SCHEDULE: Phoenix Financial Ltd. Updates Stake in Kamada Ltd.

Phoenix Financial Ltd. has updated its Schedule 13G filing, reporting a 4.6% beneficial ownership of Kamada Ltd.'s ordinary shares as of August 13, 2026.

Summary

• Phoenix Financial Ltd. has filed an amendment to its Schedule 13G, reporting its beneficial ownership of Kamada Ltd. ordinary shares.
• As of August 13, 2026, Phoenix Financial Ltd. and its subsidiaries beneficially owned 2,652,234.66 ordinary shares, representing 4.6% of the class.
• The filing clarifies that the securities are held by various direct or indirect subsidiaries of Phoenix Financial Ltd., which manage their own funds and make independent voting and investment decisions.
• Phoenix Financial Ltd. disclaims the existence of a group for Section 13(d) purposes and beneficial ownership beyond its actual pecuniary interest.
• The total number of outstanding ordinary shares used for the percentage calculation was 57,681,420 as of August 16, 2026.

Sentiment

Score: 3

Explanation: StockSavvy.ai views this as a neutral filing, primarily an update on beneficial ownership without significant new strategic or financial information.

Positives

• Clear disclosure of beneficial ownership percentage (4.6%).
• Confirmation of independent management and decision-making by subsidiaries.
• Explicit disclaimer regarding group formation and beneficial ownership beyond pecuniary interest.

Negatives

• No new financial performance data or strategic initiatives are disclosed.
• The filing does not provide insight into the reasons for the ownership level or future intentions.

Risks

• The ownership structure, with changes in partnership agreements, could lead to fluctuations in beneficial ownership percentages.
• Potential for future changes in beneficial ownership that could impact market perception or trading activity.

Future Outlook

The filing does not contain specific forward-looking statements or guidance regarding future ownership levels or intentions.

Management Comments

• Each of the Subsidiaries operates under independent management and makes its own independent voting and investment decisions.
• Neither the filing of this Schedule 13G nor any of its contents shall be deemed to constitute an admission by either the Filing Persons or Subsidiaries that a group exists for purposes of Section 13(d) of the Securities Exchange Act of 1934 or for any other purpose, and each reporting person disclaims the existence of any such group.
• Each of the Filing Persons and Subsidiaries disclaims any beneficial ownership of the securities covered by this report in excess of their actual pecuniary interest therein.
• This Statement shall not be construed as an admission by the Filing Persons or Subsidiaries that they are the beneficial owners of any of the Ordinary Shares covered by this Statement.

Industry Context

StockSavvy.ai notes that Schedule 13G filings are routine disclosures for significant beneficial ownership changes or updates. This filing indicates Phoenix Financial Ltd.'s continued, albeit passive, interest in Kamada Ltd. without suggesting any active control or strategic shift.

Comparison to Industry Standards

• This filing is a standard Schedule 13G, which is a required disclosure for institutional investors or other entities that acquire beneficial ownership of more than 5% of a class of a company's registered equity securities.
• The 4.6% ownership level is typical for institutional investors who may hold positions for investment purposes without seeking control.
• Companies like BlackRock, Vanguard, and State Street often file similar 13G or 13F forms to report their holdings across various public companies.

Stakeholder Impact

• Shareholders: The filing provides transparency on a significant shareholder's holdings, which can inform investment decisions.
• Management of Kamada Ltd.: Awareness of institutional ownership levels is important for corporate governance and strategic planning.

Next Steps

• Phoenix Financial Ltd. will continue to file amendments to Schedule 13G as required by SEC regulations if there are material changes in its beneficial ownership of Kamada Ltd. shares.

Key Dates

Keywords

Kamada Ltd., Phoenix Financial Ltd., Schedule 13G, Beneficial Ownership, Ordinary Shares, Investment Holdings, Shareholder Disclosure