Gellerman Maureen Marie 4

What Happened

• Maureen Gellerman, Chief Human Resources Officer at Five Below (FIVE), had a total of 313 shares disposed to satisfy tax withholding obligations related to equity compensation. On Mar 20, 2026, 251 shares were withheld at $227.42 ($57,082), and on Mar 21, 2026, 62 shares were withheld at $227.42 ($14,100), for a combined value of $71,182.
• This was a tax-withholding disposition (Form 4 code F), a routine administrative action tied to vesting or exercise of equity awards rather than an open-market sale intended as a market signal.

Key Details

• Transaction dates and price: Mar 20, 2026 — 251 shares @ $227.42; Mar 21, 2026 — 62 shares @ $227.42.
• Total shares withheld/disposed: 313; total reported value: $71,182.
• Shares owned after transaction: not specified in the provided filing excerpt.
• Footnotes/transaction code: Code F (payment of exercise price or tax liability — share withholding to cover taxes).
• Filing timeliness: Report filed Mar 24, 2026 for a Mar 20 transaction (filed 4 days after the earliest transaction date), which appears later than the typical two-business-day Form 4 reporting window.

Context

• Tax-withholding dispositions are common when restricted stock units vest or options are exercised; companies or insiders often withhold shares to cover taxes. This is generally administrative and should not be interpreted as a directional bet on the stock.
• Because this was withholding (not an open-market purchase or sale), it provides limited insight into the insider’s view of Five Below’s future performance.