Lifeway Foods: Smolyansky trust sells 70,000 shares

A separate ownership entry lists 100,000 shares held by Edward Smolyansky’s son, whose shares Edward Smolyansky disclaims beneficial ownership of.

Available on EDGAR 11/05/2026 - 05:57 PM EST Accepted by SEC EDGAR 11/05/2026 - 05:56 PM EST Learn about SEC filing dates

Rhea-AI Filing Summary

Lifeway Foods, Inc. (LWAY) common shares held by the Edward Smolyansky Trust 2/2/16 were sold in two groups totaling 70,000 shares on November 4, 2026. Ten percent owner Edward Smolyansky is the trust’s trustee. The trust sold 66,218 shares at a weighted average of $22.58 per share and 3,782 shares at a weighted average of $23.31. The respective transaction price ranges were $22.25–$23.24 and $23.25–$24.24. A separate holding entry reports 902,642 shares held directly by Edward Smolyansky as of November 4, 2026. No Rule 10b5-1 plan is reported.

Insider Trade Summary

Net Seller: 70,000 shares

Net Sell 2 txns

Insider SMOLYANSKY EDWARD

Role 10% Owner

Sold 70,000 shs ($1.58M)

Type	Security	Shares	Price	Value
Sale	Common Stock, no par value F1, F3	66,218	$22.58	$1.50M
Sale	Common Stock, no par value F2, F3	3,782	$23.31	$88K
Holding	Common Stock, no par value	--	--	--
Holding	Common Stock, no par value F4	--	--	--
Holding	Common Stock, no par value F5	--	--	--

Holdings After Transaction: Common Stock, no par value — 1,294,793 shares (Indirect, See footnote); Common Stock, no par value — 902,642 shares (Direct); Common Stock, no par value — 100,000 shares (Indirect, By son)

Footnotes (5)

1. F1. The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging between $22.25 and $23.24, 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 ranges set forth in this footnote (1) and footnote (2).
2. F2. The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging between $23.25 and $24.24, inclusive.
3. F3. Beneficially held by the Edward Smolyansky Trust 2/2/16, of which the reporting person is the trustee.
4. F4. The reporting person disclaims beneficial ownership of the shares owned by his son.
5. F5. Held by Smolyansky Holding LLC. The reporting person disclaims beneficial ownership of such shares except to the extent of any pecuniary interest therein.

Key Figures

Total shares sold: 70,000 shares Shares sold: 66,218 shares Weighted average price: $22.58 per share +4 more

7 metrics

Total shares sold 70,000 shares November 4, 2026; reported sale total

Shares sold 66,218 shares November 4, 2026; Edward Smolyansky Trust 2/2/16

Weighted average price $22.58 per share 66,218-share sale group on November 4, 2026

Shares sold 3,782 shares November 4, 2026; Edward Smolyansky Trust 2/2/16

Weighted average price $23.31 per share 3,782-share sale group on November 4, 2026

Directly held shares 902,642 shares Edward Smolyansky, as of November 4, 2026

Shares held by son 100,000 shares Edward Smolyansky disclaims beneficial ownership

Key Terms

weighted average price, beneficially held, disclaims beneficial ownership, pecuniary interest

4 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.

beneficially held regulatory

"Beneficially held by the Edward Smolyansky Trust 2/2/16"

disclaims beneficial ownership regulatory

"The reporting person disclaims beneficial ownership of the shares owned by his son."

pecuniary interest financial

"except to the extent of any pecuniary interest therein."

FAQ

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

How many LWAY shares were sold?

The Edward Smolyansky Trust 2/2/16 reported sales totaling 70,000 shares on November 4, 2026: 66,218 shares in one group and 3,782 in another.

What prices did the LWAY trust sales have?

The 66,218-share group had a weighted average price of $22.58 per share, with transactions from $22.25 to $23.24, inclusive. The 3,782-share group had a weighted average price of $23.31 per share, with transactions from $23.25 to $24.24, inclusive.

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

Form 4 Insider Transactions: What Each Field Means →

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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 EDWARD

(Last) (First) (Middle)

1219 N WELLS ST

(Street)

CHICAGO ILLINOIS 60610

(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	X	10% Owner
	Officer (give title below)		Other (specify below)

2a. Foreign Trading Symbol

3. Date of Earliest Transaction (Month/Day/Year)
11/04/2026

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	11/04/2026		S		66,218	D	$22.58(1)	798,575	I	See footnote(3)
Common Stock, no par value	11/04/2026		S		3,782	D	$23.31(2)	794,793	I	See footnote(3)
Common Stock, no par value								902,642	D
Common Stock, no par value								100,000	I	By son(4)
Common Stock, no par value								500,000	I	See footnote(5)

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. The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging between $22.25 and $23.24, 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 ranges set forth in this footnote (1) and footnote (2).

2. The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging between $23.25 and $24.24, inclusive.

3. Beneficially held by the Edward Smolyansky Trust 2/2/16, of which the reporting person is the trustee.

4. The reporting person disclaims beneficial ownership of the shares owned by his son.

5. Held by Smolyansky Holding LLC. The reporting person disclaims beneficial ownership of such shares except to the extent of any pecuniary interest therein.

	/s/ Edward Smolyansky	11/05/2026
	** 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)