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[SCHEDULE 13G/A] Arcutis Biotherapeutics, Inc. Amended Passive Investment Disclosure
The Vanguard Group filed an amended Schedule 13G/A for Arcutis Biotherapeutics, Inc. (ARQT), reporting beneficial ownership of 0 shares of Common Stock, representing 0% of the class. This change reflects an internal realignment within The Vanguard Group effective January 12, 2026, where subsidiaries will now report beneficial ownership separately. The filing confirms that The Vanguard Group no longer has, or is deemed to have, beneficial ownership over securities held by these realigned subsidiaries.