Nir Eran 4

What Happened

• Nir Eran, Vice President, Operations at Kamada Ltd. (KMDA), had five derivative awards granted on April 7, 2026 (5 × 22,500 = 112,500) and on the same date five matching dispositions to the issuer (5 × 22,500 = 112,500). No per‑share prices or total dollar values are reported (marked N/A in the filing). The paired grant-and-disposition resulted in no net change in shares held according to the reported transactions.

Key Details

• Transaction date: April 7, 2026; Form 4 filed April 9, 2026 (appears timely).
• Grants: five awards of 22,500 derivative shares each (total 112,500).
• Dispositions: five dispositions to the issuer of 22,500 shares each (total 112,500).
• Price/value: listed as N/A (no exercise price or sale proceeds reported in the transactions).
• Shares owned after transaction: not specified in the filing.
• Relevant footnotes from the filing:
  • F1: USD amounts (where shown) are convenience conversions from NIS as of Apr 6, 2026.
  • F2: Option exercise price was adjusted under the company’s 2011 Share Award Plan due to a cash dividend declared Mar 11, 2026.
  • F3: Options vest in four equal annual installments (25% per year).
  • F4: Awards are held by a trustee under the 2011 Share Award Plan.
• Filing does not state a 10b5-1 plan or explicit tax‑withholding surrender; the filing records only the grant and disposition transactions.

Context

• These are derivative award transactions (options/awards held via plan/trust). The simultaneous grant and disposition to the issuer often reflects plan mechanics such as net settlement or shares being withheld/delivered to a trustee, but the Form 4 here does not specify the reason. Because the filing shows no open‑market purchase or sale to outside parties, it should not be read as a straightforward buy or sell signal.