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Gilat (NASDAQ: GILT) executive details stock, PSU and option holdings

Filing Impact
(Neutral)
Filing Sentiment
(Neutral)
Form Type
3

Rhea-AI Filing Summary

GILAT SATELLITE NETWORKS LTD executive Ron Levin, President of Gilat Commercial Division, reported his initial equity holdings. He directly holds 1,750 ordinary shares and several equity awards linked to the company’s stock.

Levin holds performance stock units representing 26,250 and 5,250 underlying ordinary shares that vest in four equal annual installments of 25% starting on 02/13/2026 and 03/16/2026, subject to continued service and achievement of specified performance goals. He also holds stock options over 12,500 ordinary shares at an exercise price of $5.6800 per share, vesting 25% per year starting on 02/13/2024 and expiring on 02/13/2029, to be exercised on a net exercise basis.

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Insider Levin Ron
Role President, Gilat Commercial Di
Type Security Shares Price Value
holding Performance Stock Unit (PSU) -- -- --
holding Performance Stock Unit (PSU) -- -- --
holding Stock Option (Right to Buy) -- -- --
holding Ordinary Shares -- -- --
Holdings After Transaction: Performance Stock Unit (PSU) — 26,250 shares (Direct); Stock Option (Right to Buy) — 12,500 shares (Direct); Ordinary Shares — 1,750 shares (Direct)
Footnotes (1)
  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. The performance stock units represent a contingent right to receive the Issuer's 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 Person's 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. The performance stock units represent a contingent right to receive the Issuer's 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 Person's 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. The Options vest in four equal annual installments (25% per year) commencing on 02/13/2024 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.
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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*
Levin Ron
(Last) (First) (Middle)
21 YEGIA KAPAYIM STREET
(Street)
PETAH TIKVA L3 4913020
(City) (State) (Zip)
2. Date of Event Requiring Statement (Month/Day/Year)
03/17/2026 		3. Issuer Name and Ticker or Trading Symbol
GILAT SATELLITE NETWORKS LTD [ GILT ]
4. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
Director 10% Owner
X Officer (give title below) Other (specify below)
President, Gilat Commercial Di
5. If Amendment, Date of Original Filed (Month/Day/Year)
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 1,750(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 26,250 $0 D
Performance Stock Unit (PSU) 03/16/2026(3) (3) Ordinary Shares 5,250 $0 D
Stock Option (Right to Buy) 02/13/2024(4) 02/13/2029 Ordinary Shares 12,500 $5.68 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 Issuer's 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 Person's 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 Issuer's 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 Person's 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 in four equal annual installments (25% per year) commencing on 02/13/2024 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.
Ron Levin by: Oppenheimer Israel, as Attorney-in-fact 03/17/2026
** 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.

Source: View Original Filing on SEC EDGAR

FAQ

What does Ron Levin’s Form 3 for GILT report?

The Form 3 shows Ron Levin’s initial equity holdings in Gilat Satellite Networks. He reports direct ownership of ordinary shares plus performance stock units and stock options that may convert into additional shares if vesting and performance conditions are met.

How many Gilat (GILT) ordinary shares does Ron Levin currently hold directly?

Ron Levin directly holds 1,750 ordinary shares of Gilat Satellite Networks. This is separate from his performance stock units and stock options, which represent potential future shares subject to vesting schedules and, for options, payment of the exercise price.

What performance stock units does Ron Levin report in Gilat (GILT)?

Ron Levin reports performance stock units tied to 26,250 and 5,250 underlying ordinary shares. These units vest 25% per year starting on 02/13/2026 and 03/16/2026, contingent on continued service and achievement of specified performance goals.

What are the key terms of Ron Levin’s Gilat (GILT) stock options?

Levin holds stock options over 12,500 Gilat ordinary shares at an exercise price of $5.6800 per share. The options vest in four equal annual installments starting on 02/13/2024 and expire on 02/13/2029, with exercise on a net exercise basis.

Are Ron Levin’s Gilat (GILT) performance stock units fully vested?

No, the reported performance stock units have not fully vested. They vest in four equal annual installments of 25% starting on 02/13/2026 and 03/16/2026, and the number of shares ultimately issuable depends on the level of performance achieved.

Does the Form 3 for GILT show any insider buying or selling by Ron Levin?

The Form 3 reflects holdings rather than new market transactions. It lists Ron Levin’s direct ordinary shares, performance stock units, and stock options as of the reporting date, without indicating open-market purchases or sales in this filing.