Observations of active asteroid P/2017 S5 when near perihelion reveal the ejection of large (10 2 to 10 4 µm) particles at 0.2 to 2 m s −1 speeds, with estimated mass-loss rates of a few kg s −1 . The protracted nature of the mass loss (continuous over ∼150 days) is compatible with a sublimation origin, meaning that this object is likely an ice-bearing main-belt comet. Equilibrium sublimation of exposed water ice covering as little as 0.1 km 2 can match the data. Observations a year after perihelion show the object in an inactive state from which we deduce a nucleus effective radius 450 +100 −60 m (albedo 0.06±0.02 assumed). The gravitational escape speed from a body of this size is just ∼0.3 m s −1 , comparable to the inferred ejection speed of the dust. Time-series photometry provides tentative evidence for rapid rotation (lightcurve period 1.4 hour) that may also play a role in the loss of mass and which, if real, is a likely consequence of spin-up by sublimation torques. P/2017 S5 shares both physical and orbital similarities with the split active asteroid pair P/2016 J1-A and J1-B, and all three objects are likely members of the ∼7 Myr old, collisionally produced, Theobalda family. Subject headings: comets: general -minor planets, asteroids: general-comets: individual (P/2017 S5.)-minor planets, asteroids: individual (2017 S5.)