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Insider Plans to Sell 16,477 Gilat Shares via Oppenheimer on Nasdaq

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

Rhea-AI Filing Summary

Form 144 notice for Gilat Satellite Networks Ltd (GILT): The filer proposes to sell 16,477 ordinary shares through Oppenheimer & Co. Inc. on Nasdaq with an approximate sale date of 09/09/2025. The reported aggregate market value of the shares to be sold is $174,161.89 and the total number of shares outstanding is reported as 57,017,032. The shares were acquired on 01/04/2021 under an employee stock options plan from the issuer and payment is indicated as cash upon exercise. The filer reports no securities sold in the past three months and makes the required certification about lacking undisclosed material adverse information.

Positive

  • Planned sale fully disclosed with number of shares, aggregate market value, broker, exchange, and approximate sale date
  • Acquisition source specified as employee stock options acquired on 01/04/2021, clarifying basis for resale eligibility
  • No securities sold in past three months, simplifying aggregation considerations under Rule 144

Negative

  • None.

Insights

TL;DR: Routine insider sale filing disclosing a planned sale of 16,477 shares via a broker on Nasdaq.

The filing documents a planned sale under Rule 144 rather than a market-moving corporate event. It specifies the number of shares, aggregate market value, broker, exchange, and the acquisition source as employee stock options. The absence of sales in the past three months and the explicit acquisition details make this a standard disclosure for compliance with resale rules. No financial performance or forward guidance is included.

TL;DR: Compliance-focused disclosure showing the insider is following Rule 144 procedures; no governance red flags visible.

The form includes the required representations about material nonpublic information and documents the basis for resale (employee stock options). It names the executing broker and gives the approximate sale date. As submitted, the form meets routine governance and disclosure expectations for an insider sale notice; it contains no information suggesting noncompliance or undisclosed corporate issues.

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 Form 144 for GILT report?

The form reports a proposed sale of 16,477 ordinary shares on 09/09/2025 through Oppenheimer & Co. Inc. on Nasdaq, with aggregate market value of $174,161.89.

How were the shares acquired for the proposed sale?

The shares were acquired on 01/04/2021 under an employee stock options plan from the issuer; payment is indicated as cash upon exercise.

Has the filer sold any Gilat (GILT) securities in the past three months?

The filing states Nothing to Report for securities sold during the past three months.

What is the total number of GILT shares outstanding reported in the filing?

The filing reports 57,017,032 shares outstanding.

Who is the broker named for the transaction?

The broker named is Oppenheimer & Co. Inc., 85 Broad St. New York NY 10004.