Form 4: Ludmila Smolyansky Reports Gift of Lifeway Foods Shares to Foundations

Ludmila Smolyansky, a member of a 10% owner group of Lifeway Foods, Inc., reported gifting 75,000 shares of common stock to a trust and a family foundation on May 13, 2024.

Summary

• On May 13, 2024, Ludmila Smolyansky reported a transaction involving Lifeway Foods, Inc. shares.
• Smolyansky gifted 75,000 shares of common stock to the Ludmila Smolyansky Trust 2/1/05, of which she is the trustee.
• She also gifted 75,000 shares to The Ludmila and Edward Smolyansky Family Foundation, where she serves as a director.
• Following these transactions, Smolyansky indirectly owns 1,139,753 shares through the Ludmila Smolyansky Trust 2/1/05.
• She also indirectly owns 75,000 shares through The Ludmila and Edward Smolyansky Family Foundation and 27,343 shares through The Smolyansky Family Foundation.
• Smolyansky disclaims beneficial ownership of the shares held by The Ludmila and Edward Smolyansky Family Foundation.

Sentiment

Score: 5

Explanation: The document is a standard SEC filing detailing a gift of shares. It doesn't inherently convey positive or negative sentiment about the company's performance.

Industry Context

This filing is a routine disclosure of insider transactions and doesn't necessarily indicate a change in the company's overall prospects or strategy. It reflects personal financial decisions of a significant shareholder.

Stakeholder Impact

• The gifting of shares by a significant shareholder could be perceived neutrally by stakeholders, as it doesn't directly impact the company's operations or financial health.

Key Dates