Kamada (KMDA) VP reports trustee-held stock option grant and return

Filing Impact

(Neutral)

Filing Sentiment

(Neutral)

Form Type

Rhea-AI Filing Summary

Kamada Ltd Vice President of Business Development and Strategic Programs, Boris Gorelik, reported routine compensation-related option adjustments held indirectly by a trustee under the company’s 2011 Share Award Plan. On April 7, 2026, he received several employee stock option awards, each for 3,750 Ordinary Shares at an exercise price of $9.13 per share, and returned options with the same share amount but a $9.38 exercise price to the issuer. Footnotes state the exercise prices are presented in U.S. dollars based on an exchange rate as of April 6, 2026, and were adjusted under the plan in connection with a cash dividend distribution, with no other changes to the option terms. These options vest in four equal 25% annual installments from the grant date and expire on February 11, 2027.

Insider Trade Summary

8 transactions reported

Mixed 8 txns

Insider Gorelik Boris

Role VP, BD and Strategic Programs

Type	Security	Shares	Price	Value
Grant/Award	Employee Stock Option (right to buy)	3,750	$0.00	--
Disposition	Employee Stock Option (right to buy)	3,750	$0.00	--
Grant/Award	Employee Stock Option (right to buy)	3,750	$0.00	--
Disposition	Employee Stock Option (right to buy)	3,750	$0.00	--
Grant/Award	Employee Stock Option (right to buy)	3,750	$0.00	--
Disposition	Employee Stock Option (right to buy)	3,750	$0.00	--
Grant/Award	Employee Stock Option (right to buy)	3,750	$0.00	--
Disposition	Employee Stock Option (right to buy)	3,750	$0.00	--

Holdings After Transaction: Employee Stock Option (right to buy) — 3,750 shares (Indirect, Held by trustee)

Footnotes (1)

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. 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. Options vest in four equal installments, with 25% vesting on each of the four anniversaries of the date of grant. Held by trustee under the Company's 2011 Share Award Plan.

Key Figures

Option grant size: 3,750 options New exercise price: $9.13 per share Returned option exercise price: $9.38 per share +3 more

6 metrics

Option grant size 3,750 options Each employee stock option award covering Ordinary Shares

New exercise price $9.13 per share Exercise price for granted employee stock options

Returned option exercise price $9.38 per share Exercise price for options disposed to issuer

Option expiration date February 11, 2027 Expiration date of the reported stock options

Vesting schedule 25% per year over 4 years Options vest in four equal annual installments

Derivative transactions reported 8 transactions All classified as derivative transactions in the filing

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"

vest in four equal installments financial

"Options vest in four equal installments, with 25% vesting on each anniversary"

Form 4 Insider Transactions: What Each Field Means →

04/09/2026 - 03:22 PM

SEC Form 4

FORM 4

UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934
or Section 30(h) of the Investment Company Act of 1940

OMB APPROVAL

OMB Number:			3235-0287
Estimated average burden
hours per response:			0.5

Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).

Check this box to indicate that a transaction was made pursuant to a contract, instruction or written plan for the purchase or sale of equity securities of the issuer that is intended to satisfy the affirmative defense conditions of Rule 10b5-1(c). See Instruction 10.

1. Name and Address of Reporting Person^*

Gorelik Boris

(Last)

(First)

(Middle)

221 RIVER STREET

(Street)

HOBOKEN

NEW JERSEY

07030

(City)

(State)

(Zip)

UNITED STATES

(Country)

2. Issuer Name and Ticker or Trading Symbol
KAMADA LTD [ KMDA ]

5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)

	Director	10% Owner
X	Officer (give title below)	Other (specify below)
	VP, BD and Strategic Programs

2a. Foreign Trading Symbol

3. Date of Earliest Transaction (Month/Day/Year)
04/07/2026

6. Individual or Joint/Group Filing (Check Applicable Line)

X	Form filed by One Reporting Person
	Form filed by More than One Reporting Person

4. If Amendment, Date of Original Filed (Month/Day/Year)

Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1. Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	3. Transaction Code (Instr. 8)		4. Securities Acquired (A) or Disposed Of (D) (Instr. 3, 4 and 5)			5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4)	6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)
1. Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	Code	V	Amount	(A) or (D)	Price		6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)

Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 3)	2. Conversion or Exercise Price of Derivative Security	3. Transaction Date (Month/Day/Year)	3A. Deemed Execution Date, if any (Month/Day/Year)	4. Transaction Code (Instr. 8)		5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5)		6. Date Exercisable and Expiration Date (Month/Day/Year)		7. Title and Amount of Securities Underlying Derivative Security (Instr. 3 and 4)		8. Price of Derivative Security (Instr. 5)	9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4)	10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)
1. Title of Derivative Security (Instr. 3)	2. Conversion or Exercise Price of Derivative Security	3. Transaction Date (Month/Day/Year)	3A. Deemed Execution Date, if any (Month/Day/Year)	Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares	8. Price of Derivative Security (Instr. 5)		10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)
Employee Stock Option (right to buy)	$9.13⁽¹⁾⁽²⁾	04/07/2026		A		3,750		08/11/2021⁽³⁾	02/11/2027	Ordinary Shares	3,750	⁽²⁾	3,750	I	Held by trustee⁽⁴⁾
Employee Stock Option (right to buy)	$9.38⁽¹⁾	04/07/2026		D			3,750	08/11/2021⁽³⁾	02/11/2027	Ordinary Shares	3,750	⁽²⁾	3,750	I	Held by trustee⁽⁴⁾
Employee Stock Option (right to buy)	$9.13⁽¹⁾⁽²⁾	04/07/2026		A		3,750		08/11/2022⁽³⁾	02/11/2027	Ordinary Shares	3,750	⁽²⁾	3,750	I	Held by trustee⁽⁴⁾
Employee Stock Option (right to buy)	$9.38⁽¹⁾	04/07/2026		D			3,750	08/11/2022⁽³⁾	02/11/2027	Ordinary Shares	3,750	⁽²⁾	3,750	I	Held by trustee⁽⁴⁾
Employee Stock Option (right to buy)	$9.13⁽¹⁾⁽²⁾	04/07/2026		A		3,750		08/11/2023⁽³⁾	02/11/2027	Ordinary Shares	3,750	⁽²⁾	3,750	I	Held by trustee⁽⁴⁾
Employee Stock Option (right to buy)	$9.38⁽¹⁾	04/07/2026		D			3,750	08/11/2023⁽³⁾	02/11/2027	Ordinary Shares	3,750	⁽²⁾	3,750	I	Held by trustee⁽⁴⁾
Employee Stock Option (right to buy)	$9.13⁽¹⁾⁽²⁾	04/07/2026		A		3,750		08/11/2024⁽³⁾	02/11/2027	Ordinary Shares	3,750	⁽²⁾	3,750	I	Held by trustee⁽⁴⁾
Employee Stock Option (right to buy)	$9.38⁽¹⁾	04/07/2026		D			3,750	08/11/2024⁽³⁾	02/11/2027	Ordinary Shares	3,750	⁽²⁾	3,750	I	Held by trustee⁽⁴⁾

Explanation of Responses:

1. 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.

2. 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.

3. Options vest in four equal installments, with 25% vesting on each of the four anniversaries of the date of grant.

4. Held by trustee under the Company's 2011 Share Award Plan.

	/s/ Boris Gorelik	04/09/2026
	** Signature of Reporting Person	Date
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* If the form is filed by more than one reporting person, see Instruction 4 (b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB Number.
* Form 4: SEC 1474 (03-26)

Source: View Original Filing on SEC EDGAR

FAQ

What insider transactions did Kamada (KMDA) report for Boris Gorelik?

Kamada reported that VP Boris Gorelik received several employee stock option grants and returned matching options to the issuer. Each grant and disposition covered 3,750 Ordinary Shares, reflecting compensation-related award adjustments under the company’s 2011 Share Award Plan.

Were the Kamada (KMDA) insider option transactions open-market buys or sells?

The transactions were not open-market trades. They involved option grants classified as acquisitions and options returned to the issuer classified as dispositions, all under Kamada’s 2011 Share Award Plan and held indirectly by a trustee rather than through market purchases or sales.

What are the exercise prices of Boris Gorelik’s Kamada (KMDA) options?

The Form 4 shows new employee stock options with a $9.13 per share exercise price and options with a $9.38 exercise price returned to the issuer. Exercise prices are presented in U.S. dollars using an exchange rate as of April 6, 2026.

How do the Kamada (KMDA) options granted to Boris Gorelik vest and expire?

The options vest in four equal installments, with 25% vesting on each of the four anniversaries of the grant date. According to the filing, the options have an expiration date of February 11, 2027, if they are not exercised earlier.

Why were Kamada (KMDA) option exercise prices adjusted for Boris Gorelik?

A footnote explains the exercise price of the options was adjusted under Kamada’s 2011 Share Award Plan in connection with a cash dividend distribution declared on March 11, 2026. The filing states there were no other changes to the option award’s terms.

Are Boris Gorelik’s Kamada (KMDA) options held directly or through a trustee?

The Form 4 identifies the ownership as indirect, held by a trustee under Kamada’s 2011 Share Award Plan. This means the options are administered through the plan’s trustee rather than being held directly in Gorelik’s own name.