Gilat R&D chief discloses equity holdings in Form 3
Gilat Satellite Networks Chief R&D Officer Aharon Mullokandov filed an initial ownership report showing equity-based compensation and shareholdings.
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.
Positive
- None.
Negative
- None.
Insider Trade Summary
5 transactions reported
Mixed
5 txns
Insider
Mullokandov Aharon
Role
Chief R&D Officer
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| holding | Performance Stock Unit (PSU) | -- | -- | -- |
| holding | Performance Stock Unit (PSU) | -- | -- | -- |
| holding | Stock Option (Right to Buy) | -- | -- | -- |
| holding | Stock Option (Right to Buy) | -- | -- | -- |
| holding | Ordinary Shares | -- | -- | -- |
Holdings After Transaction:
Performance Stock Unit (PSU) — 27,000 contracts (Direct);
Stock Option (Right to Buy) — 47,500 contracts (Direct);
Ordinary Shares — 1,500 shares (Direct)
Footnotes (5)
- F1. 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.
- F2. 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.
- F3. 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.
- F4. 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.
- F5. 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.
FAQ
AI-generated questions and answers. How Rhea-AI works. Not financial advice.
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.
AI-generated analysis. How Rhea-AI works. Not financial advice.
