Eric A. Hanson - Mar 28, 2025 Form 4 Insider Report for Lifeway Foods, Inc. (LWAY)

Role: CFO
Signature: /s/ Eric A. Hanson
Stock symbol: LWAY
Transactions as of: Mar 28, 2025
Transactions value $: $0
Form type: 4
Date filed: 4/1/2025, 02:15 PM
Previous filing: Mar 11, 2025
SEC: View on sec.gov

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
holding	LWAY	Common Stock, no par value						40.2K	Mar 28, 2025	Direct

Derivative Securities (e.g., puts, calls, warrants, options, convertible securities)

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Underlying Class	Amount	Exercise Price	Ownership	Footnotes
transaction	LWAY	Restricted Stock Units	Award		+2.23K			2.23K	Mar 28, 2025	Common Stock	2.23K		Direct	F4
holding	LWAY	Restricted Stock Units						2.52K	Mar 28, 2025	Common Stock	2.52K		Direct	F1
holding	LWAY	Restricted Stock Units						4.78K	Mar 28, 2025	Common Stock	4.78K		Direct	F2
holding	LWAY	Restricted Stock Units						2.49K	Mar 28, 2025	Common Stock	2.49K		Direct	F3

* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id	Content
F1	Each restricted stock unit has a value equal to one share of common stock. Of such restricted stock units, 1,263 will vest on January 10, 2026 and 1,261 will vest on January 10, 2027, contingent on the Reporting Person's continued service on each applicable vesting date.
F2	Each restricted stock unit has a value equal to one share of common stock. Of such restricted stock units, 2,390 will vest on June 16, 2025 and 2,390 will vest on June 16, 2026, contingent on the Reporting Person's continued service on each applicable vesting date.
F3	Each restricted stock unit has a value equal to one share of common stock. The restricted stock units will vest on August 31, 2025, contingent on the Reporting Person's continued service on the vesting date.
F4	Each restricted stock unit has a value equal to one share of common stock. Of such restricted stock units, 743 will vest on March 28, 2026, 743 will vest on March 28, 2027, and 742 will vest on March 28, 2028, contingent on the Reporting Person's continued service on each applicable vesting date.