June 7, 2024 · Form 4 insider transaction
SCHER JASON SCOTT bought 8,708 shares of Lifeway Foods Inc, a transaction worth N/A. The trade was recorded as grant or award and disclosed on an SEC Form 4, filed 4 days after the transaction.
Each share of phantom stock represents a right to receive one share of common stock. The phantom stock becomes payable on the date that the Reporting Person no longer serves as a director of the Company.; Such shares of phantom stock represent 8,708 deferred RSUs acquired upon conversion of $114,250 of the Reporting Person's Board of Director deferred cash compensation for service on the Board of Directors into deferred RSUs on June 7, 2024 pursuant to the Company's 2022 Non-Employee Director Equity and Deferred Compensation Plan, as amended and modified from time to time.