4//SEC Filing
SCHER JASON SCOTT 4
Accession 0001683168-25-004869
CIK 0000814586other
Filed
Jun 30, 8:00 PM ET
Accepted
Jul 1, 4:13 PM ET
Size
14.7 KB
Accession
0001683168-25-004869
Insider Transaction Report
Form 4
SCHER JASON SCOTT
Director
Transactions
- Exercise/Conversion
Restricted Stock Units
2025-07-01−1,356→ 2,710 total→ Common Stock (1,356 underlying) - Award
Phantom Stock
2025-06-30+923→ 73,041 total→ Common Stock (923 underlying) - Exercise/Conversion
Phantom Stock
2025-07-01+1,356→ 74,397 total→ Common Stock (1,356 underlying)
Holdings
- 1
Common Stock, no par value
- 3,101
Restricted Stock Units
→ Common Stock (3,101 underlying) - 1,600
Restricted Stock Units
→ Common Stock (1,600 underlying)
Footnotes (6)
- [F1]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.
- [F2]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.
- [F3]Each RSU has a value equal to one share of common stock. Of such RSUs, 1,356 will vest on July 1, 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.
- [F4]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.
- [F5]The acquired shares of phantom stock were acquired upon deferral of the Reporting Person's cash compensation for service on the Board of Directors in the quarter ended June 30, 2025 stock pursuant to the Company's Non-Employee Director Equity and Deferred Compensation Plan (the "Director Plan").
- [F6]In connection with the vesting on July 1, 2025 of RSUs previously granted to the Reporting Person, the Reporting Person's receipt of 1,356 shares of common stock was deferred resulting in the Reporting Person's receipt instead of 1,356 shares of phantom stock pursuant to the Director Plan. The Reporting Person is therefore reporting the disposition of 1,356 RSUs in exchange for an equal number of shares of phantom stock.
Documents
Issuer
Lifeway Foods, Inc.
CIK 0000814586
Entity typeother
Related Parties
1- filerCIK 0001554866
Filing Metadata
- Form type
- 4
- Filed
- Jun 30, 8:00 PM ET
- Accepted
- Jul 1, 4:13 PM ET
- Size
- 14.7 KB