Kamada VP exercises options for 26,964 shares
Kamada VP of Quality exercised employee stock options into ordinary shares with some shares withheld to cover exercise costs and taxes.
Rhea-AI Filing Summary
KAMADA LTD (KMDA) reported that Yael Brenner, Vice President of Quality, exercised employee stock options on September 14, 2026. The options covered 26,964 shares of ordinary shares at an exercise price of $5.93 per share, with the options held through a trustee under the company’s 2011 Share Award Plan.
The exercises resulted in acquisitions of ordinary shares and related dispositions where 7,395 shares were delivered or withheld to pay the option exercise price and tax withholdings, using closing share prices of about $8.36 and $8.35 per share, as described in the company’s plan footnotes.
Positive
- None.
Negative
- None.
Insider Trade Summary
26,964 shares exercised/converted
Exercise
15 txns
Insider
Brenner Yael
Role
VP Quality
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise | Employee Stock Option (right to buy) F1, F7, F8 | 5,000 | $0.00 | $0.00 |
| Exercise | Employee Stock Option (right to buy) F1, F7, F8 | 5,000 | $0.00 | $0.00 |
| Exercise | Employee Stock Option (right to buy) F1, F7, F8 | 5,000 | $0.00 | $0.00 |
| Exercise | Employee Stock Option (right to buy) F1, F7, F8 | 6,500 | $0.00 | $0.00 |
| Exercise | Employee Stock Option (right to buy) F1, F7, F8 | 5,464 | $0.00 | $0.00 |
| Exercise | Ordinary Shares F1 | 5,000 | $5.93 | $30K |
| Exercise Price or Tax Liability | Ordinary Shares F2, F1 | 1,371 | $8.36 | $11K |
| Exercise | Ordinary Shares F1 | 5,000 | $5.93 | $30K |
| Exercise Price or Tax Liability | Ordinary Shares F3, F1 | 1,371 | $8.36 | $11K |
| Exercise | Ordinary Shares F1 | 5,000 | $5.93 | $30K |
| Exercise Price or Tax Liability | Ordinary Shares F4, F1 | 1,371 | $8.36 | $11K |
| Exercise | Ordinary Shares F1 | 6,500 | $5.93 | $39K |
| Exercise Price or Tax Liability | Ordinary Shares F5, F1 | 1,783 | $8.36 | $15K |
| Exercise | Ordinary Shares F1 | 5,464 | $5.93 | $32K |
| Exercise Price or Tax Liability | Ordinary Shares F6, F1 | 1,499 | $8.35 | $13K |
Holdings After Transaction:
Employee Stock Option (right to buy) — 0 contracts (Indirect, Held by trustee);
Ordinary Shares — 6,266 shares (Direct)
Footnotes (8)
- F1. All exercise and sale 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 September 14, 2026.
- F2. Represents a "net exercise" of outstanding stock options. The reporting person received 1,371 ordinary shares on net exercise of option to purchase 5,000 ordinary shares. The Company withheld 3,629 ordinary shares underlying the option for payment of the exercise price and tax withholdings, using the closing stock price on September 14, 2026 of $8.36, pursuant to the terms of the Company's 2011 Share Award Plan.
- F3. Represents a "net exercise" of outstanding stock options. The reporting person received 1,371 ordinary shares on net exercise of option to purchase 5,000 ordinary shares. The Company withheld 3,629 ordinary shares underlying the option for payment of the exercise price and tax withholdings, using the closing stock price on September 14, 2026 of $8.36, pursuant to the terms of the Company's 2011 Share Award Plan.
- F4. Represents a "net exercise" of outstanding stock options. The reporting person received 1,371 ordinary shares on net exercise of option to purchase 5,000 ordinary shares. The Company withheld 3,629 ordinary shares underlying the option for payment of the exercise price and tax withholdings, using the closing stock price on September 14, 2026 of $8.36, pursuant to the terms of the Company's 2011 Share Award Plan.
- F5. Represents a "net exercise" of outstanding stock options. The reporting person received 1,783 ordinary shares on net exercise of option to purchase 6,500 ordinary shares. The Company withheld 4,717 ordinary shares underlying the option for payment of the exercise price and tax withholdings, using the closing stock price on September 14, 2026 of $8.36, pursuant to the terms of the Company's 2011 Share Award Plan.
- F6. Represents a "net exercise" of outstanding stock options. The reporting person received 1,499 ordinary shares on net exercise of option to purchase 5,464 ordinary shares. The Company withheld 3,965 ordinary shares underlying the option for payment of the exercise price and tax withholdings, using the closing stock price on September 14, 2026 of $8.35, pursuant to the terms of the Company's 2011 Share Award Plan.
- F7. Options vested in four equal installments, with 25% vested on each of the four anniversaries of the date of grant.
- F8. Held by trustee under the Company's 2011 Share Award Plan.
Key Figures
Options exercised: 26,964 shares
Option exercise price: $5.93 per share
Shares withheld for exercise price or taxes: 7,395 shares
+3 more
6 metrics
Options exercised
26,964 shares
Total employee stock option shares exercised on September 14, 2026
Option exercise price
$5.93 per share
Exercise price for the employee stock options, converted from NIS
Shares withheld for exercise price or taxes
7,395 shares
Shares delivered or withheld to pay exercise price or tax liabilities
Reference closing share price
$8.36 per share
Closing stock price on September 14, 2026 used for several net exercise calculations
Alternative closing price used
$8.35 per share
Closing stock price used for one option net exercise on September 14, 2026
Number of option exercise events
5 exercises
Separate option exercise transactions reported in the filing
Key Terms
net exercise, exercise price, tax withholdings, 2011 Share Award Plan, +2 more
6 terms
net exercise financial
"Represents a "net exercise" of outstanding stock options."
A net exercise is a way to convert stock options into shares without paying cash up front: instead of handing over money to buy the optioned shares, the holder receives only the number of shares equal to the option’s value after the company withholds a portion of shares to cover the exercise price and taxes. It matters to investors because it changes how many new shares are issued, affects dilution of existing shareholders, and alters company cash flow compared with a cash exercise.
exercise price financial
"for payment of the exercise price and tax withholdings"
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.
tax withholdings financial
"for payment of the exercise price and tax withholdings"
closing stock price financial
"using the closing stock price on September 14, 2026 of $8.36"
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 transaction did KMDA disclose for Yael Brenner?
Kamada disclosed that Vice President of Quality Yael Brenner exercised employee stock options into ordinary shares on September 14, 2026, through a trustee under the company’s 2011 Share Award Plan.
What was the exercise price of the options exercised at KMDA?
The employee stock options exercised by Yael Brenner had an exercise price of $5.93 per share, presented in U.S. dollars as a convenience conversion from NIS using the Bank of Israel exchange rate for September 14, 2026.
AI-generated analysis. How Rhea-AI works. Not financial advice.
