Form 4: Lifeway Foods Director Jody Levy Reports Stock Transactions
SEC Form 4
Director Jody Levy reports acquisition and disposal of Lifeway Foods stock and restricted stock units.
Summary
- On August 31, 2024, Jody Levy, a director of Lifeway Foods, Inc., reported transactions involving the company's stock.
- Levy acquired 3,151 shares of common stock.
- Levy also disposed of 25,491 shares of common stock.
- Additionally, Levy acquired restricted stock units (RSUs) that convert into common stock.
- Specifically, 1,600 RSUs vested on August 31, 2024, representing 1,600 shares of common stock.
- Another 1,551 RSUs vested on the same date, representing 1,551 shares of common stock.
- Levy directly owns 4,066 restricted stock units.
- The remaining RSUs will vest on future dates contingent on continued service as a director.
Sentiment
Score: 5
Explanation: This is a routine disclosure of stock transactions by a company director, with no inherent positive or negative sentiment.
Future Outlook
Future vesting of RSUs is contingent on the Reporting Person's continued service as a Director.
Industry Context
This is a standard SEC Form 4 filing, reflecting changes in beneficial ownership by a company insider. Such filings are common and provide transparency to the market regarding insider transactions.
Stakeholder Impact
- The transactions may be of interest to shareholders as they provide insight into the actions of a company insider.
Key Dates
| Date | Description |
|---|---|
| 08/31/2024 | Date of stock and RSU transactions |
| 08/31/2025 | Vesting date for remaining 1,600 RSUs |
| 08/31/2025 | Vesting date for 1,551 RSUs |
| 08/31/2026 | Vesting date for 1,550 RSUs |
| 07/01/2025 | Vesting date for 1,356 RSUs |
| 07/01/2026 | Vesting date for 1,356 RSUs |
| 07/01/2027 | Vesting date for 1,354 RSUs |
| 09/04/2024 | Date of signature by attorney-in-fact |
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