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Filing Details

Issuer

Cik	Name	Symbol	Sector (SIC)	IRS No
814586	Lifeway Foods Inc.	LWAY	Dairy Products (2020)	363442829

Insiders

Cik	Name	Reported Address	Insider Title	Director	Officer	Large Shareholder	Other
1554866	Scott Jason Scher	C/O Lifeway Foods, Inc. 6431 Oakton Street Morton Grove IL 60053		Yes	No	No	No

Transaction Summary

Sold:	24,566 shares	Avg. Price: $24.23	Total Value: $595,315.84
Number of Shares After Transactions:	1 shares

Reported Non-Derivative Transactions

Sec. Name	Acquisiton - Disposition	Date	Amount	Price	Remaning Holdings	Equity Swap Involved	Form Type	Code	Nature of Ownership	Explanation
Common Stock, No Par Value	Disposition	2025-06-26	8,200	$24.22	16,367	No	4	S	Direct
Common Stock, No Par Value	Disposition	2025-06-27	16,366	$24.24	1	No	4	S	Direct

Equity Swap Involved	Form Type	Code	Nature of Ownership	Explanation
No	4	S	Direct
No	4	S	Direct

Reported Derivative Holdings

Sec. Name	Sec. Type	Price	Amount	Remaning Holdings	Nature of Ownership
Common Stock	Restricted Stock Units	$0.00	1,600	1,600	Direct
Common Stock	Restricted Stock Units	$0.00	3,101	3,101	Direct
Common Stock	Restricted Stock Units	$0.00	4,066	4,066	Direct
Common Stock	Phantom Stock	$0.00	72,118	72,118	Direct

Amount	Remaning Holdings	Nature of Ownership
1,600	1,600	Direct
3,101	3,101	Direct
4,066	4,066	Direct
72,118	72,118	Direct

Footnotes

Each restricted stock unit ("RSU") has a value equal to one share of common stock. The remaining RSUs will vest on August 31, 2025, contingent on the Reporting Person's continued service as a Director on the vesting date.
Each RSU has a value equal to one share of common stock. Of such RSUs, 1,551 will vest on August 31, 2025 and 1,550 will vest on August 31, 2026, contingent on the Reporting Person's continued service as a Director on each applicable vesting date.
Each RSU has a value equal to one share of common stock. Of such RSUs, 1,356 will vest on each of July 1, 2025 and 2026 and 1,354 will vest on July 1, 2027, contingent on the Reporting Person's continued service as a Director on each applicable vesting date.
Each share of phantom stock represents a right to receive one share of common stock. The phantom stock becomes payable on the date that the Reporting Person no longer serves as a director of the Company.