No. He has UP TO 5 days to OBJECT OR APPROVE to it’s release but he can approve or object any time before that as well.
He has already approved the release.
(B) The select committee may disclose publicly such information after the expiration of a five-day period following the day on which notice of the vote to disclose is transmitted to the President unless, before the expiration of the five-day period, the President, personally in writing, notifies the select committee that the President objects to the disclosure of such information, provides reasons therefor, and certifies that the threat to the national interest of the United States posed by the disclosure is of such gravity that it outweighs any public interest in the disclosure.Read the above carefully. The rule has no provision for the President giving early approval. The only communication the president can give is either objection within the five day window, or silence, with silence being taken as consent at the expiration of the five days.(C) If the President, personally in writing, notifies the select committee of objections to the disclosure of information as provided in subdivision (B), the select committee may, by majority vote, refer the question of the disclosure of such information, with a recommendation thereon, to the House. The select committee may not publicly disclose such information without leave of the House.
Saturday Feb 3 is the five day mark. The committee will most likely meet to release the memo on Monday Feb 5. It will dominate next week's news cycle.