About this page
Insider trades reported on SEC Form 4: when the people who run a company buy or sell its shares with their own money.
How to read it
- Form 4
- The form a company insider (officer, director or owner of more than 10%) must file with the SEC within two business days of buying or selling the company's shares.
- Buy (P) and Sell (S)
- Open-market purchases and sales. Gifts, option exercises and automatic tax withholding are left out because they say little about what the insider thinks.
- Value
- Shares times price, as reported on the filing.
- 10b5-1
- A trade made under a plan set up in advance. Planned sales are common and usually say less than an unplanned purchase.
- Late filing
- A Form 4 filed more than two business days after the trade.
- Vs. S&P 500
- How the stock did after the trade minus how the overall market did in the same weeks.
A real example
In January 2016, when bank stocks were falling, JPMorgan Chase CEO Jamie Dimon bought 500,000 JPMorgan shares with his own money, worth about $26 million. His Form 4 made the purchase public within days, and investors read it as a strong sign of confidence.
Explain it like I'm 13
If the coach of a team bets his own allowance that his team will win, that tells you something. A Form 4 is the note a company boss must hand in whenever he buys or sells his own company's shares, so everyone can see it.
Data from public SEC filings and congressional reports. Information, not investment advice. Check every number against the filing linked on the page.
Arcutis Biotherapeutics, Inc. (ARQT): Insider Trades and Fund Holdings
In the past 12 months, Arcutis Biotherapeutics, Inc. insiders reported no open-market purchases and 17 sales worth $2.67M; 12 of the sales were reported as made under a 10b5-1 trading plan.
Timeline: news and trades
Company filings (8-K), insider trades, notices of planned sales (Form 144), Congress trades and fund moves in the past year, newest first.
- Oct 20, 2026Planned saleLarry Todd Edwards (former officer) filed notice to sell about $2 million around Oct 20, 2026
- Oct 15, 2026Insider saleDirector Howard G. Welgus sold $127,325 under a 10b5-1 plan
- Oct 15, 2026Planned saleHoward Welgus (director) filed notice to sell about $127,325 around Oct 15, 2026
- Sep 16, 2026Insider saleSee Remarks Masaru Matsuda sold $91,853 under a 10b5-1 plan
- Sep 16, 2026Planned saleLarry Todd Edwards (former officer) filed notice to sell about $8.5 million around Sep 16, 2026
- Sep 15, 2026Insider saleDirector Howard G. Welgus sold $114,371 under a 10b5-1 plan
- Sep 15, 2026Planned saleHoward Welgus (director) filed notice to sell about $114,371 around Sep 15, 2026
- Sep 8, 2026Insider saleSee Remarks Masaru Matsuda sold $249,986 under a 10b5-1 plan
- Sep 8, 2026Planned saleMasaru Matsuda (officer) filed notice to sell about $341,933 around Sep 8, 2026
- Aug 27, 2026Insider saleDirector Terrie Curran sold $956,123
- Aug 27, 2026Planned saleTerrie Curran (director) filed notice to sell about $956,125 around Aug 27, 2026
- Aug 20, 2026Insider saleDirector Terrie Curran sold $27,912
- Aug 20, 2026Planned saleTerrie Curran (director) filed notice to sell about $27,912 around Aug 20, 2026
- Aug 19, 2026Insider saleSee Remarks Patrick Burnett sold $45,819
- Aug 19, 2026Planned salePatrick Burnett (officer) filed notice to sell about $45,819 around Aug 19, 2026
- Aug 17, 2026Insider saleDirector Howard G. Welgus sold $123,835 under a 10b5-1 plan
- Aug 17, 2026Planned saleHoward Welgus (director) filed notice to sell about $123,835 around Aug 17, 2026
- Aug 12, 2026Insider saleSee Remarks Patrick Burnett sold $174,767
- Aug 11, 2026Insider saleSee Remarks Patrick Burnett sold $220,129
- Aug 3, 2026Insider saleSee Remarks Todd Watanabe sold $114,261 under a 10b5-1 plan
- Aug 3, 2026Insider saleSee Remarks Masaru Matsuda sold $32,124 under a 10b5-1 plan
- Aug 3, 2026Insider saleSee Remarks Patrick Burnett sold $24,942 under a 10b5-1 plan
- Jul 15, 2026Insider saleDirector Howard G. Welgus sold $127,284 under a 10b5-1 plan
- Jun 30, 2026FundRenaissance Technologies cut 87% in Q2 2026 (13F filed Aug 13, 2026)
- Jun 17, 2026Insider saleDirector Howard G. Welgus sold $16,300 under a 10b5-1 plan
- Jun 15, 2026Insider saleDirector Sue-Jean Lin sold $120,587 under a 10b5-1 plan
- Jun 15, 2026Insider saleDirector Howard G. Welgus sold $99,980 under a 10b5-1 plan
- May 29, 2026CongressRep. Gilbert Ray Cisneros, Jr. buy $1K–$15K
- Mar 3, 2026CongressRep. Gilbert Ray Cisneros, Jr. buy $1K–$15K
- Dec 11, 2025CongressRep. Gilbert Ray Cisneros, Jr. partial sell $1K–$15K
Recent insider trades
Open-market purchases (code P) and sales (code S) from Form 4. Grants, option exercises and gifts are not shown. Latest filing: Oct 19, 2026.
| Filed | Insider | Type | Value |
|---|---|---|---|
| Oct 19 | Howard G. WelgusDirector | ▼ SELL10b5-1 | $127K |
| Sep 18 | Masaru MatsudaSee Remarks | ▼ SELL10b5-1 | $92K |
| Sep 17 | Howard G. WelgusDirector | ▼ SELL10b5-1 | $114K |
| Sep 10 | Masaru MatsudaSee Remarks | ▼ SELL10b5-1 | $250K |
| Aug 28 | Terrie CurranDirector | ▼ SELL | $956K |
| Aug 24 | Terrie CurranDirector | ▼ SELL | $28K |
| Aug 21 | Patrick BurnettSee Remarks | ▼ SELL | $46K |
| Aug 19 | Howard G. WelgusDirector | ▼ SELL10b5-1 | $124K |
| Aug 13 | Patrick BurnettSee Remarks | ▼ SELL | $220K |
| Aug 13 | Patrick BurnettSee Remarks | ▼ SELL | $175K |
Insiders who traded in the past year
| Insider | Role | Buys | Bought | Sells | Sold |
|---|---|---|---|---|---|
| Howard G. Welgus | Director | 0 | $0 | 6 | $609K |
| Masaru Matsuda | See Remarks | 0 | $0 | 3 | $374K |
| Terrie Curran | Director | 0 | $0 | 2 | $984K |
| Patrick Burnett | See Remarks | 0 | $0 | 4 | $466K |
| Todd Watanabe | See Remarks | 0 | $0 | 1 | $114K |
| Sue-Jean Lin | Director | 0 | $0 | 1 | $121K |
Trades by members of Congress
Reported under the STOCK Act. Amounts are ranges from the form. All Congress trades →
| Filed | Member | Type | Amount |
|---|---|---|---|
| Jun 8 | ▲ BUY | $1K–$15K | |
| Apr 7 | ▲ BUY | $1K–$15K | |
| Jan 12 | ▼ PARTIAL SELL | $1K–$15K |
Buybacks and executive pay
| Year | CEO pay reported | CEO pay "actually paid" | Value of $100 invested |
|---|---|---|---|
| 2025 | $7.22M | $20.4M | n/a |
| 2024 | $3.69M | $11.2M | n/a |
| 2023 | $4.94M | −$1.16M | n/a |
From the company's XBRL data filed with the SEC. "Actually paid" is the SEC's pay-versus-performance measure, which counts changes in the value of stock awards. "Value of $100 invested" is the company's cumulative shareholder return as reported, usually measured from five years earlier. See all buybacks and CEO pay across companies.
A All 17 insider trades reported on time. How it is graded
Tracked funds that report ARQT
From each fund's latest 13F. Holdings are as of quarter end and are filed up to 45 days later.
| Fund | Shares | Value | Change |
|---|---|---|---|
| Renaissance Technologies | 58,399 | $1.53M | ▼ −86.8% |
Reading these numbers
Insiders sell for many reasons: taxes, diversification, a house. Purchases with their own money are rarer and are usually read as more informative. A Form 4 is due within two business days of the trade. How to read a Form 4 →