Gilat (NASDAQ: GILT) CEO sells 48,978 shares under Rule 10b5-1 plan

Rhea-AI Filing Summary

Gilat Satellite Networks CEO Adi Sfadia reported a combination of option exercise and share sales in Ordinary Shares of GILT. He exercised 6,010 stock options at an exercise price of $5.68 per share on a net basis, with shares withheld to cover the aggregate exercise price. This resulted in the issuance of 3,978 Ordinary Shares, all of which were sold the same day.

In total, Sfadia sold 48,978 Ordinary Shares in open‑market transactions at a weighted average price of $16.8498 per share. The sales were carried out under a Rule 10b5-1 trading plan adopted on December 17, 2025, indicating they were pre‑scheduled rather than opportunistic. After these transactions, the reported line for directly held Ordinary Shares shows 0 shares.

Insights

Equity compensation and insider-trading analyst

CEO executed a pre-planned exercise-and-sell, fully disposing of reported direct Ordinary Shares.

The CEO of Gilat Satellite Networks exercised 6,010 stock options at an exercise price of $5.68, using a net exercise where some shares were withheld to fund the cost. This yielded 3,978 Ordinary Shares, which were immediately sold.

Across three open-market transactions, he sold a total of 48,978 Ordinary Shares at a weighted average price of $16.8498 per share. The filing notes these sales were made under a Rule 10b5-1 trading plan adopted on December 17, 2025, suggesting a routine, pre-arranged liquidity event rather than discretionary timing.

The final table entry for direct Ordinary Share holdings shows 0 shares after the sales, indicating the reported direct position in this class was fully sold. There are no remaining derivative positions listed in the derivative summary; future company filings may clarify any other indirect or separate holdings not visible here.

SEC Form 4

FORM 4

UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP

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

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Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).

Check this box to indicate that a transaction was made pursuant to a contract, instruction or written plan for the purchase or sale of equity securities of the issuer that is intended to satisfy the affirmative defense conditions of Rule 10b5-1(c). See Instruction 10.

1. Name and Address of Reporting Person^*

Sfadia Adi

(Last) (First) (Middle)

21 YEGIA KAPAYIM STREET

(Street)

PETAH TIKVA

(City) (State) (Zip)

ISRAEL

(Country)

2. Issuer Name and Ticker or Trading Symbol
GILAT SATELLITE NETWORKS LTD [ GILT ]

5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)

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

2a. Foreign Trading Symbol

3. Date of Earliest Transaction (Month/Day/Year)
03/18/2026

6. Individual or Joint/Group Filing (Check Applicable Line)

X	Form filed by One Reporting Person
	Form filed by More than One Reporting Person

4. If Amendment, Date of Original Filed (Month/Day/Year)

Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1. Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	3. Transaction Code (Instr. 8)		4. Securities Acquired (A) or Disposed Of (D) (Instr. 3, 4 and 5)			5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4)	6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)
			Code	V	Amount	(A) or (D)	Price
Ordinary Shares	03/18/2026		S(1)		3,978(2)	D	$16.8498(3)	45,000	D
Ordinary Shares	03/18/2026		S(1)		37,500(4)	D	$16.8498(3)	7,500	D
Ordinary Shares	03/18/2026		S(1)		7,500(4)	D	$16.8498(3)	0	D

Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 3)	2. Conversion or Exercise Price of Derivative Security	3. Transaction Date (Month/Day/Year)	3A. Deemed Execution Date, if any (Month/Day/Year)	4. Transaction Code (Instr. 8)		5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5)		6. Date Exercisable and Expiration Date (Month/Day/Year)		7. Title and Amount of Securities Underlying Derivative Security (Instr. 3 and 4)		8. Price of Derivative Security (Instr. 5)	9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4)	10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)
				Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares
Stock Option (Right to Buy)	$5.68	03/18/2026		M(5)			6,010	02/13/2024	02/13/2029	Ordinary Shares	6,010	$0	25,000	D

Explanation of Responses:

1. The sales reported on this Form 4 were effectuated pursuant to a Rule 10b5-1 trading plan adopted by the Reporting Person on December 17, 2025

2. The reporting person exercised stock options on a net basis. Shares were withheld to cover the exercise price, resulting in the issuance of 3,978 shares, all of which were sold on the same day.

3. The price reported is a weighted average price. The reporting person undertakes to provide full information, regarding the number of shares and prices at which the transaction was effectuated, upon request.

4. Represents shares received upon the vesting of Performance Stock Units granted on 02/13/2025.

5. The reporting person exercised 6,010 stock options on a net basis. Shares were withheld to cover the aggregate exercise price, resulting in the issuance of 3,978 shares. All shares received upon exercise were sold on the same day, as reported in Table I.

	Adi Sfadia by: Oppenheimer Israel, as Attorney-in-fact	03/19/2026
	** 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 4 (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.
* Form 4: SEC 1474 (03-26)

FAQ

What did Gilat (GILT) CEO Adi Sfadia report in this Form 4?

CEO Adi Sfadia reported an option exercise and related share sales. He exercised 6,010 stock options at $5.68 per share on a net basis, then sold 48,978 Ordinary Shares at a weighted average price of $16.8498 per share.

How many Gilat (GILT) shares did the CEO sell and at what price?

The CEO sold a total of 48,978 Ordinary Shares of Gilat. These open-market transactions occurred at a weighted average price of $16.8498 per share, according to the Form 4, with pricing details available upon request from the reporting person.

Was the Gilat (GILT) CEO’s share sale made under a Rule 10b5-1 plan?

Yes. The filing states the sales were effectuated under a Rule 10b5-1 trading plan adopted on December 17, 2025. Such plans pre-schedule trades, indicating these dispositions were planned rather than timed in response to short-term market developments.

What did the Gilat (GILT) CEO’s option exercise involve?

He exercised 6,010 stock options for Ordinary Shares at an exercise price of $5.68 per share. The exercise was done on a net basis, with some shares withheld to cover the aggregate exercise price, resulting in 3,978 shares issued and then sold.

How many Gilat (GILT) shares did the CEO hold after these transactions?

For the reported direct holdings of Ordinary Shares, the final table line shows 0 shares following the sales. The derivative summary lists no remaining derivative positions; other indirect or separate holdings, if any, are not detailed in this specific data.

What does a net exercise mean in the Gilat (GILT) CEO’s Form 4?

A net exercise means some option shares are withheld to pay the exercise cost. Here, exercising 6,010 options at $5.68 led to issuance of 3,978 shares, with the difference used to cover the aggregate exercise price before those shares were sold.