HANSON ERIC A (Chief Financial and Acctg Off) exercised options at LIFEWAY FOODS, INC.

Option exercise — a mechanical event triggered by vesting or expiry. Not a discretionary conviction trade.

M · 1 exercise

HANSON ERIC A

Filed: 1/13/2026ACC: 0001683168-26-000257

InsiderHANSON ERIC ACIK 1742145

→

IssuerLIFEWAY FOODS, INC.CIK 814586

Officer· Chief Financial and Acctg Off

Since Feb 2019

-1.72K

Net shares

Net seller

$39.2K

Total sold

Open market trades

0B · 0S

Total transactions

3.75K acquired · 5.47K disposed

Non-Derivative Transactions2

Common Stock, no par value

Direct

M · Option Exercise

+3.75K

Price / share

—

Trade value

—

% of position

9.0%

1/10/2026

41.63K→45.38K

Common Stock, no par value

Direct

F · Tax Withholding

−1.72K

Price / share

$22.78

Trade value

$39.18K

% of position

3.8%

1/10/2026

45.38K→43.66K

Total

Net shares

+2.03K

Net value

-$39.18K

Security	Date	Type	Shares	Price / Share	Trade Value	% of Position	Held Before	Held After
Common Stock, no par value Direct	1/10/2026	M · Option Exercise	+3.75K	—	—	9.0%	41.63K	45.38K
Common Stock, no par value Direct	1/10/2026	F · Tax Withholding	−1.72K	$22.78	$39.18K	3.8%	45.38K	43.66K
Total			+2.03K		-$39.18K

Derivative Transactions2

Restricted Stock Units

Direct

M · Option Exercise

Converts to

Common Stock

1.26K shares

−1.26K

Strike price

Held after

1.26K

Exercisable

—

1/10/2026

Restricted Stock Units

Direct

M · Option Exercise

Converts to

Common Stock

2.49K shares

−2.49K

Strike price

Held after

0.00

Exercisable

—

1/10/2026

Security	Converts To	Date	Type	Shares	Strike Price	Exercisable	Held After
Restricted Stock Units Direct	Common Stock1.26K shares	1/10/2026	M · Option Exercise	−1.26K		—	1.26K
Restricted Stock Units Direct	Common Stock2.49K shares	1/10/2026	M · Option Exercise	−2.49K		—	0.00

Non-Derivative Holdings (Post-Transaction)0

No non-derivative holdings reported

Derivative Holdings (Post-Transaction)2

Restricted Stock Units

Direct

Underlying security

Common Stock

Underlying shares

2.23K

Shares owned

2.23K

Exercise price

Expiration

—

Exercise window

—

Restricted Stock Units

Direct

Underlying security

Common Stock

Underlying shares

2.39K

Shares owned

2.39K

Exercise price

Expiration

—

Exercise window

—

Total

Underlying

4.62K

Owned

4.62K

Security	Underlying	Exercise Window	Expiration	Underlying Shares	Shares Owned
Restricted Stock Units Direct	Common Stock	—	—	2.23K	2.23K
Restricted Stock Units Direct	Common Stock	—	—	2.39K	2.39K
Total				4.62K	4.62K