McWhorter Dorri 4

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

AI-generated summary of this filing

Updated Jul 2, 2026

Lifeway Foods (LWAY) Director Dorri McWhorter Exercises Derivatives, Receives RSUs

What Happened

Dorri McWhorter, a director of Lifeway Foods (LWAY), reported derivative activity and an equity award on a Form 4 covering transactions dated July 1, 2026.
Transactions: exercised/converted 1,356 derivative units (reported as acquired), immediately reported a disposition of 1,356 derivative units, and received a grant of 2,038 restricted stock units (RSUs). No prices or dollar values are reported (listed as N/A).

Key Details

Transaction date: July 1, 2026; Form 4 filed July 2, 2026 (appears timely).
Exercise/conversion (code M): 1,356 shares acquired; a matching 1,356 shares reported as disposed (also coded M/derivative). Grant/award (code A): 2,038 RSUs acquired.
Prices and total dollar amounts: not provided (N/A) in the filing.
Shares owned after transaction: not specified in the summary data provided.
Footnotes: RSUs represent contingent rights to receive one share each and vest in tranches—August 31, 2026; December 30, 2026; and July 1, 2027—each contingent on McWhorter’s continued service as a director on the applicable vesting date.

Context

The filing shows a conversion/exercise of derivatives with a same-size disposition reported; Form 4 does not state the reason for the disposition (e.g., sale, tax withholding, or transfer).
The 2,038 RSUs are time-based awards (not immediate stock) and will only result in shares if vesting conditions are met. No indication of intent or market timing is provided — filings are factual disclosures, not recommendations.

Form 4

Period: 2026-07-01

Director

Transactions

Exercise/Conversion
Common Stock, no par value
[F3]
2026-07-01+1,356→ 27,292 total
Exercise/Conversion
Restricted Stock Units
[F1][F4]
2026-07-01−1,356→ 1,354 total
→ Common Stock (1,356 underlying)
Award
Restricted Stock Units
[F1][F5]
2026-07-01+2,038→ 2,038 total
→ Common Stock (2,038 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 remaining RSUs will vest on August 31, 2026, contingent on the Reporting Person's continued service as a Director on such vesting date.
[F4]The remaining RSUs will vest on July 1, 2027, contingent on the Reporting Person's continued service as a Director on such vesting date.
[F5]The RSUs vest on July 1, 2027 contingent on the Reporting Person's continued service as a Director on such vesting date.

Signature

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

1 file