Edward Smolyansky (LWAY) trust sells 50,000 Lifeway Foods shares at $26.20

Rhea-AI Filing Summary

Lifeway Foods, Inc. insider Edward Smolyansky reported an open-market sale of 50,000 shares of common stock at a weighted average price of $26.20 per share. The shares were sold by the Edward Smolyansky Trust 2/2/16, for which he serves as trustee, in multiple trades between $26.00 and $26.99. Following this transaction, the Form 4 shows 1,183,333 shares held indirectly by the trust, 1,052,642 shares held directly, and 100,000 shares held by his son, which he disclaims. Additional shares are held by Smolyansky Holding LLC, where he disclaims beneficial ownership except for any pecuniary interest.

Insights

Insider trading analyst

Edward Smolyansky oversaw a 50,000-share trust sale while retaining large direct and indirect holdings.

The Form 4 shows a 50,000-share open-market sale at a weighted average of $26.20 per share, executed by the Edward Smolyansky Trust 2/2/16. Trades occurred within a $26.00 to $26.99 price range.

Post-transaction, disclosed positions remain sizable: 1,183,333 shares indirectly via the trust, 1,052,642 shares held directly, and 100,000 shares held by his son, which he disclaims. A separate block is held by Smolyansky Holding LLC, with beneficial ownership disclaimed except for any pecuniary interest.

The sale appears as a routine disposition from a large existing stake, with no derivative exercises and no indication of a trading plan in the provided data. Overall, the filing mainly updates ownership records without clearly altering the broader investment thesis.

Insider Trade Summary

Net Seller: 50,000 shares ($1,310,000)

Net Sell 4 txns

Insider SMOLYANSKY EDWARD

Role null

Sold 50,000 shs ($1.31M)

Type	Security	Shares	Price	Value
Sale	Common Stock, no par value	50,000	$26.20	$1.31M
holding	Common Stock, no par value	--	--	--
holding	Common Stock, no par value	--	--	--
holding	Common Stock, no par value	--	--	--

Holdings After Transaction: Common Stock, no par value — 1,183,333 shares (Indirect, See footnote); Common Stock, no par value — 1,052,642 shares (Direct, null)

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 $26.00 and $26.99, 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. Beneficially held by the Edward Smolyansky Trust 2/2/16, of which the reporting person is the trustee. 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.

Key Figures

Shares sold: 50,000 shares Weighted average sale price: $26.20 per share Post-sale trust holdings: 1,183,333 shares +4 more

7 metrics

Shares sold 50,000 shares Open-market sale by Edward Smolyansky Trust 2/2/16

Weighted average sale price $26.20 per share Common stock sale on reported transaction date

Post-sale trust holdings 1,183,333 shares Indirectly held by Edward Smolyansky Trust 2/2/16

Direct holdings 1,052,642 shares Common stock held directly by Edward Smolyansky

Shares held by son 100,000 shares Held by son; beneficial ownership disclaimed

Sale price range $26.00–$26.99 Range of individual trade prices in reported sale

Net buy/sell shares -50,000 shares Net share change across all reported transactions

Key Terms

weighted average price, beneficially held, disclaims beneficial ownership, pecuniary interest, +1 more

5 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 financial

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

disclaims beneficial ownership financial

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

pecuniary interest financial

"The reporting person disclaims beneficial ownership of such shares except to the extent of any pecuniary interest therein."

trustee financial

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

A trustee is a person or institution legally appointed to hold and manage assets or enforce an agreement on behalf of other people (beneficiaries). Think of a trustee as a neutral referee or custodian who must act in the beneficiaries’ best interests, follow the trust or contract rules, and handle distributions, recordkeeping and enforcement. Investors care because a trustworthy trustee protects their rights, ensures promised payments or remedies are delivered, and can influence recoveries if things go wrong.

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Form 4 Insider Transactions: What Each Field Means →

Available on EDGAR 06/22/2026 - 07:57 PM Accepted by SEC EDGAR 06/22/2026 - 07:56 PM 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

(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)
06/22/2026

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	06/22/2026		S		50,000	D	$26.2(1)	1,183,333	I	See footnote(2)
Common Stock, no par value								1,052,642	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 $26.00 and $26.99, 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.

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	06/22/2026
	** 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)

FAQ

What did Edward Smolyansky report in this Lifeway Foods (LWAY) Form 4?

He reported an open-market sale of 50,000 shares of Lifeway Foods common stock at a weighted average price of $26.20 per share. The transaction was executed by the Edward Smolyansky Trust 2/2/16, where he serves as trustee.

At what prices were the Lifeway Foods (LWAY) shares sold in this Form 4?

The 50,000 shares were sold at a weighted average price of $26.20 per share. According to the filing, individual trades occurred in multiple transactions at prices ranging from $26.00 to $26.99, inclusive, during the reported trading day.

How many Lifeway Foods (LWAY) shares does the Edward Smolyansky trust hold after the sale?

After the transaction, the Form 4 shows the Edward Smolyansky Trust 2/2/16 holding 1,183,333 shares of Lifeway Foods common stock indirectly. This reflects the position in the trust account that carried out the 50,000-share sale reported.

What are Edward Smolyansky’s direct holdings in Lifeway Foods (LWAY) after this filing?

The filing reports that Edward Smolyansky directly holds 1,052,642 shares of Lifeway Foods common stock. This direct ownership is separate from the indirect holdings in the trust, his son’s holdings, and shares held through Smolyansky Holding LLC.

How are family and LLC holdings of Lifeway Foods (LWAY) treated in this Form 4?

The Form 4 shows 100,000 shares held by Edward Smolyansky’s son, which he disclaims beneficial ownership of. It also notes shares held by Smolyansky Holding LLC, where he disclaims beneficial ownership except to the extent of any pecuniary interest.

Does this Lifeway Foods (LWAY) Form 4 involve any derivative securities?

No derivative securities are reported in this Form 4. The derivativeSummary section is empty, and all disclosed positions relate to Lifeway Foods common stock, including direct holdings, trust holdings, family holdings, and shares held through an LLC.