Form 4: Michael Schlonsky reports sale and 167,505 shares held

Rhea-AI Filing Summary

Michael Allen Schlonsky, Executive Vice President and director-level reporting person for Big Lots, Inc., reported an insider sale on 09/02/2025. The filing shows 32,112 shares sold (transaction code S) at a reported price of $0.0003 per share, leaving 167,505 shares beneficially owned directly after the sale. The report also discloses 3,300 shares held indirectly by the Joseph Schlonsky 2007 Trust and 4,020.65 shares held indirectly under the Big Lots 401(k) Plan. The reporting person signed the Form 4 on 09/03/2025 and included explanatory notes about the trust and 401(k) source data.

Positive

• Filing includes required details (transaction date, amounts, post-transaction holdings and signature), demonstrating compliance with Section 16 reporting.
• Indirect holdings disclosed with explanation for trust relationship and 401(k) source, improving transparency about total ownership.

Negative

• No explanation of sale rationale or indication of a 10b5-1 plan is provided in the filing, limiting insight into whether the sale was routine or opportunistic.
• Reported per-share price appears anomalously low at $0.0003, but the filing supplies no context or clarification for that figure.

Insights

Securities Analyst

TL;DR: Insider sale of 32,112 shares reported; remaining direct ownership is 167,505 shares — a routine disclosure without further context.

The transaction shows an insider sale recorded with transaction code S on 09/02/2025. The sale reduced direct beneficial ownership to 167,505 shares. The filing provides clear breakdown of indirect holdings via a trust and the company's 401(k) plan, and includes the reporting person’s signature and explanatory notes. There is no additional financial or explanatory data in the filing to assess motive, pre-arranged plan, or material company events tied to this sale.

Corporate Governance Expert

TL;DR: Form 4 documents an insider disposition and discloses related indirect holdings; disclosure appears standard and complete.

The report identifies Michael Allen Schlonsky as the reporting person and provides required details: transaction date, quantity sold, post-transaction direct holdings, and indirect holdings by trust and 401(k). The explanatory footnotes clarify the trust relationship and the 401(k) reporting date. The filing does not indicate a 10b5-1 plan or other arrangement, nor any amendment, so governance disclosure obligations appear fulfilled but offer limited investor insight on intent.

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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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)
09/02/2025

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	09/02/2025		S		32,112	D	$0.0003	167,505	D
Common Stock								3,300	I	By the Trust(1)
Common Stock								4,020.65	I	By the 401(k) Plan(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. 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.

2. 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.

	Michael Allen Schlonsky	09/03/2025
	** 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 insider transaction did Michael Allen Schlonsky report for BIG?

He reported a sale of 32,112 shares of Big Lots common stock on 09/02/2025.

How many Big Lots shares does Schlonsky beneficially own after the reported sale?

The Form 4 shows 167,505 shares beneficially owned directly following the transaction.

Are there any indirect holdings reported by the insider?

Yes. The filing discloses 3,300 shares held by the Joseph Schlonsky 2007 Trust and 4,020.65 shares under the Big Lots 401(k) Plan.

Does the Form 4 indicate a 10b5-1 trading plan for the sale?

No. The filing does not check or state that the transaction was made pursuant to a 10b5-1 plan.

When was the Form 4 signed by the reporting person?

The signature block shows Michael Allen Schlonsky signed the Form 4 on 09/03/2025.