Harris Andee 4

4 · Lifeway Foods, Inc. · Filed Jul 2, 2026

AI-generated summary of this filing

Updated Jul 2, 2026

Lifeway Foods (LWAY) Director Harris Andee Receives 2,604-Share Award

What Happened

Harris Andee, a director of Lifeway Foods, received awards totaling 2,604 derivative shares: 2,038 granted on 2026-07-01 and 566 granted on 2026-06-30. Both transactions are reported as awards (derivative securities) with no cash price disclosed (N/A). These were not open-market purchases or sales but equity compensation and a deferral of director cash pay.

Key Details

Transaction dates and amounts:
- 2026-07-01 — Award of 2,038 derivative shares (RSUs) (A)
- 2026-06-30 — Award of 566 derivative shares (phantom stock acquired by deferral) (A)
Prices/values: No per-share price or cash amount reported (N/A); these are non-cash awards/deferrals.
Shares owned after transaction: Not specified in the filing.
Vesting/payable terms:
- RSUs: Each RSU equals a contingent right to one share. Vesting is contingent on continued service (vesting dates noted in the filing include Dec 30, 2026 and July 1, 2027).
- Phantom stock: Each phantom share is a right to one share and becomes payable when the director ceases service. The 566 phantom shares were acquired by deferring the reporting person’s cash board compensation for the quarter ended 6/30/2026 under the company’s Non-Employee Director Equity & Deferred Compensation Plan.
Filing timeliness: Form 4 filed 2026-07-02 for transactions through 2026-07-01 — filing appears timely.

Context

These are award and deferred-compensation transactions (code A), not purchases or sales. RSUs are contingent awards that convert to actual shares only if vesting conditions (continued service) are met; phantom stock pays out later, typically when service ends. Such grants are common for non-employee directors and do not by themselves indicate buying or selling sentiment.

Form 4

Period: 2026-06-30

Director

Transactions

Award
Restricted Stock Units
[F1][F3]
2026-07-01+2,038→ 2,038 total
→ Common Stock (2,038 underlying)
Award
Phantom Stock
[F4][F5]
2026-06-30+566→ 1,439 total
→ Common Stock (566 underlying)

Holdings

Footnotes (5)

[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 vest on July 1, 2027 contingent on the Reporting Person's continued service as a Director on such vesting date.
[F4]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.
[F5]The acquired shares of phantom stock were acquired upon deferral of the Reporting Person's cash compensation for service on the Board of Directors in the quarter ended June 30, 2026 pursuant to the Company's Non-Employee Director Equity and Deferred Compensation Plan.

Signature

/s/ Eric Hanson, as attorney-in-fact|2026-07-02

1 file