ERIC M. SPECTER - 13 Jan 2026 Form 4 Insider Report for FIVE BELOW, INC (FIVE)

Role: CAO
Signature: /s/ Kenneth R. Bull, Attorney-In-Fact for Eric M. Specter
Issuer symbol: FIVE
Transactions as of: 13 Jan 2026
Net transactions value: -$1,709,798
Form type: 4
Filing time: 15 Jan 2026, 19:18:43 UTC
Previous filing: 18 Sep 2025
Next filing: 27 Jan 2026
SEC: View on sec.gov

Reporting Owners (1)

Name	Relationship	Address	Signature	Signature date	CIK
SPECTER ERIC M	CAO	C/O FIVE BELOW, INC., 701 MARKET STREET, SUITE 300, PHILADELPHIA	/s/ Kenneth R. Bull, Attorney-In-Fact for Eric M. Specter	15 Jan 2026	0001024770

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
transaction	FIVE	Common Stock	Sale	$1,412,338	-7,026	-13%	$201.02	47,198	13 Jan 2026	Direct	F1
transaction	FIVE	Common Stock	Sale	$295,432	-1,464	-3.1%	$201.80	45,734	13 Jan 2026	Direct	F2
transaction	FIVE	Common Stock	Sale	$2,028	-10	-0.02%	$202.82	45,724	13 Jan 2026	Direct

* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id	Content
F1	The price reported in column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $200.4500 to $201.3974 inclusive. The reporting person undertakes to provide to the Issuer, any security holder of the Issuer, or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the range set forth in this footnote.
F2	The price reported in column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $201.4800 to $202.0720 inclusive.

Content

The price reported in column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $200.4500 to $201.3974 inclusive. The reporting person undertakes to provide to the Issuer, any security holder of the Issuer, or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the range set forth in this footnote.

The price reported in column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $201.4800 to $202.0720 inclusive.