Jason Scott Scher - 31 Aug 2026 Form 4 Insider Report for Lifeway Foods, Inc. (LWAY)

Reporting relationship: Director
Issuer ticker: LWAY
Reported as of: 31 Aug 2026
Net transaction value: $0
SEC form: 4
Accepted by SEC: 02 Sep 2026, 17:28:41 UTC
Prior SEC filing: 02 Jul 2026
Source filing: View source filing
Reporting owner signature: /s/ Eric Hanson, as attorney-in-fact

Key filing fact

Jason Scott Scher filed Form 4 for Lifeway Foods, Inc. (LWAY) on 02 Sep 2026.

Key facts

This page summarizes Jason Scott Scher's Form 4 filing for Lifeway Foods, Inc. (LWAY).
2 reported transactions and 5 derivative rows are listed below.
Accepted by SEC: 02 Sep 2026, 17:28.

Change

Previous filing in this sequence was filed on 02 Jul 2026.
Current net transaction value: $0.

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 (1)

CIK 0001554866 Primary reporting owner

SCHER JASON SCOTT

Relationship: Director
Address: C/O LIFEWAY FOODS, INC., 6431 OAKTON STREET, MORTON GROVE
Signature: /s/ Eric Hanson, as attorney-in-fact
Signature date: 02 Sep 2026

Reported non-derivative transactions

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

LWAY holding

Common Stock, no par value

No transaction description listed

Transaction value
Shares
Change %
Price
Shares after: 1
Date: 31 Aug 2026
Ownership: Direct

Reported derivative securities

Options, warrants, convertible securities, or similar derivative positions disclosed in the filing.

LWAY transaction Derivative

Restricted Stock Units

Options Exercise

Transaction value
Shares: -1,550
Change %: -100%
Price
Shares after: 0
Date: 31 Aug 2026
Ownership: Direct
Underlying class: Common Stock
Underlying amount: 1,550
Exercise price
Footnotes: F1, F3

LWAY transaction Derivative

Phantom Stock

Options Exercise

Transaction value
Shares: +1,550
Change %: +1.9%
Price
Shares after: 84,608
Date: 31 Aug 2026
Ownership: Direct
Underlying class: Common Stock
Underlying amount: 1,550
Exercise price
Footnotes: F6, F7

LWAY holding Derivative

Restricted Stock Units

No transaction description listed

Transaction value
Shares
Change %
Price
Shares after: 2,512
Date: 31 Aug 2026
Ownership: Direct
Underlying class: Common Stock
Underlying amount: 2,512
Exercise price
Footnotes: F1, F2

LWAY holding Derivative

Restricted Stock Units

No transaction description listed

Transaction value
Shares
Change %
Price
Shares after: 1,354
Date: 31 Aug 2026
Ownership: Direct
Underlying class: Common Stock
Underlying amount: 1,354
Exercise price
Footnotes: F1, F4

LWAY holding Derivative

Restricted Stock Units

No transaction description listed

Transaction value
Shares
Change %
Price
Shares after: 2,038
Date: 31 Aug 2026
Ownership: Direct
Underlying class: Common Stock
Underlying amount: 2,038
Exercise price
Footnotes: F1, F5

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

Additional SEC filing notes

Filing notes and footnotes

Explanation of responses 7 footnotes

Footnote F1

Each restricted stock unit ("RSU") represents a contingent right to receive one share of common stock.

Footnote F2

The RSUs vest on December 30, 2026 contingent on the Reporting Person's continued service as a Director on such vesting date.

Footnote F3

The RSUs vested on August 31, 2026.

Footnote F4

The RSUs vest on July 1, 2027, contingent on the Reporting Person's continued service as a Director on such vesting date.

Footnote F5

The RSUs vest on July 1, 2027 contingent on the Reporting Person's continued service as a Director on each applicable vesting date.

Footnote F6

Each share of phantom stock represents a right to receive one share of common stock. The phantom stock becomes payable on the date that the Reporting Person no longer serves as a director of the Company.

Footnote F7

In connection with the vesting on August 31, 2026 of RSUs previously granted to the Reporting Person, the Reporting Person's receipt of 1,550 shares of common stock was deferred resulting in the Reporting Person's receipt instead of 1,550 shares of phantom stock pursuant to the Company's Non-Employee Director Equity and Deferred Compensation Plan. The Reporting Person is therefore reporting the disposition of 1,550 RSUs in exchange for an equal number of shares of phantom stock.