Gilat (GILT) director details 6,000-share option grant vesting quarterly

Rhea-AI Filing Summary

Gilat Satellite Networks Ltd director Aylon Rafaeli filed an initial ownership report showing a stock option award over 6,000 underlying ordinary shares. The option has an exercise price of 5.8400 and expires on March 9, 2029.

The options vest in twelve equal quarterly installments starting June 9, 2023, contingent on Rafaeli’s continued service with the company or its subsidiaries on each vesting date. The award is structured to be exercised on a net exercise basis under the terms of the option agreement.

SEC Form 3

FORM 3

UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

INITIAL STATEMENT OF BENEFICIAL OWNERSHIP OF SECURITIES

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934
or Section 30(h) of the Investment Company Act of 1940

OMB APPROVAL

OMB Number:			3235-0104
Estimated average burden
hours per response:			0.5

1. Name and Address of Reporting Person^*

Rafaeli Aylon

(Last) (First) (Middle)

21 YEGIA KAPAYIM STREET

(Street)

PETAH TIKVA

(City) (State) (Zip)

ISRAEL

(Country)

2. Date of Event Requiring Statement (Month/Day/Year)
03/18/2026

3. Issuer Name and Ticker or Trading Symbol
GILAT SATELLITE NETWORKS LTD [ GILT ]

3a. Foreign Trading Symbol

5. If Amendment, Date of Original Filed (Month/Day/Year)

4. Relationship of Reporting Person(s) to Issuer
(Check all applicable)

X	Director		10% Owner
	Officer (give title below)		Other (specify below)

6. Individual or Joint/Group Filing (Check Applicable Line)

X	Form filed by One Reporting Person
	Form filed by More than One Reporting Person

Table I - Non-Derivative Securities Beneficially Owned
1. Title of Security (Instr. 4)	2. Amount of Securities Beneficially Owned (Instr. 4)	3. Ownership Form: Direct (D) or Indirect (I) (Instr. 5)	4. Nature of Indirect Beneficial Ownership (Instr. 5)

Table II - Derivative Securities Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 4)	2. Date Exercisable and Expiration Date (Month/Day/Year)		3. Title and Amount of Securities Underlying Derivative Security (Instr. 4)		4. Conversion or Exercise Price of Derivative Security	5. Ownership Form: Direct (D) or Indirect (I) (Instr. 5)	6. Nature of Indirect Beneficial Ownership (Instr. 5)
	Date Exercisable	Expiration Date	Title	Amount or Number of Shares
Stock Option (Right to Buy)	06/09/2023(1)	03/09/2029	Ordinary Shares	6,000	$5.84	D

Explanation of Responses:

1. The Options vest in twelve equal quarterly installments commencing on 06/09/2023 subject to the Reporting Person's continued service to the Company or its subsidiaries through each vesting date, and will be exercised on a net exercise basis pursuant to the terms of the award agreement.

Remarks:

This Form 3 is being filed to report the Reporting Person beneficial ownership of securities of the Issuer as of the date the Reporting Person became subject to the reporting requirements of Section 16 of the Securities Exchange Act of 1934.

	Aylon (Lonny) Rafaeli by: Oppenheimer Israel, as Attorney-in-fact	03/18/2026
	** Signature of Reporting Person	Date
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* If the form is filed by more than one reporting person, see Instruction 5 (b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB Number.
* Form 3: SEC 1473 (03-26)

FAQ

What did Gilat Satellite Networks (GILT) disclose about Aylon Rafaeli in this Form 3?

The Form 3 shows director Aylon Rafaeli holding a stock option over 6,000 ordinary shares of Gilat Satellite Networks. It lists the option’s exercise price, expiration date, vesting schedule, and confirms this is an initial ownership disclosure, not a new market transaction.

How many Gilat (GILT) shares are covered by Aylon Rafaeli’s stock option?

The reported stock option held by Aylon Rafaeli covers 6,000 underlying ordinary shares of Gilat Satellite Networks. This figure is disclosed as the underlying security amount tied to the option, giving investors a clear view of the director’s equity-linked incentive position.

What are the key terms of Aylon Rafaeli’s Gilat (GILT) stock option?

Rafaeli’s stock option has an exercise price of 5.8400 and an expiration date of March 9, 2029. It relates to 6,000 ordinary shares and will be exercised on a net exercise basis, as specified in the award agreement referenced in the disclosure.

How does Aylon Rafaeli’s Gilat (GILT) stock option vest over time?

The option vests in twelve equal quarterly installments beginning on June 9, 2023. Each vesting installment is conditioned on Rafaeli’s continued service with Gilat Satellite Networks or its subsidiaries through the applicable vesting date, aligning vesting with ongoing board involvement.

Does the Gilat (GILT) Form 3 show any stock purchases or sales by Aylon Rafaeli?

The Form 3 does not report stock purchases or sales by Rafaeli. It records a holding entry for a stock option over 6,000 ordinary shares, detailing strike price, vesting schedule, and expiration, rather than documenting open-market buying or selling activity.