GILT insider sale notice: 8,760 ordinary shares via Oppenheimer on NASDAQ

Rhea-AI Filing Summary

Form 144 for Gilat Satellite Networks Ltd (GILT) shows a proposed sale of 8,760 ordinary shares through Oppenheimer & Co. for an aggregate market value of $75,160.80. The shares were acquired on May 15, 2022 under an employee stock option plan from the issuer and payment at sale is expected to be cash upon exercise. The filing reports 57,017,032 shares outstanding and an approximate sale date of 08/20/2025 on the NASDAQ. The filer certifies they are not aware of undisclosed material adverse information and confirms no securities were sold by the person in the past three months.

Insights

Securities Analyst

TL;DR: Routine insider sale notice of 8,760 shares valued at $75k; no prior 3-month sales reported.

This Form 144 notifies the market of a proposed sale by a person who acquired the shares through an employee stock option plan on 05/15/2022. The broker listed is Oppenheimer & Co. and the trade is slated for 08/20/2025 on NASDAQ. The filing discloses 57,017,032 shares outstanding, which provides context for the size of the sale. The filer affirms no undisclosed material adverse information. For investors, this is a standard regulatory disclosure required when a sale by an affiliate meets Rule 144 thresholds; it signals intent to sell but does not by itself indicate company operational change.

Corporate Governance Expert

TL;DR: Compliance-focused disclosure showing a planned exercise and sale under an employee plan; procedural, not material.

The document documents that the securities were acquired from the issuer via an employee stock option plan and will be sold for cash upon exercise. It includes the filer’s representation regarding lack of undisclosed material adverse information, consistent with regulatory expectations. No sales in the prior three months are reported, and the transaction is routed through a recognized broker. This filing appears to satisfy Rule 144 notice requirements and raises no governance red flags based on the information provided.

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	Oppenheimer & Co. Inc. 85 Broad St. New York NY 10004	8760	75160.80	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	05/15/2022	Employee stock option plan	From the Issuer			8760	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 does the Form 144 filed for Gilat Satellite Networks Ltd (GILT) disclose?

The filing discloses a proposed sale of 8,760 ordinary shares valued at $75,160.80, acquired 05/15/2022 under an employee stock option plan, with an approximate sale date of 08/20/2025 on NASDAQ.

Who is the broker handling the proposed sale in the GILT Form 144?

Oppenheimer & Co. Inc., 85 Broad St. New York NY 10004, is listed as the broker.

Were any Gilat (GILT) shares sold by the filer in the past three months?

No. The filing states "Nothing to Report" for securities sold during the past three months.

How were the shares being sold originally acquired according to the Form 144?

The shares were acquired from the issuer under an employee stock option plan on 05/15/2022.

What representation does the filer make about material information in the Form 144?

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