Israel Michelle Lee 4

What Happened

• Michelle Lee, Chief Merchandising Officer of Five Below (FIVE), was granted 1,275 shares on March 19, 2026. The transaction is reported as an award/acquisition (code A) and is recorded with an acquisition price of $0.00, which typically indicates a stock-based compensation grant (e.g., RSUs or restricted stock).

Key Details

• Transaction date: 2026-03-19; reported on Form 4 filed 2026-03-23.
• Transaction type/code: Award/Grant (A); acquisition price listed as $0.00 for 1,275 shares.
• Shares owned after the transaction: Not specified in the provided filing details.
• Notable: This was a compensation award (non–open-market acquisition). No 10b5-1, tax-withholding, or other footnotes were provided in the summary data supplied.
• Timeliness: The Form 4 was filed on 2026-03-23 for a 2026-03-19 transaction; investors who track filing timeliness may want to confirm whether this meets the required reporting window.

Context

• Awards recorded at $0 generally reflect company compensation (RSUs or restricted stock) rather than a cash purchase on the open market. Such grants are common for executives and do not, by themselves, indicate an immediate bullish or bearish market action (unlike open-market purchases or sales).
• Retail investors should treat this as insider compensation information rather than a direct signal of insider buying; combine with other insider trades and company fundamentals for broader context.