Form 4: Lendway Director Acquires Deferred Compensation Units

Lendway Director Mary Herfurth acquired 1,008 Common Stock Equivalents on September 30, 2025, as part of the company's deferred compensation plan.

Summary

• Mary Herfurth, a Director of Lendway, Inc. (LDWY), acquired 1,008 Common Stock Equivalents.
• The transaction occurred on September 30, 2025.
• These equivalents were acquired pursuant to the Lendway, Inc. Deferred Compensation Plan for Directors (the "Plan").
• Each Common Stock Equivalent is the economic equivalent of one share of Lendway, Inc. common stock.
• The Common Stock Equivalents will be settled in Lendway, Inc. common stock upon separation from service with the company or in cash upon an earlier change in control of the company.
• Following this transaction, Mary Herfurth beneficially owns a total of 10,201 Common Stock Equivalents.
• The price per Common Stock Equivalent for this transaction was $5.4523.

Sentiment

Score: 6

Explanation: Slightly positive as it indicates a director's continued equity alignment with the company through a deferred compensation plan, which is a standard practice.

Positives

• The acquisition of Common Stock Equivalents by a director aligns their financial interests with those of shareholders.
• Participation in a deferred compensation plan indicates a commitment to the company's long-term performance and stability.

Future Outlook

The Common Stock Equivalents will be settled in Lendway, Inc. common stock upon the director's separation from service or in cash upon an earlier change in control of the company.

Industry Context

This is a routine insider transaction related to director compensation, common across publicly traded companies to align director interests with shareholder value. It does not reflect broader industry trends or competitive positioning.

Stakeholder Impact

• Shareholders: Increased alignment of director's financial interests with shareholder value through equity-based compensation.

Next Steps

• Settlement of Common Stock Equivalents in Lendway, Inc. common stock upon separation from service with the company.
• Settlement of Common Stock Equivalents in cash upon an earlier change in control of the company.

Key Dates

Keywords

Lendway, LDWY, Form 4, Insider Transaction, Deferred Compensation, Director Compensation, Equity Compensation, Mary Herfurth