Harel Insurance (GILT) reports 3.87M shares, 5.2% stake in Gilat

Rhea-AI Filing Summary

Harel Insurance Investments & Financial Services Ltd reported beneficial ownership of 3,873,305 Ordinary Shares of Gilat Satellite Networks Ltd, representing 5.2% of the class. The cover notes 74,196,098 Ordinary Shares outstanding as of February 18, 2026. The filer states 3,872,201 shares are held for public clients by subsidiaries that exercise independent voting and investment decisions, while 1,104 shares are held for the filer’s own account.

Insights

Institutional Ownership Analyst

Harel holds a measurable 5.2% stake in Gilat, largely in managed public client accounts.

The filing lists 3,873,305 Ordinary Shares beneficially owned, with 3,872,201 held for public clients by subsidiaries and 1,104 for the filer’s own account. The outstanding share base is 74,196,098 as of February 18, 2026.

Voting authority is reported as shared for the indicated shares because subsidiaries operate under independent management; the statement disclaims beneficial ownership for the majority of those client-held shares. Subsequent disclosures or amendments would clarify any change in voting or disposition control.

Corporate Governance Specialist

Registrant signals passive/investment-manager holdings rather than direct proprietary accumulation.

The filer explicitly states that most shares are managed for public clients by subsidiaries that make independent voting and investment decisions, and that only 1,104 shares are held for the filer’s own account. This attribution affects how the stake is interpreted for control analyses.

For governance impact, note the shared voting and dispositive power reported; any change in voting arrangements or transfers would require updated filings.

AI-generated analysis. How Rhea-AI works. Not financial advice.

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Accepted by SEC EDGAR 02/23/2026 - 08:49 AM Learn about SEC filing dates

FAQ

What stake does Harel report in GILT?

Harel reports beneficial ownership of 3,873,305 Ordinary Shares, representing 5.2% of the class, per the cover page disclosure.

How many Gilat shares are outstanding per this filing?

The filing states there were 74,196,098 Ordinary Shares outstanding as of February 18, 2026, which the percentage calculation uses.

Are the shares held directly by Harel or for clients?

The filing shows 3,872,201 shares are held for public clients by subsidiaries with independent decision-making, and 1,104 shares are held for Harel’s own account.

What voting power does Harel claim over these shares?

The cover page reports 0 sole voting power and shared voting power of 3,873,305 shares, reflecting the subsidiaries’ management structure.

Does the filer admit beneficial ownership of all reported shares?

No; the filer disclaims being the beneficial owner of more than 1,104 shares and attributes most holdings to managed client accounts.

SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

SCHEDULE 13G

UNDER THE SECURITIES EXCHANGE ACT OF 1934

Gilat Satellite Networks Ltd

(Name of Issuer)

Ordinary Shares, NIS 0.20 par value

(Title of Class of Securities)

M51474118

(CUSIP Number)

02/17/2026

(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)

SCHEDULE 13G

CUSIP No. M51474118

1

Names of Reporting Persons

Harel Insurance Investments & Financial Services 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 3,873,305.00
7	Sole Dispositive Power 0.00
8	Shared Dispositive Power 3,873,305.00

9

Aggregate Amount Beneficially Owned by Each Reporting Person

3,873,305.00

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)

5.2 %

12

Type of Reporting Person (See Instructions)

CO

Comment for Type of Reporting Person: With regard to Rows (6), (8) and (9), please see Item 4. Row (11) is based on 74,196,098 Ordinary Shares issued and outstanding as of February 18, 2026 (which number is based on information received from the Issuer).

SCHEDULE 13G

Item 1.
(a)	Name of issuer: Gilat Satellite Networks Ltd
(b)	Address of issuer's principal executive offices: Gilat House, Yegia Kapayim Street, Daniv Park, Kiryat Arye, Petah Tikva, Israel, 4913020
Item 2.
(a)	Name of person filing: Harel Insurance Investments & Financial Services Ltd.
(b)	Address or principal business office or, if none, residence: 3 Aba Hillel Street, Ramat Gan 52118, Israel
(c)	Citizenship: Israel
(d)	Title of class of securities: Ordinary Shares, NIS 0.20 par 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: Of the 3,873,305 Ordinary Shares reported in this Statement as beneficially owned by the Reporting Person, (i) 3,872,201 Ordinary Shares are held for members of the public through, among others, provident funds and/or mutual funds and/or pension funds and/or insurance policies and/or exchange traded funds, which are managed by subsidiaries of the Reporting Person, each of which subsidiaries operates under independent management and makes independent voting and investment decisions and (ii) 1,104 Ordinary Shares are beneficially held for its own account. Consequently, this Statement shall not be construed as an admission by the Reporting Person that it is the beneficial owner of more than 1,104 Ordinary Shares covered by this Statement.
(b)	Percent of class: See Row (11) of the cover page of the Reporting Person above.
(c)	Number of shares as to which the person has:
	(i) Sole power to vote or to direct the vote: 0
	(ii) Shared power to vote or to direct the vote: See Row (6) of the cover page of the Reporting Person above and note in Item 4 above.
	(iii) Sole power to dispose or to direct the disposition of: 0
	(iv) Shared power to dispose or to direct the disposition of: See Row (8) of the cover page of the Reporting Person above and note in Item 4 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.

Harel Insurance Investments & Financial Services Ltd

Signature:	/s/ Alon Kaufman
Name/Title:	Alon Kaufman/Vice President
Date:	02/23/2026