4//SEC Filing
SCHER JASON SCOTT 4
Accession 0001683168-26-000221
CIK 0000814586other
Filed
Jan 11, 7:00 PM ET
Accepted
Jan 12, 4:30 PM ET
Size
14.3 KB
Accession
0001683168-26-000221
Insider Transaction Report
Form 4
SCHER JASON SCOTT
Director
Transactions
- Exercise/Conversion
Restricted Stock Units
[F1][F3]2026-01-10−1,600→ 0 total→ Common Stock (1,600 underlying) - Exercise/Conversion
Restricted Stock Units
[F1][F4]2026-01-10−1,551→ 1,550 total→ Common Stock (1,551 underlying) - Award
Phantom Stock
[F6][F7]2026-01-10+3,151→ 79,597 total→ Common Stock (3,151 underlying)
Holdings
- 1
Common Stock, no par value
- 2,512
Restricted Stock Units
[F1][F2]→ Common Stock (2,512 underlying) - 2,710
Restricted Stock Units
[F1][F5]→ Common Stock (2,710 underlying)
Footnotes (7)
- [F1]Each restricted stock unit ("RSU") represents a contingent right to receive one share of common stock.
- [F2]The RSUs vest on December 30, 2026 contingent on the Reporting Person's continued service as a Director on such vesting date.
- [F3]The RSUs vested on August 31, 2025 and were settled on January 10, 2026 (the "1,600 Settled RSUs").
- [F4]Of such RSUs, 1,551 vested on August 31, 2025 which were settled on January 10, 2026 (together with the 1,600 Settled RSUs, the "Settled RSUs"). The remaining 1,550 RSUs will vest on August 31, 2026, contingent on the Reporting Person's continued service as a Director on each applicable vesting date.
- [F5]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.
- [F6]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.
- [F7]In connection with settlement of the Settled RSUs on January 10, 2026, the Reporting Person's receipt of the common stock underlying the Settled RSUs was deferred in accordance with the Company's 2022 Non-Employee Director Equity and Deferred Compensation Plan, resulting in the Reporting Person's receipt instead of 3,151 shares of phantom stock. The Reporting Person is therefore reporting the conversion of 3,151 RSUs into an equal number of shares of phantom stock.
Signature
/s/ Eric Hanson, as attorney-in-fact|2026-01-12
Documents
Issuer
Lifeway Foods, Inc.
CIK 0000814586
Entity typeother
Related Parties
1- filerCIK 0001554866
Filing Metadata
- Form type
- 4
- Filed
- Jan 11, 7:00 PM ET
- Accepted
- Jan 12, 4:30 PM ET
- Size
- 14.3 KB