ITSHAYEK ASSAF 4

What Happened

• Itshayek Assaf, a director of Kamada Ltd. (KMDA), recorded four option-related acquisitions of 4,000 derivative shares each (total 16,000) on April 7, 2026, immediately followed by four corresponding dispositions to the issuer of 4,000 shares each (total 16,000). The transactions are reported as derivative (option) activity; no per-share prices or dollar values are provided in the filing.
• Net effect reported in this Form 4: zero change in total shares held (16,000 acquired and 16,000 surrendered). The Form 4 was filed April 9, 2026 (timely within the typical Form 4 window).

Key Details

• Transaction date: April 7, 2026; Form 4 filed: April 9, 2026 (timely).
• Reported transactions: four “A” (grant/award/acquisition) events of 4,000 derivative shares each and four “D” (disposition to issuer) events of 4,000 shares each — 16,000 acquired and 16,000 disposed in total.
• Prices / dollar values: not reported (listed as N/A).
• Shares owned after transaction: not specified in the filing.
• Relevant footnotes from the filing:
  • F1: USD amounts (when shown) are convenience conversions from NIS using April 6, 2026 exchange rate.
  • F2: Exercise price of the options was adjusted per the 2011 Share Award Plan after a cash dividend declared March 11, 2026.
  • F3: Options vest 25% each year over four anniversaries of the grant date.
  • F4: Shares are/were held by a trustee under the Company’s 2011 Share Award Plan.

Context

• These are derivative transactions (options). The pattern—options resulting in share acquisition followed by disposition to the issuer—is commonly how exercises are settled when shares are surrendered to the company (for example, to cover withholding taxes or exercise costs) but the filing itself does not state the reason or any cash flows.
• No substantive change in beneficial ownership is reported here; retail investors should treat this as a technical/options settlement filing rather than an outright purchase or open-market sale signaling new conviction.