The insider selling cluster is modest in size and lacks a clear catalyst, making it a low-conviction signal. Monitor for any upcoming earnings pre-announcement or guidance change that could explain the sales. Given the company's poor historical performance for bullish calls, avoid reading this as a bearish signal without additional context.
Price Chart
Executive Summary
A cluster of insider selling at Five Below over the past week, totaling $1.29M, was led by a director and the CHRO, with a smaller sale by the COO. While the dollar amount is modest relative to the company's $13.3B market cap (~0.01%), the cluster includes multiple C-suite and board-level participants. The historical performance data for FIVE shows a poor track record for prior bullish calls, with a 20% win rate at T+20 and negative average alpha, suggesting caution. However, the cross-filing actuarial verdicts indicate that the combination of insider trades with other corporate events (like earnings or press releases) has historically been an amplifier, though no such events are present here. The cluster is notable but not highly material on its own, warranting a neutral sentiment with a moderate impact score.
Key Financial Metrics
Key Facts
- Three insiders sold shares between 2026-09-02 and 2026-09-09.
- Total insider sales amounted to $1.29M, or approximately 0.01% of market cap.
- Director Michael F. Devine III sold the largest portion at $851K.
- CHRO Maureen Marie Gellerman sold $401K, and COO Kenneth R. Bull sold $36K.
- No open-market purchases were reported in the cluster.
Financial Impact
Total insider sales of $1.29M represent a negligible 0.01% of Five Below's $13.3B market cap.
Risk Factors
- Insider sales may be routine portfolio diversification or tax-related, not indicative of fundamental weakness.
- The cluster's small size relative to market cap limits its predictive power.
- Historical data shows a negative average alpha at T+20 for prior FIVE reports, suggesting the stock may not follow typical insider-selling patterns.
Market Snapshot
Investment Themes
Documents Analyzed
This report is based on 1 SEC document filed with EDGAR.
| Document | Accession Number |
|---|---|
| CLUSTER Data (Synthetic) | cluster-FIVE-1789164597600 |
Filters
| Type | Now | ||||
|---|---|---|---|---|---|
Sep 14, 2026 18d ago | 144 | $236.07 $232.28 | ▼ −1.61% | ▼ −3.72% | $221.19 (−6.30%) |
Sep 11, 2026 20d ago | Insider Cluster | $249.59 $236.14 | ▲ +5.39% | ▲ +5.50% | $221.19 (+11.38%) |
Sep 11, 2026 20d ago | Insider Cluster | $249.59 $236.14 | ▼ −5.39% | ▼ −5.50% | $221.19 (−11.38%) |
Sep 9, 2026 22d ago | Insider Cluster | $241.28 $236.80 | ▼ −1.86% | ▼ −1.36% | $221.19 (−8.33%) |
Sep 9, 2026 22d ago | Insider Cluster | $241.28 $236.80 | ▼ −1.86% | ▼ −1.36% | $221.19 (−8.33%) |
Sep 2, 2026 4w ago | Press Release | $239.96 $244.60 | ▲ +1.93% | ▲ +3.08% | $221.19 (−7.82%) |
Aug 19, 2026 6w ago | Press Release | $236.31 $246.98 | ▲ +4.52% | ▲ +3.40% | $221.19 (−6.40%) |
Jun 11, 2026 16w ago | Institutional Cluster | $201.97 $191.26 | ▼ −5.30% | ▼ −5.74% | $221.19 (+9.52%) |
Jun 3, 2026 17w ago | 8-K | $191.92 $201.97 | ▲ +5.24% | ▲ +7.79% | $221.19 (+15.25%) |
Jun 3, 2026 17w ago | Press Release | $191.92 $201.97 | ▲ +5.24% | ▲ +7.79% | $221.19 (+15.25%) |
US Market Status
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