MediWound (MDWD) COO Shmuel Hess Exercises Options and Sells Shares

What Happened

• Shmuel Hess, MediWound’s Chief Operating Officer & Chief Commercial Officer, exercised stock options on a cashless (net) basis and sold the resulting shares on Aug 26–27, 2026. The filing shows three open-market sale transactions totaling 5,823 shares sold for aggregate proceeds of $75,394.
• Details: sold 1,865 shares at $13.00 ($24,245); sold 1,979 shares at $12.72 ($25,173); sold 1,979 shares at $13.13 ($25,976). The exercises reported were for 5,000 and 11,000 option shares (reported as derivative transactions at $0.00), which, after withholding to cover exercise price, produced the net shares sold.

Key Details

• Transaction dates and prices:
  • 2026-08-26: cashless exercise (5,000 options reported) and sale of 1,865 shares at $13.00 ($24,245).
  • 2026-08-27: cashless exercise (11,000 options reported) and sales of 1,979 shares at $12.72 ($25,173) and 1,979 shares at $13.13 ($25,976).
• Net shares issued on exercise (per footnotes): 5,000 option exercise resulted in 1,865 net shares issued and sold; 11,000 option exercise resulted in 3,958 net shares issued and sold — total net shares sold = 5,823.
• Aggregate proceeds from the reported sales: $75,394.
• Vesting/award notes: multiple footnotes detail vesting schedules for RSUs and options from grants in 2023–2026; the reported exercises/sales involved vested/options subject to those schedules (see F1–F9).
• Informational rows: some rows were included for informational purposes only (F10).
• Filing timeliness: Form 4 was filed on Aug 28, 2026 reporting transactions on Aug 26–27, 2026; this appears to be filed within the two-business-day window typically required for insider transactions.

Context

• These were cashless (net) option exercises where shares otherwise issuable were withheld to cover the exercise price, and the net shares were sold the same day — a common practice to realize value without paying cash at exercise.
• This filing documents insider sales following option exercises; it is factual reporting of transactions and does not, by itself, indicate management’s view of the company’s prospects.