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[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 per segnalare la vendita prevista di 144.000 azioni ordinarie tramite Merrill Lynch alla NYSE intorno al 01 luglio 2025. Al prezzo di riferimento indicato nel modulo, 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 esercitando 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 della società, indicando un impatto minimo sulla flottazione complessiva o sul controllo. Nel modulo non vi è alcun riferimento a un piano di trading secondo la Regola 10b5-1, né commenti oltre al consueto linguaggio di certificazione.

Salesforce, Inc. (CRM) ha presentado un Formulario 144 que señala la intención de vender 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 se valora en aproximadamente 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 este declarante en los últimos tres meses. La venta propuesta representa aproximadamente el 0,015% de las 956 millones de acciones en circulación de la compañía, lo que sugiere un impacto mínimo en el flotante general o en el control. La presentación no indica la existencia de un plan de negociación bajo la Regla 10b5-1, ni contiene comentarios más allá del lenguaje estándar de certificación.

Salesforce, Inc. (CRM)는 폼 144를 제출하여 Merrill Lynch를 통해 NYSE에서 144,000주 일반주식2025년 7월 1일경에 판매할 계획임을 알렸습니다. 제출서에 사용된 기준 가격으로 거래 가치는 약 3,924만 달러입니다. 판매자는 이름과 Salesforce와의 관계가 공개되지 않았으며, 2019년 3월 22일 주식매수선택권 행사로 주식을 취득했고 2023년 3월 22일에 현금으로 결제했습니다. 이 제출자는 지난 3개월 동안 추가 Salesforce 주식을 판매하지 않았습니다. 제안된 판매는 회사의 유통 주식수 9억 5,600만 주의 약 0.015%에 해당하여 전체 유통 주식이나 지배력에 미치는 영향이 미미함을 시사합니다. 제출서에는 Rule 10b5-1 거래 계획에 대한 언급이나 표준 인증 문구 외의 추가 설명이 포함되어 있지 않습니다.

Salesforce, Inc. (CRM) a déposé un Formulaire 144 indiquant 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 la relation 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 de la société, suggérant un impact minimal sur le flottant global ou le contrôle. Le dépôt ne mentionne aucun plan de trading selon la règle 10b5-1, ni aucun commentaire au-delà du langage standard de certification.

Salesforce, Inc. (CRM) hat ein Formular 144 eingereicht, das den geplanten Verkauf von 144.000 Stammaktien über Merrill Lynch an der NYSE um den 01. Juli 2025 signalisiert. Zum im Formular 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 bezahlte diese am 22. März 2023 bar. In den letzten drei Monaten wurden keine weiteren Salesforce-Aktien von diesem Einreicher verkauft. Der vorgeschlagene Verkauf entspricht etwa 0,015 % der 956 Millionen ausstehenden Aktien des Unternehmens, was auf eine minimale Auswirkung auf die Gesamtstreuung oder Kontrolle hindeutet. Das Formular enthält keinen Hinweis auf einen Handelsplan gemäß Regel 10b5-1 noch 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 per segnalare la vendita prevista di 144.000 azioni ordinarie tramite Merrill Lynch alla NYSE intorno al 01 luglio 2025. Al prezzo di riferimento indicato nel modulo, 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 esercitando 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 della società, indicando un impatto minimo sulla flottazione complessiva o sul controllo. Nel modulo non vi è alcun riferimento a un piano di trading secondo la Regola 10b5-1, né commenti oltre al consueto linguaggio di certificazione.

Salesforce, Inc. (CRM) ha presentado un Formulario 144 que señala la intención de vender 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 se valora en aproximadamente 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 este declarante en los últimos tres meses. La venta propuesta representa aproximadamente el 0,015% de las 956 millones de acciones en circulación de la compañía, lo que sugiere un impacto mínimo en el flotante general o en el control. La presentación no indica la existencia de un plan de negociación bajo la Regla 10b5-1, ni contiene comentarios más allá del lenguaje estándar de certificación.

Salesforce, Inc. (CRM)는 폼 144를 제출하여 Merrill Lynch를 통해 NYSE에서 144,000주 일반주식2025년 7월 1일경에 판매할 계획임을 알렸습니다. 제출서에 사용된 기준 가격으로 거래 가치는 약 3,924만 달러입니다. 판매자는 이름과 Salesforce와의 관계가 공개되지 않았으며, 2019년 3월 22일 주식매수선택권 행사로 주식을 취득했고 2023년 3월 22일에 현금으로 결제했습니다. 이 제출자는 지난 3개월 동안 추가 Salesforce 주식을 판매하지 않았습니다. 제안된 판매는 회사의 유통 주식수 9억 5,600만 주의 약 0.015%에 해당하여 전체 유통 주식이나 지배력에 미치는 영향이 미미함을 시사합니다. 제출서에는 Rule 10b5-1 거래 계획에 대한 언급이나 표준 인증 문구 외의 추가 설명이 포함되어 있지 않습니다.

Salesforce, Inc. (CRM) a déposé un Formulaire 144 indiquant 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 la relation 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 de la société, suggérant un impact minimal sur le flottant global ou le contrôle. Le dépôt ne mentionne aucun plan de trading selon la règle 10b5-1, ni aucun commentaire au-delà du langage standard de certification.

Salesforce, Inc. (CRM) hat ein Formular 144 eingereicht, das den geplanten Verkauf von 144.000 Stammaktien über Merrill Lynch an der NYSE um den 01. Juli 2025 signalisiert. Zum im Formular 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 bezahlte diese am 22. März 2023 bar. In den letzten drei Monaten wurden keine weiteren Salesforce-Aktien von diesem Einreicher verkauft. Der vorgeschlagene Verkauf entspricht etwa 0,015 % der 956 Millionen ausstehenden Aktien des Unternehmens, was auf eine minimale Auswirkung auf die Gesamtstreuung oder Kontrolle hindeutet. Das Formular enthält keinen Hinweis auf einen Handelsplan gemäß Regel 10b5-1 noch 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*
SIKAR POL

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

(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)
07/01/2025
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, no par value 07/01/2025 M 1,356 A $0 22,214 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 $0 2,710 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.
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.
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MORTON GROVE