Oramed Pharmaceuticals Inc.

Director's Dealing • Aug 12, 2021

FORM 4 UNITED STATES SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

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Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934 or Section 30(h) of the Investment Company Act of 1940

1. Name and Address of Reporting Person* RAKIN KEVIN			2. Issuer Name and Ticker or Trading Symbol ORAMED PHARMACEUTICALS INC. [	5. Relationship of Reporting Person(s) to Issuer (Check all applicable)
			ORMP ]	X	Director	10% Owner
(Last) (First) (Middle) 36 CHURCH LANE					Officer (give title	Other (specify
			3. Date of Earliest Transaction (Month/Day/Year) 08/09/2021		below)	below)
(Street)			4. If Amendment, Date of Original Filed (Month/Day/Year)	6. Individual or Joint/Group Filing (Check Applicable Line)
WESTPORT,	CT	06880		X	Form filed by One Reporting Person
(City)	(State)	(Zip)			Form filed by More than One Reporting Person

Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned

1. Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	3. Transaction Code (Instr. 8)	4. Securities Acquired (A) or Disposed Of (D) (Instr. 3, 4 and 5)		5. Amount of Securities Beneficially Owned Following	6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership
			Code V	Amount	(A) or (D)	Price	Reported Transaction(s) (Instr. 3 and 4)		(Instr. 4)
Common Stock	08/09/2021		M	5,697	A	\$6.23	20,758	D
Common Stock	08/09/2021		F	1,683(1)	D	\$21.09	19,075	D
Common Stock	08/09/2021		M	6,666	A	\$4.8	25,741	D
Common Stock	08/09/2021		F	1,517(2)	D	\$21.09	24,224	D
Common Stock	08/09/2021		M	10,000	A	\$4.17	34,224	D
Common Stock	08/09/2021		F	1,977(3)	D	\$21.09	32,247	D
Common Stock	08/09/2021		M	56,773	A	\$7.77	89,020	D
Common Stock	08/09/2021		F	20,916(4)	D	\$21.09	68,104	D

Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)

1. Title of Derivative Security (Instr. 3)	2. Conversion or Exercise Price of Derivative Security	3. Transaction Date (Month/Day/Year)	3A. Deemed Execution Date, if any (Month/Day/Year)	4. Transaction Code (Instr. 8)	5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5)		6. Date Exercisable and Expiration Date (Month/Day/Year)		7. Title and Amount of Securities Underlying Derivative Security (Instr. 3 and 4)		8. Price of Derivative Security (Instr. 5)	9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4)	10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)
				Code V		(A) (D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares
Stock Option (right to buy)	\$6.23	08/09/2021		M		5,697	02/09/2017	02/09/2027 Common	Stock	5,697	\$0	0	D
Stock Option (right to buy)	\$4.8	08/09/2021		M		6,666	12/31/2020	01/08/2030 Common	Stock	6,666	\$0	0	D
Stock Option (right to buy)	\$4.17	08/09/2021		M		10,000	12/31/2019	09/11/2029 Common	Stock	10,000	\$0	0	D
Stock Option (right to buy)	\$7.77	08/09/2021		M		56,773	(5)	06/30/2027 Common	Stock	56,773	\$0	0	D

Explanation of Responses:

1. Represents a cashless exercise of outstanding stock options to purchase 5,697 shares of common stock. The reporting person received 4,014 shares of common stock and surrendered 1,683 shares of common stock underlying the stock option in payment of the exercise price.

2. Represents a cashless exercise of outstanding stock options to purchase 6,666 shares of common stock. The reporting person received 5,149 shares of common stock and surrendered 1,517 shares of common stock underlying the stock option in payment of the exercise price.

3. Represents a cashless exercise of outstanding stock options to purchase 10,000 shares of common stock. The reporting person received 8,023 shares of common stock and surrendered 1,977 shares of common stock underlying the stock option in payment of the exercise price.

4. Represents a cashless exercise of outstanding stock options to purchase 56,773 shares of common stock. The reporting person received 35,857 shares of common stock and surrendered 20,916 shares of common stock underlying the stock option in payment of the exercise price.

5. The options vested as follows: 15,591 vested on December 31, 2017, 2018 and 2019 and additional 10,000 vested on December 31, 2020.

/s/ Kevin Rakin 08/11/2021

** Signature of Reporting Person Date

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