Five Below Director Michael F. Devine III Sells 4,250 Shares

What Happened

• Michael F. Devine III, a director of Five Below, sold a total of 4,250 shares in open-market transactions on September 4, 2026. The filing reports sales of 3,400 shares at a reported price of $250.44 (proceeds $851,496) and 850 shares at $251.28 (proceeds $213,588), for aggregate proceeds of approximately $1,065,084. These are outright sales (code S), which are typically routine insider liquidity events rather than direct bullish signals.

Key Details

• Transaction date: 2026-09-04 (reported on Form 4 filed 2026-09-09).
• Reported trades: 3,400 shares @ $250.44 ($851,496) and 850 shares @ $251.28 ($213,588); total 4,250 shares for ~$1,065,084.
• Shares owned after transaction: Not provided in the summary supplied; check the full Form 4 for post-transaction ownership.
• Footnote F1: The filing notes a weighted-average price disclosure and states some shares were sold in multiple lots at prices in the $251.18–$251.46 range; the filer offers to provide per-lot details on request.
• Timeliness: The report was filed five days after the transactions (filed Sep 9 for Sep 4 trades); that appears to be later than the typical 2-business-day Section 16 filing deadline.

Context

• Sales by directors are common for personal liquidity and do not necessarily indicate a change in company outlook. Purchases are generally more informative about insider conviction. Retail investors may want to view the complete Form 4 (and any subsequent filings) to confirm remaining holdings and watch for any pattern of insider buying or selling.