Jason Scott Scher - 30 Sep 2022 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
30 Sep 2022
Net transactions value
$0
Form type
4
Filing time
23 Feb 2024, 11:07:14 UTC
Previous filing
02 Sep 2022
Next filing
05 Sep 2023
SEC
View on sec.gov

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 +6,009 6,009 30 Sep 2022 Common Stock 6,009 Direct F1, F2
transaction LWAY Phantom Stock Award +6,194 +103% 12,203 31 Dec 2022 Common Stock 6,194 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.