Kamada VP exercises options, nets 865 shares
Kamada VP Quality Yael Brenner net‑exercised 3,036 options, receiving 865 Ordinary Shares after share withholding for exercise price and taxes.
Rhea-AI Filing Summary
KAMADA LTD (KMDA) reported that VP Quality Yael Brenner3,036 Ordinary Shares on September 2, 2026 at an exercise price of $5.94 per share (figures converted from NIS). This was a net exercise, with 2,171 shares withheld to cover the exercise price and tax withholdings, based on the $8.37 closing share price, resulting in 865 Ordinary Shares issued to Brenner. The options were held by a trustee under the company’s 2011 Share Award Plan and had previously carried a $6.11 exercise price, which was adjusted following a special cash dividend distribution declared on August 17, 2026. No Rule 10b5-1 trading plan is reported for these transactions.
Positive
- None.
Negative
- None.
Insider Trade Summary
3,036 shares exercised/converted
Exercise
3 txns
Insider
Brenner Yael
Role
VP Quality
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise | Employee Stock Option (right to buy) F1, F3, F4, F5 | 3,036 | $0.00 | $0.00 |
| Exercise | Ordinary Shares F1, F3 | 3,036 | $5.94 | $18K |
| Exercise Price or Tax Liability | Ordinary Shares F2, F1 | 865 | $8.37 | $7K |
Holdings After Transaction:
Employee Stock Option (right to buy) — 0 contracts (Indirect, Held by trustee);
Ordinary Shares — 6,266 shares (Direct)
Footnotes (5)
- 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 2, 2026.
- F2. Represents a "net exercise" of outstanding stock options. The reporting person received 865 ordinary shares on net exercise of option to purchase 3,036 ordinary shares. The Company withheld 2,171 ordinary shares underlying the option for payment of the exercise price and tax withholdings, using the closing stock price on September 2, 2026 of $8.37, pursuant to the terms of the Company's 2011 Share Award Plan.
- F3. This option was previously reported as covering 3,036 ordinary shares at an exercise price of $6.11. The exercise price has been adjusted in connection with a special cash dividend distribution declared by the Company's board of directors on August 17, 2026.
- F4. Options vested in four equal installments, with 25% vested on each of the four anniversaries of the date of grant.
- F5. Held by trustee under the Company's 2011 Share Award Plan.
Key Figures
Options exercised: 3,036 shares
Net shares received: 865 shares
Shares withheld: 2,171 shares
+3 more
6 metrics
Options exercised
3,036 shares
Employee stock options exercised by Yael Brenner on September 2, 2026
Net shares received
865 shares
Ordinary Shares issued to Brenner after net exercise and withholding
Shares withheld
2,171 shares
Shares withheld to cover exercise price and tax withholdings
Exercise price
$5.94 per share
Option exercise price after adjustment for special cash dividend
Prior exercise price
$6.11 per share
Original option exercise price before dividend-related adjustment
Closing share price used for withholding
$8.37 per share
Kamada Ordinary Share closing price on September 2, 2026
Key Terms
net exercise, special cash dividend distribution, exercise price, tax withholdings, +1 more
5 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.
special cash dividend distribution financial
"adjusted in connection with a special cash dividend distribution declared"
exercise price financial
"previously reported as covering 3,036 ordinary shares at an exercise price"
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
"withheld 2,171 ordinary shares underlying the option for payment of the exercise price and tax withholdings"
FAQ
What insider transaction did Kamada (KMDA) report for Yael Brenner?
Kamada reported that VP Quality Yael Brenner exercised employee stock options for 3,036 Ordinary Shares on September 2, 2026 and, after share withholding for the exercise price and taxes, received 865 Ordinary Shares in a net exercise.
What was the option exercise price in the KMDA Form 4 for Yael Brenner?
The employee stock options exercised by Yael Brenner had an exercise price of $5.94 per share, presented in U.S. dollars as a convenience conversion from NIS based on the Bank of Israel exchange rate as of September 2, 2026.
Did Kamada (KMDA) report a Rule 10b5-1 trading plan for Yael Brenner’s transactions?
No. The filing’s Rule 10b5-1 checkbox is not marked, and the footnotes do not state that the transactions were made under a Rule 10b5-1 or other pre‑arranged trading plan.
Why was the exercise price on Yael Brenner’s KMDA options adjusted?
Kamada stated that the option, previously covering 3,036 shares at $6.11 per share, had its exercise price adjusted to $5.94 in connection with a special cash dividend distribution declared by the company’s board of directors on August 17, 2026.
How did Yael Brenner’s Kamada (KMDA) options vest?
The company disclosed that the options vested in four equal installments, with 25% vesting on each of the four anniversaries of the grant date, under Kamada’s 2011 Share Award Plan.
AI-generated analysis. How Rhea-AI works. Not financial advice.
