Lifeway Foods, Inc. (LWAY) - Dilution Analysis

Visualizing historical and potential share dilution over time

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Dilution Analysis

Medium Risk

Moderate dilution risk

Last updated: May 14, 2026

Risk Assessment Details

Potential Dilution: 21.84% of current shares

Recent Dilution: 3.56% (2 years)

Historical Dilution Factor: minimal recent dilution

Outstanding Shares

15M

Potential Supply

3.3M

Additional shares possible

Splits

None

Past 2 years

Summary

LWAY currently has 15.3M outstanding shares. with moderate dilution risk from 3.33M authorized shares representing 21.8% potential dilution. The company has minimally diluted shareholders by 3.56% over the past 2 years.

Share Structure Timeline

Outstanding Shares

Total Supply

Historical Data Points

Date	Event	Outstanding	Supply
May 14, 2026	10-Q filing \| 15.3M shares outstanding	15M	3.3M
May 14, 2026	8-K filing: Lifeway Foods, Inc. entered into an underwriting agreement for a secondary public offering of 3,454,756 shares of common stock by a selling stockholder and a concurrent share repurchase of approximately $5.0 million by the company. ($72.37M proceeds)	15M	3.4M
Mar 17, 2026	10-K filing \| 15.2M shares outstanding	15M	3.4M
Oct 29, 2025	S-3 filing: This is an S-3 filing for Lifeway Foods, Inc. registering the offering and resale of up to 3,454,756 shares of common stock by a selling stockholder.	15M	3.5M
Jun 23, 2025	8-K filing: Lifeway Foods, Inc. entered into a Separation Agreement with Amy Feldman, providing for separation benefits including a lump sum payment, vesting of restricted stock units, and vesting of performance stock units.	15M	0
May 13, 2025	10-Q filing \| 15.1M shares outstanding	15M	0
Mar 14, 2025	10-K filing \| 15.1M shares outstanding	15M	0
Nov 14, 2024	10-Q filing \| 14.8M shares outstanding	15M	0
Aug 13, 2024	10-Q filing \| 14.7M shares outstanding	15M	0
May 14, 2024	10-Q filing \| 14.7M shares outstanding	15M	0
Mar 20, 2024	10-K filing \| 14.7M shares outstanding	15M	0
Nov 13, 2023	10-Q filing \| 14.7M shares outstanding	15M	0
Aug 14, 2023	10-Q filing \| 14.7M shares outstanding	15M	0
May 15, 2023	10-Q filing \| 14.6M shares outstanding	15M	0
Mar 27, 2023	10-K filing \| 15.4M shares outstanding	15M	0
Nov 14, 2022	10-Q filing \| 15.5M shares outstanding	15M	0
Nov 09, 2022	8-K filing: Lifeway Foods, Inc. entered into a Stock Purchase Agreement with Ludmila Smolyansky to purchase 850,340 shares of common stock at $4.70 per share, with the shares being held in treasury by the Company. ($4.0M proceeds)	15M	0
Sep 26, 2022	10-Q filing \| 15.5M shares outstanding	15M	0
Aug 26, 2022	10-Q filing \| 15.4M shares outstanding	15M	0
Jul 21, 2022	10-K filing \| 15.5M shares outstanding	16M	0
Nov 15, 2021	10-Q filing \| 15.5M shares outstanding	15M	0
Aug 16, 2021	10-Q filing \| 15.6M shares outstanding	16M	0
Jun 28, 2021	8-K filing: Lifeway Foods, Inc. authorized a plan to repurchase up to 250,000 shares of Common Stock in the open market within 24 months at no more than $10 per share under the 2021 Repurchase Plan.	16M	0
May 17, 2021	10-Q filing \| 15.6M shares outstanding	16M	0
Mar 25, 2021	10-K filing \| 15.6M shares outstanding	16M	0
Nov 16, 2020	10-Q filing \| 15.6M shares outstanding	16M	0
Aug 13, 2020	10-Q filing \| 15.6M shares outstanding	16M	0
Jun 26, 2020	10-Q filing \| 15.6M shares outstanding	16M	0
Apr 14, 2020	10-K filing \| 15.7M shares outstanding	16M	0

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