Jhunjhunwala Amit 4

What Happened

• Amit Jhunjhunwala, Chief Information Officer of Five Below (FIVE), had 563 shares withheld on 2026-03-20 and 227 shares withheld on 2026-03-21 to satisfy tax/exercise obligations tied to an equity award or option exercise. The shares were withheld at $227.42 per share, totaling 790 shares and approximately $179,661 in value. These transactions are reported with code F (payment of exercise price or tax liability), meaning shares were surrendered/withheld rather than sold in an open-market transaction.

Key Details

• Transaction dates and amounts:
  • 2026-03-20: 563 shares withheld @ $227.42 = $128,037
  • 2026-03-21: 227 shares withheld @ $227.42 = $51,624
• Total shares withheld: 790; total value ≈ $179,661.
• Filing date: Form 4 was filed on 2026-03-24 (transactions occurred 2026-03-20 and 2026-03-21).
• Shares owned after transaction: not specified in the provided excerpt—see the full SEC filing (Accession 0001192482-26-000219) for holdings.
• Footnote/transaction code: "F" indicates payment of exercise price or tax liability (net share withholding).

Context

• These were not open-market sales; they likely reflect a cashless/net withholding to cover taxes or exercise costs after an option exercise or vesting event. Such withholdings are common and typically routine administrative transactions rather than directional bets on the stock. Check the full Form 4 for additional context (e.g., original option grant, exercise details, or a 10b5-1 plan) and to confirm filing timeliness.