Jody Levy - Aug 31, 2023 Form 4 Insider Report for Lifeway Foods, Inc. (LWAY)

Role
Director
Signature
/s/ Eric Hanson, as attorney-in-fact
Stock symbol
LWAY
Transactions as of
Aug 31, 2023
Transactions value $
$0
Form type
4
Date filed
9/5/2023, 05:19 PM
Previous filing
Feb 24, 2023
Next filing
Jul 2, 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 +1.6K +7.71% $0.00 22.3K Aug 31, 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 -1.6K -33.33% $0.00 3.2K Aug 31, 2023 Common Stock 1.6K Direct F2
transaction LWAY Restricted Stock Units Award $0 +4.65K $0.00 4.65K Aug 31, 2023 Common Stock 4.65K 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.