Payorski Lilach 4

What Happened

• Lilach Payorski, a director of Kamada Ltd. (KMDA), received four derivative awards of 7,500 shares each (total 30,000) on April 7, 2026. On the same date, there are four corresponding dispositions to the issuer of 7,500 shares each (total 30,000). All transactions are reported as derivative (no per-share dollar price is shown), so no immediate cash value can be calculated from the filing.

Key Details

• Transaction date: April 7, 2026 (Filed April 9, 2026 — appears timely, within two business days).
• Grants: 4 x 7,500 derivative awards = 30,000 shares acquired (derivative).
• Dispositions to issuer: 4 x 7,500 = 30,000 shares disposed (derivative); net effect reported = 0 shares change from these entries.
• Prices/values: reported as N/A in the filing; therefore dollar amounts are not provided.
• Footnotes of note:
  • F1: Any exercise prices shown in USD would be a convenience conversion from NIS using the Bank of Israel rate (Apr 6, 2026).
  • F2: The exercise price of the options was adjusted under the Company’s 2011 Share Award Plan due to a March 11, 2026 cash dividend (no other term changes).
  • F3: Options vest in four equal annual installments (25% each year).
  • F4: Awards are held by a trustee under the Company’s 2011 Share Award Plan.
• Shares owned after transaction: not specified in the provided excerpt of the filing.

Context

• These entries are derivative transactions showing awards granted and equal dispositions to the issuer. Such paired entries commonly reflect option-related activity (for example, awards issued and shares surrendered to satisfy exercise price or tax withholding), but the filing does not explicitly state the mechanics here. Because values are listed as N/A, retail investors cannot infer the dollar value from this report alone.