Kamada (KMDA) VP awarded 15,000 employee stock options in Form 4
Rhea-AI Filing Summary
Kamada Ltd VP Regulatory Affairs Orit Pinchuk reported a series of employee stock option adjustments and grants held indirectly by a trustee under the company’s 2011 Share Award Plan. On April 7, 2026, she was granted several blocks of 15,000 employee stock options each, with exercise prices of $5.87 and $7.25 per ordinary share and expirations extending to October 22, 2035. Matching dispositions of 15,000 options each back to the issuer at exercise prices of $6.12 and $7.50 were also reported. A footnote explains the exercise prices were adjusted under the 2011 Share Award Plan in connection with a cash dividend declared on March 11, 2026, with no other changes to the option terms, and that the options vest in four equal annual installments.
Positive
- None.
Negative
- None.
Insider Trade Summary
10 transactions reported
Mixed
10 txns
Insider
Pinchuk Orit
Role
VP Regulatory Affairs
| 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 |
Holdings After Transaction:
Employee Stock Option (right to buy) — 150,000 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
Option grant size: 15,000 options
Exercise price (grant): $5.87 per share
Exercise price (grant): $7.25 per share
+5 more
8 metrics
Option grant size
15,000 options
Each reported employee stock option block
Exercise price (grant)
$5.87 per share
Employee stock option exercise price after dividend-related adjustment
Exercise price (grant)
$7.25 per share
Employee stock option exercise price for later-dated grants
Exercise price (disposition)
$6.12 per share
Options disposed of back to issuer
Exercise price (disposition)
$7.50 per share
Additional options disposed of back to issuer
Vesting schedule
25% per year
Options vest in four equal annual installments
Option expiration
October 22, 2035
Expiration date for several reported option grants
Total options after transactions
15,000 options
Total derivative holdings reported following transactions
Key Terms
Employee Stock Option (right to buy), Disposition to issuer, 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)""
Disposition to issuer financial
"transaction_code_description: "Disposition to issuer""
cash dividend distribution financial
"in connection with a cash dividend distribution declared"
vest in four equal installments financial
"Options vest in four equal installments, with 25% vesting"
Held by trustee financial
"Held by trustee under the Company's 2011 Share Award Plan."
AI-generated analysis. How Rhea-AI works. Not financial advice.
FAQ
What insider transactions did Kamada (KMDA) report for Orit Pinchuk?
Kamada reported that VP Regulatory Affairs Orit Pinchuk recorded multiple grants and matching dispositions of 15,000 employee stock options each on April 7, 2026. These options are held indirectly by a trustee under Kamada’s 2011 Share Award Plan and relate to ordinary shares.
What are the exercise prices of the new Kamada (KMDA) options for Orit Pinchuk?
The reported employee stock options for Orit Pinchuk have exercise prices of $5.87 and $7.25 per ordinary share. The filing notes these U.S. dollar amounts are convenience conversions from NIS, based on an exchange rate published on April 6, 2026.
Why were Kamada (KMDA) option exercise prices adjusted in this Form 4?
The exercise prices were adjusted under Kamada’s 2011 Share Award Plan following a cash dividend distribution declared on March 11, 2026. A footnote states there are no other changes to the terms and conditions of the option awards beyond this dividend-related adjustment.
How do the Kamada (KMDA) options granted to Orit Pinchuk vest?
The options granted to Orit Pinchuk vest in four equal installments, with 25% of the grant vesting on each of the four anniversaries of the grant date. This creates a multi-year vesting schedule tied to continued service over time.
What is the expiration date of the Kamada (KMDA) options in this filing?
Several of the reported employee stock option grants to Orit Pinchuk carry an expiration date of October 22, 2035. This means the options can be exercised up until that date, subject to vesting conditions and any applicable plan rules.
Are Orit Pinchuk’s Kamada (KMDA) options held directly or indirectly?
The Form 4 notes that the options are held indirectly, with ownership categorized as “Held by trustee” under Kamada’s 2011 Share Award Plan. This means a plan trustee formally holds the options for her benefit rather than direct personal registration.