Kamada (KMDA) VP Brenner reports employee option adjustments after dividend
Rhea-AI Filing Summary
Kamada Ltd VP Quality Yael Brenner reported compensation-related option adjustments rather than open‑market trades. On April 7, 2026, she was granted several tranches of employee stock options for 15,000 underlying ordinary shares, held indirectly by a trustee under the company’s 2011 Share Award Plan.
The filing shows paired entries where options with exercise prices of $6.12 and $7.50 were disposed of to the issuer and replaced with options at adjusted exercise prices of $5.87 and $7.25. A footnote explains the exercise prices were adjusted under the plan following a cash dividend declared on March 11, 2026, with no other changes to award terms. The options vest in four equal annual installments.
Positive
- None.
Negative
- None.
Insider Trade Summary
16 transactions reported
Mixed
16 txns
Insider
Brenner Yael
Role
VP Quality
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Employee Stock Option (right to buy) | 15,000 | $0.00 | $0.00 |
| Disposition | Employee Stock Option (right to buy) | 15,000 | $0.00 | $0.00 |
| Grant/Award | Employee Stock Option (right to buy) | 15,000 | $0.00 | $0.00 |
| Disposition | Employee Stock Option (right to buy) | 15,000 | $0.00 | $0.00 |
| Grant/Award | Employee Stock Option (right to buy) | 15,000 | $0.00 | $0.00 |
| Disposition | Employee Stock Option (right to buy) | 15,000 | $0.00 | $0.00 |
| Grant/Award | Employee Stock Option (right to buy) | 15,000 | $0.00 | $0.00 |
| Disposition | Employee Stock Option (right to buy) | 15,000 | $0.00 | $0.00 |
| Grant/Award | Employee Stock Option (right to buy) | 15,000 | $0.00 | $0.00 |
| Disposition | Employee Stock Option (right to buy) | 15,000 | $0.00 | $0.00 |
| Grant/Award | Employee Stock Option (right to buy) | 15,000 | $0.00 | $0.00 |
| Disposition | Employee Stock Option (right to buy) | 15,000 | $0.00 | $0.00 |
| Grant/Award | Employee Stock Option (right to buy) | 15,000 | $0.00 | $0.00 |
| Disposition | Employee Stock Option (right to buy) | 15,000 | $0.00 | $0.00 |
| Grant/Award | Employee Stock Option (right to buy) | 15,000 | $0.00 | $0.00 |
| Disposition | Employee Stock Option (right to buy) | 15,000 | $0.00 | $0.00 |
Holdings After Transaction:
Employee Stock Option (right to buy) — 240,000 shares (Indirect, Held by trustee)
Footnotes (4)
- F1. 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 6, 2026.
- F2. The exercise price of the options was adjusted 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.
- F3. Options vest in four equal installments, with 25% vesting on each of the four anniversaries of the date of grant.
- F4. Held by trustee under the Company's 2011 Share Award Plan.
Key Figures
Options underlying shares: 15,000 shares
Adjusted exercise price 1: $5.87 per share
Prior exercise price 1: $6.12 per share
+5 more
8 metrics
Options underlying shares
15,000 shares
Employee stock options indirectly held by trustee after transactions
Adjusted exercise price 1
$5.87 per share
New option exercise price converted from NIS as of April 6, 2026
Prior exercise price 1
$6.12 per share
Original option exercise price before dividend-linked adjustment
Adjusted exercise price 2
$7.25 per share
New option exercise price on later-dated grants
Prior exercise price 2
$7.50 per share
Original exercise price on corresponding options before adjustment
Derivative transactions
16 entries
Total derivative-type records (grants and dispositions) in Form 4
Vesting schedule
25% per year
Options vest in four equal annual installments from grant date
Option expiration
October 22, 2035
Expiration date for certain option tranches reported
Key Terms
Employee Stock Option (right to buy), Disposition to issuer, 2011 Share Award Plan, cash dividend distribution, +1 more
5 terms
Employee Stock Option (right to buy) financial
"security_title: "Employee Stock Option (right to buy)""
Disposition to issuer financial
"transaction_code_description: "Disposition to issuer""
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 pursuant to the provisions"
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.
AI-generated analysis. How Rhea-AI works. Not financial advice.
FAQ
What does Kamada (KMDA) VP Quality Yael Brenner’s latest Form 4 report?
The Form 4 reports adjustments to Yael Brenner’s employee stock options, not market trades. Paired transactions cancel prior options and replace them with new options at adjusted exercise prices, all held via a trustee under Kamada’s 2011 Share Award Plan.
How many Kamada (KMDA) options are reported for Yael Brenner in this filing?
The filing shows 15,000 underlying ordinary shares tied to employee stock options after the reported transactions. Multiple paired entries reflect cancellations and grants, but the reported total options position in this line remains 15,000, held indirectly by a trustee.
Were there any open-market buys or sells by Yael Brenner in Kamada (KMDA)?
No open-market buys or sells are reported. All transactions are derivative entries for employee stock options, classified as grants/awards (code A) and dispositions to the issuer (code D), reflecting compensation adjustments rather than trading in Kamada ordinary shares.
Why were Yael Brenner’s Kamada (KMDA) option exercise prices adjusted?
A footnote states the exercise prices were adjusted under Kamada’s 2011 Share Award Plan following a cash dividend declared on March 11, 2026. The company notes there are no other changes to the terms and conditions of the option award beyond this price adjustment.
What are the key exercise prices and terms of the Kamada (KMDA) options reported?
The filing lists options with exercise prices of $5.87 and $7.25 per share replacing prior options at $6.12 and $7.50. Options generally vest in four equal annual installments from the grant date and, for some tranches, carry expirations out to October 22, 2035.
How are Yael Brenner’s Kamada (KMDA) options held according to the Form 4?
The options are reported as indirectly owned and “held by trustee” under Kamada’s 2011 Share Award Plan. This structure means a trustee administers the award, while the filing still attributes the compensation-related option position to executive Yael Brenner.