Yes it is

Samsung Electronics GmbH
Hello,
Thank you for your enquiry.
Yes, but please note that the Samsung Portable SSD T5 can only be used to install PS4 games on the Sony PlayStation 5, not PS5 games.
We recommend the Samsung Portable SSD T7 / T7 Touch as an alternative.
Kind regards from Schwalbach,
Your Samsung Service Team

Unfortunately, I can't help you there. Ask Google or Samsung.