Kamada (KMDA) VP Neheman Hanni Receives Stock Awards

What Happened

• Neheman Hanni, Vice President, Marketing & Sales of Kamada Ltd. (KMDA), received two stock award grants on August 27, 2026 totaling 75,000 ordinary shares (15,000 + 60,000). The grants are reported as derivative awards with an acquisition price of $0.00 (i.e., awards/options rather than an open-market purchase).
• The awards are subject to a 4-year vesting schedule (25% vests on each anniversary of the grant). The options are held by a trustee under the Company's 2011 Share Award Plan.

Key Details

• Transaction date: August 27, 2026 (reported on Form 4 filed September 23, 2026).
• Award amounts: 15,000 and 60,000 ordinary shares (total 75,000); acquisition price reported as $0.00 (derivative award).
• Vesting: 25% vests each year for four years (footnote F2).
• Held by trustee under the 2011 Share Award Plan (footnote F3).
• Exercise prices were adjusted in connection with a special cash dividend declared Aug 17, 2026 (record date Aug 27, 2026); prior reported exercise prices were $6.15 (15,000 option) and $7.61 (60,000 option) before adjustment (footnotes F4–F5). Exercise prices are denominated in NIS and presented in USD using the Bank of Israel exchange rate (footnote F1).
• Shares owned after the transaction are not specified in the provided Form 4.
• Filing timeliness: The Form 4 was filed nearly a month after the Aug 27 transaction (filed Sep 23, 2026); this appears late under the usual two-business-day Form 4 reporting rule and may delay public disclosure.

Context

• These are grant/award (derivative) transactions—i.e., options/awards that give the holder the right to acquire shares in the future at an exercise price; they do not represent an immediate purchase or sale of underlying shares.
• Because the awards vest over time and are held by a trustee, they do not necessarily indicate immediate buying or selling activity by the insider. The special dividend affected the stated exercise prices, per the filing footnotes.