Kamada director reports stock option holdings
KAMADA LTD director Uri Botzer filed an initial ownership report showing indirect holdings of employee stock options over Ordinary Shares, held by a trustee under the company’s 2011 Share Award Plan.
Rhea-AI Filing Summary
KAMADA LTD director Uri Botzer filed an initial ownership report showing indirect holdings of employee stock options over Ordinary Shares, held by a trustee under the company’s 2011 Share Award Plan. Each option position relates to 7,500 underlying Ordinary Shares with an exercise price of $5.50 per share and an expiration date of June 22, 2029.
The options vest in four equal installments, with 25% vesting on each of the four anniversaries of the grant date. The exercise price was adjusted from $5.75 to $5.50 under the plan following a cash dividend distribution declared on March 11, 2026. All exercise prices shown in U.S. dollars are convenience conversions from NIS using the Bank of Israel exchange rate as of April 16, 2026.
Positive
- None.
Negative
- None.
Insider Trade Summary
4 transactions reported
Mixed
4 txns
Insider
Botzer Uri
Role
Director
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| holding | Employee Stock Option (right to buy) | -- | -- | -- |
| holding | Employee Stock Option (right to buy) | -- | -- | -- |
| holding | Employee Stock Option (right to buy) | -- | -- | -- |
| holding | Employee Stock Option (right to buy) | -- | -- | -- |
Holdings After Transaction:
Employee Stock Option (right to buy) — 30,000 contracts (Indirect, Held by trustee)
Footnotes (4)
- F1. Options vest in four equal installments, with 25% vesting on each of the four anniversaries of the date of grant.
- F2. All exercise prices presented in U.S. dollars represent a convenience conversion from NIS based on the exchange rate published by the Bank of Israel as of April 16, 2026.
- F3. The exercise price of the options was adjusted from $5.75 to $5.50 pursuant to the provisions of the Company's 2011 Share Award Plan in connection with a cash dividend distribution declared by the Company's board of directors on March 11, 2026. There are no other changes to the terms and conditions of the option award.
- F4. Held by trustee under the Company's 2011 Share Award Plan.
Key Figures
Exercise price: $5.50 per share
Prior exercise price: $5.75 per share
Underlying shares per option position: 7,500 shares
+5 more
8 metrics
Exercise price
$5.50 per share
Adjusted option exercise price under 2011 Share Award Plan
Prior exercise price
$5.75 per share
Original option exercise price before dividend-related adjustment
Underlying shares per option position
7,500 shares
Underlying Ordinary Shares for each reported option position
Option expiration date
June 22, 2029
Expiration of reported employee stock options
Vesting pattern
25% per year over 4 years
Options vest on each of four anniversaries of grant date
Dividend declaration date
March 11, 2026
Cash dividend that triggered adjustment of exercise price
FX reference date
April 16, 2026
Date of Bank of Israel exchange rate used for USD conversion
Holding entries
4 entries
Number of option holding lines reported in Form 3
Key Terms
Employee Stock Option (right to buy), Ordinary Shares, 2011 Share Award Plan, cash dividend distribution, +2 more
6 terms
Employee Stock Option (right to buy) financial
"security_title: Employee Stock Option (right to buy)"
cash dividend distribution financial
"in connection with a cash dividend distribution declared by the Company's board"
exercise price financial
"The exercise price of the options was adjusted from $5.75 to $5.50"
The exercise price is the fixed amount at which you can buy or sell an asset, like a stock, when using an options contract. It matters because it helps determine whether exercising the option will be profitable or not, depending on the current market price. Think of it as the set price you agree on today to buy or sell later.
Held by trustee financial
"Held by trustee under the Company's 2011 Share Award Plan"
FAQ
AI-generated questions and answers. How Rhea-AI works. Not financial advice.
What insider position does Uri Botzer report in Kamada (KMDA) on this Form 3?
The filing shows indirect holdings of employee stock options over Ordinary Shares, held by a trustee under Kamada’s 2011 Share Award Plan. Each option position covers 7,500 underlying shares, giving the director equity-linked exposure rather than direct share ownership at this stage.
What is the exercise price of Uri Botzer’s Kamada (KMDA) stock options?
The options carry an exercise price of $5.50 per share. This U.S. dollar figure is a convenience conversion from NIS and is based on the exchange rate published by the Bank of Israel as of April 16, 2026, according to the filing footnotes.
How and when do Uri Botzer’s Kamada (KMDA) options vest?
The options vest in four equal installments, with 25% becoming exercisable on each of the four anniversaries of the grant date. This time-based schedule spreads vesting over several years, aligning the director’s potential equity benefit with longer-term service at the company.
Why was the exercise price of Kamada (KMDA) options adjusted from $5.75 to $5.50?
The exercise price was reduced from $5.75 to $5.50 under Kamada’s 2011 Share Award Plan following a cash dividend distribution declared by the board on March 11, 2026. The filing states there were no other changes to the option award’s terms and conditions.
How are Uri Botzer’s Kamada (KMDA) options held according to the Form 3?
The options are held indirectly by a trustee under Kamada’s 2011 Share Award Plan. This structure means the position is reported as indirect ownership, with the trustee formally holding the options on behalf of the participant subject to the plan’s rules and restrictions.
What is the expiration date of the Kamada (KMDA) options reported by Uri Botzer?
Each option position reported has an expiration date of June 22, 2029. After that date, any unexercised options lapse and can no longer be converted into Ordinary Shares, so the exercisability window extends for several years from the original grant.
AI-generated analysis. How Rhea-AI works. Not financial advice.
