Wear OS 5 is now rolling out to Samsung Galaxy Watch 5 and Watch FE models

Following the Samsung Galaxy Watch Ultra, Watch 7, and Watch 6, some of the older and budget Galaxy Watches are getting Wear OS 5.

source https://www.androidcentral.com/apps-software/wear-os-5-is-now-rolling-out-to-samsung-galaxy-watch-5-and-watch-fe-models