The insider selling cluster is small relative to market cap and lacks a strong bearish signal on its own, but the pattern of consistent selling (8 prior sells in 30 days) and poor historical T+20 performance on bullish calls for this ticker warrant caution. Monitor for any upcoming earnings pre-announcement or guidance revision that could explain the selling. The lack of a 10b5-1 pattern across different dates suggests some discretion, but the dollar amounts are too small to be a material red flag.
Price Chart
Executive Summary
A cluster of insider selling at Five Below over a 7-day window shows three insiders — COO Kenneth Bull, Director Michael Devine III, and CHRO Maureen Gellerman — selling a total of ~$1.29M in open-market transactions. While the dollar amount is modest relative to the $13.5B market cap (~0.01%), the cluster includes a C-suite officer and a director, and the historical calibration for this ticker shows poor T+20 performance on prior bullish calls, suggesting caution. The selling is not driven by a single vesting event (different dates and sizes) and lacks a clear 10b5-1 pattern, but the small scale relative to market cap limits the bearish signal.
Key Financial Metrics
Key Facts
- Three insiders sold a total of ~$1.29M in open-market transactions over 7 days (Sep 3–10, 2026)
- COO Kenneth Bull sold 143 shares at $252.90 for $36K on Sep 4
- Director Michael Devine III sold 3,400 shares at $250.44 for $851K on Sep 4
- CHRO Maureen Gellerman sold 1,610 shares at $248.94 for $401K on Sep 9
- Total selling of ~$1.29M represents ~0.01% of Five Below's $13.5B market cap
- Director Dinesh Lathi made a non-cash gift of 110 shares ($0 value) on Sep 10
- Prior 30-day insider activity: 8 sells totaling $2.7M, consistent with ongoing selling pattern
Financial Impact
~$1.29M in insider selling, ~0.01% of market cap — trivial in absolute size
Risk Factors
- Insider selling may indicate management's lack of confidence in near-term prospects, though the small scale limits this concern
- Historical calibration shows poor T+20 performance on prior bullish calls for FIVE (20% win rate, -3.73% avg return)
- Retail-variety store sector faces margin pressure from inflation and shifting consumer spending
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-1789448629519 |
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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