Eric A. Hanson - Aug 31, 2024 Form 4 Insider Report for Lifeway Foods, Inc. (LWAY)

Role
CFO
Signature
/s/ Eric A. Hanson
Stock symbol
LWAY
Transactions as of
Aug 31, 2024
Transactions value $
-$19,870
Form type
4
Date filed
9/4/2024, 07:37 PM
Previous filing
Aug 19, 2024

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction LWAY Common Stock, no par value Options Exercise $0 +2.49K +9.74% $0.00 28K Aug 31, 2024 Direct
transaction LWAY Common Stock, no par value Tax liability -$19.9K -1.04K -3.7% $19.18 27K Aug 31, 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
transaction LWAY Restricted Stock Units Options Exercise $0 -2.49K -50.01% $0.00 2.49K Aug 31, 2024 Common Stock 2.49K Direct F4
holding LWAY Restricted Stock Units 3.79K Aug 31, 2024 Common Stock 3.79K Direct F2
holding LWAY Restricted Stock Units 4.78K Aug 31, 2024 Common Stock 4.78K Direct F3
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 No stock was sold. Such shares were surrendered to the issuer in connection with tax withholding obligations of the Reporting Person.
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. The restricted stock units will vest on August 31, 2025, contingent on the Reporting Person's continued service on the vesting date.