Divisadero Street Capital Management, LP - 13 Aug 2026 Form 4 Insider Report for Lifeway Foods, Inc. (LWAY)

Reporting relationship: 10%+ Owner
Issuer ticker: LWAY
Reported as of: 13 Aug 2026
Net transaction value: +$6,126,812
SEC form: 4
Accepted by SEC: 17 Aug 2026, 21:04:48 UTC
Prior SEC filing: 18 May 2026
Source filing: View source filing
Reporting owner signature: Divisadero Street Capital Management, LP, By: Divisadero Street Partners GP, LLC, its general partner, By: /s/ William Zolezzi, William Zolezzi, Manager

Key filing fact

Divisadero Street Capital Management, LP filed Form 4 for Lifeway Foods, Inc. (LWAY) on 17 Aug 2026.

Key facts

This page summarizes Divisadero Street Capital Management, LP's Form 4 filing for Lifeway Foods, Inc. (LWAY).
3 reported transactions and 0 derivative rows are listed below.
Accepted by SEC: 17 Aug 2026, 21:04.

Change

Previous filing in this sequence was filed on 18 May 2026.
Current net transaction value: +$6,126,812.

Research use

This tells you what this filing adds before you inspect full transaction and derivative tables.
You can trace every row back to the original SEC filing document.

Evidence

Filed on Form 4

Ownership activity is grounded in SEC Form 4 disclosures.

View source filing

Reporting Owners (5)

CIK 0001901865 Primary reporting owner

Divisadero Street Capital Management, LP

Relationship: 10%+ Owner
Address: 3480 MAIN HIGHWAY, SUITE 204, MIAMI
Signature: Divisadero Street Capital Management, LP, By: Divisadero Street Partners GP, LLC, its general partner, By: /s/ William Zolezzi, William Zolezzi, Manager
Signature date: 17 Aug 2026

CIK 0002135888

Divisadero Street Partners GP, LLC

Relationship: 10%+ Owner
Address: 3480 MAIN HIGHWAY, SUITE 204, MIAMI
Signature: Divisadero Street Capital, LLC, By: /s/ William Zolezzi, William Zolezzi,Manager
Signature date: 17 Aug 2026

CIK 0002135889

Divisadero Street Capital, LLC

Relationship: 10%+ Owner
Address: 3480 MAIN HIGHWAY, SUITE 204, MIAMI
Signature: Divisadero Street Partners GP, LLC, By: /s/ William Zolezzi, William Zolezzi,Manager
Signature date: 17 Aug 2026

CIK 0001886714

Divisadero Street Partners, L.P.

Relationship: 10%+ Owner
Address: 3480 MAIN HIGHWAY, SUITE 204, MIAMI
Signature: Divisadero Street Partners, L.P., By: Divisadero Street Partners GP, LLC, its general partner, By: /s/ William Zolezzi, William Zolezzi, Manager
Signature date: 17 Aug 2026

CIK 0002135874

Zolezzi William

Relationship: 10%+ Owner
Address: 3480 MAIN HIGHWAY, SUITE 204, MIAMI
Signature: William Zolezzi, By: /s/ William Zolezzi
Signature date: 17 Aug 2026

Reported non-derivative transactions

Shares, units, or other non-derivative securities reported in this filing.

LWAY transaction

Common Stock, No Par Value

Purchase

Transaction value: $4,865,537
Shares: +195,616
Change %: +9.3%
Price: $24.87
Shares after: 2,297,156
Date: 13 Aug 2026
Ownership: See footnote
Footnotes: F1, F2

LWAY transaction

Common Stock, No Par Value

Purchase

Transaction value: $4,865,537
Shares: +195,616
Change %: +9.3%
Price: $24.87
Shares after: 2,297,156
Date: 13 Aug 2026
Ownership: See footnote
Footnotes: F1, F2

LWAY transaction

Common Stock, No Par Value

Purchase

Transaction value: $4,865,537
Shares: +195,616
Change %: +9.3%
Price: $24.87
Shares after: 2,297,156
Date: 13 Aug 2026
Ownership: See footnote
Footnotes: F1, F2

LWAY transaction

Common Stock, No Par Value

Purchase

Transaction value: $4,865,537
Shares: +195,616
Change %: +9.3%
Price: $24.87
Shares after: 2,297,156
Date: 13 Aug 2026
Ownership: See footnote
Footnotes: F1, F2

LWAY transaction

Common Stock, No Par Value

Purchase

Transaction value: $4,865,537
Shares: +195,616
Change %: +9.3%
Price: $24.87
Shares after: 2,297,156
Date: 13 Aug 2026
Ownership: See footnote
Footnotes: F1, F2

LWAY transaction

Common Stock, No Par Value

Purchase

Transaction value: $370,352
Shares: +15,000
Change %: +0.65%
Price: $24.69
Shares after: 2,312,156
Date: 14 Aug 2026
Ownership: See footnote
Footnotes: F2

LWAY transaction

Common Stock, No Par Value

Purchase

Transaction value: $370,352
Shares: +15,000
Change %: +0.65%
Price: $24.69
Shares after: 2,312,156
Date: 14 Aug 2026
Ownership: See footnote
Footnotes: F2

LWAY transaction

Common Stock, No Par Value

Purchase

Transaction value: $370,352
Shares: +15,000
Change %: +0.65%
Price: $24.69
Shares after: 2,312,156
Date: 14 Aug 2026
Ownership: See footnote
Footnotes: F2

LWAY transaction

Common Stock, No Par Value

Purchase

Transaction value: $370,352
Shares: +15,000
Change %: +0.65%
Price: $24.69
Shares after: 2,312,156
Date: 14 Aug 2026
Ownership: See footnote
Footnotes: F2

LWAY transaction

Common Stock, No Par Value

Purchase

Transaction value: $370,352
Shares: +15,000
Change %: +0.65%
Price: $24.69
Shares after: 2,312,156
Date: 14 Aug 2026
Ownership: See footnote
Footnotes: F2

LWAY transaction

Common Stock, No Par Value

Purchase

Transaction value: $890,923
Shares: +35,952
Change %: +1.6%
Price: $24.78
Shares after: 2,348,108
Date: 17 Aug 2026
Ownership: See footnote
Footnotes: F2, F3

LWAY transaction

Common Stock, No Par Value

Purchase

Transaction value: $890,923
Shares: +35,952
Change %: +1.6%
Price: $24.78
Shares after: 2,348,108
Date: 17 Aug 2026
Ownership: See footnote
Footnotes: F2, F3

LWAY transaction

Common Stock, No Par Value

Purchase

Transaction value: $890,923
Shares: +35,952
Change %: +1.6%
Price: $24.78
Shares after: 2,348,108
Date: 17 Aug 2026
Ownership: See footnote
Footnotes: F2, F3

LWAY transaction

Common Stock, No Par Value

Purchase

Transaction value: $890,923
Shares: +35,952
Change %: +1.6%
Price: $24.78
Shares after: 2,348,108
Date: 17 Aug 2026
Ownership: See footnote
Footnotes: F2, F3

LWAY transaction

Common Stock, No Par Value

Purchase

Transaction value: $890,923
Shares: +35,952
Change %: +1.6%
Price: $24.78
Shares after: 2,348,108
Date: 17 Aug 2026
Ownership: See footnote
Footnotes: F2, F3

^* marks a reported price that did not pass the local price check.

Additional SEC filing notes

Filing notes and footnotes

Explanation of responses 3 footnotes

Footnote F1

The price reported is a weighted average price. These shares were purchased in multiple transactions at prices ranging from $24.5375 - $25.4022. The reporting persons undertake to provide to the Issuer, any security holder of the Issuer, or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares bought at each separate price within the ranges set forth in this footnote to this Form 4.

Footnote F2

The reported securities are owned directly by Divisadero Street Partners, L.P. (the "Fund"), which is a private investment fund managed by Divisadero Street Capital Management, LP (the "Adviser"), and may be deemed to be indirectly beneficially owned by (i) the Adviser, (ii) Divisadero Street Capital, LLC (the "Adviser GP"), the general partner of the Adviser, (iii) Divisadero Street Partners GP, LLC (the "Fund GP"), the general partner of the Fund, and (iv) William Zolezzi, the manager of both the Adviser GP and the Fund GP.

Footnote F3

The price reported is a weighted average price. These shares were purchased in multiple transactions at prices ranging from $24.6705 - $24.8293. The reporting persons undertake to provide to the Issuer, any security holder of the Issuer, or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the ranges set forth in this footnote to this Form 4.