Kamada (KMDA) VP Yael Brenner Receives 60,000 Option Award

What Happened Yael Brenner, Vice President, Quality at Kamada Ltd. (KMDA), received a grant of 60,000 derivative securities (stock options) on August 27, 2026. The grant was reported as an award (acquisition at $0.00) under the company's 2011 Share Award Plan and is held by a trustee. The filing notes the option exercise price was previously reported as $7.61 and was adjusted in connection with a special cash dividend declared August 17, 2026 (record date August 27, 2026); the Form 4 shows a convenience conversion of NIS to USD for exercise price reporting.

Key Details

• Transaction date: 2026-08-27 (grant of 60,000 options).
• Filing date: 2026-09-23 (report appears late vs. the usual 2‑business‑day Form 4 deadline).
• Consideration: reported as $0.00 (award/grant of derivative securities).
• Vesting: options vest in four equal installments — 25% on each anniversary of the grant date.
• Holding: options are held by a trustee under the Company’s 2011 Share Award Plan.
• Exercise-price adjustment: previously reported exercise price was $7.61; adjusted due to a special cash dividend (as noted in the filing).
• Shares owned after transaction: not specified in the Form 4.

Context This was an equity award (grant of options), not an open-market purchase or sale — it does not represent an immediate buy or sell of underlying shares. The options will become exercisable over time per the four-year vesting schedule; until exercised, they are a potential future claim on shares. The late filing reduces near-term transparency for investors but does not itself indicate the insider’s trading intent.