share: 24.18 transaction Acquired Disposed Code: D shares Owned Following Transaction: 35841 direct Or Indirect Ownership: D
Stock Option (right to buy) (derivative)	Welgus Howard G.	2026-09-15	M	Exercise or conversion	822	0	6,574	2 days	Filed terms security Title: Stock Option (right to buy) conversion Or Exercise Price: 6.5223 transaction Date: 2026-09-15 transaction Form Type: 4 transaction Code: M equity Swap Involved: 0 id: F1 transaction Shares: 822 transaction Price Per Share: 0 transaction Acquired Disposed Code: D id: F2 expiration Date: 2029-11-20 underlying Security Title: Common Stock underlying Security Shares: 822 shares Owned Following Transaction: 6574 direct Or Indirect Ownership: D
Stock Option (right to buy) (derivative)	Welgus Howard G.	2026-09-15	M	Exercise or conversion	1019	0	8,144	2 days	Filed terms security Title: Stock Option (right to buy) conversion Or Exercise Price: 7.51 transaction Date: 2026-09-15 transaction Form Type: 4 transaction Code: M equity Swap Involved: 0 id: F1 transaction Shares: 1019 transaction Price Per Share: 0 transaction Acquired Disposed Code: D id: F2 expiration Date: 2033-05-31 underlying Security Title: Common Stock underlying Security Shares: 1019 shares Owned Following Transaction: 8144 direct Or Indirect Ownership: D
Stock Option (right to buy) (derivative)	Welgus Howard G.	2026-09-15	M	Exercise or conversion	2255	0	18,032	2 days	Filed terms security Title: Stock Option (right to buy) conversion Or Exercise Price: 8.63 transaction Date: 2026-09-15 transaction Form Type: 4 transaction Code: M equity Swap Involved: 0 id: F1 transaction Shares: 2255 transaction Price Per Share: 0 transaction Acquired Disposed Code: D id: F2 expiration Date: 2034-06-14 underlying Security Title: Common Stock underlying Security Shares: 2255 shares Owned Following Transaction: 18032 direct Or Indirect Ownership: D

Common Stock

Owner: Welgus Howard G.
Date: 2026-09-15
Code: M
Action: Exercise or conversion
Quantity: 822
Price: 6.5223
Following holdings: 37,297
Reporting delay: 2 days
Filed terms and references: Filed terms
security Title: Common Stock
transaction Date: 2026-09-15
transaction Form Type: 4
transaction Code: M
equity Swap Involved: 0
id: F1
transaction Shares: 822
transaction Price Per Share: 6.5223
transaction Acquired Disposed Code: A
shares Owned Following Transaction: 37297
direct Or Indirect Ownership: D

Common Stock

Owner: Welgus Howard G.
Date: 2026-09-15
Code: M
Action: Exercise or conversion
Quantity: 1019
Price: 7.51
Following holdings: 38,316
Reporting delay: 2 days
Filed terms and references: Filed terms
security Title: Common Stock
transaction Date: 2026-09-15
transaction Form Type: 4
transaction Code: M
equity Swap Involved: 0
id: F1
transaction Shares: 1019
transaction Price Per Share: 7.51
transaction Acquired Disposed Code: A
shares Owned Following Transaction: 38316
direct Or Indirect Ownership: D

Common Stock

Owner: Welgus Howard G.
Date: 2026-09-15
Code: M
Action: Exercise or conversion
Quantity: 2255
Price: 8.63
Following holdings: 40,571
Reporting delay: 2 days
Filed terms and references: Filed terms
security Title: Common Stock
transaction Date: 2026-09-15
transaction Form Type: 4
transaction Code: M
equity Swap Involved: 0
id: F1
transaction Shares: 2255
transaction Price Per Share: 8.63
transaction Acquired Disposed Code: A
shares Owned Following Transaction: 40571
direct Or Indirect Ownership: D

Common Stock

Owner: Welgus Howard G.
Date: 2026-09-15
Code: S
Action: Sale
Quantity: 4730
Price: 24.18
Following holdings: 35,841
Reporting delay: 2 days
Filed terms and references: Filed terms
security Title: Common Stock
transaction Date: 2026-09-15
transaction Form Type: 4
transaction Code: S
equity Swap Involved: 0
id: F1
transaction Shares: 4730
transaction Price Per Share: 24.18
transaction Acquired Disposed Code: D
shares Owned Following Transaction: 35841
direct Or Indirect Ownership: D

Stock Option (right to buy) (derivative)

Owner: Welgus Howard G.
Date: 2026-09-15
Code: M
Action: Exercise or conversion
Quantity: 822
Price: 0
Following holdings: 6,574
Reporting delay: 2 days
Filed terms and references: Filed terms
security Title: Stock Option (right to buy)
conversion Or Exercise Price: 6.5223
transaction Date: 2026-09-15
transaction Form Type: 4
transaction Code: M
equity Swap Involved: 0
id: F1
transaction Shares: 822
transaction Price Per Share: 0
transaction Acquired Disposed Code: D
id: F2
expiration Date: 2029-11-20
underlying Security Title: Common Stock
underlying Security Shares: 822
shares Owned Following Transaction: 6574
direct Or Indirect Ownership: D

Stock Option (right to buy) (derivative)

Owner: Welgus Howard G.
Date: 2026-09-15
Code: M
Action: Exercise or conversion
Quantity: 1019
Price: 0
Following holdings: 8,144
Reporting delay: 2 days
Filed terms and references: Filed terms
security Title: Stock Option (right to buy)
conversion Or Exercise Price: 7.51
transaction Date: 2026-09-15
transaction Form Type: 4
transaction Code: M
equity Swap Involved: 0
id: F1
transaction Shares: 1019
transaction Price Per Share: 0
transaction Acquired Disposed Code: D
id: F2
expiration Date: 2033-05-31
underlying Security Title: Common Stock
underlying Security Shares: 1019
shares Owned Following Transaction: 8144
direct Or Indirect Ownership: D

Stock Option (right to buy) (derivative)

Owner: Welgus Howard G.
Date: 2026-09-15
Code: M
Action: Exercise or conversion
Quantity: 2255
Price: 0
Following holdings: 18,032
Reporting delay: 2 days
Filed terms and references: Filed terms
security Title: Stock Option (right to buy)
conversion Or Exercise Price: 8.63
transaction Date: 2026-09-15
transaction Form Type: 4
transaction Code: M
equity Swap Involved: 0
id: F1
transaction Shares: 2255
transaction Price Per Share: 0
transaction Acquired Disposed Code: D
id: F2
expiration Date: 2034-06-14
underlying Security Title: Common Stock
underlying Security Shares: 2255
shares Owned Following Transaction: 18032
direct Or Indirect Ownership: D

Purchases, sales, grants and option exercises are different transactions. The reported code identifies the action; it does not establish a motive.

Filing context

Quantities and prices are shown in the units filed. No trade value is inferred from their product.
Welgus Howard G.: Director.
The filing reports a Rule 10b5-1 trading plan.
F1: The transaction reported in this Form 4 was effected pursuant to a 10b5-1 trading plan adopted on March 13, 2026, by the Reporting Person, with a plan end date of June 15, 2027.
F2: The option is fully vested.

Original sources

SEC ownership filing

Prepared automatically from public filing data. Report a correction.

Security

Owner

Date

Code

Action

Quantity

Price

Following holdings

Reporting delay

Filed terms and references

Common Stock

Welgus Howard G.

2026-09-15

Exercise or conversion

822

6.5223

37,297

2 days

Filed terms

security Title: Common Stock
transaction Date: 2026-09-15
transaction Form Type: 4
transaction Code: M
equity Swap Involved: 0
id: F1
transaction Shares: 822
transaction Price Per Share: 6.5223
transaction Acquired Disposed Code: A
shares Owned Following Transaction: 37297
direct Or Indirect Ownership: D

Common Stock

Welgus Howard G.

2026-09-15

Exercise or conversion

1019

7.51

38,316

2 days

Filed terms

security Title: Common Stock
transaction Date: 2026-09-15
transaction Form Type: 4
transaction Code: M
equity Swap Involved: 0
id: F1
transaction Shares: 1019
transaction Price Per Share: 7.51
transaction Acquired Disposed Code: A
shares Owned Following Transaction: 38316
direct Or Indirect Ownership: D

Common Stock

Welgus Howard G.

2026-09-15

Exercise or conversion

2255

8.63

40,571

2 days

Filed terms

security Title: Common Stock
transaction Date: 2026-09-15
transaction Form Type: 4
transaction Code: M
equity Swap Involved: 0
id: F1
transaction Shares: 2255
transaction Price Per Share: 8.63
transaction Acquired Disposed Code: A
shares Owned Following Transaction: 40571
direct Or Indirect Ownership: D

Common Stock

Welgus Howard G.

2026-09-15

Sale

4730

24.18

35,841

2 days

Filed terms

security Title: Common Stock
transaction Date: 2026-09-15
transaction Form Type: 4
transaction Code: S
equity Swap Involved: 0
id: F1
transaction Shares: 4730
transaction Price Per Share: 24.18
transaction Acquired Disposed Code: D
shares Owned Following Transaction: 35841
direct Or Indirect Ownership: D

Stock Option (right to buy) (derivative)

Welgus Howard G.

2026-09-15

Exercise or conversion

822

6,574

2 days

Filed terms

security Title: Stock Option (right to buy)
conversion Or Exercise Price: 6.5223
transaction Date: 2026-09-15
transaction Form Type: 4
transaction Code: M
equity Swap Involved: 0
id: F1
transaction Shares: 822
transaction Price Per Share: 0
transaction Acquired Disposed Code: D
id: F2
expiration Date: 2029-11-20
underlying Security Title: Common Stock
underlying Security Shares: 822
shares Owned Following Transaction: 6574
direct Or Indirect Ownership: D

Stock Option (right to buy) (derivative)

Welgus Howard G.

2026-09-15

Exercise or conversion

1019

8,144

2 days

Filed terms

security Title: Stock Option (right to buy)
conversion Or Exercise Price: 7.51
transaction Date: 2026-09-15
transaction Form Type: 4
transaction Code: M
equity Swap Involved: 0
id: F1
transaction Shares: 1019
transaction Price Per Share: 0
transaction Acquired Disposed Code: D
id: F2
expiration Date: 2033-05-31
underlying Security Title: Common Stock
underlying Security Shares: 1019
shares Owned Following Transaction: 8144
direct Or Indirect Ownership: D

Stock Option (right to buy) (derivative)

Welgus Howard G.

2026-09-15

Exercise or conversion

2255

18,032

2 days

Filed terms

security Title: Stock Option (right to buy)
conversion Or Exercise Price: 8.63
transaction Date: 2026-09-15
transaction Form Type: 4
transaction Code: M
equity Swap Involved: 0
id: F1
transaction Shares: 2255
transaction Price Per Share: 0
transaction Acquired Disposed Code: D
id: F2
expiration Date: 2034-06-14
underlying Security Title: Common Stock
underlying Security Shares: 2255
shares Owned Following Transaction: 18032
direct Or Indirect Ownership: D

Filing context

Quantities and prices are shown in the units filed. No trade value is inferred from their product.

Welgus Howard G.: Director.

The filing reports a Rule 10b5-1 trading plan.

F1: The transaction reported in this Form 4 was effected pursuant to a 10b5-1 trading plan adopted on March 13, 2026, by the Reporting Person, with a plan end date of June 15, 2027.

F2: The option is fully vested.