[144] Gilat Satellite Networks Ltd SEC Filing

Rhea-AI Filing Summary

Gilat Satellite Networks Ltd. (NASDAQ: GILT) filed Form 144 disclosing a proposed insider sale of up to 15,701 ordinary shares, worth roughly $112,890 based on prevailing market prices. The shares equal about 0.03 % of the company’s 57.0 million shares outstanding and were acquired on 6 Jun 2023 via an employee stock-option exercise. The filer intends to execute the sale through Oppenheimer & Co. on or around 9 Jul 2025.

No other share sales were reported in the past three months. Form 144 is a notice of intent; the sale may or may not occur. Given the modest size relative to GILT’s float and daily trading volume, the filing is unlikely to have a material impact on share price, liquidity, or corporate control. Investors may nonetheless view recurring insider sales as a sentiment datapoint, but this single transaction appears routine.

Insights

Equity Analyst

TL;DR: Small Form 144 sale (0.03 % float) is immaterial; neutral on valuation or liquidity.

The planned divestiture of 15.7 k shares represents less than one-third of one percent of shares outstanding and under one day’s typical trading volume. Proceeds of roughly $113 k suggest a mid-level employee or director trimming, not a wholesale exit. Absent concurrent earnings revisions or strategic news, this notice should have minimal price impact. Monitor for pattern frequency; isolated sales carry little informational value.

Corporate Governance Specialist

TL;DR: Routine Rule 144 compliance; reflects sound disclosure, no governance red flags.

The filer followed Rule 144 pre-sale notification, reinforcing transparency. Shares stem from an employee option program, indicating standard compensation monetization. Lack of past-three-month sales reduces aggregation concerns. Because the stake is de-minimis, no influence on voting power or control arises. I see no governance risk beyond typical insider-selling optics.

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 shares	Oppenheimer 85 Broad St. New York NY 10004	15701	112890.19	57017032	07/09/2025	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	06/06/2023	Employee stock option plan	from the issuer			15701	07/09/2025	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

Why did Gilat Satellite Networks (GILT) file Form 144?

To disclose an insider’s intent to sell up to 15,701 ordinary shares under Rule 144 before the planned 9 Jul 2025 transaction.

How many GILT shares are insiders planning to sell?

The notice covers 15,701 shares, about 0.03 % of total shares outstanding.

What is the estimated value of the planned GILT share sale?

Aggregate market value is listed as $112,890.19.

When were the shares acquired and by what means?

Shares were acquired 6 Jun 2023 through an employee stock-option plan and will be sold for cash upon exercise.

Does the Form 144 guarantee the sale will occur?

No. Form 144 is a notice of intent; the insider may choose not to sell or may alter the amount.

Who is brokering the sale and on which exchange?

Oppenheimer & Co. will broker the trade on the NASDAQ exchange.

Have there been other insider sales recently?

The filer reported no sales in the past three months.