SPECTER ERIC M 4

What Happened

• Eric M. Specter, Chief Administrative Officer (CAO) of Five Below (FIVE), had 2,005 shares withheld (disposed) to satisfy tax withholding or payment of exercise price/tax liability. The shares were valued at $190.37 each, totaling about $381,692.
• This is a tax-withholding/settlement action (code F) tied to an equity award or option exercise, not an open-market sale — typically a neutral, routine administrative step rather than a directional trade.

Key Details

• Transaction date: 2026-01-23; Filing date: 2026-01-27 (filed four days after the transaction; may be later than the usual two-business-day Form 4 deadline).
• Price per share: $190.37; Shares withheld/disposed: 2,005; Total value: ~$381,692.
• Shares owned after the transaction: not specified in the provided filing details.
• Notable footnote: Code F indicates payment of exercise price or tax liability (shares withheld for taxes). This is not a 10b5-1 sale or open-market disposal.

Context

• For retail investors: share withholding to cover taxes is common when stock options vest or restricted shares settle. Because the shares were retained/withheld to meet tax obligations rather than sold on the market, this transaction does not necessarily signal the insider’s view on the company’s stock price.