Smolyansky Amends Lifeway Foods Stake Disclosure

TL;DR

Smolyansky updated his Lifeway Foods (LWAY) filing. Keep an eye on LWAY.

AI Summary

Edward Smolyansky filed an amendment (No. 18) to Schedule 13D for Lifeway Foods, Inc. on April 26, 2024. The filing relates to his beneficial ownership of the company's common stock. The specific details of any changes in ownership or control are not detailed in this excerpt, but the filing indicates an update to his disclosure.

Why It Matters

This filing is an update to a significant shareholder's disclosure, which can signal changes in their investment strategy or influence over the company.

Risk Assessment

Risk Level: medium — Schedule 13D filings often indicate significant shareholder activity, which can lead to volatility or strategic shifts in the company.

Key Players & Entities

• Edward Smolyansky (person) — Filing person and beneficial owner
• Lifeway Foods, Inc. (company) — Subject company
• LWAY (company) — Ticker symbol for Lifeway Foods, Inc.

FAQ

Key Financial Figures

• $23.90 — l 26, 2024 Ludmila Smolyansky 10,000 $23.90 Open market sale April 26, 2024 Lud

Filing Documents

• lifeway_sc13da18.htm (SC 13D/A) — 65KB
• 0001683168-24-002752.txt ( ) — 66KB

is hereby amended and supplemented by

Item 5 is hereby amended and supplemented by the addition of the following: (a) As of April 26, 2024, for purposes of Rule 13d-3 under the Securities Exchange Act of 1934, as amended (the “Exchange Act”), (i) Ludmila Smolyansky may be deemed to be the beneficial owner of 1,282,096 shares of Common Stock, representing approximately 8.6% of the outstanding shares of Common Stock, (ii) Edward Smolyansky may be deemed to be the beneficial Edward Smolyansky Trust may be deemed to be the beneficial owner of 1,233,333 shares of Common Stock, representing approximately 8.7% of the outstanding shares of Common Stock, and (iv) the Filing Persons together may be deemed to be the beneficial owners of an aggregate of 4,387,071 shares of Common Stock, representing approximately 29.9% of outstanding shares of Common Stock. The foregoing percentage calculations were based on 14,690,987 shares outstanding as of Mach 15, 2024, as reported by the Company on its Annual Report on Form 10-K for the year ended December 31, 2023, as filed with the SEC. (b) Ludmila Smolyansky has sole power to vote or direct the vote of, and sole power to dispose or direct the disposition of, 1,282,096 shares of Common Stock. Edward Smolyansky has sole power to vote or direct the vote of, and sole power to dispose or direct the disposition of, 3,104,975 shares of Common Stock, which includes the 1,233,333 shares beneficially owned by the Edward Smolyansky Trust and 100,000 shares held by his son, and shared power to vote or direct the vote of, and shared power to dispose or direct the disposition of, 500,000 shares of Common Stock, which are held by Smolyansky Family Holdings LLC, and over which Edward Smolyansky and Julie Smolyansky share voting power and dispositive power. Julie Smolyansky is a United States citizen and the Chief Executive Officer of the Company,

SIGNATURES

SIGNATURES After reasonable inquiry and to the best knowledge and belief of the undersigned, the undersigned certify that the information set forth in this statement is true, complete and correct. Date: April 26, 2024 /s/ Ludmila Smolyansky Ludmila Smolyansky Date: April 26, 2024 /s/ Edward Smolyansky Edward Smolyansky THE EDWARD SMOLYANSKY TRUST 2/2/16 Date: April 26, 2024 By: /s/ Edward Smolyansky Name: Edward Smolyansky Title: Trustee 6

View Full Filing

View this SC 13D/A filing on SEC EDGAR