[144] Gilat Satellite Networks Ltd SEC Filing
Rhea-AI Filing Summary
Gilat Satellite Networks Ltd (GILT) filed a Form 144 reporting a proposed sale of 53,557 ordinary shares. The sale is to be executed through Oppenheimer & Co. Inc. on 08/21/2025 with an aggregate market value of $476,657.30. The filing states total shares outstanding of 57,017,032, and shows the shares were acquired under employee stock option plans: 19,755 shares on 02/13/2023 and 33,802 shares on 01/03/2021, with payment noted as cash upon exercise. The filer certifies no undisclosed material adverse information and reports no securities sold in the past three months.
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Insights
TL;DR: Routine Form 144 discloses an insider sale of 53,557 shares worth ~$476.7k; the filing is procedural and transparent.
The Form 144 identifies a proposed sale of 53,557 ordinary shares via Oppenheimer on 08/21/2025 for an aggregate market value of $476,657.30. Acquisition sources are employee stock option plans from 2021 and 2023, with cash upon exercise as the payment method. The filer confirms no securities were sold in the prior three months and attests to the absence of undisclosed material adverse information. From a securities disclosure standpoint, this is a standard, compliant notice and provides clear transaction provenance.
TL;DR: Filing meets Rule 144 requirements; sale is disclosed but does not by itself indicate material corporate change.
The document supplies required details: class of securities, broker, number of shares, market value, outstanding shares, acquisition dates and nature, and payment terms. The filing includes the prescribed signature representation concerning material information. There is no information in the filing about changes to company operations, management, or financial condition, so the disclosure appears procedural rather than material to corporate governance.