POL SIKAR - 23 Aug 2023 Form 4 Insider Report for Lifeway Foods, Inc. (LWAY)

Role
Director
Signature
/s/ Pol Sikar
Issuer symbol
LWAY
Transactions as of
23 Aug 2023
Net transactions value
$0
Form type
4
Filing time
05 Sep 2023, 19:07:08 UTC
Previous filing
06 Sep 2022
Next filing
29 Mar 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 Gift $0 -2,500 -7.2% $0.000000 32,107 23 Aug 2023 Direct F1
transaction LWAY Common Stock, no par value Options Exercise $0 +1,600 +5% $0.000000 33,707 31 Aug 2023 Direct

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 1,758 time-based restricted stock awards all of which 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, 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.