Five Below Officer Maureen Gellerman Files Form 144 for $400K Proposed Share Sale

Executive Summary

On September 9, 2026, Maureen Gellerman, an officer of FIVE BELOW, INC. (FIVE), filed Form 144 with the SEC indicating an intention to sell up to 1,610 common shares with an estimated aggregate market value of $400,791.31 (approx. $248.94 per share).

Transaction & Acquisition Details

• Securities Offered: 1,610 shares of Common Stock.
• Origin of Shares:
  • 81 shares acquired on March 8, 2025, through a restricted stock award from the issuer.
  • 1,529 shares acquired on August 1, 2025, through a restricted stock award.
• Broker: Morgan Stanley Smith Barney LLC Executive Financial Services.
• Past 3 Months Activity: No reported sales during the past three months.

Market Impact & Significance

• Trading Significance: Low. The proposed sale represents a fractional percentage (0.003%) of Five Below's 55,054,035 outstanding shares.
• Routine monetization of vested equity awards is standard practice for corporate officers and does not signify an operational or fundamental shift for the business.