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Insider at GILT (GILT) files Rule 144 to sell 21,647 shares

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

Rhea-AI Filing Summary

An affiliate of GILT has filed a notice of proposed sale under Rule 144 for 21,647 ordinary shares. The shares are expected to be sold through Oppenheimer & Co. Inc. on or about 02/12/2026 on the Nasdaq market, with an indicated aggregate market value of $296,563.90.

The securities were originally acquired on 08/01/2021 through an employee stock options plan, with cash payment to be made upon exercise on the planned sale date. The filing also confirms the seller’s representation that they are not aware of undisclosed material adverse information about the issuer.

Positive

  • None.

Negative

  • None.

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 does the GILT Rule 144 filing disclose about planned share sales?

The filing discloses a planned Rule 144 sale of 21,647 ordinary shares of GILT. These shares have an indicated aggregate market value of $296,563.90 and are expected to be sold through Oppenheimer & Co. Inc. on the Nasdaq market.

When are the GILT shares covered by this Rule 144 notice expected to be sold?

The shares are expected to be sold on or about 02/12/2026. This approximate sale date aligns with the stated payment date, when cash will be paid upon exercise of the employee stock options that generated the shares.

How many GILT shares are involved in this Rule 144 sale and what is their value?

The notice covers 21,647 ordinary shares of GILT with an indicated aggregate market value of $296,563.90. The filing also notes that 57,017,032 shares of this class were outstanding at the time referenced in the document.

How were the GILT shares in this Rule 144 filing originally acquired?

The shares were acquired on 08/01/2021 through an employee stock options plan from the issuer. According to the notice, the consideration will be cash upon exercise on 02/12/2026, rather than cash fully paid at the original grant date.

Which broker will handle the planned GILT Rule 144 share sale?

The planned sale will be handled by Oppenheimer & Co. Inc., located at 85 Broad St., New York, NY 10004. The filing also indicates that the ordinary shares are expected to trade on the Nasdaq exchange for this transaction.

What representation does the seller make in the GILT Rule 144 notice?

The seller represents that they do not know any material adverse information about GILT’s current or prospective operations that has not been publicly disclosed. This representation is a standard requirement when submitting a Rule 144 notice of proposed sale.