Form 4: Five Below CHRO Sells Shares for Tax Obligations

Five Below's Chief Human Resources Officer, Maureen Gellerman, disposed of common stock to cover tax liabilities on March 20 and 21, 2026.

Summary

• Maureen Gellerman, Chief Human Resources Officer (CHRO) of Five Below, Inc. (FIVE), reported changes in her beneficial ownership of common stock.
• Disposed of 251 shares of common stock on March 20, 2026, at a price of $227.42 per share.
• Disposed of an additional 62 shares of common stock on March 21, 2026, also at $227.42 per share.
• These transactions were identified by Transaction Code 'F', indicating the shares were disposed of for the payment of tax liability by withholding securities.
• Following these reported transactions, Maureen Gellerman beneficially owns 12,277 shares of Five Below common stock.

Sentiment

Score: 5

Explanation: StockSavvy.ai views this as a neutral event, as the disposal of shares is for tax withholding purposes, a common and non-discretionary transaction for executives.

Industry Context

StockSavvy.ai notes that insider transactions, particularly those related to tax obligations (Transaction Code 'F'), are common and generally not indicative of management's sentiment about the company's future performance. This is a routine compliance filing.

Comparison to Industry Standards

• This Form 4 filing details a standard insider transaction for tax withholding purposes, which is a common practice across all industries for executives receiving equity compensation. It does not provide performance metrics for direct comparison to industry peers or benchmarks.

Stakeholder Impact

• Shareholders: Minor, as this is a routine tax-related transaction and not a discretionary sale indicating a change in insider sentiment.

Key Dates

Recommendation

The reported transactions are routine disposals of common stock by an insider to satisfy tax withholding obligations, not a discretionary sale. Such transactions typically do not reflect a change in the insider's view of the company's prospects and therefore do not warrant a change in investment recommendation based solely on this filing.

Keywords

Five Below, FIVE, Maureen Gellerman, CHRO, Insider Transaction, Stock Sale, Tax Withholding, Beneficial Ownership