Hanson Eric A 4

What Happened
Eric A. Hanson, Chief Financial Officer of Lifeway Foods, received 743 restricted stock units (RSUs) that converted into common shares on March 28, 2026 (transaction reported as an award/acquisition and conversion of a derivative). To satisfy tax withholding obligations, 285 of those shares were surrendered to the issuer at an implied withholding price of $18.30 per share (total value withheld ≈ $5,216). The net shares retained from this vesting/conversion were 458 shares (743 granted − 285 withheld). No shares were sold on the open market.

Key Details

• Transaction date: March 28, 2026; Form 4 filed March 31, 2026 (appears timely).
• Grant/acquisition: 743 RSU shares (code A) reported as acquired at $0.00.
• Conversion/exercise: 743 shares indicated as conversion of a derivative (code M).
• Tax withholding: 285 shares surrendered to issuer (code F) at $18.30/share; value reported $5,216. Filing notes that no shares were sold to a third party (footnote F1).
• Net shares retained from this event: 458 shares.
• Shares owned after transaction: not specified in the provided filing excerpt.
• Footnotes detail additional outstanding RSU schedules that vest on future dates (see filing footnotes for vesting schedule breakdown).

Context

• This was a vesting/conversion of RSUs and a cashless tax withholding, not an open-market purchase or sale — common executive compensation activity rather than a directional vote on the stock.
• For derivative/option language: the filing shows conversion of RSUs into shares (exercise/conversion), followed by withholding to cover taxes.