JULIE SMOLYANSKY - 16 Jun 2025 Form 4 Insider Report for Lifeway Foods, Inc. (LWAY)

Role
CEO, President and Secretary, Director, 10%+ Owner
Signature
/s/ Julie Smolyansky
Issuer symbol
LWAY
Transactions as of
16 Jun 2025
Net transactions value
-$132,372
Form type
4
Filing time
18 Jun 2025, 13:53:30 UTC
Previous filing
20 May 2025
SEC
View on sec.gov

Reporting Owners (1)

Name Relationship Address Signature Signature date CIK
SMOLYANSKY JULIE CEO, President and Secretary, Director, 10%+ Owner C/O LIFEWAY FOODS, INC., 6431 OAKTON STREET, MORTON GROVE /s/ Julie Smolyansky 18 Jun 2025 0001227846

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction LWAY Common Stock, no par value Options Exercise $0 +12,113 +0.57% $0.000000 2,144,596 16 Jun 2025 Direct
transaction LWAY Common Stock, no par value Tax liability $132,372 -5,278 -0.25% $25.08 2,139,318 16 Jun 2025 Direct F1
holding LWAY Common Stock, no par value 22,216 16 Jun 2025 See footnote F2
holding LWAY Common Stock, no par value 5,122 16 Jun 2025 See footnote F3
holding LWAY Common Stock, no par value 500,000 16 Jun 2025 See footnote F4

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 Options Exercise $0 -12,113 -50% $0.000000 12,111 16 Jun 2025 Common Stock 12,113 Direct F5
holding LWAY Restricted Stock Units 12,138 16 Jun 2025 Common Stock 12,138 Direct F6
holding LWAY Restricted Stock Units 13,334 16 Jun 2025 Common Stock 13,334 Direct F7
holding LWAY Restricted Stock Units 10,191 16 Jun 2025 Common Stock 10,191 Direct F8
holding LWAY Restricted Stock Units 970 16 Jun 2025 Common Stock 970 See footnote F3, F9
holding LWAY Restricted Stock Units 1,019 16 Jun 2025 Common Stock 1,019 See footnote F3, F10
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 No stock was sold. Such shares were surrendered to the issuer in connection with tax withholding obligations of the Reporting Person.
F2 Held for the benefit of minor children.
F3 Held by the Reporting Person's spouse.
F4 Held by Smolyansky Holding LLC of which the reporting person is the beneficial owner of 50%. The reporting person disclaims beneficial ownership of such shares except to the extent of any pecuniary interest therein.
F5 Each restricted stock unit has a value equal to one share of common stock. The remaining restricted stock units will vest on June 16, 2026, contingent on the Reporting Person's continued service on the vesting date.
F6 Each restricted stock unit has a value equal to one share of common stock. Of such restricted stock units, 6,070 will vest on January 10, 2026 and 6,068 will vest on January 10, 2027, contingent on the Reporting Person's continued service on each applicable vesting date.
F7 Each restricted stock unit has a value equal to one share of common stock. The remaining restricted stock units will vest on August 31, 2025, contingent on the Reporting Person's continued service on the vesting date.
F8 Each restricted stock unit has a value equal to one share of common stock. Of such restricted stock units, 3,397 will vest on March 28, 2026, 3,397 will vest on March 28, 2027, and 3,397 will vest on March 28, 2028, contingent on the Reporting Person's continued service on each applicable vesting date.
F9 Each restricted stock unit has a value equal to one share of common stock. Of such restricted stock units, 486 will vest on January 10, 2026 and 484 will vest on January 10, 2027, contingent on the Reporting Person's spouse's continued service on each applicable vesting date.
F10 Each restricted stock unit has a value equal to one share of common stock. Of such restricted stock units, 340 will vest on March 28, 2026, 340 will vest on March 28, 2027, and 339 will vest on March 28, 2028, contingent on the Reporting Person's spouse's continued service on each applicable vesting date.