[Form 4] KAMADA LTD Insider Trading Activity
Rhea-AI Filing Summary
Kamada Ltd VP, Marketing & Sales Hanni Neheman reported compensation-related option changes involving 15,000 options held via a trustee under the 2011 Share Award Plan. On April 7, 2026, she received several grants of employee stock options to buy 15,000 Ordinary Shares at exercise prices including $5.87 and $7.25 per share and returned matching older options with higher exercise prices of $6.12 and $7.50 to the company.
The filing notes that exercise prices, presented in U.S. dollars, were adjusted from NIS following a cash dividend declared on March 11, 2026, with no other changes to the award terms. These options vest in four equal annual installments, 25% on each anniversary of the grant date, and expire between 2028 and 2035.
Positive
- None.
Negative
- None.
Insider Trade Summary
10 transactions reported
Mixed
10 txns
Insider
Neheman Hanni
Role
VP, Marketing & Sales
| 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
Options affected: 15,000 options
Exercise price (new grant): $5.87 per share
Exercise price (new grant): $7.25 per share
+5 more
8 metrics
Options affected
15,000 options
Employee stock options linked to Ordinary Shares
Exercise price (new grant)
$5.87 per share
Adjusted option exercise price presented in U.S. dollars
Exercise price (new grant)
$7.25 per share
Adjusted option exercise price presented in U.S. dollars
Exercise price (prior award)
$6.12 per share
Disposed options returned to issuer
Exercise price (prior award)
$7.50 per share
Disposed options returned to issuer
Vesting schedule
25% per year over 4 years
Options vest on each anniversary of grant date
Earliest exercise date
February 28, 2026
Exercise date for one option tranche
Latest expiration date
October 22, 2035
Final option expiration for long-dated grants
Key Terms
Employee Stock Option, Disposition to issuer, 2011 Share Award Plan, cash dividend distribution, +1 more
5 terms
Employee Stock Option financial
"Employee Stock Option (right to buy)"
An employee stock option is a promise that lets a worker buy company shares later at a predetermined price, often after they stay for a certain period or meet performance goals — think of it like a coupon that locks in today's price for a future purchase. It matters to investors because options align employees’ incentives with company performance, can increase the number of shares outstanding (dilution) when exercised, and represent a compensation cost that affects reported profits and shareholder value.
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"
AI-generated analysis. How Rhea-AI works. Not financial advice.
FAQ
What insider transaction did Kamada (KMDA) report for Hanni Neheman?
Kamada reported that VP, Marketing & Sales Hanni Neheman adjusted 15,000 employee stock options through grants and matching dispositions. The changes are compensation-related, involve options held by a trustee, and do not reflect any open-market share purchases or sales.
How many Kamada (KMDA) options are involved in Hanni Neheman’s Form 4?
The Form 4 shows transactions in 15,000 employee stock options linked to 15,000 Ordinary Shares. These options are held indirectly by a trustee under Kamada’s 2011 Share Award Plan, with the same amount shown as the derivative position after the transactions.
What are the exercise prices of the Kamada (KMDA) options in this filing?
The options have exercise prices presented in U.S. dollars of $5.87, $6.12, $7.25 and $7.50 per share. The company states these figures result from converting NIS amounts using the Bank of Israel exchange rate published on April 6, 2026.
Why were Kamada (KMDA) option exercise prices adjusted in this Form 4?
Kamada explains that option exercise prices were adjusted under its 2011 Share Award Plan after a cash dividend distribution declared on March 11, 2026. Aside from the exercise price adjustments, the company states there are no other changes to the original option award terms.
How do the Kamada (KMDA) options granted to Hanni Neheman vest?
The options vest in four equal installments, with 25% vesting on each of the four anniversaries of the grant date. This means the award becomes fully vested over four years, aligning long-term compensation with ongoing service at Kamada.
Are the Kamada (KMDA) options held directly by Hanni Neheman?
No. The filing states the options are held by a trustee under Kamada’s 2011 Share Award Plan. Ownership is reported as indirect, reflecting the trustee structure, but the options are still attributed to her compensation as VP, Marketing & Sales.