Divisadero Street Capital Management, LP - 02 Oct 2026 Form 4 Insider Report for Lifeway Foods, Inc. (LWAY)

Reporting relationship: 10%+ Owner
Issuer ticker: LWAY
Reported as of: 02 Oct 2026
Net transaction value: +$2,169,394
SEC form: 4
Accepted by SEC: 06 Oct 2026, 20:35:39 UTC
Prior SEC filing: 17 Aug 2026
Source filing: View source filing
Reporting owner signature: Divisadero Street Capital, LLC, By: /s/ William Zolezzi, William Zolezzi, Manager

Filing notes and source

Key filing fact

Divisadero Street Capital Management, LP filed Form 4 for Lifeway Foods, Inc. (LWAY) on 06 Oct 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: 06 Oct 2026, 20:35.

Change

Previous filing in this sequence was filed on 17 Aug 2026.
Current net transaction value: +$2,169,394.

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: 1691 MICHIGAN AVE, SUITE 410, MIAMI BEACH
Signature: Divisadero Street Capital, LLC, By: /s/ William Zolezzi, William Zolezzi, Manager
Signature date: 06 Oct 2026

CIK 0002135888

Divisadero Street Partners GP, LLC

Relationship: 10%+ Owner
Address: 1691 MICHIGAN AVE, SUITE 410, MIAMI BEACH
Signature: William Zolezzi, By: /s/ William Zolezzi
Signature date: 06 Oct 2026

CIK 0002135874

Zolezzi William

Relationship: 10%+ Owner
Address: 1691 MICHIGAN AVE, SUITE 410, MIAMI BEACH
Signature: Divisadero Street Capital Management, LP, By: Divisadero Street Capital, LLC, its general partner, By: /s/ William Zolezzi, William Zolezzi, Manager
Signature date: 06 Oct 2026

CIK 0001886714

Divisadero Street Partners, L.P.

Relationship: 10%+ Owner
Address: 1691 MICHIGAN AVE, SUITE 410, SUITE 204, MIAMI BEACH
Signature: Divisadero Street Partners, L.P., By: Divisadero Street Partners GP, LLC, its general partner, By: /s/ William Zolezzi, William Zolezzi, Manager
Signature date: 06 Oct 2026

CIK 0002135889

Divisadero Street Capital, LLC

Relationship: 10%+ Owner
Address: 1691 MICHIGAN AVE, SUITE 410, MIAMI BEACH
Signature: Divisadero Street Partners GP, LLC, By: /s/ William Zolezzi, William Zolezzi, Manager
Signature date: 06 Oct 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: $368,669
Shares: +17,482
Change %: +0.74%
Price: $21.09
Shares after: 2,365,590
Date: 02 Oct 2026
Ownership: See footnote
Footnotes: F1

LWAY transaction

Common Stock, No Par Value

Purchase

Transaction value: $368,669
Shares: +17,482
Change %: +0.74%
Price: $21.09
Shares after: 2,365,590
Date: 02 Oct 2026
Ownership: See footnote
Footnotes: F1

LWAY transaction

Common Stock, No Par Value

Purchase

Transaction value: $368,669
Shares: +17,482
Change %: +0.74%
Price: $21.09
Shares after: 2,365,590
Date: 02 Oct 2026
Ownership: See footnote
Footnotes: F1

LWAY transaction

Common Stock, No Par Value

Purchase

Transaction value: $368,669
Shares: +17,482
Change %: +0.74%
Price: $21.09
Shares after: 2,365,590
Date: 02 Oct 2026
Ownership: See footnote
Footnotes: F1

LWAY transaction

Common Stock, No Par Value

Purchase

Transaction value: $368,669
Shares: +17,482
Change %: +0.74%
Price: $21.09
Shares after: 2,365,590
Date: 02 Oct 2026
Ownership: See footnote
Footnotes: F1

LWAY transaction

Common Stock, No Par Value

Purchase

Transaction value: $760,535
Shares: +36,202
Change %: +1.5%
Price: $21.01
Shares after: 2,401,792
Date: 05 Oct 2026
Ownership: See footnote
Footnotes: F1

LWAY transaction

Common Stock, No Par Value

Purchase

Transaction value: $760,535
Shares: +36,202
Change %: +1.5%
Price: $21.01
Shares after: 2,401,792
Date: 05 Oct 2026
Ownership: See footnote
Footnotes: F1

LWAY transaction

Common Stock, No Par Value

Purchase

Transaction value: $760,535
Shares: +36,202
Change %: +1.5%
Price: $21.01
Shares after: 2,401,792
Date: 05 Oct 2026
Ownership: See footnote
Footnotes: F1

LWAY transaction

Common Stock, No Par Value

Purchase

Transaction value: $760,535
Shares: +36,202
Change %: +1.5%
Price: $21.01
Shares after: 2,401,792
Date: 05 Oct 2026
Ownership: See footnote
Footnotes: F1

LWAY transaction

Common Stock, No Par Value

Purchase

Transaction value: $760,535
Shares: +36,202
Change %: +1.5%
Price: $21.01
Shares after: 2,401,792
Date: 05 Oct 2026
Ownership: See footnote
Footnotes: F1

LWAY transaction

Common Stock, No Par Value

Purchase

Transaction value: $1,040,190
Shares: +50,000
Change %: +2.1%
Price: $20.80
Shares after: 2,451,792
Date: 06 Oct 2026
Ownership: See footnote
Footnotes: F1

LWAY transaction

Common Stock, No Par Value

Purchase

Transaction value: $1,040,190
Shares: +50,000
Change %: +2.1%
Price: $20.80
Shares after: 2,451,792
Date: 06 Oct 2026
Ownership: See footnote
Footnotes: F1

LWAY transaction

Common Stock, No Par Value

Purchase

Transaction value: $1,040,190
Shares: +50,000
Change %: +2.1%
Price: $20.80
Shares after: 2,451,792
Date: 06 Oct 2026
Ownership: See footnote
Footnotes: F1

LWAY transaction

Common Stock, No Par Value

Purchase

Transaction value: $1,040,190
Shares: +50,000
Change %: +2.1%
Price: $20.80
Shares after: 2,451,792
Date: 06 Oct 2026
Ownership: See footnote
Footnotes: F1

LWAY transaction

Common Stock, No Par Value

Purchase

Transaction value: $1,040,190
Shares: +50,000
Change %: +2.1%
Price: $20.80
Shares after: 2,451,792
Date: 06 Oct 2026
Ownership: See footnote
Footnotes: F1

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

Additional SEC filing notes

Filing notes and footnotes

Explanation of responses 1 footnote

Footnote F1

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.

SEC remarks

Each Reporting Person disclaims beneficial ownership of the reported securities except to the extent of its or his pecuniary interest therein, and this report shall not be deemed an admission that such Reporting Person is the beneficial owner of such securities for purposes of Section 16 of the Securities Exchange Act of 1934, as amended, or for any other purpose.