GILT Form 144 Filed for 24,633 Shares via Oppenheimer on NASDAQ

Rhea-AI Filing Summary

Gilat Satellite Networks Ltd (GILT) notice reports a proposed Rule 144 sale of 24,633 ordinary shares through Oppenheimer & Co. on 08/20/2025 on NASDAQ, with an aggregate market value of $211,351.14 and 57,017,032 shares outstanding. The shares were acquired under the company's employee stock option plan on 01/03/2021 (15,428 shares) and 02/13/2023 (9,205 shares) and are to be paid for in cash upon exercise. The filer states there were no sales in the past three months and certifies they are not aware of undisclosed material adverse information.

Positive

• Filing complies with Rule 144 disclosure requirements, listing broker, sale date, and acquisition details
• Brokered sale via Oppenheimer & Co. indicates use of an established intermediary for execution
• No sales in the past three months reported for the selling person

Negative

• Insider proposes to sell 24,633 shares, which may be interpreted negatively by some investors
• Aggregate market value $211,351.14 represents cashing out of employee-option-derived shares

Insights

Financial Analyst

TL;DR: Routine insider sale under Rule 144; modest size versus outstanding shares suggests limited market impact.

The filing documents a proposed disposition of 24,633 ordinary shares valued at $211,351.14 to be executed through a broker on NASDAQ. The shares originate from standard employee stock option plan grants dated 2021 and 2023 and will be paid in cash upon exercise. Given the issuer's 57,017,032 shares outstanding, the proposed sale represents a small fraction of total equity and is unlikely to move market pricing materially. The notice is procedural, meeting Rule 144 disclosure requirements and reporting no prior sales in the past three months.

Corporate Governance Expert

TL;DR: Compliance-focused filing indicating an insider exercise/sale; disclosure and broker use align with good governance practices.

The filer uses a registered broker (Oppenheimer & Co.) and provides acquisition dates and transaction mechanics, including cash-upon-exercise payment, satisfying Rule 144 transparency expectations. The representation that no undisclosed material adverse information is known is standard and necessary for Form 144 certifications. The absence of other recent sales suggests this is an isolated disposition rather than a pattern of insider exits.

Form 144 Filer Information	UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 Form 144 NOTICE OF PROPOSED SALE OF SECURITIES PURSUANT TO RULE 144 UNDER THE SECURITIES ACT OF 1933
FORM 144

144: Filer Information

Filer CIK
Filer CCC
Is this a LIVE or TEST Filing?	LIVE TEST
Submission Contact Information
Name
Phone
E-Mail Address

144: Issuer Information

Name of Issuer

SEC File Number

Address of Issuer

Phone

Name of Person for Whose Account the Securities are To Be Sold

See the definition of "person" in paragraph (a) of Rule 144. Information is to be given not only as to the person for whose account the securities are to be sold but also as to all other persons included in that definition. In addition, information shall be given as to sales by all persons whose sales are required by paragraph (e) of Rule 144 to be aggregated with sales for the account of the person filing this notice.

Relationship to Issuer

144: Securities Information

Title of the Class of Securities To Be Sold	Name and Address of the Broker	Number of Shares or Other Units To Be Sold	Aggregate Market Value	Number of Shares or Other Units Outstanding	Approximate Date of Sale	Name the Securities Exchange
Ordinary shares	Oppenheimer & Co. Inc. 85 Broad St. New York NY 10004	24633	211351.14	57017032	08/20/2025	NASDAQ

Furnish the following information with respect to the acquisition of the securities to be sold and with respect to the payment of all or any part of the purchase price or other consideration therefor:

144: Securities To Be Sold

Title of the Class	Date you Acquired	Nature of Acquisition Transaction	Name of Person from Whom Acquired	Is this a Gift?	Date Donor Acquired	Amount of Securities Acquired	Date of Payment	Nature of Payment *
Ordinary	02/13/2023	Employee stock option plan	From the Issuer			9205	08/20/2025	Cash Upon Exercise
Ordinary	01/03/2021	Employee stock option plan	From the Issuer			15428	08/20/2025	Cash Upon Exercise

* If the securities were purchased and full payment therefor was not made in cash at the time of purchase, explain in the table or in a note thereto the nature of the consideration given. If the consideration consisted of any note or other obligation, or if payment was made in installments describe the arrangement and state when the note or other obligation was discharged in full or the last installment paid.

Furnish the following information as to all securities of the issuer sold during the past 3 months by the person for whose account the securities are to be sold.

144: Securities Sold During The Past 3 Months

Nothing to Report

144: Remarks and Signature

Remarks

Date of Notice

ATTENTION:

The person for whose account the securities to which this notice relates are to be sold hereby represents by signing this notice that he does not know any material adverse information in regard to the current and prospective operations of the Issuer of the securities to be sold which has not been publicly disclosed. If such person has adopted a written trading plan or given trading instructions to satisfy Rule 10b5-1 under the Exchange Act, by signing the form and indicating the date that the plan was adopted or the instruction given, that person makes such representation as of the plan adoption or instruction date.

Signature

ATTENTION: Intentional misstatements or omission of facts constitute Federal Criminal Violations (See 18 U.S.C. 1001)

FAQ

What is being reported in the Gilat Satellite Networks (GILT) Form 144?

The filing reports a proposed Rule 144 sale of 24,633 ordinary shares through Oppenheimer & Co. on 08/20/2025 on NASDAQ with aggregate value $211,351.14.

How were the shares being sold acquired according to the filing?

All shares were acquired under the company's employee stock option plan: 15,428 on 01/03/2021 and 9,205 on 02/13/2023, with payment cash upon exercise.

Does the filer report any securities sold in the past three months?

The filing states "Nothing to Report" for securities sold during the past three months by the selling person.

What exchange will the proposed sale occur on?

The proposed sale is listed to occur on NASDAQ via Oppenheimer & Co.

What certification does the filer make about material information?

The filer represents by signature that they do not know any material adverse information about the issuer that has not been publicly disclosed.