Lifeway Foods insider sells 85,616 shares

Lifeway Foods, Inc. reported that shares held through the Ludmila Smolyansky Trust 2/1/05 were sold in two open-market transactions.

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Rhea-AI Filing Summary

Lifeway Foods, Inc. reported that shares held through the Ludmila Smolyansky Trust 2/1/05 were sold in two open-market transactions. The trust, for which Ludmila Smolyansky is trustee, sold 40,000 shares of common stock on June 24, 2026 at a weighted average price of $30.12 per share.

On June 25, 2026, the trust sold an additional 45,616 shares at a weighted average price of $29.65 per share, bringing total reported sales to 85,616 shares. Following these sales, the trust continues to indirectly hold 607,207 shares of Lifeway Foods common stock.

Insider Trade Summary

Net Seller: 85,616 shares

Net Sell 2 txns

Insider SMOLYANSKY LUDMILA

Role Insider

Sold 85,616 shs ($2.56M)

Type	Security	Shares	Price	Value
Sale	Common Stock, no par value	45,616	$29.65	$1.35M
Sale	Common Stock, no par value	40,000	$30.12	$1.20M

Holdings After Transaction: Common Stock, no par value — 607,207 shares (Indirect, See footnote)

Footnotes (2)

F1. Held by the Ludmila Smolyansky Trust 2/1/05, of which Ludmila Smolyansky is the trustee.
F2. The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging between $29.16 and $30.15, 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 June 24, 2026: 40,000 shares Price June 24, 2026: $30.12 per share Shares sold June 25, 2026: 45,616 shares +3 more

6 metrics

Shares sold June 24, 2026 40,000 shares Open-market sale of common stock at weighted average price

Price June 24, 2026 $30.12 per share Weighted average sale price for 40,000 shares

Shares sold June 25, 2026 45,616 shares Open-market sale of common stock at weighted average price

Price June 25, 2026 $29.65 per share Weighted average sale price for 45,616 shares

Total shares sold 85,616 shares Net common shares sold across both transactions

Shares held after transactions 607,207 shares Indirect holdings following June 25, 2026 sale

Key Terms

open-market sale, weighted average price, indirect ownership, non-derivative

4 terms

open-market sale financial

"transaction_action": "open-market sale""

An open-market sale is when a shareholder sells existing shares directly on a public exchange to any willing buyer, rather than through a private deal. Think of it like putting goods on a busy market stall where price is set by supply and demand; for investors it matters because such sales increase available supply, can put short-term downward pressure on the stock price, and signal changes in liquidity or investor confidence.

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.

indirect ownership financial

""ownership_type": "indirect""

non-derivative financial

""transaction_type": "non-derivative""

FAQ

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

What insider activity did Lifeway Foods (LWAY) report in this Form 4?

Lifeway Foods reported that shares held through the Ludmila Smolyansky Trust 2/1/05 were sold in two open-market transactions. These involved non-derivative common stock sales on June 24 and June 25, 2026, reducing but not eliminating the trust’s indirect position.

How many Lifeway Foods (LWAY) shares did the Smolyansky trust sell?

The Ludmila Smolyansky Trust sold a total of 85,616 Lifeway Foods common shares. This consisted of 40,000 shares sold on June 24, 2026, and 45,616 shares sold on June 25, 2026, as disclosed in the Form 4 transaction summary.

At what prices were the LWAY insider sales executed?

The reported prices are weighted averages for multiple trades. On June 24, 2026, 40,000 shares were sold at a weighted average price of $30.12. On June 25, 2026, 45,616 shares were sold at a weighted average price of $29.65 per share.

How many LWAY shares does Ludmila Smolyansky’s trust still own after the sales?

After the reported sales, the Ludmila Smolyansky Trust continues to indirectly hold 607,207 Lifeway Foods common shares. This post-transaction holding reflects the position following the June 25, 2026 open-market sale disclosed in the Form 4 filing.

Were the Lifeway Foods (LWAY) insider trades derivative exercises or straightforward stock sales?

The reported transactions were straightforward sales of common stock, not derivative exercises. Both entries are non-derivative, coded “S” as open-market or private sales, with no options or other derivative securities shown in the derivative position summary.

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

Form 4 Insider Transactions: What Each Field Means →

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Accepted by SEC EDGAR 06/26/2026 - 04:05 PM EDT

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)
06/24/2026

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)
1. Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	Code	V	Amount	(A) or (D)	Price		6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)
Common Stock, no par value	06/24/2026		S		40,000	D	$30.12	652,823	I	See footnote⁽¹⁾
Common Stock, no par value	06/25/2026		S		45,616	D	$29.65⁽²⁾	607,207	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)
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)	Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares	8. Price of Derivative Security (Instr. 5)		10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)

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 $29.16 and $30.15, 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	06/26/2026
	** 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)

Source: View Original Filing on SEC EDGAR