Kamada awards 60,000 options to VP at $7.44

The exercise price was adjusted in connection with a special cash dividend; vesting is in four equal installments of 25%.

Rhea-AI Filing Summary

KAMADA LTD (KMDA) reported a 60,000-option award for VP Quality Yael Brenner, with the options held by a trustee under its 2011 Share Award Plan. The options cover 60,000 ordinary shares and have an exercise price of $7.44 per share, a convenience conversion from NIS. The exercise price was adjusted from $7.61 in connection with a special cash dividend declared by the board on August 17, 2026, with a record date of August 27, 2026. The options vest in four equal installments, 25% on each of the four grant anniversaries.

Insider Trade Summary

Grant/Award: 60,000 shares

Grant/Award 1 txn

Insider Brenner Yael

Role VP Quality

Type	Security	Shares	Price	Value
Grant/Award	Employee Stock Option (right to buy) F1, F4, F2, F3	60,000	$0.00	$0.00

Holdings After Transaction: Employee Stock Option (right to buy) — 60,000 contracts (Indirect, Held by trustee)

Footnotes (4)

1. F1. The exercise price presented in U.S. dollars represents a convenience conversion from NIS based on the exchange rate published by the Bank of Israel as of September 22, 2026.
2. F2. Options vest in four equal installments, with 25% vested on each of the four anniversaries of the date of grant.
3. F3. Held by trustee under the Company's 2011 Share Award Plan.
4. F4. This option was previously reported as covering 60,000 ordinary shares at an exercise price of $7.61. 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 with a record date for the special cash dividend of August 27, 2026.

Key Figures

Options awarded: 60,000 options Underlying ordinary shares: 60,000 shares Exercise price: $7.44 per share +4 more

7 metrics

Options awarded 60,000 options Reported August 27, 2026; held by a trustee.

Underlying ordinary shares 60,000 shares Shares covered by the options.

Exercise price $7.44 per share Convenience conversion from NIS; exchange rate as of September 22, 2026.

Previously reported exercise price $7.61 per share The exercise price was adjusted in connection with the special cash dividend.

Vesting installments 4 installments Options vest on the four anniversaries of the grant date.

Vesting per installment 25% Each of the four installments.

Special cash dividend Declared August 17, 2026 Record date August 27, 2026; the exercise price adjustment was in connection with the distribution.

Key Terms

Employee Stock Option (right to buy), exercise price, vest, special cash dividend

4 terms

Employee Stock Option (right to buy) financial

"Employee Stock Option (right to buy)"

exercise price financial

"The exercise price presented in U.S. dollars represents a convenience conversion from NIS"

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.

vest financial

"Options vest in four equal installments"

A vest is the process by which an employee earns the right to receive certain benefits or ownership interests, such as stock or retirement funds, over time. It’s similar to earning a reward gradually, ensuring that the benefit becomes fully yours only after a set period or meeting specific conditions. This makes it important for investors because it determines when they can actually claim or use those benefits.

special cash dividend financial

"declared by the Company's board of directors on August 17, 2026"

A special cash dividend is a one-time, extra cash payment a company gives to its shareholders in addition to its regular dividends, like a bonus check sent out when a business has more cash than usual. It matters to investors because it delivers immediate cash value, can signal that the company has strong short-term cash or limited opportunities to reinvest, and typically reduces the company’s cash reserves and may affect the stock price and tax treatment for recipients.

FAQ

AI-generated questions and answers. How Rhea-AI works. Not financial advice.

What stock option award did KMDA report?

KMDA reported an award of 60,000 employee stock options covering 60,000 ordinary shares for VP Quality Yael Brenner. The options are held by a trustee under the Company's 2011 Share Award Plan.

What is the KMDA option exercise price?

The exercise price is $7.44 per share, a convenience conversion from NIS based on the Bank of Israel exchange rate as of September 22, 2026. It was adjusted from $7.61 in connection with a special cash dividend.

How do the KMDA options vest?

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

Was the KMDA option award reported under a Rule 10b5-1 plan?

No Rule 10b5-1 plan is reported. The options are held by a trustee under the Company's 2011 Share Award Plan.

AI-generated analysis. How Rhea-AI works. Not financial advice.

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Available on EDGAR 09/23/2026 - 07:38 AM Accepted by SEC EDGAR 09/23/2026 - 07:37 AM Learn about SEC filing dates

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^*

Brenner Yael

(Last) (First) (Middle)

2 HOLTZMAN ST.

(Street)

REHOVOT

(City) (State) (Zip)

ISRAEL

(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 Quality

2a. Foreign Trading Symbol

3. Date of Earliest Transaction (Month/Day/Year)
08/27/2026

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)
			Code	V	Amount	(A) or (D)	Price

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)
				Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares
Employee Stock Option (right to buy)	$7.44(1)(4)	08/27/2026		A		60,000		(2)	(2)	Ordinary Shares	60,000	$0.00	60,000	I	Held by trustee(3)

Explanation of Responses:

1. The exercise price presented in U.S. dollars represents a convenience conversion from NIS based on the exchange rate published by the Bank of Israel as of September 22, 2026.

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

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

4. This option was previously reported as covering 60,000 ordinary shares at an exercise price of $7.61. 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 with a record date for the special cash dividend of August 27, 2026.

	/s/ Yael Brenner	09/23/2026
	** 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)