[144] Lifeway Foods, Inc. SEC Filing

Rhea-AI Filing Summary

Form 144 notice for Lifeway Foods, Inc. (LWAY) shows a proposed sale of 6,357 shares of common stock through Citigroup Global Markets Inc. on 09/23/2025 on NASDAQ with an aggregate market value of $168,653.75. The filing reports that the securities were acquired on 05/19/2023 by purchase from Ludmila Smolyansky and that 3,197,975 shares were acquired on that date for cash. The total number of shares outstanding is listed as 15,226,520. Several issuer-identifying fields (issuer name, address, and the specific name of the person for whose account the securities are to be sold) are not provided in the visible content of this form.

Positive

• Clear acquisition history: the filing states the securities were purchased on 05/19/2023 from Ludmila Smolyansky and paid in cash.
• Brokered sale through a major dealer: trade to be executed via Citigroup Global Markets Inc., indicating standard market handling.
• Small sale relative to outstanding shares: 6,357 shares versus 15,226,520 shares outstanding, implying limited immediate supply impact.

Negative

• Missing issuer/person details: the issuer name, issuer address, and the specific "person for whose account" fields are not present in the provided content, reducing transparency.
• Aggregate market value notable: the transaction value of $168,653.75 is disclosed but its materiality to holders or company is unclear from this form alone.
• No disclosure of a trading plan: the visible excerpt does not include an explicit statement of a Rule 10b5-1 trading plan adoption date, if any.

Insights

Securities Analyst

TL;DR: Routine Rule 144 sale filed; proposed sale is a small volume relative to reported acquisition and outstanding shares.

The filing documents a notice of proposed resale under Rule 144 for 6,357 common shares valued at $168,653.75 to be executed through Citigroup Global Markets Inc. The acquisition history shows a purchase of 3,197,975 shares on 05/19/2023 from Ludmila Smolyansky paid in cash, which provides clear provenance and satisfies the ‘‘how acquired’’ disclosure. The sale amount is small relative to the stated outstanding shares (15,226,520), suggesting limited immediate dilution or market pressure based on the numbers disclosed. The form omits several issuer-identifying details in the visible content, which limits deeper assessment of potential insider status or insider selling patterns.

Corporate Governance Expert

TL;DR: Filing is a standard compliance disclosure; missing issuer/person fields reduce transparency for governance review.

The notice meets Rule 144 structure by stating broker, shares, acquisition date, seller name, payment method, and planned sale date. From a governance perspective, the presence of the original seller's name and the cash purchase history is helpful. However, the lack of an explicit named person for whose account the securities will be sold and missing issuer contact/address information in the provided content impedes a full governance assessment regarding insider status, potential 10b5-1 plans, or aggregation with other related-party sales. No recent sales in the prior three months are reported on this form.

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

144: Issuer Information

Name of Issuer

SEC File Number

Address of Issuer

Phone

Name of Person for Whose Account the Securities are To Be Sold

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

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	Citigroup Global Markets Inc 388 Greenwich Street New York NY 10013	6357	168653.75	15226520	09/23/2025	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	05/19/2023	Purchase	LUDMILA SMOLYANSKY			3197975	05/19/2023	Cash

* 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

Nothing to Report

144: Remarks and Signature

Remarks

Date of Notice

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

ATTENTION: Intentional misstatements or omission of facts constitute Federal Criminal Violations (See 18 U.S.C. 1001)

FAQ

What does the Form 144 filed for LWAY report?

The form reports a proposed sale of 6,357 common shares on 09/23/2025 through Citigroup Global Markets Inc. with an aggregate market value of $168,653.75.

When and how were the shares being sold originally acquired?

The shares were acquired on 05/19/2023 by purchase from Ludmila Smolyansky; 3,197,975 shares were acquired on that date and payment was made in cash.

How many shares of Lifeway Foods are outstanding according to the filing?

The filing lists 15,226,520 shares outstanding.

Does the filing show any shares sold by this person in the past three months?

The filing indicates "Nothing to Report" for securities sold during the past three months.

Which exchange will the sale occur on?

The proposed sale is listed to occur on NASDAQ.