JODY LEVY - 31 Aug 2023 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 Aug 2023
Net transactions value
$0
Form type
4
Filing time
05 Sep 2023, 17:19:02 UTC
Previous filing
24 Feb 2023
Next filing
02 Jul 2024
SEC
View on sec.gov

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 +1,600 +7.7% $0.000000 22,340 31 Aug 2023 Direct F1

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 -1,600 -33% $0.000000 3,200 31 Aug 2023 Common Stock 1,600 Direct F2
transaction LWAY Restricted Stock Units Award $0 +4,652 $0.000000 4,652 31 Aug 2023 Common Stock 4,652 Direct F3
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Includes time-based restricted stock awards of which 1,758 shares will vest on August 12, 2024, contingent on the Reporting Person's continued service as a Director on each applicable vesting date.
F2 Each restricted stock unit ("RSU") has a value equal to one share of common stock. Of such RSUs, 1,600 will vest on each of August 31, 2023, 2024 and 2025, 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, 1,551 will vest on each of August 31, 2024 and 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.

Remarks:

EX-24. Power of Attorney, dated as of February 24, 2023.