Gilat (GILT) Chief People Officer details initial share, PSU and option holdings

Rhea-AI Filing Summary

Gilat Satellite Networks’ Chief People Officer, Lior Moyal, has filed an initial ownership report detailing his equity interests in the company. He directly holds 7,500 ordinary shares and several equity awards tied to future performance and service-based vesting.

The filing shows performance stock units that may convert into 18,750 ordinary shares, vesting in four equal annual installments beginning on February 13, 2026, and additional performance stock units for 3,750 shares vesting annually starting on March 16, 2026. The number of shares ultimately issued will depend on specified performance goals being met and continued service.

Moyal also holds stock options covering 7,500 ordinary shares at an exercise price of $5.6800 per share, vesting in four equal annual installments beginning on February 13, 2024 and expiring on February 13, 2029. These options are to be exercised on a net exercise basis under the award agreement.

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^*

Moyal Lior

(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 People 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	7,500(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	18,750	$0	D
Performance Stock Unit (PSU)	03/16/2026(3)	(3)	Ordinary Shares	3,750	$0	D
Stock Option (Right to Buy)	02/13/2024(4)	02/13/2029	Ordinary Shares	7,500	$5.68	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 in four equal annual installments (25% per year) commencing on 02/13/2024 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.

	Liora Moyal 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 Form 3 filing by Gilat (GILT) executive Lior Moyal show?

The Form 3 shows Chief People Officer Lior Moyal’s initial equity holdings in Gilat, including 7,500 ordinary shares, performance stock units tied to future performance, and stock options covering 7,500 shares at an exercise price of $5.6800 per share.

How many Gilat (GILT) ordinary shares does Lior Moyal directly hold?

Lior Moyal directly holds 7,500 ordinary shares of Gilat. This position is separate from his performance stock units and stock options, which represent additional potential future share issuances if vesting and performance conditions are satisfied.

What performance stock units does Gilat (GILT) CPO Lior Moyal report on Form 3?

Moyal reports performance stock units linked to 18,750 ordinary shares vesting annually from February 13, 2026 and units linked to 3,750 shares vesting from March 16, 2026. Actual shares issued will depend on achieving specified performance goals and continued service.

What are the key terms of Lior Moyal’s stock options at Gilat (GILT)?

Moyal holds stock options over 7,500 ordinary shares with an exercise price of $5.6800 per share, vesting in four equal annual installments starting on February 13, 2024, and expiring on February 13, 2029, using a net exercise mechanism.

How do Lior Moyal’s Gilat (GILT) performance stock units vest over time?

The performance stock units vest in four equal annual installments of 25% each. One grant begins vesting on February 13, 2026, and another on March 16, 2026, subject to meeting specified performance targets and the executive’s continued service.