Arcutis Biotherapeutics (NASDAQ:ARQT) Insider Sells $32,127.60 in Stock
MarketBeat
Arcutis Biotherapeutics, Inc. (NASDAQ:ARQT - Get Free Report) insider Masaru Matsuda sold 1,230 shares of the stock in a transaction on Monday, August 3rd. The shares were sold at an average price of $26.12, for a total transaction of $32,127.60. Following the completion of the sale, the insider directly owned 126,171 shares in the company, valued at approximately $3,295,586.52. This represents a 0.97% decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. The sale was made to cover tax withholding obligations related to the vesting of equity awards.
NASDAQ:ARQT