Five Below (FIVE) CAO Eric M. Specter Sells 5,500 Shares

What Happened
Eric M. Specter, Chief Accounting Officer of Five Below (FIVE), sold 5,500 shares in an open-market transaction on September 14, 2026. The shares were sold at $248.99 per share for total proceeds of approximately $1,369,445. This was a sale (transaction code S) rather than a purchase—sales can be routine and do not necessarily indicate a change in insider sentiment.

Key Details

• Transaction date: 2026-09-14; Sale price: $248.99 per share; Total proceeds: ~$1,369,445.
• Transaction type: Open market sale (Code S).
• Filing date: Form 4 filed 2026-09-16 (two days after the trade, generally within the Form 4 reporting window).
• Shares owned after transaction: Not specified in the excerpt of the filing provided; check the full Form 4 for post-transaction holdings.
• No 10b5-1 plan, tax-withholding, or other footnotes were indicated in the provided transaction details.

Context
For retail investors, purchases by insiders often carry more informational weight than routine sales, which can be driven by diversification, taxes, or liquidity needs. This report documents a single open-market sale by the CAO; it is factual reporting of the trade rather than an explanation of motive. For a complete picture, review the full Form 4 filing and monitor other recent insider transactions and company fundamentals.