Gilat (GILT) officer Hagay Katz details share, PSU and option holdings

Rhea-AI Filing Summary

Gilat Satellite Networks executive Hagay Katz, Chief Product and Marketing Officer, reported his equity holdings in the company. He directly holds 6,000 Ordinary Shares, plus performance-based awards and stock options that could convert into additional shares over time.

He holds performance stock units tied to 15,000 underlying Ordinary Shares that vest in four annual 25% installments starting on 02/13/2026, and additional units tied to 3,000 underlying shares vesting annually from 03/16/2026, in each case subject to continued service and achievement of specified performance goals. Katz also holds stock options over 12,500 Ordinary Shares with a $5.68 exercise price, vesting in four equal annual installments beginning 02/13/2024 and expiring on 02/13/2029, which will be exercised on a net exercise basis. This filing describes existing and potential future equity, not new open‑market purchases or sales.

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^*

Katz Hagay

(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 Product and Marketing Of

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	6,000(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	15,000	$0	D
Performance Stock Unit (PSU)	03/16/2026(3)	(3)	Ordinary Shares	3,000	$0	D
Stock Option (Right to Buy)	02/13/2024(4)	02/13/2029	Ordinary Shares	12,500	$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.

	Hagay Katz 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 insider holdings did Hagay Katz report in Gilat Satellite Networks (GILT)?

Hagay Katz reported 6,000 Ordinary Shares held directly, plus performance stock units and stock options linked to additional Ordinary Shares. These derivative awards can convert into shares over time if vesting and performance conditions described in the filing are satisfied.

How many performance stock units does Hagay Katz hold in GILT and how do they vest?

Katz holds performance stock units tied to 15,000 underlying Ordinary Shares vesting 25% annually from 02/13/2026, and units tied to 3,000 shares vesting 25% annually from 03/16/2026. Vesting depends on continued service and achievement of specified performance goals.

What stock options were reported by Hagay Katz at Gilat Satellite Networks (GILT)?

Katz reported stock options over 12,500 Ordinary Shares with a $5.68 exercise price. These options vest in four equal annual installments starting 02/13/2024, expire on 02/13/2029, and are structured to be exercised on a net exercise basis under the award agreement.

Do the performance stock units reported by Hagay Katz in GILT represent guaranteed shares?

The performance stock units are contingent rights, not guaranteed shares. They convert into Ordinary Shares only if specified performance goals are achieved and Katz remains in service through each vesting date. The final number of issuable shares depends on performance levels.

Does the Hagay Katz Form 3 show any open-market buying or selling of GILT shares?

The Form 3 describes existing share and award holdings rather than open‑market trades. It lists directly held Ordinary Shares, performance stock units, and stock options, but does not report any explicit buy or sell transactions in the company’s stock during the reported period.

How are already vested performance stock units for GILT reported for Hagay Katz?

Footnotes explain that vested performance stock units that have already settled into Ordinary Shares appear as shares in Table I. Unvested performance stock units remain in Table II until they vest and convert, reflecting the distinction between current and potential future share ownership.