4//SEC Filing
Matsuda Masaru 4
Accession 0001787306-25-000038
CIK 0001787306other
Filed
Mar 3, 7:00 PM ET
Accepted
Mar 4, 7:43 PM ET
Size
9.8 KB
Accession
0001787306-25-000038
Insider Transaction Report
Form 4
Matsuda Masaru
See Remarks
Transactions
- Award
Common Stock
2025-02-28+34,000→ 212,692 total - Sale
Common Stock
2025-03-03$13.03/sh−3,263$42,520→ 209,429 total - Award
Stock Option (right to buy)
2025-02-28+89,000→ 89,000 totalExercise: $13.69Exp: 2035-02-28→ Common Stock (89,000 underlying)
Footnotes (4)
- [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]The sale reported on this Form 4 represents shares sold by the Reporting Person to cover tax withholding obligations in connection with the vesting of RSUs, granted on March 3, 2022 and March 2, 2023.
- [F3]The price reported in Column 4 is a weighted average sale price. The shares were sold in multiple transactions at prices ranging from $12.6902 to $13.83, inclusive. The Reporting Person hereby undertakes to provide to the Securities and Exchange Commission staff, the Issuer, or a security holder of the Issuer, upon request, full information regarding the number of shares sold at each respective price within the range set forth in this footnote.
- [F4]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.
Documents
Issuer
Arcutis Biotherapeutics, Inc.
CIK 0001787306
Entity typeother
Related Parties
1- filerCIK 0001798679
Filing Metadata
- Form type
- 4
- Filed
- Mar 3, 7:00 PM ET
- Accepted
- Mar 4, 7:43 PM ET
- Size
- 9.8 KB