X0609 4 2026-10-02 0 0000814586 Lifeway Foods, Inc. LWAY 0001901865 Divisadero Street Capital Management, LP false 1691 MICHIGAN AVE, SUITE 410 MIAMI BEACH FL 33139 0 0 1 0 0002135888 Divisadero Street Partners GP, LLC false 1691 MICHIGAN AVE, SUITE 410 MIAMI BEACH FL 33139 0 0 1 0 0002135874 Zolezzi William false 1691 MICHIGAN AVE, SUITE 410 MIAMI BEACH FL 33139 0 0 1 0 0001886714 Divisadero Street Partners, L.P. false 1691 MICHIGAN AVE, SUITE 410 SUITE 204 MIAMI BEACH FL 33139 0 0 1 0 0002135889 Divisadero Street Capital, LLC false 1691 MICHIGAN AVE, SUITE 410 MIAMI BEACH FL 33139 0 0 1 0 0 Common Stock, No Par Value 2026-10-02 4 P 0 17482 21.0885 A 2365590 I See footnote Common Stock, No Par Value 2026-10-05 4 P 0 36202 21.0081 A 2401792 I See footnote Common Stock, No Par Value 2026-10-06 4 P 0 50000 20.8038 A 2451792 I See footnote The reported securities are owned directly by Divisadero Street Partners, L.P. (the "Fund"), which is a private investment fund managed by Divisadero Street Capital Management, LP (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. 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. Divisadero Street Capital, LLC, By: /s/ William Zolezzi, William Zolezzi, Manager 2026-10-06 William Zolezzi, By: /s/ William Zolezzi 2026-10-06 Divisadero Street Capital Management, LP, By: Divisadero Street Capital, LLC, its general partner, By: /s/ William Zolezzi, William Zolezzi, Manager 2026-10-06 Divisadero Street Partners, L.P., By: Divisadero Street Partners GP, LLC, its general partner, By: /s/ William Zolezzi, William Zolezzi, Manager 2026-10-06 Divisadero Street Partners GP, LLC, By: /s/ William Zolezzi, William Zolezzi, Manager 2026-10-06