What changed in this filing

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Item 5. Market for Registrant’s Common Equity

2023-03-27 compared with 2022-07-21 · 21 added, 26 removed, 27 unchanged (64% of the section changed)

MARKET FOR REGISTRANT’S COMMON EQUITY, RELATED STOCKHOLDER MATTERS AND ISSUER PURCHASES OF EQUITY SECURITIES

Our common stock is listed on the Nasdaq Global

Market under the symbol “LWAY.” Trading commenced on March 29, 1988.

As of June 17, 2022, there were approximately 55 holders

of record of Lifeway’s Common Stock, one of which was Cede & Co., a nominee for Depository Trust Company, or DTC, and 75 financial

FOR REGISTRANT’S COMMON EQUITY, RELATED STOCKHOLDER MATTERS AND ISSUER PURCHASES OF EQUITY SECURITIES

Our common stock is listed on the Nasdaq Global Market

under the symbol “LWAY.” Trading commenced on March 29, 1988.

As of March 14, 2023, there were approximately 49 holders of

record of Lifeway’s Common Stock, one of which was Cede & Co., a nominee for Depository Trust Company, or DTC, and 73 financial

institutions as nominees for beneficial owners or in “street name” the shares of which were deposited into participant accounts

2 unchanged sentences

Common stock price

The following table shows the high and low sale

prices per share of our common stock as reported on the Nasdaq Global Market for each quarter during the two most recent fiscal years:

The following table shows the high and low sale prices

per share of our common stock as reported on the Nasdaq Global Market for each quarter during the two most recent fiscal years:

Common Stock Price Range

15 unchanged sentences

Total number of shares purchased

Average price paid per share

Total number of shares purchased as part of a publicly

announced program (a)

Approximate Dollar Value of Shares that may yet be Purchased

Under the Plans or Programs

Average price paid

Total number of shares purchased as part of a publicly announced program (a)

Approximate Dollar Value of Shares that may yet be Purchased Under the Plans or Programs

($ in thousands)

7/1/2021 to 7/31/2021

2/1/2020 to 2/28/2020

3/1/2020 to 3/31/2020

4/1/2020 to 4/30/2020

Fiscal Year 2021

1 unchanged sentence

Fiscal Year 2022

During the fourth quarter of 2015, Lifeway publicly announced a share repurchase

On November 1, 2017, our Board of Directors amended the 2015 stock repurchase program (the “2017 amendment”), by

adding to (i.e., exclusive of the shares previously authorized under the 2015 stock program repurchase) the authorization the lesser of

$5,185 or 625 shares.

During the fourth quarter of 2015, Lifeway publicly announced a share repurchase program.

On November 1, 2017, our Board of Directors amended the 2015 stock repurchase program (the “2017 amendment”), by adding to (i.e., exclusive of the shares previously authorized under the 2015 stock program repurchase) the authorization the lesser of $5,185 or 625 shares.

The program has no expiration date.

As of April 2020, the Company had reached the amended threshold of 625 shares

and therefore no shares of common stock remain available to be purchased under the 2017 Repurchase Plan Amendment.

On June 24, 2021, our

Board authorized a plan to repurchase up to 250 shares of Common Stock in the open market within 24 months at no more than $10 per share

(the “2021 Repurchase Plan”).

As of December 31, 2021, the Company had reached the threshold of 250 shares and therefore no

shares of common stock remain available to be purchased under the 2021 Repurchase Plan Amendment.

As of April 2020, the Company had reached the amended threshold of 625 shares and therefore no shares of common stock remain available to be purchased under the 2017 Repurchase Plan Amendment.

On June 24, 2021, our Board authorized a plan to repurchase up to 250 shares of Common Stock in the open market within 24 months at no more than $10 per share (the “2021 Repurchase Plan”).

As of December 31, 2021, the Company had reached the threshold of 250 shares and therefore no shares of common stock remain available to be purchased under the 2021 Repurchase Plan Amendment.

On November 7, 2022, the Company entered into a Stock Purchase Agreement

with Ludmila Smolyansky (“Ms.

Smolyansky”), to purchase 850,340 shares of Lifeway common stock from Ms.

Smolyansky in a privately

negotiated share repurchase (the “Share Repurchase”).

The Share Repurchase closed on November 30, 2022.

Compared sentence by sentence after normalising whitespace, quotation marks, case and digits, so re-formatting and restated figures do not read as changed language. Wording changes appear as one removal and one addition. The current filing and the prior one are authoritative.

What changed 10-K

Item 5. Market for Registrant’s Common Equity