ARCUTIS BIOTHERAPEUTICS INC

Ticker: ARQT CUSIP: 03969K108 Class: Common Stock

MORGAN STANLEY's Holding History (CIK: 0000895421)

Note: Option positions (PUT/CALL) are excluded.

Q4 2025

Shares 4,340,239 Value ($000) $126,041 Avg Close $25.60 Range $18.79 - $31.77

Q3 2025

Shares 4,276,394 Value ($000) $80,610 Avg Close $15.77 Range $13.06 - $19.36

Q2 2025

Shares 4,314,530 Value ($000) $60,490 Avg Close $14.02 Range $11.86 - $17.43

Q1 2025

Shares 3,838,541 Value ($000) $60,035 Avg Close $14.09 Range $11.13 - $17.75

Q4 2024

Shares 4,243,911 Value ($000) $59,118 Avg Close $10.96 Range $8.03 - $15.79

Q3 2024

Shares 3,781,195 Value ($000) $35,165 Avg Close $9.87 Range $7.86 - $11.33

Q2 2024

Shares 3,972,694 Value ($000) $36,946 Avg Close $9.04 Range $6.99 - $13.17

Q1 2024

Shares 4,006,335 Value ($000) $39,703 Avg Close $7.46 Range $3.07 - $12.35

Q4 2023

Shares 6,083,072 Value ($000) $19,648 Avg Close $2.72 Range $1.76 - $5.26

Q3 2023

Shares 222,040 Value ($000) $1,179 Avg Close $8.50 Range $5.19 - $11.39

Q2 2023

Shares 485,978 Value ($000) $4,631 Avg Close $11.10 Range $7.25 - $15.40

Q1 2023

Shares 337,654 Value ($000) $3,714 Avg Close $14.47 Range $10.05 - $17.57

Q4 2022

Shares 198,064 Value ($000) $2,931 Avg Close $17.47 Range $13.37 - $20.64

Q3 2022

Shares 124,926 Value ($000) $2,387 Avg Close $22.66 Range $17.01 - $27.40

Q2 2022

Shares 108,169 Value ($000) $2,304 Avg Close $20.51 Range $16.07 - $22.97

Q1 2022

Shares 97,452 Value ($000) $1,878 Avg Close $16.92 Range $13.59 - $23.00

Q4 2021

Shares 53,019 Value ($000) $1,099 Avg Close $19.90 Range $14.16 - $25.73

Q3 2021

Shares 143,746 Value ($000) $3,434 Avg Close $22.81 Range $18.51 - $27.45

Q2 2021

Shares 226,673 Value ($000) $6,185 Avg Close $28.17 Range $23.77 - $36.45

Q1 2021

Shares 125,712 Value ($000) $3,636 Avg Close $31.23 Range $24.25 - $38.49

Q4 2020

Shares 152,010 Value ($000) $4,277 Avg Close $24.49 Range $17.51 - $32.21

Q3 2020

Shares 2,803 Value ($000) $83 Avg Close $26.72 Range $22.95 - $33.21

Q2 2020

Shares 3,573 Value ($000) $108 Avg Close $28.90 Range $23.22 - $39.85

Q1 2020

Shares 1,437 Value ($000) $43 Avg Close $26.87 Range $17.10 - $40.88

Period	Shares	Value ($000)	Average Close	Price Range
Q4 2025	4,340,239	$126,041	$25.60	$18.79 - $31.77
Q3 2025	4,276,394	$80,610	$15.77	$13.06 - $19.36
Q2 2025	4,314,530	$60,490	$14.02	$11.86 - $17.43
Q1 2025	3,838,541	$60,035	$14.09	$11.13 - $17.75
Q4 2024	4,243,911	$59,118	$10.96	$8.03 - $15.79
Q3 2024	3,781,195	$35,165	$9.87	$7.86 - $11.33
Q2 2024	3,972,694	$36,946	$9.04	$6.99 - $13.17
Q1 2024	4,006,335	$39,703	$7.46	$3.07 - $12.35
Q4 2023	6,083,072	$19,648	$2.72	$1.76 - $5.26
Q3 2023	222,040	$1,179	$8.50	$5.19 - $11.39
Q2 2023	485,978	$4,631	$11.10	$7.25 - $15.40
Q1 2023	337,654	$3,714	$14.47	$10.05 - $17.57
Q4 2022	198,064	$2,931	$17.47	$13.37 - $20.64
Q3 2022	124,926	$2,387	$22.66	$17.01 - $27.40
Q2 2022	108,169	$2,304	$20.51	$16.07 - $22.97
Q1 2022	97,452	$1,878	$16.92	$13.59 - $23.00
Q4 2021	53,019	$1,099	$19.90	$14.16 - $25.73
Q3 2021	143,746	$3,434	$22.81	$18.51 - $27.45
Q2 2021	226,673	$6,185	$28.17	$23.77 - $36.45
Q1 2021	125,712	$3,636	$31.23	$24.25 - $38.49
Q4 2020	152,010	$4,277	$24.49	$17.51 - $32.21
Q3 2020	2,803	$83	$26.72	$22.95 - $33.21
Q2 2020	3,573	$108	$28.90	$23.22 - $39.85
Q1 2020	1,437	$43	$26.87	$17.10 - $40.88