Kamada director acquires 46,000 stock options

The awards vest in four equal installments on grant anniversaries, with each option exercisable for 10 years following grant.

Rhea-AI Filing Summary

KAMADA LTD (KMDA) director Assaf Itshayek reported two indirect employee stock option acquisitions dated August 27, 2026, held by a trustee under the company’s 2011 Share Award Plan. The options cover 16,000 ordinary shares at a $6.10 exercise price and 30,000 at $7.38. The exercise prices were adjusted from $6.27 and $7.55, respectively, in connection with a special cash dividend declared August 17, 2026, with an August 27, 2026 record date.

The options vest over four years in four equal installments, with 25% vesting on each grant anniversary, and are exercisable for 10 years following grant; unexercised options expire immediately thereafter. Exercise prices are presented in U.S. dollars based on the Bank of Israel NIS/USD exchange rate as of September 22, 2026.

Insider Trade Summary

Grant/Award: 46,000 shares

Grant/Award 2 txns

Insider ITSHAYEK ASSAF

Role Director

Type	Security	Shares	Price	Value
Grant/Award	Employee Stock Option (right to buy) F1, F4, F2, F3	16,000	$0.00	$0.00
Grant/Award	Employee Stock Option (right to buy) F1, F5, F2, F3	30,000	$0.00	$0.00

Holdings After Transaction: Employee Stock Option (right to buy) — 46,000 contracts (Indirect, Held by trustee)

Footnotes (5)

1. F1. The exercise prices of all options reported in this Form 4 are denominated in New Israeli Shekels (NIS). For presentation purposes, all exercise prices presented in this Form 4, including those referenced in the footnotes, are presented in U.S. dollars (USD) based on the NIS/USD exchange rate published by the Bank of Israel as of September 22, 2026.
2. F2. The options will vest over a period of four years in four equal installments, such that 25% of the options will vest on each anniversary of the grant date. The options will be exercisable for a period of 10 years following the date of grant, and all unexercised options will expire immediately thereafter.
3. F3. Held by trustee under the Company's 2011 Share Award Plan.
4. F4. This option was previously reported as covering 16,000 ordinary shares at an exercise price of $6.27. 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.
5. F5. This option was previously reported as covering 30,000 ordinary shares at an exercise price of $7.55. 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 covering ordinary shares: 16,000 options Exercise price, 16,000-option award: $6.10 per share (USD) Options covering ordinary shares: 30,000 options +5 more

8 metrics

Options covering ordinary shares 16,000 options Reported August 27, 2026; $6.10 exercise price per share

Exercise price, 16,000-option award $6.10 per share (USD) Adjusted from $6.27 in connection with a special cash dividend

Options covering ordinary shares 30,000 options Reported August 27, 2026; $7.38 exercise price per share

Exercise price, 30,000-option award $7.38 per share (USD) Adjusted from $7.55 in connection with a special cash dividend

Prior exercise price, 16,000-option award $6.27 per share Previously reported price before the dividend-related adjustment

Prior exercise price, 30,000-option award $7.55 per share Previously reported price before the dividend-related adjustment

Vesting installments 25% in each of four equal installments One installment vests on each anniversary of the grant date

Option exercise period 10 years Following the grant date

Key Terms

Employee Stock Option (right to buy), vesting, 2011 Share Award Plan, record date, +1 more

5 terms

Employee Stock Option (right to buy) technical

"Employee Stock Option (right to buy)"

vesting technical

"The options will vest over a period of four years"

Vesting is the process by which you earn full ownership of something, like company stock or a retirement benefit, over time. It’s like earning the right to keep a gift piece by piece the longer you stay with a company, making sure employees stay committed before they receive all the benefits.

2011 Share Award Plan financial

"under the Company's 2011 Share Award Plan"

record date financial

"record date for the special cash dividend"

The record date is the specific day when a company determines which shareholders are eligible to receive a dividend or participate in an upcoming vote. It’s like a cutoff date; if you own the stock on that day, you get the benefits or voting rights. This date matters because it decides who qualifies for certain company benefits.

NIS/USD exchange rate financial

"NIS/USD exchange rate published by the Bank of Israel"

FAQ

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

What KMDA option awards did director Assaf Itshayek report?

Assaf Itshayek reported indirect employee stock option acquisitions dated August 27, 2026, covering 16,000 and 30,000 ordinary shares. The options are held by a trustee under KAMADA LTD’s 2011 Share Award Plan.

What are the exercise prices for the KMDA options?

The options covering 16,000 ordinary shares have a $6.10 exercise price, and those covering 30,000 ordinary shares have a $7.38 exercise price. The prices were adjusted from $6.27 and $7.55, respectively, in connection with a special cash dividend.

How do the KMDA options vest and when do they expire?

The options vest over four years in four equal installments, with 25% vesting on each anniversary of the grant date. They are exercisable for 10 years following grant, and unexercised options expire immediately thereafter.

Were the KMDA transactions open-market purchases or made under a Rule 10b5-1 plan?

The reported transactions are employee stock option acquisitions, not ordinary-share purchases or sales. No Rule 10b5-1 plan is reported.

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

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Available on EDGAR 09/23/2026 - 01:02 PM Accepted by SEC EDGAR 09/23/2026 - 01:01 PM 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^*

ITSHAYEK ASSAF

(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)

X	Director		10% Owner
	Officer (give title below)		Other (specify below)

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)	$6.1(1)(4)	08/27/2026		A		16,000		(2)	(2)	Ordinary Shares	16,000	$0.00	16,000	I	Held by trustee(3)
Employee Stock Option (right to buy)	$7.38(1)(5)	08/27/2026		A		30,000		(2)	(2)	Ordinary Shares	30,000	$0.00	30,000	I	Held by trustee(3)

Explanation of Responses:

1. The exercise prices of all options reported in this Form 4 are denominated in New Israeli Shekels (NIS). For presentation purposes, all exercise prices presented in this Form 4, including those referenced in the footnotes, are presented in U.S. dollars (USD) based on the NIS/USD exchange rate published by the Bank of Israel as of September 22, 2026.

2. The options will vest over a period of four years in four equal installments, such that 25% of the options will vest on each anniversary of the grant date. The options will be exercisable for a period of 10 years following the date of grant, and all unexercised options will expire immediately thereafter.

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

4. This option was previously reported as covering 16,000 ordinary shares at an exercise price of $6.27. 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.

5. This option was previously reported as covering 30,000 ordinary shares at an exercise price of $7.55. 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/ Assaf Itshayek	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)