Arcutis Biotherapeutics Reports Inducement Grants Under Nasdaq Listing Rule 5635(c)(4)

Arcutis Biotherapeutics announced the grant of 62,500 restricted stock units (RSUs) to six newly hired employees as a material inducement for employment. The RSUs will vest over four years with 25% vesting annually, subject to continued employment. The grants were approved by the Compensation Committee under the company's 2022 Inducement Plan.