JASON SCOTT SCHER - 31 Mar 2025 Form 4 Insider Report for Lifeway Foods, Inc. (LWAY)

Role
Director
Signature
/s/ Eric Hanson, as attorney-in-fact
Issuer symbol
LWAY
Transactions as of
31 Mar 2025
Net transactions value
$0
Form type
4
Filing time
02 Apr 2025, 13:25:57 UTC
Previous filing
03 Jan 2025
Next filing
30 Jun 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 24,567 31 Mar 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 Phantom Stock Award +931 +1.3% 72,118 31 Mar 2025 Common Stock 931 Direct F4
holding LWAY Restricted Stock Units 1,600 31 Mar 2025 Common Stock 1,600 Direct F1
holding LWAY Restricted Stock Units 3,101 31 Mar 2025 Common Stock 3,101 Direct F2
holding LWAY Restricted Stock Units 4,066 31 Mar 2025 Common Stock 4,066 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 ("RSU") has a value equal to one share of common stock. The remaining RSUs will vest on August 31, 2025, contingent on the Reporting Person's continued service as a Director on the vesting date.
F2 Each RSU has a value equal to one share of common stock. Of such RSUs, 1,551 will vest on August 31, 2025 and 1,550 will vest on August 31, 2026, contingent on the Reporting Person's continued service as a Director on each applicable vesting date.
F3 Each RSU has a value equal to one share of common stock. Of such RSUs, 1,356 will vest on each of July 1, 2025 and 2026 and 1,354 will vest on July 1, 2027, contingent on the Reporting Person's continued service as a Director on each applicable vesting date.
F4 Each share of phantom stock represents a right to receive one share of common stock. The acquired shares of phantom stock were acquired upon deferral of the Reporting Person's cash compensation for service on the Board of Directors in the quarter ended March 31, 2025. The phantom stock becomes payable on the date that the Reporting Person no longer serves as a director of the Company.