Brenner Yael 4
4 · KAMADA LTD · Filed Apr 9, 2026
Research Summary
AI-generated summary of this filing
Kamada (KMDA) VP Yael Brenner Receives Awards, Surrenders Shares
What Happened
- Yael Brenner, VP Quality at Kamada Ltd. (KMDA), had multiple derivative awards granted on April 7, 2026 (eight grants of 15,000 each, total 120,000). On the same date, an equal number of shares (eight dispositions to the issuer of 15,000 each, total 120,000) were surrendered/disposed to the issuer. The transactions are reported as derivative awards (code A) and dispositions to the issuer (code D). No per-share prices or total dollar values are provided in the filing.
Key Details
- Transaction date reported: April 7, 2026; Form 4 filed April 9, 2026 (appears timely).
- Grants: eight derivative awards × 15,000 shares = 120,000 derivative shares acquired.
- Dispositions to issuer: eight × 15,000 shares = 120,000 shares disposed/surrendered.
- Price/value: N/A in the filing; no immediate cash values shown.
- Shares owned after the transactions: not provided in the supplied data.
- Relevant footnotes from the filing:
- F1: USD exercise prices are convenience conversions from NIS (Bank of Israel rate, Apr 6, 2026).
- F2: Exercise price of options was adjusted due to a cash dividend declared Mar 11, 2026.
- F3: Options vest in four equal annual installments (25% each anniversary).
- F4: Awards are held by a trustee under the Company’s 2011 Share Award Plan.
Context
- These entries are derivative-type transactions involving awards and dispositions to the issuer. Form 4s that show simultaneous grants and dispositions to the issuer commonly reflect company withholding or share-surrender mechanics to cover taxes, exercise costs, or similar obligations, but the filing does not explicitly state the reason. The footnotes indicate these awards are governed by the company’s 2011 plan and subject to vesting and an adjusted exercise price.
Insider Transaction Report
Form 4
KAMADA LTDKMDA
Brenner Yael
VP Quality
Transactions
- Award
Employee Stock Option (right to buy)
[F1][F2][F3][F4]2026-04-07+15,000→ 15,000 total(indirect: By Trust)Exercise: $5.87From: 2023-02-28Exp: 2028-08-28→ Ordinary Shares (15,000 underlying) - Disposition to Issuer
Employee Stock Option (right to buy)
[F1][F2][F3][F4]2026-04-07−15,000→ 15,000 total(indirect: By Trust)Exercise: $6.12From: 2023-02-28Exp: 2028-08-28→ Ordinary Shares (15,000 underlying) - Award
Employee Stock Option (right to buy)
[F1][F2][F3][F4]2026-04-07+15,000→ 15,000 total(indirect: By Trust)Exercise: $5.87From: 2024-02-28Exp: 2028-08-28→ Ordinary Shares (15,000 underlying) - Disposition to Issuer
Employee Stock Option (right to buy)
[F1][F2][F3][F4]2026-04-07−15,000→ 15,000 total(indirect: By Trust)Exercise: $6.12From: 2024-02-28Exp: 2028-08-28→ Ordinary Shares (15,000 underlying) - Award
Employee Stock Option (right to buy)
[F1][F2][F3][F4]2026-04-07+15,000→ 15,000 total(indirect: By Trust)Exercise: $5.87From: 2025-02-28Exp: 2028-08-28→ Ordinary Shares (15,000 underlying) - Disposition to Issuer
Employee Stock Option (right to buy)
[F1][F2][F3][F4]2026-04-07−15,000→ 15,000 total(indirect: By Trust)Exercise: $6.12From: 2025-02-28Exp: 2028-08-28→ Ordinary Shares (15,000 underlying) - Award
Employee Stock Option (right to buy)
[F1][F2][F3][F4]2026-04-07+15,000→ 15,000 total(indirect: By Trust)Exercise: $5.87From: 2026-02-28Exp: 2028-08-28→ Ordinary Shares (15,000 underlying) - Disposition to Issuer
Employee Stock Option (right to buy)
[F1][F2][F3][F4]2026-04-07−15,000→ 15,000 total(indirect: By Trust)Exercise: $6.12From: 2026-02-28Exp: 2028-08-28→ Ordinary Shares (15,000 underlying) - Award
Employee Stock Option (right to buy)
[F1][F2][F3][F4]2026-04-07+15,000→ 15,000 total(indirect: By Trust)Exercise: $7.25From: 2026-10-22Exp: 2035-10-22→ Ordinary Shares (15,000 underlying) - Disposition to Issuer
Employee Stock Option (right to buy)
[F1][F2][F3][F4]2026-04-07−15,000→ 15,000 total(indirect: By Trust)Exercise: $7.50From: 2026-10-22Exp: 2035-10-22→ Ordinary Shares (15,000 underlying) - Award
Employee Stock Option (right to buy)
[F1][F2][F3][F4]2026-04-07+15,000→ 15,000 total(indirect: By Trust)Exercise: $7.25From: 2027-10-22Exp: 2035-10-22→ Ordinary Shares (15,000 underlying) - Disposition to Issuer
Employee Stock Option (right to buy)
[F1][F2][F3][F4]2026-04-07−15,000→ 15,000 total(indirect: By Trust)Exercise: $7.50From: 2027-10-22Exp: 2035-10-22→ Ordinary Shares (15,000 underlying) - Award
Employee Stock Option (right to buy)
[F1][F2][F3][F4]2026-04-07+15,000→ 15,000 total(indirect: By Trust)Exercise: $7.25From: 2028-10-22Exp: 2035-10-22→ Ordinary Shares (15,000 underlying) - Disposition to Issuer
Employee Stock Option (right to buy)
[F1][F2][F3][F4]2026-04-07−15,000→ 15,000 total(indirect: By Trust)Exercise: $7.50From: 2028-10-22Exp: 2035-10-22→ Ordinary Shares (15,000 underlying) - Award
Employee Stock Option (right to buy)
[F1][F2][F3][F4]2026-04-07+15,000→ 15,000 total(indirect: By Trust)Exercise: $7.25From: 2029-10-22Exp: 2035-10-22→ Ordinary Shares (15,000 underlying) - Disposition to Issuer
Employee Stock Option (right to buy)
[F1][F2][F3][F4]2026-04-07−15,000→ 15,000 total(indirect: By Trust)Exercise: $7.50From: 2029-10-22Exp: 2035-10-22→ Ordinary Shares (15,000 underlying)
Footnotes (4)
- [F1]All exercise 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 April 6, 2026.
- [F2]The exercise price of the options was adjusted pursuant to the provisions of the Company's 2011 Share Award Plan in connection with a cash dividend distribution declared by the Company's board of directors on March 11, 2026. There are no other changes to the terms and conditions of the option award.
- [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.
Signature
/S/ Yael Brenner|2026-04-09