McWhorter Dorri 4

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.