Kamada (KMDA) VP HR Reshef Liron Receives 100,000-Share Award

What Happened

• Reshef Liron, Vice President of Human Resources at Kamada Ltd. (KMDA), received awards totaling 100,000 derivative shares (options) on August 27, 2026 — two grants of 40,000 and 60,000 shares. The reported acquisition price for both awards is $0.00 because these are grant awards (derivative instruments), not open-market purchases.

Key Details

• Transaction date: 2026-08-27; Form 4 filed: 2026-09-24 (filed late relative to the transaction date).
• Grants: 40,000 shares (previously $5.29 exercise price, adjusted) and 60,000 shares (previously $7.61 exercise price, adjusted) — exercise prices were adjusted in connection with a special cash dividend declared August 17, 2026 with record date August 27, 2026.
• Exercise prices are denominated in New Israeli Shekels (NIS) and presented in USD in the filing using the Bank of Israel NIS/USD rate as of Sept 22, 2026.
• Vesting: Options vest in four equal annual installments (25% each year from grant date).
• Held by trustee under the Company’s 2011 Share Award Plan (per filing footnote).
• Shares owned after the transaction are not specified in the Form 4.

Context

• These are grant awards of options (derivative securities), not immediate stock purchases — the recipient does not receive freely tradable shares until options vest and are exercised.
• The filing was submitted about a month after the grant date, so it was late relative to typical Section 16 reporting timing.