Gilat Satellite (NASDAQ: GILT) director reports options on 8,334 shares

Rhea-AI Filing Summary

Gilat Satellite Networks Ltd. director Ofek Amir Yechiel reported his initial beneficial ownership on a Form 3. He holds a stock option giving the right to buy 8,334 Ordinary Shares at an exercise price of $6.15 per share. The option vests in twelve equal quarterly installments starting on September 15, 2023, subject to continued service, and expires on June 15, 2029. The award is structured to be exercised on a net exercise basis under its agreement.

Insider Trade Summary

1 transaction reported

Mixed 1 txn

Insider Ofek Amir Yechiel

Role Director

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

Holdings After Transaction: Stock Option (Right to Buy) — 8,334 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

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1. Name and Address of Reporting Person^*

Ofek Amir Yechiel

(Last) (First) (Middle)

21 YEGIA 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)

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)	09/15/2023(1)	06/15/2029	Ordinary Shares	8,334	$6.15	D

Explanation of Responses:

1. The Options vest in twelve equal quarterly installments commencing on 09/15/2023 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.

	Amir Ofek 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 did Ofek Amir Yechiel report on his Form 3 for GILT?

He reported initial beneficial ownership of a stock option to acquire 8,334 Ordinary Shares of Gilat Satellite Networks Ltd. The option is reported as a direct holding and represents his derivative equity position as a company director.

How many shares can Ofek Amir Yechiel acquire under his GILT stock option?

The stock option covers 8,334 underlying Ordinary Shares of Gilat Satellite Networks Ltd. These shares are not currently owned outright; they can be acquired by exercising the option according to its vesting and expiration terms.

What is the exercise price and term of Ofek Amir Yechiel’s GILT option?

The stock option has an exercise price of $6.15 per Ordinary Share and expires on June 15, 2029. This defines the price at which he can purchase shares and the final date the option can be exercised.

How do Ofek Amir Yechiel’s GILT options vest over time?

The options vest in twelve equal quarterly installments beginning on September 15, 2023. Each installment requires his continued service with Gilat Satellite Networks Ltd. or its subsidiaries through the relevant vesting date to become exercisable.

What does net exercise basis mean for Ofek Amir Yechiel’s GILT options?

Net exercise means the option will be settled by delivering fewer shares instead of requiring cash payment for the exercise price. The company withholds enough shares to cover the exercise cost, and he receives the remaining shares under the award terms.

Is Ofek Amir Yechiel’s GILT option held directly or indirectly?

The Form 3 indicates the stock option is held as a direct ownership position. There is no reference to trusts, partnerships, or other entities, so the holding is attributed directly to Ofek Amir Yechiel as the reporting person.