Lifeway Foods, Inc.
US ˙ NasdaqGM ˙ US5319141090

Introduction

This page provides a comprehensive analysis of the known insider trading history of Eric A Hanson. Insiders are officers, directors, or significant investors in a company. It is illegal for insiders to make trades in their companies based on specific, non-public information. This does not mean it is illegal for them to make any trades in their own companies. However, they must report all trades to the SEC via a Form 4. Despite these restrictions, academic research suggests that insiders - in general - tend to outperform the market in their own companies.

Average Trade Profitability

The average trade profitability is the average return of all the open market purchases made by the insider in the last three years. To calculate this, we examine every open-market, unplanned purchase made by the insider, excluding all trades that were marked as part of a 10b5-1 trading plan. We then calculate the average performance of those trades over 3, 6, and 12 months, averaging each of those durations to generate a final performance metric for each trade. Finally, we average all of the performance metrics to calculate a performance metric for the insider. This list only includes insiders that have made at least three trades in the last two years.

If this insiders trade profitability is "N/A", then the insider either has not made any open-market purchases in the last three years, or the trades they’ve made are too recent to calculate a reliable performance metric.

Update Frequency: Daily

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Companies with Reported Insider Positions

The SEC filings indicate Eric A Hanson has reported holdings or trades in the following companies:

Security Title Latest Reported Holdings
US:LWAY / Lifeway Foods, Inc. CFO 41,633
How to Interpret the Charts

The following charts show the stock performance of securities subsequent to each open-market, non-planned trade made by Eric A Hanson. Non-planned trade are trades that were not made as part of a 10b5-1 trading plan. The stock performance is charted as cumulative percent change in share price. For example, if an insider trade was made on January 1, 2019, the chart will show the daily percent change of the security to the present day. If the share price were to go from $10 to $15 during this time, the cumulative percent change in share price would be 50%. A change in price from $10 to $20 would be 100%, and a change in price of $10 to $5 would be -50%.

Ultimately, we are trying to determine how closely the insider’s trades correlate to excess returns (positive or negative) in the share price in order to see if the insider is timing their trades to profit from insider information. Consider the situation where an insider was doing this. In this situation, we would expect either (a) positive returns after purchases, or (b) negative returns after sales. In the case of (a), the PURCHASE chart would show a series of upwardly sloping curves, indicating positive returns after each purchase transaction. In the case of (b), the SALE chart would show a series of downward sloping curves, indicating negative returns after each sale transaction.

However, this alone is not enough to draw conclusions. If, for example, the share price of the company was in a non-cyclical climb over many years, then we would expect all the post-purchase plots to be upwardly sloping. Likewise, non-cyclical declines over many years would result in downward sloping post-trade plots. Neither of these charts would suggest insider trading activity.

The strongest indicator would be a situation where the share price was extremely cyclical, and there were both positive signals in the PURCHASE chart and negative plots on the SALE chart. This situation would be highly suggestive of an insider that was timing trades to their financial advantage.

Insider Purchases LWAY / Lifeway Foods, Inc. - Short Term Profit Analysis

In this section, we analyze the profitability of every unplanned, open-market insider purchase made in LWAY / Lifeway Foods, Inc.. This analysis helps to understand if the insider consistently generates abnormal returns, and is worth following. This analysis is for one-year following each trade, and the results are theoretical.

The following table shows the most recent open market purchases that were not part of an automatic trading plan.

Trade Date Ticker Insider Reported
Shares		 Reported
Price		 Adjusted
Shares		 Adjusted
Price		 Cost Basis Days to
Max		 Price at
Max		 Max
Profit ($)		 Max Return (%)
There are no known unplanned open-market trades for this insider and security combination

Adjusted Price is the split-adjusted price. Adjusted Shares is the split-adjusted shares.

LWAY / Lifeway Foods, Inc. Insider Trades
Insider Sales LWAY / Lifeway Foods, Inc. - Short Term Loss Analysis

In this section, we analyze the short-term loss avoidance of every unplanned, open-market insider sale made in LWAY / Lifeway Foods, Inc.. A consistent pattern of loss avoidance may suggest that future sale transactions may predict declines in price. This analysis is for one-year following each trade, and the results are theoretical.

The following table shows the most recent open market sales that were not part of an automatic trading plan.

Trade Date Ticker Insider Reported
Shares		 Reported
Price		 Adjusted
Shares		 Adjusted
Price		 Cost Basis Days to
Min		 Price at
Min		 Max Loss
Avoided ($)		 Max Loss
Avoided (%)
2024-08-16 LWAY Hanson Eric A 5,546 18.9100 5,546 18.9100 104,875 12 18.4800 -2,384 -2.27
2024-03-27 LWAY Hanson Eric A 20,000 19.1500 20,000 19.1500 383,000

Adjusted Price is the split-adjusted price. Adjusted Shares is the split-adjusted shares.

LWAY / Lifeway Foods, Inc. Insider Trades
Insider Trading History

This table shows the complete list of insider trades made by Eric A Hanson as disclosed to the Securities Exchange Commission (SEC).

File Date Tran Date Form Ticker Security Code 10b5-1 Shares Remaining Shares Percent
Change		 Share
Price		 Tran
Value		 Remaining
Value
2025-06-18 2025-06-16 4 LWAY Lifeway Foods, Inc.
Common Stock, no par value 		F - Taxes -979 41,633 -2.30 25.08 -24,553 1,044,156
2025-06-18 2025-06-16 4 LWAY Lifeway Foods, Inc.
Common Stock, no par value 		M - Exercise 2,390 42,612 5.94
2025-03-11 2025-03-07 4 LWAY Lifeway Foods, Inc.
Common Stock, no par value 		F - Taxes -9,769 40,222 -19.54 21.20 -207,103 852,706
2025-03-11 2025-03-07 4 LWAY Lifeway Foods, Inc.
Common Stock, no par value 		A - Award 22,267 49,991 80.32
2025-01-14 2025-01-10 4 LWAY Lifeway Foods, Inc.
Common Stock, no par value 		F - Taxes -538 27,724 -1.90 22.45 -12,078 622,404
2025-01-14 2025-01-10 4 LWAY Lifeway Foods, Inc.
Common Stock, no par value 		M - Exercise 1,263 28,262 4.68
2024-09-04 2024-08-31 4 LWAY Lifeway Foods, Inc.
Common Stock, no par value 		F - Taxes -1,036 26,999 -3.70 19.18 -19,870 517,841
2024-09-04 2024-08-31 4 LWAY Lifeway Foods, Inc.
Common Stock, no par value 		M - Exercise 2,489 28,035 9.74
2024-08-19 2024-08-16 4 LWAY Lifeway Foods, Inc.
Common Stock, no par value 		S - Sale -5,546 25,546 -17.84 18.91 -104,875 483,075
2024-06-18 2024-06-16 4 LWAY Lifeway Foods, Inc.
Common Stock, no par value 		F - Taxes -897 31,092 -2.80 12.19 -10,934 379,011
2024-06-18 2024-06-16 4 LWAY Lifeway Foods, Inc.
Common Stock, no par value 		M - Exercise 2,390 31,989 8.07
2024-04-23 2024-04-20 4 LWAY Lifeway Foods, Inc.
Common Stock, no par value 		F - Taxes -2,698 29,599 -8.35 19.40 -52,341 574,221
2024-03-28 2024-03-27 4 LWAY Lifeway Foods, Inc.
Common Stock, no par value 		S - Sale -20,000 32,297 -38.24 19.15 -383,000 618,488
2023-09-05 2023-08-31 4 LWAY Lifeway Foods, Inc.
Common Stock, no par value 		F - Taxes -892 52,297 -1.68 10.75 -9,589 562,193
2023-09-05 2023-08-31 4 LWAY Lifeway Foods, Inc.
Common Stock, no par value 		M - Exercise 2,489 53,189 4.91
2023-04-27 2023-04-20 4 LWAY Lifeway Foods, Inc.
Common Stock no par value 		F - Taxes -2,425 50,700 -4.56 6.11 -14,817 309,777
2022-07-13 2022-04-20 4 LWAY Lifeway Foods, Inc.
Common Stock, no par value 		F - Taxes -2,319 53,125 -4.18 6.00 -13,914 318,750
2022-07-13 2022-04-20 4 LWAY Lifeway Foods, Inc.
Common Stock, no par value 		A - Award 18,958 55,444 51.96
2022-07-13 2022-04-20 4 LWAY Lifeway Foods, Inc.
Common Stock, no par value 		F - Taxes -6,975 36,486 -16.05 6.00 -41,850 218,916
2022-07-13 2022-04-20 4 LWAY Lifeway Foods, Inc.
Common Stock, no par value 		A - Award 11,846 43,461 37.47
2022-07-13 2021-04-29 4 LWAY Lifeway Foods, Inc.
Common Stock, no par value 		F - Taxes 2,516 31,615 8.65 5.10 12,832 161,236
2021-05-04 2021-04-29 4 LWAY Lifeway Foods, Inc.
Common Stock, no par value 		A - Award 15,779 38,208 70.35
2021-04-06 2021-04-01 4 LWAY Lifeway Foods, Inc.
Common Stock, no par value 		F - Taxes -3,941 22,429 -14.95 5.40 -21,281 121,117
2020-07-29 2020-06-09 4 LWAY Lifeway Foods, Inc.
Common Stock, no par value 		F - Taxes -3,547 26,370 -11.86 1.92 -6,810 50,630
2020-07-29 2020-03-17 4 LWAY Lifeway Foods, Inc.
Common Stock, no par value 		F - Taxes -955 29,917 -3.09 1.92 -1,834 57,441
2019-04-02 2019-03-31 4 LWAY Lifeway Foods, Inc.
Common Stock, no par value 		F - Taxes -3,838 30,872 -11.06 2.42 -9,288 74,710
2019-04-02 2019-03-31 4 LWAY Lifeway Foods, Inc.
Common Stock, no par value 		A - Award 26,859 34,710 342.11
2019-03-26 2019-03-22 4 LWAY Lifeway Foods, Inc.
Common Stock, no par value 		F - Taxes -906 7,851 -10.35 2.15 -1,948 16,880
2019-03-26 2019-03-22 4 LWAY Lifeway Foods, Inc.
Common Stock, no par value 		A - Award 2,853 8,757 48.32
2019-03-15 2019-03-14 4 LWAY Lifeway Foods, Inc.
Common Stock, no par value 		F - Taxes -666 5,904 -10.14 2.10 -1,399 12,398
2019-02-05 2019-02-01 4 LWAY Lifeway Foods, Inc.
Common Stock, no par value 		F - Taxes -173 6,570 -2.57 2.34 -405 15,374
2018-05-31 3 LWAY LIFEWAY FOODS INC
Common Stock, no par value 		13,486
2018-05-31 3 LWAY LIFEWAY FOODS INC
Common Stock, no par value 		13,486
2018-05-31 3 LWAY LIFEWAY FOODS INC
Common Stock, no par value 		13,486
P
Open market or private purchase of non-derivative or derivative security
S
Open market or private sale of non-derivative or derivative security
A
Grant, award, or other acquisition of securities from the company (such as an option)
C
Conversion of derivative
D
Sale or transfer of securities back to the company
F
Payment of exercise price or tax liability using portion of securities received from the company
G
Gift of securities by or to the insider
K
Equity swaps and similar hedging transactions
M
Exercise or conversion of derivative security received from the company (such as an option)
V
A transaction voluntarily reported on Form 4
J
Other (accompanied by a footnote describing the transaction)