Gilat (NASDAQ: GILT) officer details shares, PSUs and option grants

Rhea-AI Filing Summary

GILAT SATELLITE NETWORKS LTD officer Gilad Landsberg filed an initial statement of beneficial ownership, showing a mix of ordinary shares, performance stock units (PSUs) and stock options. He holds 5,192 ordinary shares and PSUs linked to up to 26,250 and 5,250 ordinary shares, which vest annually based on performance goals starting on 02/13/2026 and 03/16/2026, subject to continued service. He also holds stock options over 60,000 ordinary shares at an exercise price of $5.53 per share, expiring in 2029, with vesting beginning on 06/06/2025 in staged installments.

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^*

Landsberg Gilad

(Last) (First) (Middle)

21 YEEGIA KAPAYIM STREET

(Street)

PETAH TIKVA L3 00000

(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 Defense Divis

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	5,192(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)	06/06/2025(4)	06/06/2029	Ordinary Shares	60,000	$5.53	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 50% after two years (06/06/2025) 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.

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.

	Gilad Landsberg 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 Gilad Landsberg report in this Form 3 for GILT?

Gilad Landsberg reports his initial equity holdings in Gilat Satellite Networks. He lists ordinary shares, performance stock units tied to performance goals, and stock options over ordinary shares, providing a baseline of his equity-based compensation position as an officer.

How many Gilat (GILT) ordinary shares does Gilad Landsberg hold?

Gilad Landsberg directly holds 5,192 ordinary shares of Gilat Satellite Networks. In addition, he has performance stock units and stock options that are linked to further ordinary shares, subject to future vesting conditions and, for options, payment of the exercise price.

What performance stock units (PSUs) does Gilad Landsberg hold in GILT?

He holds PSUs linked to 26,250 and 5,250 ordinary shares, each representing a contingent right to shares. These units vest in four equal annual installments of 25% starting on 02/13/2026 and 03/16/2026, contingent on performance goals and continued service.

What are the terms of Gilad Landsberg’s stock options in Gilat (GILT)?

Landsberg holds stock options over 60,000 ordinary shares with a $5.53 exercise price, expiring on 06/06/2029. The options vest 50% on 06/06/2025 and the remaining 50% in two equal annual installments, with net exercise as specified in the award agreement.

Does this Gilat (GILT) Form 3 show Gilad Landsberg buying or selling shares?

The Form 3 presents holdings, not explicit purchases or sales. It summarizes Landsberg’s existing ordinary shares, performance stock units and stock options as his starting beneficial ownership position, without identifying open-market buy or sell transactions.

How are Gilad Landsberg’s PSUs in GILT structured for vesting and performance?

The PSUs represent contingent rights to ordinary shares, vesting in four equal annual installments of 25% beginning on 02/13/2026 or 03/16/2026. Vesting depends on meeting specified performance goals and the officer’s continued service through each vesting date.