A Form 4 filed on August 10, 2026 discloses that Amir Yechiel Ofek, a director of Gilat Satellite Networks Ltd (NASDAQ: GILT), exercised stock options and sold the resulting shares on August 6, 2026.

Key Highlights

  • Transaction date: The option exercise and share sale both occurred on August 6, 2026.
  • Options exercised: 8,334 stock options were exercised on a net basis at an exercise price of $6.15 per share.
  • Shares sold: 3,923 ordinary shares were sold at $11.41 per share, with the remaining shares withheld to cover the exercise price.
  • Post-transaction ownership: Following the transactions, the reporting person beneficially owns 0 ordinary shares directly.
  • Option expiration: The exercised options carried an expiration date of June 15, 2029, and became exercisable on September 15, 2023.

Director Option Exercise and Same-Day Sale at Gilat Satellite Networks

According to the filing, Amir Yechiel Ofek, identified as a director of Gilat Satellite Networks Ltd, exercised 8,334 stock options on a net basis on August 6, 2026. The options carried a conversion price of $6.15 per share and had an expiration date of June 15, 2029. The filing notes that shares were withheld to cover the aggregate exercise price, and the net result was the issuance of 3,923 ordinary shares to the reporting person.

All 3,923 shares received upon exercise were sold on the same day, the filing discloses, at a price of $11.41 per share. The transaction code recorded in Table I is "S" (sale) and in Table II is "M" (exercise of derivative security). Following the reported transactions, the filing states that the reporting person's direct beneficial ownership of ordinary shares stands at 0, and the reporting person's derivative security holdings also stand at 0 following the exercise.

The Form 4 was signed on August 10, 2026 by Meirav Shemesh on behalf of Oppenheimer Israel, acting as attorney-in-fact for the reporting person. The filing was submitted pursuant to Section 16(a) of the Securities Exchange Act of 1934 and indicates the form was filed by one reporting person.

What Was Disclosed

The filing reports a net-basis exercise of 8,334 stock options and the same-day sale of the 3,923 resulting ordinary shares at $11.41, leaving the director with zero direct beneficial ownership of Gilat Satellite Networks ordinary shares.