Lifeway Foods: Smolyansky trust sells 30,000 shares

The reported weighted-average price reflects multiple transactions ranging from $22.50 to $23.49 per share.

Rhea-AI Filing Summary

Lifeway Foods, Inc. (LWAY) reported that the Edward Smolyansky Trust 2/2/16, for which 10% owner Edward Smolyansky is trustee, sold 30,000 shares on October 13, 2026, at a weighted average price of $22.64 per share. The shares were sold in multiple transactions at prices ranging from $22.50 to $23.49 per share, inclusive. The report lists 902,642 shares held directly by Edward Smolyansky and 100,000 shares held by his son, of which he disclaims beneficial ownership.

Insider Trade Summary

Net Seller: 30,000 shares

Net Sell 4 txns

Insider SMOLYANSKY EDWARD

Role 10% Owner

Sold 30,000 shs ($679K)

Type	Security	Shares	Price	Value
Sale	Common Stock, no par value F1, F2	30,000	$22.64	$679K
holding	Common Stock, no par value	--	--	--
holding	Common Stock, no par value F3	--	--	--
holding	Common Stock, no par value F4	--	--	--

Holdings After Transaction: Common Stock, no par value — 1,364,793 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 (4)

1. F1. The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging between $22.50 and $23.49, 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).
2. F2. Beneficially held by the Edward Smolyansky Trust 2/2/16, of which the reporting person is the trustee.
3. F3. The reporting person disclaims beneficial ownership of the shares owned by his son.
4. F4. 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

Shares sold: 30,000 shares Weighted average sale price: $22.64 per share Sale price range: $22.50 to $23.49 per share +2 more

5 metrics

Shares sold 30,000 shares October 13, 2026; sale by the Edward Smolyansky Trust 2/2/16

Weighted average sale price $22.64 per share October 13, 2026

Sale price range $22.50 to $23.49 per share Multiple transactions; inclusive

Direct shares held 902,642 shares Reported after the October 13, 2026 transaction

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

Key Terms

weighted average price, beneficially held, 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"

beneficial ownership regulatory

"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

"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, and at what price?

The Edward Smolyansky Trust 2/2/16 sold 30,000 Lifeway Foods shares on October 13, 2026, at a weighted average of $22.64 per share; Edward Smolyansky is identified as the trust’s trustee and a 10% owner. No Rule 10b5-1 plan is reported.

What price range did the LWAY shares sell for?

The shares were sold in multiple transactions at prices ranging from $22.50 to $23.49 per share, inclusive.

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

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Available on EDGAR 10/15/2026 - 04:33 PM EDT Accepted by SEC EDGAR 10/15/2026 - 04:32 PM EDT Learn about SEC filing dates

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)
10/13/2026

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	10/13/2026		S		30,000	D	$22.64(1)	864,793	I	See footnote(2)
Common Stock, no par value								902,642	D
Common Stock, no par value								100,000	I	By son(3)
Common Stock, no par value								500,000	I	See footnote(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)
				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 $22.50 and $23.49, 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).

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

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

4. 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	10/15/2026
	** 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)