Gilat (NASDAQ: GILT) CLO details PSUs, options and 7,500 shares in Form 3

Rhea-AI Filing Summary

Gilat Satellite Networks Chief Legal Officer Doron Kerbel reported his initial ownership in a Form 3. He directly holds 7,500 Ordinary Shares. He also holds performance stock units that may convert into up to 18,750 and 3,750 Ordinary Shares, which vest annually from February 13, 2026 and March 16, 2026 based on performance and continued service. In addition, he holds stock options over 12,500 and 17,500 Ordinary Shares at an exercise price of $6.11, vesting between September 19, 2024 and February 28, 2028 and expiring as late as February 28, 2030. These entries describe existing equity awards and shares rather than new market transactions.

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

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1. Name and Address of Reporting Person^*

Kerbel Doron

(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)

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

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)
Ordinary Shares	7,500(1)	D

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
Performance Stock Unit (PSU)	02/13/2026(2)	(2)	Ordinary Shares	18,750	$0	D
Performance Stock Unit (PSU)	03/16/2026(3)	(3)	Ordinary Shares	3,750	$0	D
Stock Option (Right to Buy)	09/19/2024(4)	09/19/2028	Ordinary Shares	12,500	$6.11	D
Stock Option (Right to Buy)	02/28/2025(5)	02/28/2030	Ordinary Shares	17,500	$6.11	D

Explanation of Responses:

1. The shares reported herein were issued upon the vesting and settlement of previously granted performance stock units. Additional performance stock units held by the Reporting Person remain outstanding and are reported in Table II.

2. The performance stock units represent a contingent right to receive the Issuers ordinary shares upon the achievement of specified performance goals. The units vest in four equal annual installments (25% per year) commencing on 02/13/2026 subject to the Reporting Persons continued service through each vesting date. The number of shares ultimately issuable will depend on the level of performance achieved. The shares reported in Table II represent performance stock units that have not yet vested. Shares that have already vested and been issued are reported in Table I.

3. The performance stock units represent a contingent right to receive the Issuers ordinary shares upon the achievement of specified performance goals. The units vest in four equal annual installments (25% per year) commencing on 03/16/2026 subject to the Reporting Persons continued service through each vesting date. The number of shares ultimately issuable will depend on the level of performance achieved. The shares reported in Table II represent performance stock units that have not yet vested. Shares that have already vested and been issued are reported in Table I.

4. The Options vest 50% after two years (09/19/2024) and the remaining 50% vest in two equal annual installments thereafter, 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.

5. The Options vest in four equal annual installments (25% per year) commencing on 02/28/2025 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.

	Doron Kerbel 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 insider holdings did GILT Chief Legal Officer Doron Kerbel report on Form 3?

Doron Kerbel reported direct ownership of 7,500 Ordinary Shares, plus performance stock units and stock options tied to additional Ordinary Shares. These awards provide potential future equity, subject to vesting conditions and, for options, payment of the exercise price.

How many performance stock units does Doron Kerbel hold in Gilat Satellite Networks (GILT)?

He holds performance stock units linked to up to 18,750 and 3,750 Ordinary Shares. These units vest in four equal annual installments starting in 2026, and the final number of shares depends on achieving specified performance goals and continued service.

What stock options were reported for Doron Kerbel in the GILT Form 3 filing?

He reported stock options over 12,500 and 17,500 Ordinary Shares with a $6.11 exercise price. These options vest over several years starting in 2024 and 2025, and expire in 2028 and 2030, subject to continued service.

Do the performance stock units for GILT’s Chief Legal Officer vest immediately?

No, the performance stock units vest over time. They vest in four equal annual installments of 25% each, beginning on February 13, 2026 and March 16, 2026, and require both continued service and achievement of specified performance goals.

Are Doron Kerbel’s Gilat (GILT) stock options exercised on a cash or net basis?

The footnotes state his stock options will be exercised on a net exercise basis under the award agreements. Net exercise typically means fewer shares are issued after using some option value to cover the exercise cost and any applicable obligations.