BIG Form 4: EVP Michael Schlonsky Sells 63,167 Shares on 08/28/2025

Rhea-AI Filing Summary

Insider sale reported by Michael Allen Schlonsky, Executive Vice President of Big Lots, Inc. (ticker: BIG). On 08/28/2025 Mr. Schlonsky sold 63,167 shares of Big Lots common stock at a reported price of $0.0018 per share. After the sale he beneficially owned 199,617 shares directly, plus 4,020.65 shares held in the company 401(k) Plan and 3,300 shares held indirectly as trustee of the Joseph Schlonsky 2007 Trust. The filing discloses his officer role and confirms the 401(k) and trust holdings.

Positive

• Clear disclosure of the officer's name, role, transaction date, number of shares sold, and post-transaction holdings
• Indirect holdings disclosed (4,020.65 shares in 401(k) Plan and 3,300 shares in trust), improving transparency

Negative

• Sale of 63,167 shares by an Executive Vice President reduces direct ownership to 199,617 shares
• No indication the transaction was made pursuant to a Rule 10b5-1 trading plan in the filing

Insights

Financial Analyst

TL;DR: Officer sold a material block of shares; overall holdings remain concentrated.

The Form 4 shows a single open-market sale of 63,167 shares on 08/28/2025 at $0.0018 per share by an Executive Vice President. After the transaction the reporting person holds 199,617 shares directly and additional indirect holdings via a 401(k) Plan (4,020.65 shares) and a trust (3,300 shares). This is a routine Section 16 disclosure of insider trading activity; the filing provides clear post-transaction ownership figures that investors can use to update insider ownership metrics.

Corporate Governance Expert

TL;DR: Disclosure is complete and timely; sale is notable but not accompanied by explanatory plan language.

The Form 4 identifies the reporting person, relationship to issuer, transaction date and exact share counts, and includes explanations for indirect holdings (401(k) Plan and trust). The form does not indicate that the sale was made pursuant to a Rule 10b5-1 plan. As filed, the document meets Section 16 reporting requirements and allows stakeholders to assess insider alignment with shareholders based on updated ownership.

SEC Form 4

FORM 4

UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934
or Section 30(h) of the Investment Company Act of 1940

OMB APPROVAL

OMB Number:			3235-0287
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hours per response:			0.5

Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).

Check this box to indicate that a transaction was made pursuant to a contract, instruction or written plan for the purchase or sale of equity securities of the issuer that is intended to satisfy the affirmative defense conditions of Rule 10b5-1(c). See Instruction 10.

1. Name and Address of Reporting Person^*

Schlonsky Michael Allen

(Last) (First) (Middle)

4900 E. DUBLIN-GRANVILLE ROAD

(Street)

COLUMBUS OH 43081

(City) (State) (Zip)

2. Issuer Name and Ticker or Trading Symbol
BIG LOTS INC [ BIGGQ ]

5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)

	Director		10% Owner
X	Officer (give title below)		Other (specify below)
	Executive Vice President

3. Date of Earliest Transaction (Month/Day/Year)
08/28/2025

4. If Amendment, Date of Original Filed (Month/Day/Year)

6. Individual or Joint/Group Filing (Check Applicable Line)

X	Form filed by One Reporting Person
	Form filed by More than One Reporting Person

Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1. Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	3. Transaction Code (Instr. 8)		4. Securities Acquired (A) or Disposed Of (D) (Instr. 3, 4 and 5)			5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4)	6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)
			Code	V	Amount	(A) or (D)	Price
Common Stock	08/28/2025		S		63,167	D	$0.0018	199,617	D
Common Stock								4,020.65	I	By the 401(k) Plan(1)
Common Stock								3,300	I	By the Trust(2)

Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 3)	2. Conversion or Exercise Price of Derivative Security	3. Transaction Date (Month/Day/Year)	3A. Deemed Execution Date, if any (Month/Day/Year)	4. Transaction Code (Instr. 8)		5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5)		6. Date Exercisable and Expiration Date (Month/Day/Year)		7. Title and Amount of Securities Underlying Derivative Security (Instr. 3 and 4)		8. Price of Derivative Security (Instr. 5)	9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4)	10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)
				Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares

Explanation of Responses:

1. Common Stock held under the Big Lots Savings Plan ("401(k) Plan"). This information is based on a 401(k) Plan report dated March 25, 2024.

2. The reporting person was appointed trustee of the Joseph Schlonsky 2007 Trust (the "Trust") on September 30, 2012. The reporting person's sibling is the sole beneficiary of the Trust.

	Michael Allen Schlonsky	09/02/2025
	** Signature of Reporting Person	Date
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* If the form is filed by more than one reporting person, see Instruction 4 (b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB Number.

FAQ

What did Michael Allen Schlonsky report on Form 4 for BIG?

The filing reports a sale of 63,167 shares on 08/28/2025 at a price of $0.0018 per share and shows post-transaction direct ownership of 199,617 shares.

How many Big Lots shares does Schlonsky hold indirectly?

He holds 4,020.65 shares in the company 401(k) Plan and 3,300 shares indirectly as trustee of the Joseph Schlonsky 2007 Trust.

What is Schlonsky's role at Big Lots as stated in the filing?

The Form 4 lists Michael Allen Schlonsky as an Executive Vice President of Big Lots, Inc.

Was the sale reported as part of a 10b5-1 trading plan?

The Form 4 does not indicate that the transaction was made pursuant to a Rule 10b5-1 plan.

When was the Form 4 signed by the reporting person?

The signature block shows Michael Allen Schlonsky with a signature date of 09/02/2025.