Gilat Satellite Networks (GILT) R&D chief reports options and PSU awards

Rhea-AI Filing Summary

Gilat Satellite Networks Chief R&D Officer Aharon Mullokandov filed an initial ownership report showing equity-based compensation and shareholdings. He holds performance stock units tied to up to 22,500 and 4,500 underlying ordinary shares, vesting in four equal annual installments starting on 02/13/2026 and 03/16/2026, subject to continued service and performance. He also holds stock options over 30,000 ordinary shares at an exercise price of $7.05 expiring on 05/15/2028, and 17,500 shares at $6.11 expiring on 02/28/2030, plus 1,500 directly owned ordinary shares.

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^*

Mullokandov Aharon

(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)
	Chief R&D Officer

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	1,500(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	22,500	$0	D
Performance Stock Unit (PSU)	03/16/2026(3)	(3)	Ordinary Shares	4,500	$0	D
Stock Option (Right to Buy)	05/15/2024(4)	05/15/2028	Ordinary Shares	30,000	$7.05	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 ywo years (05/15/2024) and the reamining 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.

	Aharon Mullokandov 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.

FAQ

What does the Gilat Satellite Networks (GILT) Form 3 filing show for Aharon Mullokandov?

The Form 3 shows Chief R&D Officer Aharon Mullokandov’s initial equity holdings, including performance stock units, stock options, and ordinary shares, outlining his existing ownership and compensation-linked incentives in Gilat Satellite Networks.

How many performance stock units does Gilat’s R&D chief report in the Form 3?

Aharon Mullokandov reports performance stock units linked to 22,500 and 4,500 underlying ordinary shares. These units vest in four equal annual installments starting in 2026, subject to continued service and achievement of specified performance goals.

What stock options are disclosed for Gilat Satellite Networks officer Mullokandov?

He holds options over 30,000 ordinary shares at an exercise price of $7.05 expiring May 15, 2028, and options over 17,500 shares at $6.11 expiring February 28, 2030, all as direct holdings in Gilat Satellite Networks.

When do Aharon Mullokandov’s performance stock units at GILT begin vesting?

The performance stock units begin vesting in four equal annual installments starting on February 13, 2026, and March 16, 2026. Vesting depends on his continued service and the achievement of specified performance goals set by Gilat Satellite Networks.

Does the Gilat (GILT) Form 3 show any insider buying or selling activity?

The Form 3 functions as an initial ownership report and does not show explicit buy or sell transactions. It lists existing holdings of performance stock units, stock options, and ordinary shares held directly by the Chief R&D Officer.

How many ordinary shares does Gilat’s Chief R&D Officer directly own according to the Form 3?

According to the Form 3, Aharon Mullokandov directly owns 1,500 ordinary shares of Gilat Satellite Networks. Additional exposure comes from his performance stock units and stock options tied to underlying ordinary shares of the company.