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GILT Rule 144 Notice: 12,203 Ordinary Shares Proposed for Sale

Filing Impact
(Neutral)
Filing Sentiment
(Neutral)
Form Type
144

Rhea-AI Filing Summary

The filing notifies a proposed sale under Rule 144 by a person associated with Gilat Satellite Networks Ltd (GILT). The seller plans to offer 12,203 ordinary shares on or about 08/25/2025 through Oppenheimer & Co. Inc. on Nasdaq, with an aggregate market value of $113,365.87. These shares were acquired under an employee stock options plan on 09/01/2022 and will be paid for in cash upon exercise. The filer states there were no securities sold in the past three months and affirms no undisclosed material adverse information. The sale size represents a very small fraction of the 57,017,032 shares outstanding.

Positive

  • None.

Negative

  • None.

Insights

TL;DR Insider plans a small Rule 144 sale of 12,203 shares worth ~$113k; not likely material to GILT's market cap.

The filing documents a routine Rule 144 notice for sale of shares acquired via an employee stock option on 09/01/2022. The disclosed aggregate value of $113,365.87 versus 57,017,032 shares outstanding implies the sale is immaterial to overall share supply. There are no reported sales in the prior three months, which suggests this is an isolated disposal rather than a pattern. From a trading-impact perspective, this is a standard compliance disclosure that provides transparency on insider liquidity without signaling company-level operational changes.

TL;DR The filer is complying with Rule 144 disclosure for employee-option-derived shares; the disclosure raises no governance red flags.

This Form 144 shows the seller acquired the ordinary shares through an employee stock option plan and intends cash payment upon exercise. The signature and representation about lack of undisclosed material adverse information are standard. Absence of recent sales and the modest size of the proposed sale reduce concerns about insider-driven dilution or signaling. Governance implications are minimal; the filing fulfills regulatory transparency for insider transactions.

144: Filer Information

144: Issuer Information

144: Securities Information



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


* 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

144: Remarks and Signature

FAQ

What did Gilat Satellite Networks (GILT) disclose in this Form 144?

The filer disclosed a proposed sale of 12,203 ordinary shares via Oppenheimer on Nasdaq, valued at $113,365.87, with an approximate sale date of 08/25/2025.

How were the shares being sold by GILT acquired?

The shares were acquired on 09/01/2022 under an employee stock options plan and payment on exercise will be cash upon exercise.

Does the filing report other recent insider sales for GILT?

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

What percentage of GILT's outstanding shares does the proposed sale represent?

The sale of 12,203 shares versus 57,017,032 shares outstanding represents a very small fraction of the float, making it immaterial to total outstanding shares.

Who will execute the sale for the filer?

The broker listed is Oppenheimer & Co. Inc., 85 Broad St., New York, NY and the sale is planned on Nasdaq.
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