Danone S.A. Fully Exits Position in Lifeway Foods, Inc. via Final Schedule 13D Amendment

Danone S.A. and its wholly owned subsidiary, Danone USA Public Benefit Corporation (formerly Danone North America PBC), filed Amendment No. 12 to their Schedule 13D on May 20, 2026, to report the complete exit of their position in Lifeway Foods, Inc. (LWAY). On May 19, 2026, Danone USA Public Benefit Corporation completed the sale of its entire holdings in the issuer's common stock. As a result of this transaction, the reporting persons no longer beneficially own any securities of Lifeway Foods and will cease to be reporting persons. This filing serves as the final amendment to the original Schedule 13D, which dates back to October 1999. While the reporting persons have divested all shares, Danone USA Public Benefit Corporation retains voting power only for matters with a record date prior to May 19, 2026. This exit follows a series of amendments filed throughout 2024 and 2025, marking the conclusion of Danone's long-term investment in the company.