Five Below (FIVE) CAO Eric Specter Sells 3,935 Shares for Taxes

What Happened Eric M. Specter, Chief Administrative Officer of Five Below (FIVE), disposed of 3,935 shares at $217.13 per share on August 1, 2026, for a total value of about $854,407. The transaction is reported with code "F," indicating the shares were surrendered or sold to cover an exercise price or tax liability (i.e., tax withholding). This is a routine disposition to meet tax obligations rather than a discretionary open‑market sale for investment purposes.

Key Details

• Transaction date: 2026-08-01; Filing date (Form 4): 2026-08-04 (Accession: 0001192482-26-000411).
• Price per share: $217.13; Shares disposed: 3,935; Gross value: $854,407.
• Transaction code: F — payment of exercise price or tax liability via share disposition/withholding.
• Shares owned after transaction: Not specified in the provided filing summary.
• Filing timeliness: No late‑filing indicator noted in the summary.

Context Code F transactions typically reflect withholding or surrender of shares to satisfy taxes from an option exercise or restricted stock vesting (a form of cashless exercise), and are common among executives when equity awards vest. Such tax‑withholding disposals are procedural and do not necessarily signal the insider’s view on the company’s stock.