SMOLYANSKY EDWARD 4

What Happened
Edward Smolyansky, a reported ~10% owner of Lifeway Foods (LWAY), sold a total of 35,647 shares in two open-market transactions: 13,334 shares on 2026-03-16 for total proceeds of $274,680 (weighted avg price $20.60; trades ranged $20.04–$21.03) and 22,313 shares on 2026-03-17 for total proceeds of $448,491 (weighted avg price $20.10; trades ranged $20.00–$20.99). Combined proceeds were about $723,171. These were sales (not purchases or option exercises), which are commonly routine liquidity transactions.

Key Details

• Transaction dates: March 16, 2026 (13,334 shares) and March 17, 2026 (22,313 shares).
• Reported weighted-average prices: $20.60 (3/16; range $20.04–$21.03) and $20.10 (3/17; range $20.00–$20.99).
• Total shares sold: 35,647; total proceeds ≈ $723,171.
• Filing: Form 4 filed March 18, 2026 (appears timely based on the transaction dates). Accession: 0001683168-26-001945.
• Holdings after transaction: not specified in the supplied data.
• Notable footnotes: the Form 4 excludes 67,657 shares held by The Ludmila and Edward Smolyansky Family Foundation (the reporting person disclaims pecuniary interest in those); some shares are held via the Edward Smolyansky Trust and Smolyansky Holding LLC, and the reporting person disclaims beneficial ownership of shares owned by his son. The filing offers to provide per-price breakdowns on request.

Context: As a 10% owner, these open‑market sales reflect disposition by a major shareholder rather than an executive purchase signal. Sales by large shareholders can be for many reasons (liquidity, portfolio rebalancing, tax planning) and should not be taken alone as a statement about company prospects.