Kamada (KMDA) 10% Owner Davidi Ishay Receives Option Grants

What Happened

• Davidi Ishay, listed as a 10% owner of Kamada Ltd (KMDA), received three option awards (derivative grants) on August 27, 2026 covering 26,500, 30,000 and 30,000 ordinary shares (total 86,500 options). Each grant is reported with an acquisition price of $0.00 because these are awards of options rather than open-market purchases. The exercise prices were adjusted in connection with a special cash dividend declared August 17, 2026 (record date August 27, 2026) and are presented in U.S. dollars based on the Bank of Israel exchange rate per the filing.

Key Details

• Transaction date: 2026-08-27 (Form filed 2026-09-29 — appears to be filed late).
• Grants: 26,500; 30,000; 30,000 options (total 86,500).
• Acquisition price reported: $0.00 (option awards, not cash purchases).
• Exercise-price notes: Previously reported exercise prices were $7.45, $6.05 and $7.42 (each adjusted following the special dividend); current USD-denominated prices reflect Bank of Israel exchange rate as of 9/29/2026 (filing footnote).
• Vesting and term (footnote): Options vest in four equal annual installments (25% each year) and are exercisable for 10 years from the grant date.
• Held by trustee under the Company’s 2011 Share Award Plan (per filing).
• Shares/options owned after transaction: not specified in the excerpt provided — see the full Form 4 for total beneficial ownership.
• Filing timeliness: The Form 4 was filed about one month after the grant date (indicating a late filing).

Context

• These were option grants (awards), not purchases or sales. Option grants are commonly used for compensation and retention and do not represent immediate cash proceeds unless exercised and sold later.
• For a 10% owner, such grants may reflect compensation or incentive arrangements for a major shareholder; they are not the same as open-market buying or selling and should be interpreted accordingly.
• The exercise prices were adjusted due to a special cash dividend; the adjustment changes the economic terms of the options but does not itself represent a market trade.