BULL KENNETH R 4

What Happened

• Kenneth R. Bull, Chief Operating Officer of Five Below (FIVE), received two stock awards on 2026-03-19 totaling 7,192 shares (4,252 and 2,940 shares). Following that, he disposed of 11,351 shares in transactions that generated about $2.66 million in proceeds.
• On 2026-03-19, 1,351 shares were surrendered to cover tax obligations (reported as "F") at a weighted average price of $235.17 for proceeds of $317,715. On 2026-03-20 he sold additional shares in the open market: 2,000 shares at a weighted avg $236.07 ($472,140), 2,030 shares at $235.46 ($477,984), and 5,970 shares at $233.04 ($1,391,249).

Key Details

• Transaction dates: Awards on 2026-03-19; tax-withholding share surrender on 2026-03-19; open-market sales on 2026-03-20.
• Prices and reported ranges:
  • 1,351 shares withheld for taxes at $235.17 (proceeds $317,715).
  • 2,000 shares sold at weighted avg $236.07 (sold across $236.00–$236.355).
  • 2,030 shares sold at weighted avg $235.46 (sold across $235.00–$235.76).
  • 5,970 shares sold at weighted avg $233.04 (sold across $233.00–$233.22).
• Total shares disposed: 11,351; total reported proceeds ≈ $2,659,088.
• Shares owned after these transactions: not disclosed in the provided filing details.
• Footnotes: weighted-average prices reflect multiple sale prices within the listed ranges; the filer offers to provide per-price breakdowns on request.
• Filing timeliness: no late-filing indication provided in the supplied data.

Context

• The 1,351-share "F" transaction represents shares withheld to satisfy tax liabilities tied to the award (a common payroll/tax withholding action), not a separate open-market purchase or gift.
• The sequence—award followed by withholding and open-market sales—often reflects routine tax-related share withholding and partial liquidation of vested awards rather than an independent market-timing purchase. No inference about the insider's view of the company should be assumed from these routine transactions.