Kamada VP exercises options for 10,000 shares
KMDA’s VP and General Counsel net‑exercised options into 3,459 shares, with additional shares withheld to cover exercise costs and taxes.
Sentiment and the balance of points
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Form Type
4
Rhea-AI Filing Summary
KAMADA LTD (KMDA) reported that VP and General Counsel Nir Livneh exercised employee stock options for 10,000 ordinary shares on September 14, 2026 at an exercise price of $5.37 per share. This was a net exercise: Livneh received 3,459 shares after the company withheld 6,541 shares to cover the exercise price and tax withholdings, using the $8.35 closing stock price on that date. No Rule 10b5-1 trading plan is reported.
Insider Trade Summary
10,000 shares exercised/converted
Exercise
3 txns
Insider
Livneh Nir
Role
VP, General Counsel
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise | Employee Stock Option (right to buy) F1, F3, F4 | 10,000 | $0.00 | $0.00 |
| Exercise | Ordinary Shares F1 | 10,000 | $5.37 | $54K |
| Exercise Price or Tax Liability | Ordinary Shares F2, F1 | 3,459 | $8.35 | $29K |
Holdings After Transaction:
Employee Stock Option (right to buy) — 0 contracts (Indirect, Held by trustee);
Ordinary Shares — 0 shares (Direct)
Holdings Before and After:
Employee Stock Option (right to buy), 10,000 to 0 contracts (Indirect, Held by trustee)
Footnotes (4)
- 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 3,459 ordinary shares on net exercise of option to purchase 10,000 ordinary shares. The Company withheld 6,541 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.
- 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 exercised: 10,000 shares
Exercise price: $5.37 per share
Shares received on net exercise: 3,459 shares
+2 more
5 metrics
Options exercised
10,000 shares
Employee stock options exercised on September 14, 2026
Exercise price
$5.37 per share
Exercise price of employee stock options
Shares received on net exercise
3,459 shares
Ordinary shares received by reporting person after net exercise
Shares withheld for exercise price and taxes
6,541 shares
Ordinary shares withheld by company to cover exercise price and tax withholdings
Closing stock price used for withholding
$8.35 per share
KMDA closing stock price on September 14, 2026 used to calculate withheld shares
Key Terms
net exercise, exercise price, tax withholdings, closing stock price, +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.
exercise price financial
"withheld 6,541 ordinary shares underlying the option for payment of the 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
"underlying the option for payment of the exercise price and tax withholdings"
closing stock price financial
"using the closing stock price on September 14, 2026 of $8.35"
FAQ
AI-generated questions and answers. How Rhea-AI works. Not financial advice.
What insider transaction did KMDA’s VP General Counsel report on this Form 4?
Nir Livneh, KMDA’s VP and General Counsel, exercised employee stock options for 10,000 ordinary shares on September 14, 2026 through a net exercise, receiving shares and having additional shares withheld for exercise price and tax withholdings.
What exercise price applied to the KMDA stock options?
The employee stock options were exercised at an exercise price of $5.37 per share. Amounts 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.
Was the KMDA insider transaction made under a Rule 10b5-1 trading plan?
No. The disclosure indicates that no Rule 10b5-1 trading plan is reported for these transactions, meaning they are not described as being executed pursuant to a pre-arranged trading plan.
AI-generated analysis. How Rhea-AI works. Not financial advice.
