Kamada (KMDA) VP Boris Gorelik Receives 15,000-Share Option Award

What Happened

Boris Gorelik, Vice President, Business Development and Strategic Programs at Kamada Ltd. (KMDA), was granted an award covering 15,000 ordinary shares on August 27, 2026. The grant is reported as a derivative award (options) with $0 cash paid at grant. The filing indicates the exercise price for the options was adjusted following a special cash dividend; the previously reported exercise price was $9.57 (see footnotes).

Key Details

• Transaction date: August 27, 2026 (Form 4 filed September 24, 2026).
• Transaction type: Grant/award of a derivative (options) covering 15,000 ordinary shares; reported value at grant $0.
• Vesting: Options vest in four equal annual installments (25% each year).
• Exercise-price adjustment: Previously reported exercise price was $9.57; adjusted due to a special cash dividend declared August 17, 2026 (record date Aug 27, 2026).
• Hold: Options are held by a trustee under the Company’s 2011 Share Award Plan.
• Shares owned after transaction: Not specified in this filing.
• Timeliness: Form 4 was filed on Sept 24, 2026, reporting an Aug 27 transaction — outside the typical 2-business-day reporting window and therefore appears late.

Context

This was an options grant (compensation), not a purchase or sale of stock. The award vests over four years and the options remain derivatives until exercised; no immediate sale or cashless exercise is reported. Such grants are common executive compensation and do not by themselves indicate insider buying or selling sentiment.