Lifeway Foods (LWAY) 10% owner reports 110,000-share sale via trust

Rhea-AI Filing Summary

Lifeway Foods, Inc. major shareholder Edward Smolyansky reported indirect open‑market sales of 110,000 shares of common stock on August 12 and 14, 2026. The shares, held by the Edward Smolyansky Trust 2/2/16, were sold at weighted average prices of $28.74 (35,000 shares), $24.89 (29,931 shares), $25.82 (45,038 shares), and $26.50 (31 shares), with detailed price ranges noted in the footnotes. After these transactions, reported holdings include 100,000 shares held directly and 902,642 shares held by his son, as to which beneficial ownership is disclaimed, plus additional shares held by an LLC where beneficial ownership is also disclaimed. The Rule 10b5‑1 trading plan box was not checked.

Insider Trade Summary

Net Seller: 110,000 shares

Net Sell 7 txns

Insider SMOLYANSKY EDWARD

Role 10% Owner

Sold 110,000 shs ($2.91M)

Type	Security	Shares	Price	Value
Sale	Common Stock, no par value F3, F2	29,931	$24.89	$745K
Sale	Common Stock, no par value F4, F2	45,038	$25.82	$1.16M
Sale	Common Stock, no par value F5, F2	31	$26.50	$821.50
Sale	Common Stock, no par value F1, F2	35,000	$28.74	$1.01M
holding	Common Stock, no par value F6	--	--	--
holding	Common Stock, no par value	--	--	--
holding	Common Stock, no par value F7	--	--	--

Holdings After Transaction: Common Stock, no par value — 1,394,793 shares (Indirect, See footnote); Common Stock, no par value — 902,642 shares (Indirect, By son); Common Stock, no par value — 100,000 shares (Direct)

Footnotes (7)

1. F1. The price reported in Column 4 is the weighted average price. These shares were sold in multiple transactions at prices ranging between $28.61 and $29.60, 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 (3), (4) and (5).
2. F2. Beneficially held by the Edward Smolyansky Trust 2/2/16, of which the reporting person is the trustee.
3. F3. The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging between $24.50 and $25.49, inclusive.
4. F4. The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging between $25.50 and $26.49, inclusive.
5. F5. The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging between $26.50 and $27.49, inclusive.
6. F6. The reporting person disclaims beneficial ownership of the sharew owned by his son.
7. F7. Held by Smolynsky Holding LLC. the reporting person disclaims beneficial ownership of such shares except to the extend of any pecuniar interest therein.

Key Figures

Total shares sold: 110,000 shares Shares sold at $28.74: 35,000 shares at $28.74 Shares sold at $24.89: 29,931 shares at $24.89 +4 more

7 metrics

Total shares sold 110,000 shares Indirect open-market sales on August 12 and 14, 2026

Shares sold at $28.74 35,000 shares at $28.74 Weighted average price; trades between $28.61 and $29.60

Shares sold at $24.89 29,931 shares at $24.89 Weighted average price; trades between $24.50 and $25.49

Shares sold at $25.82 45,038 shares at $25.82 Weighted average price; trades between $25.50 and $26.49

Shares sold at $26.50 31 shares at $26.50 Weighted average price; trades between $26.50 and $27.49

Direct holdings 100,000 shares Common stock held directly after reported transactions

Son’s holdings (disclaimed) 902,642 shares Held by son; reporting person disclaims beneficial ownership

Key Terms

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

5 terms

weighted average price financial

"The price reported in Column 4 is the 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."

beneficial ownership financial

"The reporting person disclaims beneficial ownership of the sharew 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.

pecuniar interest financial

"the reporting person disclaims beneficial ownership of such shares except to the extend of any pecuniar interest therein."

ten percent owner financial

"reporting person is a ten percent owner of the issuer."

FAQ

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

Edward Smolyansky, a 10% owner of Lifeway Foods, reported indirect open‑market sales totaling 110,000 shares of common stock on August 12 and 14, 2026, through a trust for which he serves as trustee.

How many Lifeway Foods (LWAY) shares were sold and at what prices?

A total of 110,000 shares were sold at weighted average prices of $28.74 (35,000 shares), $24.89 (29,931 shares), $25.82 (45,038 shares), and $26.50 (31 shares), with sales executed across specified intraday price ranges.

Were the LWAY share sales by Edward Smolyansky direct or indirect?

All reported sales were indirect, from shares beneficially held by the Edward Smolyansky Trust 2/2/16, where he is trustee. Additional reported holdings include shares held by his son and an LLC, with beneficial ownership of those positions disclaimed.

What are Edward Smolyansky’s reported Lifeway Foods (LWAY) holdings after these transactions?

Reported post‑transaction positions include 100,000 shares held directly and 902,642 shares held by his son, with beneficial ownership of the son’s shares disclaimed. Further shares are held by Smolynsky Holding LLC, where beneficial ownership is also disclaimed.

Were the LWAY insider sales made under a Rule 10b5-1 trading plan?

The filing’s Rule 10b5‑1 checkbox is not marked, indicating the sales are not affirmatively reported as being executed pursuant to a Rule 10b5‑1 trading plan based on the information provided.

What price ranges applied to the Lifeway Foods (LWAY) share sales?

Footnotes state the 35,000‑share sale occurred between $28.61 and $29.60, 29,931 shares between $24.50 and $25.49, 45,038 shares between $25.50 and $26.49, and 31 shares between $26.50 and $27.49.

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Form 4 Insider Transactions: What Each Field Means →

Available on EDGAR 08/14/2026 - 08:57 PM Accepted by SEC EDGAR 08/14/2026 - 08:57 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 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)
08/12/2026

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	08/12/2026		S		35,000	D	$28.74(1)	969,793	I	See footnote(2)
Common Stock, no par value	08/14/2026		S		29,931	D	$24.89(3)	939,862	I	See footnote(2)
Common Stock, no par value	08/14/2026		S		45,038	D	$25.82(4)	894,824	I	See footnote(2)
Common Stock, no par value	08/14/2026		S		31	D	$26.5(5)	894,793	I	See footnote(2)
Common Stock, no par value								902,642	I	By son(6)
Common Stock, no par value								100,000	D
Common Stock, no par value								500,000	I	See 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)
				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 the weighted average price. These shares were sold in multiple transactions at prices ranging between $28.61 and $29.60, 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 (3), (4) and (5).

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

3. The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging between $24.50 and $25.49, inclusive.

4. The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging between $25.50 and $26.49, inclusive.

5. The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging between $26.50 and $27.49, inclusive.

6. The reporting person disclaims beneficial ownership of the sharew owned by his son.

7. Held by Smolynsky Holding LLC. the reporting person disclaims beneficial ownership of such shares except to the extend of any pecuniar interest therein.

	/s/ Edward Smolyansky	08/14/2026
	** 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)