STOCK TITAN

[Form 4] LENDWAY, INC. Insider Trading Activity

Filing Impact
(Low)
Filing Sentiment
(Neutral)
Form Type
4

Mary Herfurth, a director of Lendway, Inc. (LDWY), acquired 1,008 Common Stock Equivalents on 09/30/2025 under the company’s Deferred Compensation Plan for Directors. The reported per-unit value was $5.4523, and after the transaction she beneficially owns 10,201 shares on a direct basis.

The Common Stock Equivalents represent the economic equivalent of one share each and will be settled in common stock upon a separation from service or in cash upon an earlier change in control. The Form 4 was filed by one reporting person and signed by an attorney-in-fact on 10/02/2025.

Mary Herfurth, una regista di Lendway, Inc. (LDWY), ha acquisito 1.008 Common Stock Equivalents il 30/09/2025 nell'ambito del piano di compensi differiti per direttori della società. Il valore per unità riportato era di $5.4523, e dopo l'operazione possiede in modo vantaggioso 10.201 azioni su base diretta.

Gli Common Stock Equivalents rappresentano l'equivalente economico di una singola azione e saranno regolati in azioni comuni al momento di una separazione dal servizio o in contanti a seguito di un precedente cambio di controllo. Il Form 4 è stato compilato da una persona che segnala e firmato da un procuratore in fact il 02/10/2025.

Mary Herfurth, una directora de Lendway, Inc. (LDWY), adquirió 1,008 Equivalentes de Acciones Comunes el 30/09/2025 bajo el Plan de Compensación Diferida para Directores de la empresa. El valor reportado por unidad era de $5.4523, y tras la operación ella posee de forma beneficiosa 10.201 acciones en forma directa.

Los Equivalentes de Acciones Comunes representan el equivalente económico de una acción cada una y se liquidarán en acciones comunes al separarse del servicio o en efectivo tras un cambio de control anterior. El Formulario 4 fue presentado por una persona reportante y firmado por un apoderado en 02/10/2025.

Mary HerfurthLendway, Inc. (LDWY)이사로서 회사의 이사 보상 연기 계획에 따라 2025년 9월 30일1,008 보통주 등가물을 취득했습니다. 보고된 단위가치는 $5.4523였으며, 거래 후 그녀는 직접 보유 주식 10,201주를 소유합니다.

보통주 등가물은 각 주식의 경제적 등가를 나타내며 재직 종료 시점에 보통주로 결제되거나 차후 지배권 변동 시 현금으로 결제될 예정입니다. Form 4는 한 명의 보고자에 의해 제출되었고 2025년 10월 2일에 대리인(선임자)이 서명했습니다.

Mary Herfurth, une directrice de Lendway, Inc. (LDWY), a acquis 1,008 équivalents d’actions ordinaires le 30/09/2025 dans le cadre du plan de rémunération différée pour les administrateurs de la société. La valeur par unité déclarée était de $5.4523, et après la transaction elle détient avantageusement 10.201 actions en direct.

Les équivalents d’actions ordinaires représentent l’équivalent économique d’une action et seront réglés en actions ordinaires lors d’une séparation du service ou en espèces lors d’un changement de contrôle antérieur. Le Formulaire 4 a été déposé par une personne déclarante et signé par un mandataire en exercice le 02/10/2025.

Mary Herfurth, eine Direktorin von Lendway, Inc. (LDWY), hat 1,008 Common Stock Equivalents am 30.09.2025 im Rahmen des Deferred Compensation Plans for Directors des Unternehmens erworben. Der berichtete Wert pro Einheit betrug $5.4523, und nach der Transaktion besitzt sie direkt 10.201 Aktien.

Die Common Stock Equivalents stellen den wirtschaftlichen Äquivalent von einer Aktie dar und werden bei einer Trennung vom Dienst in Stammaktien oder bei einer früheren Change in Control in bar abgewickelt. Das Formular 4 wurde von einer meldenden Person eingereicht und am 02.10.2025 von einem Bevollmächtigten unterzeichnet.

Mary Herfurth، مديرة في Lendway, Inc. (LDWY)، قد اكتسبت 1,008 مكافئات أسهم عادية في 30/09/2025 بموجب خطة التعويض المؤجل للمديرين بالشركة. كانت القيمة المُبلغ عنها للوحدة الواحدة $5.4523، وبعد الصفقة تملك منافعياً 10,201 سهماً بشكل مباشر.

تمثل مكافئات الأسهم العادية المعادل الاقتصادي لكل سهم واحد وسيتم تسويتها بأسهم عادية عند الانفصال عن الخدمة أو نقداً عند تغير في التحكم مبكراً. تم تقديم النموذج 4 من قِبل شخص واحد مُبلغ عنه وتوقعه وكيل قانوني في الواقع في 02/10/2025.

Mary Herfurth,一位 Lendway, Inc. (LDWY)董事,依据公司为董事设立的延迟薪酬计划,在 2025/09/30 获得了 1,008 股普通股票等价物。报告的每单位价值为 $5.4523,交易后她直接持有 10,201 股。

普通股票等价物代表每股的经济等价价值,将在离职时以普通股结算,或在更早的控制权变更时以现金结算。 Form 4 由一名申报人员提交,并由代理律师在 2025/10/02 签名。

Positive
  • 1,008 Common Stock Equivalents acquired under the Deferred Compensation Plan on 09/30/2025
  • Beneficial ownership increased to 10,201 shares, showing greater director alignment with shareholders
  • Settlement terms disclosed: stock on separation or cash on change in control
Negative
  • None.

Insights

Director deferred compensation converted to equity; modest insider alignment.

This filing shows a director-level compensation election under the Deferred Compensation Plan, resulting in 1,008 Common Stock Equivalents acquired on 09/30/2025. Such elections are a non-cash method to convert fees into equity-linked instruments that vest or settle later.

The instruments will settle in common stock upon separation or in cash upon a change in control, which preserves flexibility for both the director and the company. The filing reports 10,201 shares beneficially owned following the transaction, an explicit disclosure of ownership stake.

Mary Herfurth, una regista di Lendway, Inc. (LDWY), ha acquisito 1.008 Common Stock Equivalents il 30/09/2025 nell'ambito del piano di compensi differiti per direttori della società. Il valore per unità riportato era di $5.4523, e dopo l'operazione possiede in modo vantaggioso 10.201 azioni su base diretta.

Gli Common Stock Equivalents rappresentano l'equivalente economico di una singola azione e saranno regolati in azioni comuni al momento di una separazione dal servizio o in contanti a seguito di un precedente cambio di controllo. Il Form 4 è stato compilato da una persona che segnala e firmato da un procuratore in fact il 02/10/2025.

Mary Herfurth, una directora de Lendway, Inc. (LDWY), adquirió 1,008 Equivalentes de Acciones Comunes el 30/09/2025 bajo el Plan de Compensación Diferida para Directores de la empresa. El valor reportado por unidad era de $5.4523, y tras la operación ella posee de forma beneficiosa 10.201 acciones en forma directa.

Los Equivalentes de Acciones Comunes representan el equivalente económico de una acción cada una y se liquidarán en acciones comunes al separarse del servicio o en efectivo tras un cambio de control anterior. El Formulario 4 fue presentado por una persona reportante y firmado por un apoderado en 02/10/2025.

Mary HerfurthLendway, Inc. (LDWY)이사로서 회사의 이사 보상 연기 계획에 따라 2025년 9월 30일1,008 보통주 등가물을 취득했습니다. 보고된 단위가치는 $5.4523였으며, 거래 후 그녀는 직접 보유 주식 10,201주를 소유합니다.

보통주 등가물은 각 주식의 경제적 등가를 나타내며 재직 종료 시점에 보통주로 결제되거나 차후 지배권 변동 시 현금으로 결제될 예정입니다. Form 4는 한 명의 보고자에 의해 제출되었고 2025년 10월 2일에 대리인(선임자)이 서명했습니다.

Mary Herfurth, une directrice de Lendway, Inc. (LDWY), a acquis 1,008 équivalents d’actions ordinaires le 30/09/2025 dans le cadre du plan de rémunération différée pour les administrateurs de la société. La valeur par unité déclarée était de $5.4523, et après la transaction elle détient avantageusement 10.201 actions en direct.

Les équivalents d’actions ordinaires représentent l’équivalent économique d’une action et seront réglés en actions ordinaires lors d’une séparation du service ou en espèces lors d’un changement de contrôle antérieur. Le Formulaire 4 a été déposé par une personne déclarante et signé par un mandataire en exercice le 02/10/2025.

Mary Herfurth, eine Direktorin von Lendway, Inc. (LDWY), hat 1,008 Common Stock Equivalents am 30.09.2025 im Rahmen des Deferred Compensation Plans for Directors des Unternehmens erworben. Der berichtete Wert pro Einheit betrug $5.4523, und nach der Transaktion besitzt sie direkt 10.201 Aktien.

Die Common Stock Equivalents stellen den wirtschaftlichen Äquivalent von einer Aktie dar und werden bei einer Trennung vom Dienst in Stammaktien oder bei einer früheren Change in Control in bar abgewickelt. Das Formular 4 wurde von einer meldenden Person eingereicht und am 02.10.2025 von einem Bevollmächtigten unterzeichnet.

SEC Form 4
FORM 4 UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934
or Section 30(h) of the Investment Company Act of 1940
OMB APPROVAL
OMB Number: 3235-0287
Estimated average burden
hours per response: 0.5
Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).
1. Name and Address of Reporting Person*
Herfurth Mary

(Last) (First) (Middle)
5000 WEST 36TH STREET, STE 220

(Street)
MINNEAPOLIS MN 55416

(City) (State) (Zip)
2. Issuer Name and Ticker or Trading Symbol
LENDWAY, INC. [ LDWY ]
5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
X Director 10% Owner
Officer (give title below) Other (specify below)
3. Date of Earliest Transaction (Month/Day/Year)
09/30/2025
4. If Amendment, Date of Original Filed (Month/Day/Year)
6. Individual or Joint/Group Filing (Check Applicable Line)
X Form filed by One Reporting Person
Form filed by More than One Reporting Person
Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1. Title of Security (Instr. 3) 2. Transaction Date (Month/Day/Year) 2A. Deemed Execution Date, if any (Month/Day/Year) 3. Transaction Code (Instr. 8) 4. Securities Acquired (A) or Disposed Of (D) (Instr. 3, 4 and 5) 5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4) 6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4) 7. Nature of Indirect Beneficial Ownership (Instr. 4)
Code V Amount (A) or (D) Price
Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned
(e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 3) 2. Conversion or Exercise Price of Derivative Security 3. Transaction Date (Month/Day/Year) 3A. Deemed Execution Date, if any (Month/Day/Year) 4. Transaction Code (Instr. 8) 5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5) 6. Date Exercisable and Expiration Date (Month/Day/Year) 7. Title and Amount of Securities Underlying Derivative Security (Instr. 3 and 4) 8. Price of Derivative Security (Instr. 5) 9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4) 10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4) 11. Nature of Indirect Beneficial Ownership (Instr. 4)
Code V (A) (D) Date Exercisable Expiration Date Title Amount or Number of Shares
Common Stock Equivalent (1) 09/30/2025 A 1,008 (1) (1) Common Stock 1,008 $5.4523 10,201 D
Explanation of Responses:
1. Each Common Stock Equivalent is the economic equivalent of one share of Lendway, Inc. common stock. The Common Stock Equivalents were acquired pursuant to the Lendway, Inc. Deferred Compensation Plan for Directors (the "Plan"), whereby Directors may elect to defer receipt of cash fees. The Common Stock Equivalents will be settled (i) in Lendway, Inc. common stock upon a separation from service with the Company or (ii) in cash upon an earlier change in control of the Company.
/s/ Joyce E Kobilka, Attorney-in-Fact 10/02/2025
** Signature of Reporting Person Date
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* If the form is filed by more than one reporting person, see Instruction 4 (b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB Number.

FAQ

What transaction did Mary Herfurth report on Form 4 for LDWY?

She reported acquisition of 1,008 Common Stock Equivalents on 09/30/2025 under the company’s Deferred Compensation Plan.

What was the reported value per Common Stock Equivalent?

The filing shows a per-unit value of $5.4523.

How many shares does Mary Herfurth beneficially own after the transaction?

The Form 4 reports 10,201 shares beneficially owned following the reported transaction.

How will the Common Stock Equivalents be settled?

They will be settled in Lendway common stock upon separation from service or in cash upon an earlier change in control.

Who signed the Form 4 and when was it signed?

The form was signed by Joyce E Kobilka, Attorney-in-Fact on 10/02/2025.

Was the Form 4 filed by multiple reporting persons?

No. The filing indicates it was submitted by one reporting person.
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