Ludmila Smolyansky - Oct 7, 2025 Form 4 Insider Report for Lifeway Foods, Inc. (LWAY)

Role
Member of 10% owner group
Signature
/s/ Ludmila Smolyansky
Stock symbol
LWAY
Transactions as of
Oct 7, 2025
Transactions value $
-$396,000
Form type
4
Date filed
10/9/2025, 08:28 PM
Previous filing
May 5, 2025
SEC
View on sec.gov

Reporting Owners (1)

Name Relationship Address Signature Signature date CIK
SMOLYANSKY LUDMILA Member of 10% owner group C/O EDWARD SMOLYANSKY, 1219 N WELLS ST, CHICAGO /s/ Ludmila Smolyansky 2025-10-09 0001227848

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction LWAY Common Stock, no par value Sale -$132K -5K -0.59% $26.32 843K Oct 7, 2025 See footnote F1, F2
transaction LWAY Common Stock, no par value Sale -$264K -10K -1.19% $26.44 833K Oct 8, 2025 See footnote F2, F3
holding LWAY Common Stock, no par value 17.3K Oct 7, 2025 See footnote F4
holding LWAY Common Stock, no par value 75K Oct 7, 2025 See footnote F5
* 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 $25.83 and $26.82, 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 range set forth in footnotes (1) and (3).
F2 Held by the Ludmila Smolyansky Trust 2/1/05, of which Ludmila Smolyansky is the trustee.
F3 The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging between $25.89 and $26.88, inclusive.
F4 Held by The Smolyansky Family Foundation, of which Ludmila Smolyansky is the trustee.
F5 Held by The Ludmila and Edward Smolyansky Family Foundation, of which Ludmila Smolyansky is a director. The reporting person disclaims beneficial ownership of such shares.