Statement of Changes in Beneficial Ownership (Form 4)

FORM 4 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 that is intended to satisfy the affirmative defense conditions of Rule 10b5-1(c). See Instruction 10.

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP OF SECURITIES Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934 or Section 30(h) of the Investment Company Act of 1940

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(Print or Type Responses)

1. Name and Address of Reporting Person * Zolezzi William 2. Issuer Name and Ticker or Trading Symbol Lifeway Foods, Inc. [LWAY] 5. Relationship of Reporting Person(s) to Issuer (Check all applicable) _____ Director __X__ 10% Owner _____ Officer (give title below) _____ Other (specify below) (Last) (First) (Middle) DIVISADERO STREET CAPITAL MANAGEMENT, LP, 3480 MAIN HIGHWAY, SUITE 204 3. Date of Earliest Transaction (Month/Day/Year) 05/14/2026 (Street) MIAMI, FL 33133 4. If Amendment, Date Original Filed (Month/Day/Year) 6. Individual or Joint/Group Filing (Check Applicable Line) ___ Form filed by One Reporting Person _X_ Form filed by More than One Reporting Person (City) (State) (Zip) 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 05/14/2026 P 95,371(1) A $25.2365(2) 2,031,866 I See footnote(3) Common Stock, No Par Value 05/14/2026 P 1,500(1) A $22.9794 2,033,366 I See footnote(3) Common Stock, No Par Value 05/14/2026 P 35,000(1) A $26.3251 2,068,366 I See footnote(3) Common Stock, No Par Value 05/15/2026 P 33,174(1) A $25.2695(4) 2,101,540 I See footnote(3)

Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
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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 Underlying Securities (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 of Derivative Security: 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

Reporting Owners

Reporting Owner Name / Address	Relationships
	Director	10% Owner	Officer	Other
Zolezzi William DIVISADERO STREET CAPITAL MANAGEMENT, LP 3480 MAIN HIGHWAY, SUITE 204 MIAMI, FL 33133		X
Divisadero Street Partners GP, LLC 3480 MAIN HIGHWAY, SUITE 204 MIAMI, FL 33133		X
Divisadero Street Capital, LLC 3480 MAIN HIGHWAY, SUITE 204 MIAMI, FL 33133		X

Signatures

WILLIAM ZOLEZZI, By: /s/ William Zolezzi		05/19/2026
**Signature of Reporting Person		Date
DIVISADERO STREET PARTNERS GP, LLC, By: /s/ William Zolezzi, William Zolezzi, Manager		05/19/2026
**Signature of Reporting Person		Date
DIVISADERO STREET CAPITAL, LLC, /s/ William Zolezzi, William Zolezzi, Manager		05/19/2026
**Signature of Reporting Person		Date

Explanation of Responses:

*	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).
(1)	All trades in this Form 4 were previously reported on a Form 4 filing made by Divisadero Street Capital Management, LP (the "Adviser") and Divisadero Street Partners, L.P. (the "Fund") on May 18, 2026. The Reporting Persons are filing this Form 4 as a result of the Reporting Persons subsequently receiving CIK codes.
(2)	The price reported is a weighted average price. These shares were purchased in multiple transactions at prices ranging from $25.1592 - $25.4584. The reporting persons undertake to provide to the Issuer, any security holder of the Issuer, or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares bought at each separate price within the ranges set forth in footnote (2) to this Form 4.
(3)	The reported securities are owned directly by the Fund, which is a private investment fund managed by the Adviser, and may be deemed to be indirectly beneficially owned by (i) the Adviser, (ii) Divisadero Street Capital, LLC (the "Adviser GP"), the general partner of the Adviser, (iii) Divisadero Street Partners GP, LLC (the "Fund GP"), the general partner of the Fund, and (iv) William Zolezzi, the manager of both the Adviser GP and the Fund GP.
(4)	The price reported is a weighted average price. These shares were purchased in multiple transactions at prices ranging from $25.1845 - $25.3121. The reporting persons undertake to provide to the Issuer, any security holder of the Issuer, or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares bought at each separate price within the ranges set forth in footnote (4) to this Form 4.
Remarks: Each Reporting Person disclaims beneficial ownership of the reported securities except to the extent of its or his pecuniary interest therein, and this report shall not be deemed an admission that such Reporting Person is the beneficial owner of such securities for purposes of Section 16 of the Securities Exchange Act of 1934, as amended, or for any other purpose.

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