Jason Scott Scher - 30 Sep 2024 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 2024
Net transactions value
$0
Form type
4
Filing time
04 Oct 2024, 17:56:24 UTC
Previous filing
04 Sep 2024
Next filing
03 Jan 2025
SEC
View on sec.gov

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
holding LWAY Common Stock, no par value 24,567 30 Sep 2024 Direct

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 +878 +1.3% 70,269 30 Sep 2024 Common Stock 878 Direct F4
holding LWAY Restricted Stock Units 1,600 30 Sep 2024 Common Stock 1,600 Direct F1
holding LWAY Restricted Stock Units 3,101 30 Sep 2024 Common Stock 3,101 Direct F2
holding LWAY Restricted Stock Units 4,066 30 Sep 2024 Common Stock 4,066 Direct F3
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Each restricted stock unit ("RSU") has a value equal to one share of common stock. The remaining RSUs will vest on August 31, 2025, contingent on the Reporting Person's continued service as a Director on the vesting date.
F2 Each RSU has a value equal to one share of common stock. Of such RSUs, 1,551 will vest on August 31, 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.
F3 Each RSU has a value equal to one share of common stock. Of such RSUs, 1,356 will vest on each of July 1, 2025 and 2026 and 1,354 will vest on July 1, 2027, contingent on the Reporting Person's continued service as a Director on each applicable vesting date.
F4 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 cash compensation for service on the Board of Directors in the quarter ended September 30, 2024. The phantom stock becomes payable on the date that the Reporting Person no longer serves as a director of the Company.