Lifeway (NASDAQ: LWAY) director awarded 2,038 RSUs vesting in 2027

Filing Impact

(Neutral)

Filing Sentiment

(Neutral)

Form Type

Rhea-AI Filing Summary

Lifeway Foods director Susan Hultquist reported a new equity award and her existing restricted stock units. She received a grant of 2,038 restricted stock units, each representing a contingent right to one share of common stock at an exercise price of $0.0000 per share. These RSUs vest on July 1, 2027, conditioned on her continued service as a director through that date. A separate block of 2,512 RSUs is also reported, which vests on December 30, 2026 subject to the same continued-service requirement. The filing shows no open-market stock purchases or sales, only compensation-related awards.

Insider Trade Summary

2 transactions reported

Mixed 2 txns

Insider Hultquist Susan

Role null

Type	Security	Shares	Price	Value
Grant/Award	Restricted Stock Units	2,038	$0.00	--
holding	Restricted Stock Units	--	--	--

Holdings After Transaction: Restricted Stock Units — 2,038 shares (Direct, null)

Footnotes (1)

Each restricted stock unit ("RSU") represents a contingent right to receive one share of common stock. The RSUs vest on December 30, 2026 contingent on the Reporting Person's continued service as a Director on such vesting date. The RSUs vest on July 1, 2027 contingent on the Reporting Person's continued service as a Director on such vesting date.

Key Figures

New RSU grant: 2,038 units Exercise price: $0.0000 per unit New RSU vesting date: July 1, 2027 +3 more

6 metrics

New RSU grant 2,038 units Grant of restricted stock units to director

Exercise price $0.0000 per unit RSU grant exercise price

New RSU vesting date July 1, 2027 Vesting contingent on continued board service

Existing RSUs 2,512 units Previously awarded RSUs linked to common stock

Existing RSU vesting date December 30, 2026 Vesting contingent on continued board service

Underlying shares (existing RSUs) 2,512 shares Each RSU equals one common share upon vesting

Key Terms

Restricted Stock Units, RSU, contingent right to receive one share, vest, +1 more

5 terms

Restricted Stock Units financial

"security_title: "Restricted Stock Units""

Restricted stock units are a type of company reward where employees are promised shares of stock, but they only fully own these shares after meeting certain conditions, like staying with the company for a set time. They matter because they can become valuable assets and are often used to motivate employees to help the company succeed.

RSU financial

"Each restricted stock unit ("RSU") represents a contingent right"

Restricted stock units (RSUs) are a form of company shares given to employees as part of their compensation, usually with certain restrictions or conditions, such as remaining with the company for a set period. When these restrictions lift, employees receive actual shares that they can sell or hold. For investors, RSUs can impact a company's stock supply and reflect the company's commitment to attracting and retaining talent.

vest financial

"The RSUs vest on December 30, 2026 contingent on the Reporting Person's continued service"

A vest is the process by which an employee earns the right to receive certain benefits or ownership interests, such as stock or retirement funds, over time. It’s similar to earning a reward gradually, ensuring that the benefit becomes fully yours only after a set period or meeting specific conditions. This makes it important for investors because it determines when they can actually claim or use those benefits.

continued service as a Director financial

"contingent on the Reporting Person's continued service as a Director"

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Form 4 Insider Transactions: What Each Field Means →

Available on EDGAR 07/02/2026 - 05:00 PM Accepted by SEC EDGAR 07/02/2026 - 05:00 PM

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^*

Hultquist Susan

(Last)

(First)

(Middle)

C/O LIFEWAY FOODS, INC.

6431 OAKTON STREET

(Street)

MORTON GROVE

ILLINOIS

60053

(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)

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

2a. Foreign Trading Symbol

3. Date of Earliest Transaction (Month/Day/Year)
07/01/2026

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)

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)
Restricted Stock Units	⁽¹⁾							⁽²⁾	⁽²⁾	Common Stock	2,512		2,512	D
Restricted Stock Units	⁽¹⁾	07/01/2026		A		2,038		⁽³⁾	⁽³⁾	Common Stock	2,038	⁽³⁾	2,038	D

Explanation of Responses:

1. Each restricted stock unit ("RSU") represents a contingent right to receive one share of common stock.

2. The RSUs vest on December 30, 2026 contingent on the Reporting Person's continued service as a Director on such vesting date.

3. The RSUs vest on July 1, 2027 contingent on the Reporting Person's continued service as a Director on such vesting date.

	/s/ Eric Hanson, as attorney-in-fact	07/02/2026
	** 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

FAQ

What did Lifeway Foods (LWAY) director Susan Hultquist report on this Form 4?

Susan Hultquist reported a new grant of 2,038 restricted stock units and disclosed existing RSU holdings. These awards are equity-based compensation and do not involve open-market stock purchases or sales.

How many restricted stock units were granted to Susan Hultquist in this Lifeway (LWAY) filing?

The filing shows a grant of 2,038 restricted stock units. Each RSU represents a contingent right to receive one share of Lifeway Foods common stock, subject to vesting conditions tied to continued board service.

When do Susan Hultquist’s new Lifeway (LWAY) RSUs vest?

The newly granted 2,038 restricted stock units vest on July 1, 2027. Vesting is contingent on Susan Hultquist’s continued service as a director on that date, according to the disclosed footnote terms.

What existing RSU holdings for Susan Hultquist are disclosed by Lifeway (LWAY)?

The filing discloses 2,512 restricted stock units linked to common stock. These RSUs are scheduled to vest on December 30, 2026, provided Susan Hultquist continues serving as a director through that vesting date.

Does this Lifeway (LWAY) Form 4 show any stock purchases or sales by Susan Hultquist?

The Form 4 does not show any open-market stock purchases or sales. It reports equity compensation in the form of restricted stock units and a holding entry, without any buy or sell transactions.