LifeWay Foods: 20,000 Shares Proposed Sale

LifeWay Foods disclosure shows a proposed sale of 20,000 common shares by Michael Smolyansky, indicated as received by inheritance on 01/01/2002.

Rhea-AI Filing Summary

LifeWay Foods disclosure shows a proposed sale of 20,000 common shares by Michael Smolyansky, indicated as received by inheritance on 01/01/2002. The Form 144 names RBC Capital Markets LLC as broker. The filing also records recent sales by Ludmila Smolyansky: 10,000 shares sold on 03/18/2026 for $188,000 and 15,000 shares sold on 04/20/2026 for $397,500.

Insights

Securities Counsel

Form 144 notifies intended resale of restricted/controlled stock; prior sales are disclosed.

Form 144 is a regulatory notice that permits an affiliate to sell restricted or control securities under certain conditions. The filing lists a proposed sale of 20,000 shares and identifies RBC Capital Markets LLC as the broker-dealer handling the transaction.

Recent dispositions by a related party—10,000 shares on 03/18/2026 and 15,000 shares on 04/20/2026—are reported with proceeds. Any actual sale depends on market execution and compliance with Rule 144 conditions; timing and final proceeds are not specified here.

Key Figures

Proposed resale: 20,000 shares Sale on 03/18/2026: 10,000 shares Sale on 04/20/2026: 15,000 shares +2 more

5 metrics

Proposed resale 20,000 shares Proposed sale by Michael Smolyansky, inheritance dated 01/01/2002

Sale on 03/18/2026 10,000 shares Sold by Ludmila Smolyansky for $188,000 on 03/18/2026

Sale on 04/20/2026 15,000 shares Sold by Ludmila Smolyansky for $397,500 on 04/20/2026

Aggregate recent proceeds $585,500 Aggregate proceeds from the two reported sales (03/18/2026 and 04/20/2026)

Broker-dealer RBC Capital Markets LLC Broker listed on Form 144 for the proposed resale

Key Terms

Form 144, restricted securities, broker-dealer

3 terms

Form 144 regulatory

"Form 144 lists securities to be sold and broker information"

Form 144 is a document that investors must file with the government when they plan to sell a large number of shares of a company's stock. It helps ensure transparency so everyone knows how many shares are being sold and when, which can impact the stock's price.

restricted securities financial

"Notice relates to resale of securities acquired by inheritance on 01/01/2002"

Restricted securities are shares or other investment instruments that come with legal or contractual limits on when and how they can be sold, like stock given to founders or bought in a private offering. Think of them as assets in a locked box that can’t be freely traded until certain conditions — such as a waiting period, company registration, or specific approvals — are met. For investors this matters because restricted securities are less liquid and can affect timing, price, and perceived value when they eventually enter the market.

broker-dealer financial

"RBC Capital Markets LLC named as the broker handling the resale"

A broker-dealer is a licensed firm or individual that both executes trades on behalf of clients (acting as a broker) and buys or sells securities for its own account (acting as a dealer). Investors care because broker-dealers provide the plumbing of markets — they place orders, hold or move cash and securities, offer research or advice, and their stability and fees directly affect trade execution, costs, and the safety of client funds; think of them as a combined travel agent and taxi for your investments.

FAQ

AI-generated questions and answers. How Rhea-AI works. Not financial advice.

What does LifeWay Foods' (LWAY) Form 144 mean?

It notifies the SEC of an intended public resale of securities by an affiliate. The filing reports a proposed sale of 20,000 common shares and names RBC Capital Markets LLC as broker.

Who is listed as selling the 20,000 shares in the LWAY Form 144?

The filing identifies Michael Smolyansky as the holder of the 20,000 shares, indicated as acquired by inheritance on 01/01/2002 and proposed for resale under the Form 144 notice.

What recent sales by related parties are disclosed in the filing?

The filing discloses two recent sales by Ludmila Smolyansky: 10,000 shares sold on 03/18/2026 for $188,000 and 15,000 shares sold on 04/20/2026 for $397,500.

Will LifeWay Foods receive proceeds from the proposed 20,000-share sale?

The Form 144 indicates a resale by an affiliate; it does not state that the issuer will receive proceeds. The filing names a broker-dealer but does not assign proceeds to the company.

Which broker-dealer is handling the proposed resale in the Form 144?

The filing lists RBC Capital Markets LLC at 250 Nicollet Mall, Minneapolis, MN as the broker-dealer associated with the proposed transaction.

AI-generated analysis. How Rhea-AI works. Not financial advice.

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Accepted by SEC EDGAR 05/15/2026 - 02:45 PM Learn about SEC filing dates

Form 144 Filer Information	UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 Form 144 NOTICE OF PROPOSED SALE OF SECURITIES PURSUANT TO RULE 144 UNDER THE SECURITIES ACT OF 1933
FORM 144

144: Filer Information

Filer CIK	0001227848
Filer CCC	XXXXXXXX
Is this a LIVE or TEST Filing?	LIVE TEST
Submission Contact Information
Name
Phone
E-Mail Address

144: Issuer Information

Name of Issuer	Lifeway Foods, Inc.
SEC File Number	001-42398
Address of Issuer	6431 W OAKTON MORTON GROVE ILLINOIS 60053
Phone	847-967-1010
Name of Person for Whose Account the Securities are To Be Sold	SMOLYANSKY LUDMILA
See the definition of "person" in paragraph (a) of Rule 144. Information is to be given not only as to the person for whose account the securities are to be sold but also as to all other persons included in that definition. In addition, information shall be given as to sales by all persons whose sales are required by paragraph (e) of Rule 144 to be aggregated with sales for the account of the person filing this notice.
Relationship to Issuer	AFFILIATE

144: Securities Information

Title of the Class of Securities To Be Sold	Name and Address of the Broker	Number of Shares or Other Units To Be Sold	Aggregate Market Value	Number of Shares or Other Units Outstanding	Approximate Date of Sale	Name the Securities Exchange
COMMON	RBC CAPITAL MARKETS LLC 250 NICOLLET MALL, SUITE 1700 MINNEAPOLIS MN 55401	20000	492722.00	15281888	05/15/2026	NASDAQ

Furnish the following information with respect to the acquisition of the securities to be sold and with respect to the payment of all or any part of the purchase price or other consideration therefor:

144: Securities To Be Sold

Title of the Class	Date you Acquired	Nature of Acquisition Transaction	Name of Person from Whom Acquired	Is this a Gift?	Date Donor Acquired	Amount of Securities Acquired	Date of Payment	Nature of Payment *
COMMON	01/01/2002	INHERITANCE	MICHAEL SMOLYANSKY			20000	01/01/2002	N/A

* If the securities were purchased and full payment therefor was not made in cash at the time of purchase, explain in the table or in a note thereto the nature of the consideration given. If the consideration consisted of any note or other obligation, or if payment was made in installments describe the arrangement and state when the note or other obligation was discharged in full or the last installment paid.

Furnish the following information as to all securities of the issuer sold during the past 3 months by the person for whose account the securities are to be sold.

144: Securities Sold During The Past 3 Months

Name and Address of Seller	Title of Securities Sold	Date of Sale	Amount of Securities Sold	Gross Proceeds
LUDMILA SMOLYANSKY C/O RBC CAPITAL MARKETS LLC 250 NICOLLET MALL MINNEAPOLIS MN 55401	LIFEWAY FOODS INC	04/20/2026	15000	397500.00
LUDMILA SMOLYANSKY C/O RBC CAPITAL MARKETS LLC 250 NICOLLET MALL MINNEAPOLIS MN 55401	LIFEWAY FOODS INC	03/18/2026	10000	188000.00

144: Remarks and Signature

Remarks
Date of Notice	05/15/2026
ATTENTION:
The person for whose account the securities to which this notice relates are to be sold hereby represents by signing this notice that he does not know any material adverse information in regard to the current and prospective operations of the Issuer of the securities to be sold which has not been publicly disclosed. If such person has adopted a written trading plan or given trading instructions to satisfy Rule 10b5-1 under the Exchange Act, by signing the form and indicating the date that the plan was adopted or the instruction given, that person makes such representation as of the plan adoption or instruction date.
Signature	POA / JEFFREY EISCHENS
ATTENTION: Intentional misstatements or omission of facts constitute Federal Criminal Violations (See 18 U.S.C. 1001)