Kamada (KMDA) VP Nir Eran Receives 112,500 Share Award

What Happened

• Nir Eran, Vice President of Operations at Kamada Ltd. (KMDA), was granted derivative awards/options covering a total of 112,500 ordinary shares on 2026-08-27 (22,500 and 90,000 share awards). The awards were reported as having $0 cash cost to the insider (they are option/award grants, not open-market purchases).

Key Details

• Transaction date: August 27, 2026. Form 4 filed: September 23, 2026 (late filing).
• Reported acquisition type: A (grant/award/other acquisition); reported amount: 22,500 and 90,000 shares (total 112,500) at $0.00 (derivative awards).
• Vesting: Options vest in four equal annual installments (25% each year) (Footnote F2).
• Plan/holding: Awards are held by a trustee under the Company’s 2011 Share Award Plan (Footnote F3).
• Exercise-price notes: Exercise prices are denominated in NIS and presented in USD per Bank of Israel rate (F1). The exercise prices for the two reported options were previously $6.15 (22,500) and $7.61 (90,000) and were adjusted in connection with a special cash dividend declared Aug 17, 2026 with record date Aug 27, 2026 (F4, F5).
• Shares owned after transaction: Not specified in the provided filing excerpt.
• Timeliness: The Form 4 was filed late (transaction Aug 27 → filing Sep 23); late filings can reduce transparency for investors.

Context

• These entries are derivative grants (stock option/award grants) rather than purchases or sales. They do not indicate immediate sale or exercise — they are future rights that vest over time. Grants are common for employee compensation; they are not direct cash purchases that signal immediate insider buying.