FIVE · Five Below appointed Scott Settersten, former CFO of Ulta Beauty, to…

Five Below appointed Scott Settersten, former CFO of Ulta Beauty, to its Board of Directors and Audit Committee, effective September 21, 2026. The board was expanded from nine to ten members. This is a routine governance enhancement with no immediate financial impact.

• Board expanded from 9 to 10 directors
• Scott Settersten elected as independent director and Audit Committee member
• Settersten served as Ulta Beauty CFO from 2012 to March 2024
• Initial equity award of 545 restricted stock units granted, vesting at next annual meeting