SPECTER ERIC M 4

What Happened
Eric M. Specter, Chief Accounting Officer of Five Below (FIVE), had 1,017 shares disposed to satisfy tax liabilities tied to a prior option exercise. The disposals were 724 shares at $227.42 on 2026-03-20 (≈ $164,652) and 293 shares at $227.42 on 2026-03-21 (≈ $66,634), for a combined value of about $231,286. These were tax-withholding/share-for-tax transactions (routine disposals), not open-market purchases.

Key Details

• Transaction dates and prices: 724 shares @ $227.42 on 2026-03-20; 293 shares @ $227.42 on 2026-03-21.
• Total shares disposed: 1,017; approximate total value: $231,286.
• Transaction code: F — payment of exercise price or tax liability (net share withholding or sale to cover taxes).
• Shares owned after the transaction: Not specified in this filing.
• Filing date: 2026-03-24. No late filing flag indicated (timely filing).

Context
These disposals appear to be tax-related withholdings tied to an option exercise (common practice when employees exercise equity and use some shares to cover taxes). Such routine withholding sales do not necessarily indicate the insider’s view on the company’s prospects. Transaction code F denotes tax withholding or payment of exercise price rather than a voluntary market sale to raise cash.