Harris Andee 4

What Happened

Harris Andee, a director of Lifeway Foods, was credited with 873 derivative units on March 31, 2026, reported on a Form 4 filed April 2, 2026. The units are reported as an award/acquisition (derivative securities) and have no per-share price (N/A) in the filing.

Key Details

• Transaction date: 2026-03-31; Form 4 filed: 2026-04-02.
• Amount: 873 derivative shares (award/grant, transaction code A). Price: N/A.
• Shares owned after the transaction: not specified in the supplied filing excerpt.
• Footnotes from the filing:
  • F1/F2: Some units are restricted stock units (RSUs); each RSU represents a contingent right to one share and RSUs vest on Dec 30, 2026, contingent on continued service as a director.
  • F3/F4: Some units are phantom stock (each represents a right to one share) that becomes payable when the director leaves service; these phantom shares were acquired via deferral of the director’s cash compensation for the quarter ended March 31, 2026 under the company’s Non-Employee Director Equity and Deferred Compensation Plan.
• No late-filing flag was indicated in the provided information.

Context

This was an equity award/compensation deferral for board service, not an open-market purchase or sale. RSUs are contingent on continued service and phantom stock pays out on termination of service; such grants are routine director compensation and are not direct indications of immediate buying or selling intent.