Form 4: Edward Smolyansky Reports Gift of 75,000 Lifeway Foods Shares to Family Foundation

Edward Smolyansky, a director and 10% owner of Lifeway Foods, Inc., reported gifting 75,000 shares of common stock to The Ludmila and Edward Smolyansky Family Foundation.

Summary

• On May 13, 2024, Edward Smolyansky reported a transaction involving Lifeway Foods, Inc. (LWAY) common stock.
• Smolyansky gifted 75,000 shares to The Ludmila and Edward Smolyansky Family Foundation.
• The transaction did not involve any monetary exchange, as the price per share is listed as $0.
• Following the transaction, Smolyansky directly owns 1,271,642 shares and indirectly owns shares through various entities.
• These entities include The Ludmila and Edward Smolyansky Family Foundation (75,000 shares), the Edward Smolyansky Trust 2/2/16 (1,233,333 shares), shares owned by his son (100,000 shares), and Smolyansky Holding LLC (500,000 shares).

Sentiment

Score: 5

Explanation: The document is a neutral report of a transaction. It doesn't inherently convey positive or negative sentiment.

Industry Context

This filing is a routine disclosure of insider transactions and provides transparency to the market regarding the ownership structure of Lifeway Foods.

Related Party Transactions

• The gift of shares to The Ludmila and Edward Smolyansky Family Foundation constitutes a related party transaction.

Stakeholder Impact

• The transaction itself is unlikely to have a significant immediate impact on stakeholders.
• However, transparency in insider transactions is important for maintaining investor confidence.

Key Dates