CHAUDHURI BHASKAR 4
4 · Arcutis Biotherapeutics, Inc. · Filed Jun 16, 2025
Insider Transaction Report
Form 4
CHAUDHURI BHASKAR
Director
Transactions
- Award
Common Stock
2025-06-12+7,609→ 867,826 total - Award
Stock Option (right to buy)
2025-06-12+20,568→ 20,568 totalExercise: $13.50Exp: 2035-06-12→ Common Stock (20,568 underlying)
Holdings
- 49,981(indirect: By Trust)
Common Stock
Footnotes (3)
- [F1]Represents Restricted Stock Units ("RSUs") granted in connection with the Reporting Person's service as a non-employee director as of the Company's 2025 annual meeting of stockholders. The Reporting Person is entitled to receive one (1) share of common stock for each one (1) RSU upon the vesting thereof, which shall occur on the earlier of the first anniversary of the grant date, June 12, 2025, or immediately before the next annual meeting of stockholders, subject to the continued service through the vesting date. Upon vesting of the RSUs, the settlement has been deferred by the Reporting Person, pursuant to the terms of the RSU Deferral Election Form adopted on December 11, 2024, maintained by the Company.
- [F2]The securities are held of record by The Chaudhuri Family Trust, of which the Reporting Person is trustee. The Reporting Person disclaims beneficial ownership of such securities except to the extent of his pecuniary interest therein, and the inclusion of these securities in this report shall not be deemed an admission of beneficial ownership of such securities for purposes of Section 16 or for any other purposes.
- [F3]The underlying shares subject to the option vest and become exercisable as to 100% on the earlier of the first anniversary of the grant date, June 12, 2025, or immediately before the next annual meeting of stockholders, subject to the continued service through the vesting date.