SPECTER ERIC M sold $1.4M of FIVE
SPECTER ERIC M (CAO) sold 5,500 shares of FIVE BELOW, INC (FIVE) at $248.99 ($1.37M total) on 2026-09-14.
How this was made
The 30-second read
Why it matters
The disclosed sale provides fresh data on insider sentiment, which traders may factor into short‑term positioning.
Market read
First‑hand insider sale information that could influence short‑term price action.
What to watch
Upcoming earnings report may offset negative sentiment from the insider sale.
Background
Form 4 filing discloses insider transactions required by the SEC.
Ticker impact
CAO Eric Specter sold 5,500 shares of Five Below for $1.37M, reducing his stake to 35,482 shares.
Possible modest short-term downside pressure.
The sale size is material for a mid‑cap retailer and occurs outside a 10b5‑1 plan, suggesting a discretionary decision.
Market effects
Retail sector may see slight pressure as insider activity is monitored.
US market
Limited
Counterpoint
The sale could be unrelated to company outlook, e.g., personal liquidity needs.
Key entities
- CompanyFive Below, Inc.
U.S. retailer of value‑priced merchandise, ticker FIVE.
- ExecutiveEric Specter
Chief Accounting Officer of Five Below.



