Hanson Eric A 4

What Happened

• Eric A. Hanson, Chief Financial Officer of Lifeway Foods (LWAY), had 2,390 restricted stock units (RSUs) vest on June 16, 2026. Those RSUs were converted into 2,390 common shares (reported as an award/acquisition and conversion of a derivative).
• To satisfy withholding taxes, 994 of the newly issued shares were surrendered to the issuer at $24.79 per share, totaling $24,641. No shares were sold on the open market; the surrender was for tax withholding. Net new shares retained by Hanson from this vesting event = 1,396 shares.

Key Details

• Transaction date: June 16, 2026; Form 4 filed June 18, 2026 (timely filing).
• Award/Conversion: 2,390 RSUs vested and converted into 2,390 shares (code A and M on the Form 4).
• Tax withholding: 994 shares were surrendered to cover tax obligations at $24.79/share, total $24,641 (code F). Filing notes these shares were surrendered, not sold.
• Shares owned after transaction: not specified in the provided filing excerpt.
• Additional RSU vesting schedules disclosed in footnotes:
  • 743 RSUs vest on March 28, 2027 and 742 RSUs on March 28, 2028 (footnote F3).
  • 1,261 RSUs vest on January 10, 2027 (F4).
  • 891 RSUs vest on March 6, 2027; 891 on March 6, 2028; 890 on March 6, 2029 (F5).

Context

• This was a routine RSU vesting and net-share settlement for tax withholding (not an open-market sale). The filing includes an "exercise/conversion of derivative" entry because RSUs convert to shares upon vesting; the subsequent surrender of shares to the company covered tax withholding obligations.