Jason Scott Scher - Sep 30, 2022 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
Sep 30, 2022
Transactions value $
$0
Form type
4
Date filed
2/23/2024, 11:07 AM
Previous filing
Sep 2, 2022
Next filing
Sep 5, 2023

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 Phantom Stock Award +6.01K 6.01K Sep 30, 2022 Common Stock 6.01K Direct F1, F2
transaction LWAY Phantom Stock Award +6.19K +103.08% 12.2K Dec 31, 2022 Common Stock 6.19K Direct F1, F2
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Each share of phantom stock represents a right to receive one share of common stock. Such shares of phantom stock were acquired upon deferral of the Reporting Person's Board of Director cash compensation for service on the Board of Directors in each of the quarters ended September 30, 2022 and December 31, 2022.
F2 The phantom stock becomes payable on the date that the Reporting Person no longer serves as a director of the Company.