ARCUTIS BIOTHERAPEUTICS INC

Ticker: ARQT CUSIP: 03969K108 Class: Common Stock

Nearwater Capital Markets, Ltd's Holding History (CIK: 0001915842)

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

Q4 2025

Shares 615,000 Value ($000) $17,860 Avg Close $25.60 Range $18.79 - $31.77

Period	Shares	Value ($000)	Average Close	Price Range
Q4 2025	615,000	$17,860	$25.60	$18.79 - $31.77