[Form 4] FIVE BELOW, INC Insider Trading Activity

Rhea-AI Filing Summary

Kenneth R. Bull, COO & Interim CFO of Five Below, Inc. (FIVE), reported changes in his beneficial ownership on a Form 4 filed for transactions dated 09/16/2025. The filing shows acquisitions of 14,280 and 994 shares (both reported as acquisitions at $0) and a disposition of 6,558 shares at $149.06. Following these transactions the reported beneficial ownership totals 131,784 shares. The Form 4 was signed by an attorney-in-fact on 09/18/2025.

Insights

Corporate Governance Expert

TL;DR: Routine insider transactions by an executive; mix of acquisitions and a sale leaves net holdings reduced.

The report documents three transactions by the reporting executive: two acquisitions and one disposition on the same date. These filings are standard disclosures required under Section 16 and provide transparency about executive ownership changes. The final reported beneficial ownership is 131,784 shares. No additional contextual details (such as reason for acquisitions or dispositions) are provided in the filing.

Securities Analyst

TL;DR: Insider activity shows both buying and selling on 09/16/2025; net reported position is documented precisely.

The Form 4 lists two share acquisitions (14,280 and 994 shares at $0) and one disposition (6,558 shares at $149.06). The filing supplies exact post-transaction beneficial ownership figures for each line and the aggregate ending position of 131,784 shares. This is a routine, material disclosure for investor record-keeping but lacks broader transaction context in the document itself.

SEC Form 4

FORM 4

UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934
or Section 30(h) of the Investment Company Act of 1940

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Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).

1. Name and Address of Reporting Person^*

BULL KENNETH R

(Last) (First) (Middle)

C/O FIVE BELOW, INC.

701 MARKET STREET, SUITE 300

(Street)

PHILADELPHIA PA 19106

(City) (State) (Zip)

2. Issuer Name and Ticker or Trading Symbol
FIVE BELOW, INC [ FIVE ]

5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)

	Director		10% Owner
X	Officer (give title below)		Other (specify below)
	COO & Interim CFO

3. Date of Earliest Transaction (Month/Day/Year)
09/16/2025

4. If Amendment, Date of Original Filed (Month/Day/Year)

6. Individual or Joint/Group Filing (Check Applicable Line)

X	Form filed by One Reporting Person
	Form filed by More than One Reporting Person

Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1. Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	3. Transaction Code (Instr. 8)		4. Securities Acquired (A) or Disposed Of (D) (Instr. 3, 4 and 5)			5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4)	6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)
			Code	V	Amount	(A) or (D)	Price
Common Stock	09/16/2025		A		14,280	A	$0	137,348	D
Common Stock	09/16/2025		A		994	A	$0	138,342	D
Common Stock	09/16/2025		F		6,558	D	$149.06	131,784	D

Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 3)	2. Conversion or Exercise Price of Derivative Security	3. Transaction Date (Month/Day/Year)	3A. Deemed Execution Date, if any (Month/Day/Year)	4. Transaction Code (Instr. 8)		5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5)		6. Date Exercisable and Expiration Date (Month/Day/Year)		7. Title and Amount of Securities Underlying Derivative Security (Instr. 3 and 4)		8. Price of Derivative Security (Instr. 5)	9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4)	10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)
				Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares

Explanation of Responses:

	/s/ Ronald J. Masciantonio, as Attorney-In-Fact for Kenneth R. Bull	09/18/2025
	** Signature of Reporting Person	Date
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* If the form is filed by more than one reporting person, see Instruction 4 (b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB Number.

FAQ

What insider transactions did Kenneth R. Bull report for FIVE on 09/16/2025?

The Form 4 shows acquisitions of 14,280 and 994 shares (both at $0) and a disposition of 6,558 shares at $149.06.

What is Kenneth R. Bull's reported beneficial ownership of FIVE after the transactions?

The filing reports a post-transaction beneficial ownership of 131,784 shares.

What is Kenneth R. Bull's role at Five Below according to the Form 4?

The Form 4 lists Kenneth R. Bull as COO & Interim CFO and an officer of Five Below, Inc.

When was the Form 4 signed and filed for these FIVE transactions?

The form shows a signature by an attorney-in-fact on 09/18/2025 for transactions dated 09/16/2025.

What price was reported for the disposition on the Form 4?

The disposition of 6,558 shares was reported at a price of $149.06.