Ludmila Smolyansky - Mar 30, 2023 Form 4/A - Amendment Insider Report for Lifeway Foods, Inc. (LWAY)

Signature
/s/ Ludmila Smolyansky
Stock symbol
LWAY
Transactions as of
Mar 30, 2023
Transactions value $
$0
Form type
4/A - Amendment
Date filed
10/30/2023, 09:18 PM
Date Of Original Report
Mar 31, 2023
Previous filing
Feb 13, 2023
Next filing
Oct 30, 2023

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction LWAY Common Stock, no par value Gift $0 -250K -12.99% $0.00 1.67M Mar 30, 2023 See footnote F1, F2
holding LWAY Common Stock, no par value 27.3K Mar 30, 2023 See footnote F3

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
holding LWAY Restricted Stock Units 4.8K Mar 30, 2023 Common Stock 4.8K Direct F4
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 On March 31, 2023, the reporting person filed a Form 4 which omitted a gift of 250,000 shares by the Ludmila Smolyansky Trust 2/1/05, which is reflected in this amended report.
F2 Held by the Ludmila Smolyansky Trust 2/1/05, of which Ludmila Smolyansky is the trustee.
F3 Held by The Smolyansky Family Foundation, of which Ludmila Smolyansky is the trustee.
F4 Each restricted stock unit has a value equal to one share of common stock. Of such restricted stock units, 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. The issuance of shares upon vesting of the restricted stock units is dependent on receipt by the Company of consent and agreement by DanoneWave PBC ("Danone") that such issuance will not constitute a breach of violation of or constitute "New Securities" under that certain Stockholders' Agreement, dated as of October 1, 1999, by and among the Corporation, Danone, Michael Smolyansky and the other stockholders of the Corporation listed therein, as amended by that certain letter agreement dated September 24, 1999 and as further amended from time to time.