Edward Smolyansky - Oct 1, 2025 Form 4 Insider Report for Lifeway Foods, Inc. (LWAY)

Role: 10%+ Owner
Signature: /s/ Edward Smolyansky
Stock symbol: LWAY
Transactions as of: Oct 1, 2025
Transactions value $: -$2,166,926
Form type: 4
Date filed: 10/3/2025, 04:34 PM
Previous filing: Sep 25, 2025
SEC: View on sec.gov

Reporting Owners (1)

Name	Relationship	Address	Signature	Signature date	CIK
SMOLYANSKY EDWARD	10%+ Owner	1219 N. WELLS ST., CHICAGO	/s/ Edward Smolyansky	2025-10-03	0001227847

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
transaction	LWAY	Common Stock, no par value	Sale	-$633K	-24.8K	-2.01%	$25.52	1.21M	Oct 1, 2025	Direct	F1
transaction	LWAY	Common Stock, no par value	Sale	-$1.53M	-58.8K	-4.86%	$26.07	1.15M	Oct 1, 2025	Direct	F2
holding	LWAY	Common Stock, no par value						75K	Oct 1, 2025	See footnote	F3
holding	LWAY	Common Stock, no par value						1.23M	Oct 1, 2025	See footnote	F4
holding	LWAY	Common Stock, no par value						100K	Oct 1, 2025	By son	F5
holding	LWAY	Common Stock, no par value						50K	Oct 1, 2025	See footnote	F6

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

Explanation of Responses:

Id	Content
F1	The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging between $24.82 and $25.81, inclusive. The reporting person undertakes to provide to the issuer, any security holder of the issuer, or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the ranges set forth in this footnote 1 and footnote 2.
F2	The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging between $25.82 and $26.81, inclusive.
F3	Held by The Ludmila and Edward Smolyansky Family Foundation, of which the reporting person and his spouse are directors. The reporting person disclaims beneficial ownership of such shares.
F4	Beneficially held by the Edward Smolyansky Trust 2/2/16, of which the reporting person is the trustee.
F5	The reporting person disclaims beneficial ownership of the shares owned by his son.
F6	Held by Smolyansky Holding LLC. The reporting person disclaims beneficial ownership of such shares except to the extent of any pecuniary interest therein.