Gilat (NASDAQ: GILT) director discloses 50,000 stock options in Form 3

Rhea-AI Filing Summary

Gilat Satellite Networks Ltd director Hilla Haddad Chmelnik reported initial holdings of stock options in a Form 3. These options give the right to buy 50,000 Ordinary Shares at an exercise price of $9.2400 per share. They vest in twelve equal quarterly installments starting on November 15, 2025, as long as she continues serving the company or its subsidiaries on each vesting date, and are set to expire on August 15, 2031. The options will be exercised on a net exercise basis under the award agreement and are reported as directly owned.

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^*

Haddad Chmelnik Hilla

(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)	11/15/2025(1)	08/15/2031	Ordinary Shares	50,000	$9.24	D

Explanation of Responses:

1. The Options vest in twelve equal quarterly installments commencing on 11/15/2025 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.

	Hilla Haddad Chmelnik 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.
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FAQ

What insider position is reported for GILT in this Form 3?

The filing shows director Hilla Haddad Chmelnik holding stock options on 50,000 Ordinary Shares. These options are reported as directly owned and represent her initial derivative position disclosed to the market in this Form 3.

What are the key terms of Hilla Haddad Chmelnik’s stock options at Gilat (GILT)?

The options cover 50,000 Ordinary Shares with an exercise price of $9.2400 per share. They use a net exercise mechanism under the award agreement, affecting how many shares are ultimately issued upon exercise.

How do the Gilat (GILT) director’s options vest over time?

The options vest in twelve equal quarterly installments beginning on November 15, 2025. Vesting depends on Hilla Haddad Chmelnik’s continued service to Gilat Satellite Networks Ltd or its subsidiaries through each scheduled vesting date.

When do the reported Gilat (GILT) stock options expire?

The stock options reported in the Form 3 expire on August 15, 2031. After this expiration date, any unexercised portion of the 50,000-option grant will no longer be exercisable for Gilat Satellite Networks Ltd Ordinary Shares.

What does net exercise mean for the Gilat (GILT) director’s options?

Net exercise means the options will be settled by issuing fewer shares instead of requiring cash payment of the exercise price. The company withholds a portion of shares equal in value to the exercise cost, delivering only the remaining shares to the holder.