Form 4: Five Below CAO Sells 5,500 Shares Under Pre-Arranged Trading Plan

Five Below's Chief Accounting Officer, Eric M. Specter, sold 5,500 shares of common stock for approximately $130.77 per share under a Rule 10b5-1 plan.

Summary

• Eric M. Specter, the Chief Accounting Officer of Five Below, Inc. (FIVE), executed a sale of common stock.
• The transaction occurred on June 26, 2025.
• A total of 5,500 shares of Five Below common stock were disposed of.
• The shares were sold at a weighted average price of $130.7662 per share, with individual transaction prices ranging from $130.48 to $130.98.
• The sale was conducted pursuant to a pre-arranged Rule 10b5-1 trading plan.
• Following this transaction, Eric M. Specter beneficially owns 55,854 shares of Five Below common stock.

Sentiment

Score: 5

Explanation: The document reports a pre-planned insider stock sale, which is a routine liquidity event and does not inherently indicate positive or negative sentiment regarding the company's operational performance or future prospects.

Positives

• The sale was conducted under a Rule 10b5-1 plan, indicating a pre-scheduled transaction rather than a reaction to new, non-public information, which can mitigate negative market interpretations of insider selling.

Negatives

• The sale represents a reduction in direct ownership by a key executive, which some investors might interpret as a lack of confidence, although the 10b5-1 plan mitigates this perception.

Risks

• No new company-specific operational or financial risks were disclosed in this Form 4 filing.

Future Outlook

NA

Industry Context

This Form 4 filing reports a routine insider transaction and does not provide broader industry context or trends.

Related Party Transactions

• Sale of 5,500 shares of common stock by Eric M. Specter, Chief Accounting Officer of Five Below, Inc., to the open market.

Stakeholder Impact

• Shareholders may observe a reduction in direct ownership by a key executive, though the pre-arranged nature of the sale under a Rule 10b5-1 plan typically lessens concerns about opportunistic selling based on non-public information.

Key Dates

Keywords

Five Below, insider trading, Form 4, stock sale, Eric M. Specter, CAO, Rule 10b5-1, executive compensation