Gilat Satellite Networks (GILT) director holds 50,000 stock options at $5.85

Rhea-AI Filing Summary

Gilat Satellite Networks Ltd. director Ami Shafran reported holding a stock option to buy 50,000 Ordinary Shares at an exercise price of $5.8500 per share. The option vests in twelve equal quarterly installments commencing on 08/09/2024, subject to his continued service, and expires on 05/09/2030. The award will be exercised on a net exercise basis under the terms of the option agreement.

Insider Trade Summary

1 transaction reported

Mixed 1 txn

Insider Shafran Ami

Role Director

Type	Security	Shares	Price	Value
holding	Stock Option (Right to Buy)	--	--	--

Holdings After Transaction: Stock Option (Right to Buy) — 50,000 shares (Direct)

Footnotes (1)

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Understanding Insider Trading Forms →

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
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1. Name and Address of Reporting Person^*

Shafran Ami

(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)

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

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)

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
Stock Option (Right to Buy)	08/09/2024(1)	05/09/2030	Ordinary Shares	50,000	$5.85	D

Explanation of Responses:

1. The Options vest in twelve equal quarterly installments commencing on 08/09/2024 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.

	Ami Shafran 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 stock options does Gilat Satellite Networks (GILT) director Ami Shafran hold?

Ami Shafran holds a stock option covering 50,000 Ordinary Shares of Gilat Satellite Networks Ltd. The option has an exercise price of $5.8500 per share and represents a right to buy, not current share ownership.

What is the vesting schedule of Ami Shafran’s Gilat (GILT) stock options?

The options vest in twelve equal quarterly installments commencing on 08/09/2024. Each quarter, a portion becomes exercisable, provided Shafran continues to serve Gilat Satellite Networks Ltd. or its subsidiaries through each vesting date, as specified in the award terms.

When do Ami Shafran’s Gilat (GILT) stock options expire?

The stock options held by Ami Shafran expire on 05/09/2030. After that expiration date, any unexercised portion of the 50,000-share option at the $5.8500 exercise price will lapse according to the option agreement.

How will Ami Shafran’s Gilat (GILT) stock options be exercised?

The options will be exercised on a net exercise basis under the award agreement. In a net exercise, only a portion of the underlying 50,000 Ordinary Shares is issued, with the remainder effectively used to cover the exercise cost and any applicable obligations.

Are Ami Shafran’s Gilat (GILT) stock options a direct holding?

Yes, the filing shows the stock option as a direct holding. It covers 50,000 underlying Ordinary Shares at an exercise price of $5.8500, subject to quarterly vesting beginning on 08/09/2024 and expiring on 05/09/2030.