Form 4: Five Below CAO Sells Shares in Planned Transaction

Five Below's Chief Accounting Officer, Eric M. Specter, reported a sale of 2,005 shares of common stock at $190.37 per share as part of a pre-arranged trading plan.

Summary

• Eric M. Specter, Chief Accounting Officer (CAO) of Five Below, Inc. (FIVE), reported a transaction involving the company's common stock.
• On January 23, 2026, Specter disposed of 2,005 shares of Five Below common stock.
• The shares were sold at a price of $190.37 per share.
• This transaction was executed pursuant to a Rule 10b5-1 pre-arranged trading plan, indicating it was scheduled in advance.
• Following this reported transaction, Eric M. Specter beneficially owns 43,719 shares of Five Below common stock directly.

Sentiment

Score: 5

Explanation: The filing reports a routine insider transaction, specifically a disposition of shares under a pre-arranged 10b5-1 plan, likely for tax purposes. This type of transaction is generally neutral and not indicative of management's sentiment towards the company's future performance.

Future Outlook

This Form 4 filing does not contain any forward-looking statements or guidance regarding the company's future performance or outlook.

Industry Context

This is a routine insider transaction filing (Form 4) and does not provide information directly related to broader industry trends or competitive landscape. Such filings are standard disclosures for public company executives and do not typically reflect strategic shifts or operational performance relative to competitors.

Stakeholder Impact

• Shareholders: The sale represents a minor reduction in insider ownership, but given it's a pre-planned transaction, it is unlikely to significantly impact shareholder sentiment or the company's valuation.

Key Dates

Keywords

Five Below, FIVE, Insider Trading, Form 4, Stock Sale, Eric M. Specter, CAO, 10b5-1 Plan