Harris Andee 4

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.