Form 4: Big Lots EVP Sells Shares in Pre-Planned Transaction

Big Lots Executive Vice President Michael Allen Schlonsky sold 32,112 shares of common stock in a pre-planned transaction.

Summary

• Executive Vice President Michael Allen Schlonsky sold 32,112 shares of Big Lots Inc. common stock.
• The transaction occurred on September 2, 2025, at a reported price of $0.0003 per share.
• The sale was conducted under a Rule 10b5-1 pre-planned trading arrangement, indicating it was scheduled in advance.
• Following the sale, Schlonsky directly owns 167,505 shares of common stock.
• Indirectly, Schlonsky beneficially owns 3,300 shares through the Joseph Schlonsky 2007 Trust and 4,020.65 shares through the Big Lots Savings Plan (401(k) Plan).

Sentiment

Score: 4

Explanation: The sale of shares by an Executive Vice President, even under a pre-planned 10b5-1 arrangement, can be viewed with slight caution by investors. The exceptionally low reported price of $0.0003 per share is highly unusual and could indicate a non-market transaction (e.g., a transfer or gift), which would make it less indicative of market sentiment. Without further context on the nature of this specific price, the sentiment is neutral to slightly negative due to the insider sale.

Positives

• The transaction was executed pursuant to a Rule 10b5-1(c) plan, which indicates the sale was pre-scheduled and not based on immediate, non-public information, enhancing transparency.

Negatives

• An Executive Vice President selling 32,112 shares could be interpreted by some investors as a lack of confidence in the company's future prospects, even if pre-planned.
• The reported sale price of $0.0003 per share is exceptionally low and unusual for a market transaction, which might raise questions about the specific nature of the disposition.

Risks

• NA

Future Outlook

NA

Industry Context

NA

Related Party Transactions

• The reporting person is the trustee of the Joseph Schlonsky 2007 Trust, which indirectly holds 3,300 shares of common stock, with the reporting person's sibling as the sole beneficiary.

Stakeholder Impact

• Insider sales, even if pre-planned, can sometimes influence investor confidence and perception of management's outlook on the company's future performance.

Key Dates

Keywords

Big Lots, BIGGQ, Insider Sale, Form 4, Michael Allen Schlonsky, Executive Vice President, Stock Transaction, 10b5-1 Plan