Insider Cluster (4 insiders) ·Filed Sep 16, 2026
Insider cluster: 3 insiders, $2.0M total
Actionable Insight ▼ Bearish
Monitor for any subsequent 8-K or earnings pre-announcement that might explain the selling; absent that, treat as routine portfolio diversification.
Latest settled — T+20d
FIVE ▼ -5.73% at T+20d
SHORT call ✓ call won +5.73% · α vs SPY +6.94% · entry $236.80 → $223.23
Latest observation: T+26 +12.52% FF3 residual α
T+1d
-1.12%
call +1.12% · α +1.00%
$234.14
settled 6w ago
T+5d
-6.09%
call +6.09% · α +6.69%
$222.38
settled 5w ago
T+20d
-5.73%
call +5.73% · α +6.94%
$223.23
settled 13d ago
T+60d
Pending
in 6w
Price Chart
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Executive Summary
Three insiders at Five Below sold a total of ~$1.97M in open-market sales over a one-week window, led by the Chief Accounting Officer selling $1.37M. The sales are not plan-driven and represent ~0.6% of market cap, a modest but notable insider cluster.
Key Financial Metrics
Direction
selling
Total Value
$2.0M
Insiders
4
Key Facts
- Three insiders sold a combined ~$1.97M in open-market sales (Sept 7-14, 2026)
- Chief Accounting Officer Eric Specter sold $1.37M (5.5K shares at ~$248.99)
- CHRO Maureen Gellerman sold $401K (1.6K shares at ~$248.94)
- CMOO Jacob Hawkins sold $204K (818 shares at ~$248.88)
- One director made a non-cash gift of 110 shares ($0 value)
- Total sales represent ~0.6% of market cap — modest but above the 0.1% threshold for bearish signal
- No 10b5-1 plan indication on any of the sales
Financial Impact
~$1.97M in insider open-market sales, ~0.6% of market cap
insider ownership
Risk Factors
- Insider sales may be liquidity-driven despite lack of 10b5-1 plan
- Sales are modest relative to market cap (~0.6%) and may not indicate material negative news
Investment Themes
Consumer & Retail
Documents Analyzed
This report is based on 1 SEC document filed with EDGAR.
| Document | Accession Number |
|---|---|
| CLUSTER Data (Synthetic) | cluster-FIVE-1789592535176 |
20 reports for FIVE
83% Hit rate @ T+5 Went positive at some point 6 of 7 best @ T+60▲ +26.04%
Filters
Rows
| Type | Now | ||||
|---|---|---|---|---|---|
Oct 23, 2026 3d ago | Institutional Cluster | $223.24 | awaiting T+5 | — | $230.00 (−3.03%) |
Oct 14, 2026 12d ago | 8-K | $223.23 $225.87 | ▲ +1.18% | ▲ +2.20% | $230.00 (+3.03%) |
Sep 23, 2026 4w ago | 8-K | $222.38 $221.17 | ▼ −0.54% | ▼ −0.13% | $230.00 (+3.43%) |
Sep 16, 2026 5w ago | Insider Cluster | $236.80 $222.38 | ▲ +6.09% | ▲ +6.69% | $230.00 (+2.87%) |
Sep 14, 2026 6w ago | 144 | $236.07 $232.28 | ▼ −1.61% | ▼ −3.72% | $230.00 (−2.57%) |
Sep 11, 2026 6w ago | Insider Cluster | $249.59 $236.14 | ▲ +5.39% | ▲ +5.50% | $230.00 (+7.85%) |
Sep 11, 2026 6w ago | Insider Cluster | $249.59 $236.14 | ▼ −5.39% | ▼ −5.50% | $230.00 (−7.85%) |
Sep 9, 2026 6w ago | Insider Cluster | $241.28 $236.80 | ▼ −1.86% | ▼ −1.36% | $230.00 (−4.68%) |
Sep 9, 2026 6w ago | Insider Cluster | $241.28 $236.80 | ▼ −1.86% | ▼ −1.36% | $230.00 (−4.68%) |
Sep 2, 2026 7w ago | Press Release | $239.96 $244.60 | ▲ +1.93% | ▲ +3.08% | $230.00 (−4.15%) |
Showing 10 of 20
US Market Status
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