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Gilat Satellite Networks Ltd. (GILT) is the issuer whose ordinary shares are covered by amended beneficial-ownership reports from Migdal Insurance & Financial Holdings Ltd. and Migdal Sal Domestic Equities. As of November 5, 2026, Migdal Insurance & Financial Holdings reported beneficial ownership of 5,824,721 shares, or 7.56%, with shared voting and dispositive power. Migdal Sal Domestic Equities reported 4,960,282 shares, or 6.44%, also with shared voting and dispositive power. The ownership breakdown also lists 864,439 shares, or 1.12%, as beneficially owned by Migdal Mutual Funds Ltd. The percentages are based on 77,029,657 ordinary shares outstanding as of November 5, 2026, as reported on Bloomberg LP.
Key Figures
Migdal Insurance & Financial Holdings beneficial ownership:5,824,721 sharesMigdal Sal Domestic Equities beneficial ownership:4,960,282 sharesMigdal Mutual Funds beneficial ownership:864,439 shares+1 more
4 metrics
Migdal Insurance & Financial Holdings beneficial ownership5,824,721 shares7.56% of the class as of November 5, 2026
Migdal Sal Domestic Equities beneficial ownership4,960,282 shares6.44% of the class as of November 5, 2026
Migdal Mutual Funds beneficial ownership864,439 shares1.12% of the class as of November 5, 2026
Ordinary shares outstanding77,029,657 sharesAs of November 5, 2026; reported on Bloomberg LP
"the beneficial ownership of the securities reported herein"
Beneficial ownership means the person or entity that actually enjoys the benefits of owning shares or other assets — such as receiving dividends, voting rights, or price gains — even if the legal title is held in another name. For investors it matters because knowing who truly controls and profits from a company reveals who can influence decisions, exposes potential conflicts of interest or hidden concentration of power, and affects transparency and risk in the stock.
shared voting powerregulatory
"Shared Voting Power 5,824,721.00"
Shared voting power occurs when two or more parties jointly have the right to vote or decide how a block of company shares is cast, like co-owners who must agree before moving a piece of furniture. Investors care because who controls voting rights affects board elections, major corporate decisions and takeover outcomes, and shared control can alter regulatory disclosures and the practical influence any holder has over a company’s direction and value.
shared dispositive powerregulatory
"Shared Dispositive Power 5,824,721.00"
pecuniary interestregulatory
"disclaims any beneficial ownership ... in excess of their actual pecuniary interest"
FAQ
AI-generated questions and answers. How Rhea-AI works. Not financial advice.
How many GILT shares did Migdal Insurance & Financial Holdings report?
Migdal Insurance & Financial Holdings Ltd. reported beneficial ownership of 5,824,721 GILT ordinary shares, or 7.56%, as of November 5, 2026. It reported shared voting and dispositive power over that amount. The percentage is based on 77,029,657 ordinary shares outstanding, as reported on Bloomberg LP.
Which entities held the shares in Migdal's GILT ownership report?
The statement says the reported securities were beneficially owned by various direct or indirect, majority- or wholly-owned subsidiaries, including Migdal Insurance Company Ltd., Migdal Sal Domestic Equities, Migdal Makefet Pension & Provident Funds Ltd., and Migdal Mutual Funds Ltd. It says each subsidiary makes its own independent voting and investment decisions.
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
SCHEDULE 13G
UNDER THE SECURITIES EXCHANGE ACT OF 1934
(Amendment No. 2)
Gilat Satellite Networks Ltd
(Name of Issuer)
Ordinary Shares, NIS 0.20 nominal value
(Title of Class of Securities)
M51474118
(CUSIP Number)
11/05/2026
(Date of Event Which Requires Filing of this Statement)
Check the appropriate box to designate the rule pursuant to which this Schedule is filed:
Rule 13d-1(b)
Rule 13d-1(c)
Rule 13d-1(d)
schemaVersion:
SCHEDULE 13G
CUSIP Number(s):
M51474118
1
Names of Reporting Persons
Migdal Insurance & Financial Holdings Ltd
2
Check the appropriate box if a member of a Group (see instructions)
(a)
(b)
3
Sec Use Only
4
Citizenship or Place of Organization
ISRAEL
Number of Shares Beneficially Owned by Each Reporting Person With:
5
Sole Voting Power
0.00
6
Shared Voting Power
5,824,721.00
7
Sole Dispositive Power
0.00
8
Shared Dispositive Power
5,824,721.00
9
Aggregate Amount Beneficially Owned by Each Reporting Person
5,824,721.00
10
Check box if the aggregate amount in row (9) excludes certain shares (See Instructions)
11
Percent of class represented by amount in row (9)
7.56 %
12
Type of Reporting Person (See Instructions)
CO
Comment for Type of Reporting Person: With regard to rows (6), (8), (9) and (11), the beneficial ownership of the securities reported herein is described in Item 4(a).
Row (11) is Based on 77,029,657 Ordinary Shares outstanding as of November 5, 2026 (as reported on Bloomberg LP).
SCHEDULE 13G
CUSIP Number(s):
M51474118
1
Names of Reporting Persons
Migdal Sal Domestic Equities
2
Check the appropriate box if a member of a Group (see instructions)
(a)
(b)
3
Sec Use Only
4
Citizenship or Place of Organization
ISRAEL
Number of Shares Beneficially Owned by Each Reporting Person With:
5
Sole Voting Power
0.00
6
Shared Voting Power
4,960,282.00
7
Sole Dispositive Power
0.00
8
Shared Dispositive Power
4,960,282.00
9
Aggregate Amount Beneficially Owned by Each Reporting Person
4,960,282.00
10
Check box if the aggregate amount in row (9) excludes certain shares (See Instructions)
11
Percent of class represented by amount in row (9)
6.44 %
12
Type of Reporting Person (See Instructions)
PN
Comment for Type of Reporting Person: With regard to rows (6), (8), (9) and (11), the beneficial ownership of the securities reported herein is described in Item 4(a).
Row (11) is Based on 77,029,657 Ordinary Shares outstanding as of November 5, 2026 (as reported on Bloomberg LP).
SCHEDULE 13G
Item 1.
(a)
Name of issuer:
Gilat Satellite Networks Ltd
(b)
Address of issuer's principal executive offices:
Gilat House, 21 Yegia Kapayim Street Dan, Daniv Park, Kiryat Arye, Petah Tikvah, Israel, 4913020
Item 2.
(a)
Name of person filing:
Migdal Insurance & Financial Holdings Ltd.
Migdal Sal Domestic Equities
The securities reported herein are beneficially owned by various direct or indirect, majority or wholly-owned subsidiaries of Migdal Insurance & Financial Holdings Ltd. (the "Subsidiaries"), such as Migdal Insurance Company Ltd., Migdal Sal Domestic Equities, Migdal Makefet Pension & Provident Funds Ltd., and Migdal Mutual Funds Ltd.. The Subsidiaries manage their own funds and/or the funds of others, including for holders of various insurance policies, members of pension or provident funds, unit holders of mutual funds, portfolio management clients and their nostro accounts. Each of the Subsidiaries operates under independent management and makes its own independent voting and investment decisions.
(b)
Address or principal business office or, if none, residence:
Migdal Insurance & Financial Holdings Ltd. - Israel
Migdal Sal Domestic Equities - Israel
(d)
Title of class of securities:
Ordinary Shares, NIS 0.20 nominal value
(e)
CUSIP No.:
M51474118
Item 3.
If this statement is filed pursuant to §§ 240.13d-1(b) or 240.13d-2(b) or (c), check whether the person filing is a:
(a)
Broker or dealer registered under section 15 of the Act (15 U.S.C. 78o);
(b)
Bank as defined in section 3(a)(6) of the Act (15 U.S.C. 78c);
(c)
Insurance company as defined in section 3(a)(19) of the Act (15 U.S.C. 78c);
(d)
Investment company registered under section 8 of the Investment Company Act of 1940 (15 U.S.C. 80a-8);
(e)
An investment adviser in accordance with § 240.13d-1(b)(1)(ii)(E);
(f)
An employee benefit plan or endowment fund in accordance with § 240.13d-1(b)(1)(ii)(F);
(g)
A parent holding company or control person in accordance with § 240.13d-1(b)(1)(ii)(G);
(h)
A savings associations as defined in Section 3(b) of the Federal Deposit Insurance Act (12 U.S.C. 1813);
(i)
A church plan that is excluded from the definition of an investment company under section 3(c)(14) of the Investment Company Act of 1940 (15 U.S.C. 80a-3);
(j)
A non-U.S. institution in accordance with § 240.13d-1(b)(1)(ii)(J). If filing as a non-U.S. institution in accordance with § 240.13d-1(b)(1)(ii)(J),
please specify the type of institution:
(k)
Group, in accordance with Rule 240.13d-1(b)(1)(ii)(K).
Item 4.
Ownership
(a)
Amount beneficially owned:
See row 9 of cover page of each reporting person.
Each of the Subsidiaries operates under independent management and makes its own independent voting and investment decisions. Neither the filing of this Schedule 13G nor any of its contents shall be deemed to constitute an admission by either the Filing Persons or Subsidiaries that a group exists for purposes of Section 13(d) of the Securities Exchange Act of 1934 or for any other purpose, and each reporting person disclaims the existence of any such group. The economic interest or beneficial ownership in a portion of the securities covered by this Statement (including the right to receive or the power to direct the receipt of dividends from, or the proceeds from the sale of, such securities) is held for the benefit of insurance policy holders, the owners of portfolio accounts, or the members of the provident funds or pension funds, as the case may be. In addition, each of the Filing Persons and Subsidiaries disclaims any beneficial ownership of the securities covered by this report in excess of their actual pecuniary interest therein. This Statement shall not be construed as an admission by the Filing Persons or Subsidiaries that they are the beneficial owners of any of the Ordinary Shares covered by this Statement.
As of November 5, 2026, the securities reported herein were held as follows:
- 4,960,282 ordinary shares (representing 6.44% of the total ordinary shares outstanding) beneficially owned by Migdal Sal Domestic Equities (1);
- 864,439 ordinary shares (representing 1.12% of the total ordinary shares outstanding) beneficially owned by Migdal Mutual Funds Ltd..
(1) All ownership rights in this partnership belong to companies that are part of Migdal Group. The amount of ownership rights held by such companies in the partnership changes frequently according to a mechanism provided in the partnership agreement.
(b)
Percent of class:
See row 11 of cover page of each reporting person
(c)
Number of shares as to which the person has:
(i) Sole power to vote or to direct the vote:
See row 5 of cover page of each reporting person
(ii) Shared power to vote or to direct the vote:
See row 6 of cover page of each reporting person and note in Item 4(a) above
(iii) Sole power to dispose or to direct the disposition of:
See row 7 of cover page of each reporting person
(iv) Shared power to dispose or to direct the disposition of:
See row 8 of cover page of each reporting person and note in Item 4(a) above
Item 5.
Ownership of 5 Percent or Less of a Class.
Not Applicable
Item 6.
Ownership of more than 5 Percent on Behalf of Another Person.
Not Applicable
Item 7.
Identification and Classification of the Subsidiary Which Acquired the Security Being Reported on by the Parent Holding Company or Control Person.
Not Applicable
Item 8.
Identification and Classification of Members of the Group.
Not Applicable
Item 9.
Notice of Dissolution of Group.
Not Applicable
Item 10.
Certifications:
By signing below I certify that, to the best of my knowledge and belief, the securities referred to above were not acquired and are not held for the purpose of or with the effect of changing or influencing the control of the issuer of the securities and were not acquired and are not held in connection with or as a participant in any transaction having that purpose or effect, other than activities solely in connection with a nomination under § 240.14a-11.
SIGNATURE
After reasonable inquiry and to the best of my knowledge and belief, I certify that the information set forth in this statement is true, complete and correct.
Migdal Insurance & Financial Holdings Ltd
Signature:
/s/ Menashe Debby
Name/Title:
Menashe Debby / Investment Accountant
Date:
11/11/2026
Signature:
/s/ Ahuvit Siodmak
Name/Title:
Ahuvit Siodmak / CPA
Date:
11/11/2026
Migdal Sal Domestic Equities
Signature:
/s/ Menashe Debby
Name/Title:
Menashe Debby / Investment Accountant
Date:
11/11/2026
Signature:
/s/ Ahuvit Siodmak
Name/Title:
Ahuvit Siodmak / CPA
Date:
11/11/2026
Exhibit Information
Exhibit 1 - Joint Filing Agreement by and among the Reporting Persons, dated as of February 16, 2026 (incorporated herein by reference to Exhibit 1 to the Schedule 13G filed on February 17, 2026).
