STOCK TITAN

[Form 4] Lifeway Foods Inc Insider Trading Activity

Filing Impact
(Low)
Filing Sentiment
(Neutral)
Form Type
4
Rhea-AI Filing Summary

Salesforce, Inc. (CRM) has filed a Form 144 signaling the intended sale of 144,000 common shares through Merrill Lynch on the NYSE around 01 July 2025. At the reference price used in the filing, the transaction is valued at approximately $39.24 million. The seller—whose name and relationship to Salesforce are not disclosed—originally obtained the shares on 22 March 2019 via the exercise of a stock option and paid for them in cash on 22 March 2023. No additional Salesforce shares have been sold by this filer during the past three months. The proposed sale represents roughly 0.015 % of the company’s 956 million shares outstanding, suggesting minimal impact on overall float or control. The filing contains no indication of a Rule 10b5-1 trading plan, nor any remarks beyond the standard certification language.

Salesforce, Inc. (CRM) ha presentato un Modulo 144 indicando la vendita prevista di 144.000 azioni ordinarie tramite Merrill Lynch alla NYSE intorno al 01 luglio 2025. Al prezzo di riferimento utilizzato nella comunicazione, l’operazione ha un valore di circa 39,24 milioni di dollari. Il venditore—il cui nome e rapporto con Salesforce non sono stati divulgati—ha originariamente acquisito le azioni il 22 marzo 2019 tramite l’esercizio di un’opzione azionaria e le ha pagate in contanti il 22 marzo 2023. Negli ultimi tre mesi questo soggetto non ha venduto ulteriori azioni Salesforce. La vendita proposta rappresenta circa lo 0,015% delle 956 milioni di azioni in circolazione, suggerendo un impatto minimo sulla flottante complessiva o sul controllo societario. Nel modulo non sono indicate piani di negoziazione secondo la Regola 10b5-1, né commenti oltre al linguaggio standard di certificazione.

Salesforce, Inc. (CRM) ha presentado un Formulario 144 que señala la venta prevista de 144,000 acciones ordinarias a través de Merrill Lynch en la NYSE alrededor del 01 de julio de 2025. Al precio de referencia utilizado en la presentación, la transacción tiene un valor aproximado de 39.24 millones de dólares. El vendedor—cuyo nombre y relación con Salesforce no se revelan—obtuvo originalmente las acciones el 22 de marzo de 2019 mediante el ejercicio de una opción sobre acciones y las pagó en efectivo el 22 de marzo de 2023. No se han vendido acciones adicionales de Salesforce por parte de este declarante en los últimos tres meses. La venta propuesta representa aproximadamente el 0.015 % de las 956 millones de acciones en circulación, lo que sugiere un impacto mínimo en el flotante general o en el control. La presentación no indica un plan de negociación bajo la Regla 10b5-1, ni contiene comentarios más allá del lenguaje estándar de certificación.

Salesforce, Inc. (CRM)는 2025년 7월 1일경 NYSE에서 Merrill Lynch를 통해 144,000주 보통주 매도를 예고하는 Form 144를 제출했습니다. 제출서에 사용된 기준 가격으로 이번 거래 가치는 약 3,924만 달러에 달합니다. 판매자는 이름과 Salesforce와의 관계가 공개되지 않았으며, 해당 주식은 2019년 3월 22일 스톡옵션 행사를 통해 처음 취득했으며, 2023년 3월 22일 현금으로 결제했습니다. 이 제출자는 최근 3개월 동안 추가 Salesforce 주식을 매도하지 않았습니다. 이번 매도는 회사의 총 발행 주식 9억 5,600만 주 중 약 0.015%에 해당하여 전체 유동 주식이나 지배력에 미치는 영향은 미미할 것으로 보입니다. 제출서에는 Rule 10b5-1 거래 계획이나 표준 인증 문구 외의 언급은 포함되어 있지 않습니다.

Salesforce, Inc. (CRM) a déposé un Formulaire 144 annonçant la vente prévue de 144 000 actions ordinaires via Merrill Lynch à la NYSE aux alentours du 1er juillet 2025. Au prix de référence utilisé dans le dépôt, la transaction est évaluée à environ 39,24 millions de dollars. Le vendeur—dont le nom et le lien avec Salesforce ne sont pas divulgués—a initialement obtenu les actions le 22 mars 2019 par l’exercice d’une option d’achat d’actions et les a payées en espèces le 22 mars 2023. Aucun autre titre Salesforce n’a été vendu par ce déclarant au cours des trois derniers mois. La vente proposée représente environ 0,015 % des 956 millions d’actions en circulation, ce qui suggère un impact minimal sur le flottant global ou le contrôle. Le dépôt ne fait pas mention d’un plan de négociation selon la règle 10b5-1, ni d’observations autres que le langage standard de certification.

Salesforce, Inc. (CRM) hat ein Formular 144 eingereicht, das den beabsichtigten Verkauf von 144.000 Stammaktien über Merrill Lynch an der NYSE um den 01. Juli 2025 signalisiert. Zum in der Einreichung verwendeten Referenzpreis wird die Transaktion auf etwa 39,24 Millionen US-Dollar geschätzt. Der Verkäufer—dessen Name und Beziehung zu Salesforce nicht offengelegt sind—erwarb die Aktien ursprünglich am 22. März 2019 durch Ausübung einer Aktienoption und zahlte diese am 22. März 2023 bar. In den letzten drei Monaten wurden von diesem Einreicher keine weiteren Salesforce-Aktien verkauft. Der vorgeschlagene Verkauf entspricht etwa 0,015 % der 956 Millionen ausstehenden Aktien des Unternehmens, was auf minimale Auswirkungen auf den Gesamtstreubesitz oder die Kontrolle hindeutet. Das Formular enthält keinen Hinweis auf einen Rule 10b5-1 Handelsplan oder weitere Bemerkungen über die standardmäßige Zertifizierungssprache hinaus.

Positive
  • None.
Negative
  • Proposed insider sale of 144,000 CRM shares worth $39.24 million, which could be viewed negatively from a sentiment standpoint despite its small proportional size.

Insights

TL;DR: $39 M insider sale equals 0.015 % of float—financially immaterial, sentiment neutral-to-slightly negative.

The Form 144 covers 144,000 CRM shares worth about $39 million. While the headline dollar amount is large, the stake is negligible versus Salesforce’s 956 million shares outstanding and should not influence liquidity or valuation. Lack of seller identity limits insight into potential strategic motives. Because no prior 3-month sales are reported, this appears to be a one-off disposal rather than a sustained exit. Overall, I view the filing as neutral from a fundamental perspective, with a modestly negative optical effect due to insider selling.

TL;DR: Anonymous Form 144 raises transparency concerns but scale of sale keeps impact limited.

The document omits the selling insider’s name and relationship to Salesforce, providing limited governance insight. Absence of a disclosed Rule 10b5-1 plan means investors cannot verify if the trade is pre-scheduled, which may elevate perception risk. Nonetheless, the 0.015 % stake is too small to alter control dynamics. Consequently, the filing is not materially impactful to governance standings, though disclosure quality could be improved.

Salesforce, Inc. (CRM) ha presentato un Modulo 144 indicando la vendita prevista di 144.000 azioni ordinarie tramite Merrill Lynch alla NYSE intorno al 01 luglio 2025. Al prezzo di riferimento utilizzato nella comunicazione, l’operazione ha un valore di circa 39,24 milioni di dollari. Il venditore—il cui nome e rapporto con Salesforce non sono stati divulgati—ha originariamente acquisito le azioni il 22 marzo 2019 tramite l’esercizio di un’opzione azionaria e le ha pagate in contanti il 22 marzo 2023. Negli ultimi tre mesi questo soggetto non ha venduto ulteriori azioni Salesforce. La vendita proposta rappresenta circa lo 0,015% delle 956 milioni di azioni in circolazione, suggerendo un impatto minimo sulla flottante complessiva o sul controllo societario. Nel modulo non sono indicate piani di negoziazione secondo la Regola 10b5-1, né commenti oltre al linguaggio standard di certificazione.

Salesforce, Inc. (CRM) ha presentado un Formulario 144 que señala la venta prevista de 144,000 acciones ordinarias a través de Merrill Lynch en la NYSE alrededor del 01 de julio de 2025. Al precio de referencia utilizado en la presentación, la transacción tiene un valor aproximado de 39.24 millones de dólares. El vendedor—cuyo nombre y relación con Salesforce no se revelan—obtuvo originalmente las acciones el 22 de marzo de 2019 mediante el ejercicio de una opción sobre acciones y las pagó en efectivo el 22 de marzo de 2023. No se han vendido acciones adicionales de Salesforce por parte de este declarante en los últimos tres meses. La venta propuesta representa aproximadamente el 0.015 % de las 956 millones de acciones en circulación, lo que sugiere un impacto mínimo en el flotante general o en el control. La presentación no indica un plan de negociación bajo la Regla 10b5-1, ni contiene comentarios más allá del lenguaje estándar de certificación.

Salesforce, Inc. (CRM)는 2025년 7월 1일경 NYSE에서 Merrill Lynch를 통해 144,000주 보통주 매도를 예고하는 Form 144를 제출했습니다. 제출서에 사용된 기준 가격으로 이번 거래 가치는 약 3,924만 달러에 달합니다. 판매자는 이름과 Salesforce와의 관계가 공개되지 않았으며, 해당 주식은 2019년 3월 22일 스톡옵션 행사를 통해 처음 취득했으며, 2023년 3월 22일 현금으로 결제했습니다. 이 제출자는 최근 3개월 동안 추가 Salesforce 주식을 매도하지 않았습니다. 이번 매도는 회사의 총 발행 주식 9억 5,600만 주 중 약 0.015%에 해당하여 전체 유동 주식이나 지배력에 미치는 영향은 미미할 것으로 보입니다. 제출서에는 Rule 10b5-1 거래 계획이나 표준 인증 문구 외의 언급은 포함되어 있지 않습니다.

Salesforce, Inc. (CRM) a déposé un Formulaire 144 annonçant la vente prévue de 144 000 actions ordinaires via Merrill Lynch à la NYSE aux alentours du 1er juillet 2025. Au prix de référence utilisé dans le dépôt, la transaction est évaluée à environ 39,24 millions de dollars. Le vendeur—dont le nom et le lien avec Salesforce ne sont pas divulgués—a initialement obtenu les actions le 22 mars 2019 par l’exercice d’une option d’achat d’actions et les a payées en espèces le 22 mars 2023. Aucun autre titre Salesforce n’a été vendu par ce déclarant au cours des trois derniers mois. La vente proposée représente environ 0,015 % des 956 millions d’actions en circulation, ce qui suggère un impact minimal sur le flottant global ou le contrôle. Le dépôt ne fait pas mention d’un plan de négociation selon la règle 10b5-1, ni d’observations autres que le langage standard de certification.

Salesforce, Inc. (CRM) hat ein Formular 144 eingereicht, das den beabsichtigten Verkauf von 144.000 Stammaktien über Merrill Lynch an der NYSE um den 01. Juli 2025 signalisiert. Zum in der Einreichung verwendeten Referenzpreis wird die Transaktion auf etwa 39,24 Millionen US-Dollar geschätzt. Der Verkäufer—dessen Name und Beziehung zu Salesforce nicht offengelegt sind—erwarb die Aktien ursprünglich am 22. März 2019 durch Ausübung einer Aktienoption und zahlte diese am 22. März 2023 bar. In den letzten drei Monaten wurden von diesem Einreicher keine weiteren Salesforce-Aktien verkauft. Der vorgeschlagene Verkauf entspricht etwa 0,015 % der 956 Millionen ausstehenden Aktien des Unternehmens, was auf minimale Auswirkungen auf den Gesamtstreubesitz oder die Kontrolle hindeutet. Das Formular enthält keinen Hinweis auf einen Rule 10b5-1 Handelsplan oder weitere Bemerkungen über die standardmäßige Zertifizierungssprache hinaus.

SEC Form 4
FORM 4 UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934
or Section 30(h) of the Investment Company Act of 1940
OMB APPROVAL
OMB Number: 3235-0287
Estimated average burden
hours per response: 0.5
Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).
Check this box to indicate that a transaction was made pursuant to a contract, instruction or written plan for the purchase or sale of equity securities of the issuer that is intended to satisfy the affirmative defense conditions of Rule 10b5-1(c). See Instruction 10.
1. Name and Address of Reporting Person*
Dalto Juan Carlos

(Last) (First) (Middle)
C/O LIFEWAY FOODS, INC.
6431 WEST OAKTON

(Street)
MORTON GROVE IL 60053

(City) (State) (Zip)
2. Issuer Name and Ticker or Trading Symbol
Lifeway Foods, Inc. [ LWAY ]
5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
X Director 10% Owner
Officer (give title below) Other (specify below)
3. Date of Earliest Transaction (Month/Day/Year)
06/30/2025
4. If Amendment, Date of Original Filed (Month/Day/Year)
6. Individual or Joint/Group Filing (Check Applicable Line)
X Form filed by One Reporting Person
Form filed by More than One Reporting Person
Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1. Title of Security (Instr. 3) 2. Transaction Date (Month/Day/Year) 2A. Deemed Execution Date, if any (Month/Day/Year) 3. Transaction Code (Instr. 8) 4. Securities Acquired (A) or Disposed Of (D) (Instr. 3, 4 and 5) 5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4) 6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4) 7. Nature of Indirect Beneficial Ownership (Instr. 4)
Code V Amount (A) or (D) Price
Common Stock 4,751 D
Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned
(e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 3) 2. Conversion or Exercise Price of Derivative Security 3. Transaction Date (Month/Day/Year) 3A. Deemed Execution Date, if any (Month/Day/Year) 4. Transaction Code (Instr. 8) 5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5) 6. Date Exercisable and Expiration Date (Month/Day/Year) 7. Title and Amount of Securities Underlying Derivative Security (Instr. 3 and 4) 8. Price of Derivative Security (Instr. 5) 9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4) 10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4) 11. Nature of Indirect Beneficial Ownership (Instr. 4)
Code V (A) (D) Date Exercisable Expiration Date Title Amount or Number of Shares
Restricted Stock Units (1) (1) (1) Common Stock 1,600 1,600 D
Restricted Stock Units (2) (2) (2) Common Stock 3,101 3,101 D
Restricted Stock Units (3) 07/01/2025 M 1,356 (3) (3) Common Stock 1,356 (3) 2,710 D
Phantom Stock (4)(5) 06/30/2025 A 457 (4)(5) (4)(5) Common Stock 457 (4)(5) 918 D
Phantom Stock (4)(6) 07/01/2025 M 1,356 (4)(6) (4)(6) Common Stock 1,356 (4)(6) 2,274 D
Explanation of Responses:
1. Each restricted stock unit ("RSU") has a value equal to one share of common stock. The remaining RSUs will vest on August 31, 2025, contingent on the Reporting Person's continued service as a Director on the vesting date.
2. Each RSU has a value equal to one share of common stock. Of such RSUs, 1,551 will vest on August 31, 2025 and 1,550 will vest on August 31, 2026, contingent on the Reporting Person's continued service as a Director on each applicable vesting date.
3. Each RSU has a value equal to one share of common stock. Of such RSUs, 1,356 will vest on July 1, 2026 and 1,354 will vest on July 1, 2027, contingent on the Reporting Person's continued service as a Director on each applicable vesting date.
4. 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.
5. The acquired shares of phantom stock were acquired upon deferral of the Reporting Person's cash compensation for service on the Board of Directors in the quarter ended June 30, 2025 pursuant to the Company's Non-Employee Director Equity and Deferred Compensation Plan (the "Director Plan").
6. In connection with the vesting on July 1, 2025 of RSUs previously granted to the Reporting Person, the Reporting Person's receipt of 1,356 shares of common stock was deferred resulting in the Reporting Person's receipt instead of 1,356 shares of phantom stock pursuant to the Director Plan. The Reporting Person is therefore reporting the disposition of 1,356 RSUs in exchange for an equal number of shares of phantom stock.
/s/ Eric Hanson, as attorney-in-fact 07/01/2025
** Signature of Reporting Person Date
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* If the form is filed by more than one reporting person, see Instruction 4 (b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB Number.

FAQ

How many Salesforce (CRM) shares are being proposed for sale in this Form 144?

The filing covers 144,000 common shares.

What is the approximate market value of the proposed Salesforce share sale?

The aggregate market value listed is $39.24 million.

When is the planned sale date for the 144,000 CRM shares?

The filer indicates an approximate sale date of 01 July 2025.

What percentage of Salesforce’s outstanding shares does the sale represent?

The 144,000 shares equal roughly 0.015 % of the 956 million shares outstanding.

Were any Salesforce shares sold by this filer in the prior three months?

No; the section on past-3-month sales states "Nothing to Report."

How did the filer acquire the shares being sold?

The shares were acquired via a stock option exercise on 22 March 2019 and paid for in cash on 22 March 2023.
Lifeway Food

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MORTON GROVE