Lifeway Foods (LWAY) insider sells 100000 shares via trust transactions

Rhea-AI Filing Summary

Lifeway Foods, Inc. reporting person Ludmila Smolyansky, a member of a 10% owner group, reported indirect sales totaling 100000 shares of common stock on July 22, 2026, through the Ludmila Smolyansky Trust 2/1/05, of which she is trustee. The trust sold 60000 shares at $30.5500 and 40000 shares at a weighted average price of $29.4600, from multiple trades between $29.28 and $30.27, and the transactions were not made under a Rule 10b5-1 trading plan.

Insider Trade Summary

Net Seller: 100,000 shares

Net Sell 2 txns

Insider SMOLYANSKY LUDMILA

Role Insider

Sold 100,000 shs ($3.01M)

Type	Security	Shares	Price	Value
Sale	Common Stock, no par value F1	60,000	$30.55	$1.83M
Sale	Common Stock, no par value F2, F1	40,000	$29.46	$1.18M

Holdings After Transaction: Common Stock, no par value — 507,207 shares (Indirect, See footnote)

Footnotes (2)

1. F1. Held by the Ludmila Smolyansky Trust 2/1/05, of which Ludmila Smolyansky is the trustee.
2. F2. The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging between $29.28 and $30.27, inclusive. The reporting person undertakes to provide to the issuer, any security holder of the issuer, or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the range set forth in this footnote.

Key Figures

Shares sold (first transaction): 60000 shares Price per share (first transaction): $30.5500 Shares sold (second transaction): 40000 shares +2 more

5 metrics

Shares sold (first transaction) 60000 shares Indirect sale of common stock at a single price on July 22, 2026

Price per share (first transaction) $30.5500 Sale price for 60000 indirectly held shares of common stock

Shares sold (second transaction) 40000 shares Indirect sale of common stock in multiple trades on July 22, 2026

Weighted average price (second transaction) $29.4600 Weighted average sale price for 40000 shares, sold between $29.28 and $30.27

Total shares sold 100000 shares Combined total of two indirect sale transactions reported

Key Terms

weighted average price, trustee, indirect

3 terms

weighted average price financial

"The price reported in Column 4 is a weighted average price."

Weighted average price is the average price of a security where each trade or component is counted according to its size, so bigger trades pull the average more than smaller ones. Think of it like calculating the average cost of a grocery haul where items you bought more of have greater influence on the final per-item cost. Investors use it to understand the true average price paid or received, judge execution quality, and compare trading performance against market movement.

trustee financial

"of which Ludmila Smolyansky is the trustee."

A trustee is a person or institution legally appointed to hold and manage assets or enforce an agreement on behalf of other people (beneficiaries). Think of a trustee as a neutral referee or custodian who must act in the beneficiaries’ best interests, follow the trust or contract rules, and handle distributions, recordkeeping and enforcement. Investors care because a trustworthy trustee protects their rights, ensures promised payments or remedies are delivered, and can influence recoveries if things go wrong.

indirect financial

"ownership_type": "indirect""

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

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Form 4 Insider Transactions: What Each Field Means →

Available on EDGAR 07/23/2026 - 04:48 PM Accepted by SEC EDGAR 07/23/2026 - 04:47 PM Learn about SEC filing dates

FAQ

What insider transaction did LWAY report for Ludmila Smolyansky?

Ludmila Smolyansky reported selling 100000 shares of Lifeway Foods common stock on July 22, 2026. The sales were made indirectly through the Ludmila Smolyansky Trust 2/1/05, of which she serves as trustee.

At what prices were the 100000 LWAY shares sold by the trust?

The trust sold 60000 shares at $30.5500 and 40000 shares at a weighted average price of $29.4600. The weighted-average block consisted of multiple trades executed between $29.28 and $30.27 per share.

Was the LWAY insider sale made under a Rule 10b5-1 trading plan?

No. The filing’s Rule 10b5-1 checkbox is not affirmed, indicating these reported sales were not made pursuant to a Rule 10b5-1 trading plan or similar pre-arranged trading arrangement.

How is ownership of the sold LWAY shares structured for Ludmila Smolyansky?

The reported sales reflect indirect ownership. The shares were held by the Ludmila Smolyansky Trust 2/1/05, with Ludmila Smolyansky acting as trustee, rather than being held directly in her personal name.

How many separate sale transactions are disclosed in this LWAY Form 4?

The Form 4 discloses two sale transactions in Lifeway Foods common stock. One is a single-price sale of 60000 shares, and the other is a 40000-share block sold through multiple trades at a weighted average price.

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).

Check this box to indicate that a transaction was made pursuant to a contract, instruction or written plan for the purchase or sale of equity securities of the issuer that is intended to satisfy the affirmative defense conditions of Rule 10b5-1(c). See Instruction 10.

1. Name and Address of Reporting Person^*

SMOLYANSKY LUDMILA

(Last) (First) (Middle)

C/O EDWARD SMOLYANSKY

1219 N WELLS ST

(Street)

CHICAGO ILLINOIS 60601

(City) (State) (Zip)

UNITED STATES

(Country)

2. Issuer Name and Ticker or Trading Symbol
Lifeway Foods, Inc. [ LWAY ]

5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)

	Director		10% Owner
	Officer (give title below)	X	Other (specify below)
			Member of 10% owner group

2a. Foreign Trading Symbol

3. Date of Earliest Transaction (Month/Day/Year)
07/22/2026

6. Individual or Joint/Group Filing (Check Applicable Line)

X	Form filed by One Reporting Person
	Form filed by More than One Reporting Person

4. If Amendment, Date of Original Filed (Month/Day/Year)

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
Common Stock, no par value	07/22/2026		S		60,000	D	$30.55	547,207	I	See footnote(1)
Common Stock, no par value	07/22/2026		S		40,000	D	$29.46(2)	507,207	I	See footnote(1)

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

Explanation of Responses:

1. Held by the Ludmila Smolyansky Trust 2/1/05, of which Ludmila Smolyansky is the trustee.

2. The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging between $29.28 and $30.27, inclusive. The reporting person undertakes to provide to the issuer, any security holder of the issuer, or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the range set forth in this footnote.

	/s/ Ludmila Smolyansky	07/23/2026
	** 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.
* Form 4: SEC 1474 (03-26)