Pol Sikar - Mar 28, 2024 Form 4 Insider Report for Lifeway Foods, Inc. (LWAY)

Role
Director
Signature
/s/ Pol Sikar
Stock symbol
LWAY
Transactions as of
Mar 28, 2024
Transactions value $
-$171,900
Form type
4
Date filed
3/29/2024, 04:41 PM
Previous filing
Sep 5, 2023
Next filing
Jul 5, 2024

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction LWAY Common Stock, no par value Sale -$172K -10K -29.67% $17.19 23.7K Mar 28, 2024 Direct F1, F2

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 3.2K Mar 28, 2024 Common Stock 3.2K Direct F2, F3
holding LWAY Restricted Stock Units 4.65K Mar 28, 2024 Common Stock 4.65K Direct F3, F4
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 The reported price is a weighted average price. These shares were sold in multiple transactions at prices ranging from $17.12 to $17.38 per share, inclusive. The holder undertakes to provide to the issuer, any security holder of the issuer, or the staff of the Securities and Exchange Commission, upon written request, full information regarding the number of shares sold at each separate price within the range set forth in this footnote.
F2 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.
F3 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.
F4 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.