Form 4 for LWAY Lifeway Foods, Inc.
Accepted 2024-09-04 00:00:00 ET · period of report 2024-08-31 · accession 0001683168-24-006188 · SEC index · Original document
Summary rows
Aggregated the way they appear in lists: one row per insider, transaction code and security table.
| X | Filed | Traded | Ticker | Insider | Title | Type | Price | Qty | Owned | ΔOwn | Value |
|---|---|---|---|---|---|---|---|---|---|---|---|
| D | 2024-09-04 | 2024-08-31 | LWAY | SMOLYANSKY JULIE | CEO, Pres, Sec, Dir, 10% | M - OptEx | $0.00 | +13.3K | 2.11M | +0.6% | $0 |
| D | 2024-09-04 | 2024-08-31 | LWAY | SMOLYANSKY JULIE | CEO, Pres, Sec, Dir, 10% | M - OptEx | $0.00 | -13.3K | 13.3K | -50% | $0 |
Purchase Sale Sale after option exercise All abbreviations
Every reported transaction
| # | Table | Security | Date | Code | A/D | Shares | Price | Owned after | Own | Exercise / expiry | Underlying | Footnotes |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 1 | Common | Common Stock, no par value | 2024-08-31 | M | A | 13,333 | $0.00 | 2,109,863 | D | — | — | (F1) Includes 286,337 shares of restricted stock, inclusive of the 13,333 shares reported, which are issuable upon receipt by the Company of consent and agreement by DanoneWave PBC ("Danone") that such issuance will not constitute a breach or violation of or constitute "New Securities" under that certain Stockholders' Agreement, dated as of October 1, 1999, by and among the Corporation, Danone, Michael Smolyansky and the other stockholders of the Corporation listed therein, as amended by that certain letter agreement dated September 24, 1999 and as further amended from time to time (the "Stockholders' Agreement") or upon applicability of certain exemptions under the Stockholders' Agreement. |
| 2 | Derivative | Restricted Stock Units | 2024-08-31 | M | D | 13,333 | $0.00 | 13,334 | D | — · — to — | 13,333 Common Stock | (F7) Each restricted stock unit has a value equal to one share of common stock. The remaining restricted stock units will vest on August 31, 2025, contingent on the Reporting Person's continued service on the vesting date. The issuance of shares upon vesting of these restricted stock units is contingent upon receipt by the Company of consent and agreement by Danone that such issuance will not constitute a breach of violation of or constitute "New Securities" under the Stockholders' Agreement or upon applicability of certain exemptions under the Stockholders' Agreement. |