Dekel Benjamin 4

What Happened
Dekel Benjamin, a director of Kamada Ltd. (KMDA), was the recipient of four derivative awards of 4,000 shares each (total acquired = 16,000) on April 7, 2026 and, on the same date, disposed of the same four lots of 4,000 derivative shares back to the issuer (total disposed = 16,000). All transactions are reported as derivative (options/awards) with no per-share dollar price reported (N/A), so there is no direct cash purchase or open-market sale recorded in this filing. The net effect reported here is zero additional shares retained by the insider from these transactions.

Key Details

• Transaction date: April 7, 2026; Form 4 filed April 9, 2026 (timely).
• Transactions: Four grants of 4,000 derivative shares each (total acquired 16,000) and four corresponding dispositions to the issuer of 4,000 each (total disposed 16,000).
• Price/value: Listed as N/A for these derivative transactions; no dollar amounts provided in the supplied excerpt.
• Shares owned after transaction: Not specified in the provided filing details.
• Notable footnotes from the filing:
  • F1: USD exercise prices (where shown) are convenience conversions from NIS using Bank of Israel rate as of April 6, 2026.
  • F2: Exercise price of the options was adjusted per the 2011 Share Award Plan due to a cash dividend declared March 11, 2026; otherwise terms unchanged.
  • F3: Options vest 25% on each of the four anniversaries of grant.
  • F4: Awards are held by a trustee under the Company's 2011 Share Award Plan.

Context

• These are derivative award-related transactions (options/share awards) rather than open-market buys or sales. The pattern of an award followed immediately by a disposition to the issuer is commonly used for net-settlement, tax withholding or share-surrender purposes, but the filing itself does not specify the reason.
• Because the acquired and disposed amounts match, the filing shows no net increase in the director’s reported ownership from these items.
• For retail investors, purchases by insiders are often more indicative than routine awards or withholding-related dispositions; here the activity appears administrative rather than an outright sale into the market.