STOCK TITAN

Major LWAY holder Edward Smolyansky sells 176K Lifeway Foods shares

Filing Impact
(Very High)
Filing Sentiment
(Very Negative)
Form Type
4

Rhea-AI Filing Summary

Lifeway Foods, Inc. major shareholder Edward Smolyansky reported multiple open-market sales of common stock. He sold 50,000 shares on June 30, 2026 at an average price of $29.56 per share and 55,794 and 55,754 shares on June 26, 2026 at weighted average prices of $29.87 and $28.64, respectively. He also sold 14,542 indirectly held shares on June 29, 2026 at an average price of $30.12 per share.

After these transactions, Smolyansky holds 852,642 shares directly, plus significant indirect holdings. Footnotes state that some shares are held by an Edward Smolyansky trust where he is trustee, by Smolyansky Holding LLC, and 100,000 shares are owned by his son, for which he disclaims beneficial ownership.

Positive

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Negative

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Insider SMOLYANSKY EDWARD
Role null
Sold 176,090 shs ($5.18M)
Type Security Shares Price Value
Sale Common Stock, no par value 50,000 $29.56 $1.48M
Sale Common Stock, no par value 14,542 $30.12 $438K
Sale Common Stock, no par value 55,754 $28.64 $1.60M
Sale Common Stock, no par value 55,794 $29.87 $1.67M
holding Common Stock, no par value -- -- --
holding Common Stock, no par value -- -- --
Holdings After Transaction: Common Stock, no par value — 852,642 shares (Direct, null); Common Stock, no par value — 1,168,791 shares (Indirect, See Footnote)
Footnotes (1)
  1. The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging between $28.50 and $29.49, 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 in footnotes (2), (3) and (5). The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging between $29.51 and $30.50, inclusive. The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging between $30.00 and $30.99, inclusive. Beneficially held by the Edward Smolyansky Trust 2/2/16, of which the reporting person is the trustee. 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 disclaims beneficial ownership of the shares owned by his son. Held by Smolyansky Holding LLC. The reporting person disclaims beneficial ownership of such shares except to the extent of any pecuniary interest therein.
Shares sold June 30, 2026 50,000 shares at $29.56 Open-market sale of common stock
Indirect shares sold June 29, 2026 14,542 shares at $30.12 Indirect open-market sale
Total shares sold in period 176,090 shares Net-sell across reported transactions
Direct holdings after transactions 852,642 shares Common stock directly owned post-sale
Indirect holdings after transaction 1,168,791 shares Total indirect ownership line after June 29 sale
Shares held by son 100,000 shares Indirect ownership; beneficial ownership disclaimed
Shares held by LLC 500,000 shares Held by Smolyansky Holding LLC; beneficial ownership largely disclaimed
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.
beneficial ownership financial
"The reporting person disclaims beneficial ownership of the shares owned by his son."
Beneficial ownership means the person or entity that actually enjoys the benefits of owning shares or other assets — such as receiving dividends, voting rights, or price gains — even if the legal title is held in another name. For investors it matters because knowing who truly controls and profits from a company reveals who can influence decisions, exposes potential conflicts of interest or hidden concentration of power, and affects transparency and risk in the stock.
pecuniary interest financial
"disclaims beneficial ownership of such shares except to the extent of any pecuniary interest therein."
ten percent owner financial
""is_ten_percent_owner": 1"
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Learn about SEC filing dates
SEC Form 4
FORM 4UNITED 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)
DirectorX10% Owner
Officer (give title below)Other (specify below)
2a. Foreign Trading Symbol
3. Date of Earliest Transaction (Month/Day/Year)
06/26/2026
6. Individual or Joint/Group Filing (Check Applicable Line)
XForm 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)
CodeVAmount(A) or (D)Price
Common Stock, no par value06/26/2026S55,754D$28.64(1)958,436D
Common Stock, no par value06/26/2026S55,794D$29.87(2)902,642D
Common Stock, no par value06/29/2026S14,542A$30.12(3)1,168,791ISee Footnote(4)
Common Stock, no par value06/30/2026S50,000D$29.56(5)852,642D
Common Stock, no par value100,000IBy son(6)
Common Stock, no par value500,000ISee Footnote(7)
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)
CodeV(A)(D)Date ExercisableExpiration DateTitleAmount 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 $28.50 and $29.49, 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 in footnotes (2), (3) and (5).
2. The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging between $29.51 and $30.50, inclusive.
3. The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging between $30.00 and $30.99, inclusive.
4. Beneficially held by the Edward Smolyansky Trust 2/2/16, of which the reporting person is the trustee.
5. 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.
6. The reporting person disclaims beneficial ownership of the shares owned by his son.
7. 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 Smolyansky07/02/2026
** Signature of Reporting PersonDate
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)

FAQ

What insider transactions did Edward Smolyansky report for Lifeway Foods (LWAY)?

Edward Smolyansky reported several open-market sales of Lifeway Foods common stock totaling 176,090 shares. These occurred on June 26, 29, and 30, 2026 at weighted average prices between $28.50 and $30.99, according to the detailed ranges disclosed in the footnotes.

How many Lifeway Foods shares did Edward Smolyansky sell on June 30, 2026?

On June 30, 2026, Edward Smolyansky sold 50,000 shares of Lifeway Foods common stock. The Form 4 states a weighted average sale price of $29.56 per share, with individual trades executed within the specified price range described in the footnotes.

What were Edward Smolyansky’s direct Lifeway Foods holdings after these sales?

Following the reported transactions, Edward Smolyansky directly held 852,642 shares of Lifeway Foods common stock. This figure reflects his remaining direct ownership after the open-market sales disclosed for June 26 and June 30, 2026 in the Form 4 filing.

Did Edward Smolyansky sell any indirectly held Lifeway Foods shares?

Yes. The Form 4 shows a sale of 14,542 indirectly held shares on June 29, 2026 at a weighted average price of $30.12. These shares are reported as indirect ownership with a “See Footnote” reference explaining the underlying holding structure.

How are Lifeway Foods shares held through family and entities attributed to Edward Smolyansky?

Footnotes explain that some shares are held by an Edward Smolyansky trust where he is trustee, by Smolyansky Holding LLC, and 100,000 shares are owned by his son. He disclaims beneficial ownership of his son’s shares and of the LLC shares except for any pecuniary interest.

What price ranges applied to Edward Smolyansky’s Lifeway Foods stock sales?

The filing states that reported prices are weighted averages. Footnotes describe multiple trades within ranges including $28.50–$29.49, $29.51–$30.50, $30.00–$30.99, and $29.28–$30.27, with full trade-by-trade details available on request.