Eric A. Hanson - Aug 16, 2024 Form 4 Insider Report for Lifeway Foods, Inc. (LWAY)

Role
CFO
Signature
/s/ Eric A. Hanson
Stock symbol
LWAY
Transactions as of
Aug 16, 2024
Transactions value $
-$104,875
Form type
4
Date filed
8/19/2024, 02:27 PM
Previous filing
Jun 18, 2024
Next filing
Sep 4, 2024

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction LWAY Common Stock, no par value Sale -$105K -5.55K -17.84% $18.91 25.5K Aug 16, 2024 Direct F1

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 3.79K Aug 16, 2024 Common Stock 3.79K Direct F2
holding LWAY Restricted Stock Units 4.78K Aug 16, 2024 Common Stock 4.78K Direct F3
holding LWAY Restricted Stock Units 4.98K Aug 16, 2024 Common Stock 4.98K Direct 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 $18.85 to $18.95 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 Each restricted stock unit has a value equal to one share of common stock. Of such restricted stock units, 1,263 will vest on January 10, 2025, 1,263 will vest on January 10, 2026 and 1,261 will vest on January 10, 2027, contingent on the Reporting Person's continued service on each applicable vesting date.
F3 Each restricted stock unit has a value equal to one share of common stock. Of such restricted stock units, 2,390 will vest on June 16, 2025 and 2,390 will vest on June 16, 2026, contingent on the Reporting Person's continued service on each applicable vesting date.
F4 Each restricted stock unit has a value equal to one share of common stock. Of such restricted stock units, 2,489 will vest on August 31, 2024 and 2,488 will vest on August 31, 2025, contingent on the Reporting Person's continued service on each applicable vesting date.