Form 4: Five Below COO Sells Shares for Tax Obligations

Five Below's Chief Operating Officer, Kenneth R. Bull, disposed of 2,823 common stock shares across two transactions to cover tax liabilities.

Summary

• Kenneth R. Bull, Chief Operating Officer of Five Below, Inc., reported two transactions involving the disposition of common stock.
• On March 20, 2026, Mr. Bull disposed of 2,011 shares of common stock at a price of $227.42 per share.
• On March 21, 2026, an additional 812 shares of common stock were disposed of at the same price of $227.42 per share.
• These dispositions were made to satisfy tax withholding obligations related to equity awards.
• Following these transactions, Mr. Bull beneficially owns 89,708 shares of Five Below common stock.
• The transactions were made pursuant to a contract, instruction, or written plan for the purchase or sale of equity securities intended to satisfy the affirmative defense conditions of Rule 10b5-1(c).

Sentiment

Score: 5

Explanation: StockSavvy.ai views this as a neutral event. The disposition of shares is for tax purposes, which is a routine part of executive compensation and not indicative of a change in management's outlook on the company.

Positives

• The transactions were made pursuant to a Rule 10b5-1 plan, indicating pre-planned sales and not a reaction to new, non-public information.

Negatives

• A reduction in direct insider ownership, totaling 2,823 shares, although this is for tax purposes.

Risks

• While these are tax-related sales, a consistent pattern of insider selling could signal a lack of confidence, though this single filing does not indicate such a pattern.

Future Outlook

No forward-looking statements or guidance are provided in this Form 4 filing, as it solely reports past insider transactions.

Industry Context

StockSavvy.ai notes that dispositions of shares by executives to cover tax obligations upon the vesting or exercise of equity awards are a common and routine occurrence in the industry. These transactions are often pre-scheduled under Rule 10b5-1 plans to avoid accusations of trading on material non-public information.

Stakeholder Impact

• Shareholders: A minor reduction in direct insider ownership, which is generally not a significant concern when related to routine tax obligations.

Key Dates

Keywords

Five Below, FIVE, Insider Trading, Form 4, Kenneth R. Bull, COO, Stock Sale, Equity Compensation, Tax Withholding, Rule 10b5-1