Amy M. Feldman - Aug 31, 2023 Form 4 Insider Report for Lifeway Foods, Inc. (LWAY)

Role
Sr. Exec VP of Sales
Signature
/s/ Eric Hanson, as attorney-in-fact
Stock symbol
LWAY
Transactions as of
Aug 31, 2023
Transactions value $
-$7,934
Form type
4
Date filed
9/5/2023, 09:52 AM
Previous filing
Aug 22, 2023
Next filing
Feb 14, 2024

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 +2.02K +6.67% $0.00 32.3K Aug 31, 2023 Direct F1
transaction LWAY Common Stock, no par value Tax liability -$7.93K -738 -2.28% $10.75 31.6K Aug 31, 2023 Direct F1, F2

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 -2.02K -33.33% $0.00 4.04K Aug 31, 2023 Common Stock 2.02K Direct F4
holding LWAY Restricted Stock Units 5.77K Aug 31, 2023 Common Stock 5.77K Direct F3
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Includes a time-based restricted stock award of which 4,166 shares will vest on April 20, 2024, contingent on the Reporting Person's continued service on the vesting date.
F2 No stock was sold. Such shares were surrendered to the issuer in connection with tax withholding obligations of the Reporting Person.
F3 Each restricted stock unit has a value equal to one share of common stock. Of such restricted stock units, 1,922 will vest on June 16, 2024, 1,922 shares will vest on June 16, 2025 and 1,921 will vest on June 16, 2026, contingent on the Reporting Person's continued service on each applicable vesting date.
F4 Each restricted stock unit has a value equal to one share of common stock. Of such restricted stock units, 2,022 shares will vest on each of August 31, 2024 and 2025, contingent on the Reporting Person's continued service on each applicable vesting date.