Migdal Insurance & Financial Holdings Ltd filed Amendment No. 2 to its Schedule 13G with the SEC on November 12, 2026, disclosing beneficial ownership of 5,824,721 ordinary shares of Gilat Satellite Networks Ltd as of November 5, 2026.

Key Highlights

  • Aggregate beneficial ownership: Migdal Insurance & Financial Holdings Ltd reported beneficial ownership of 5,824,721 ordinary shares of Gilat Satellite Networks Ltd, representing 7.56% of the class.
  • Migdal Sal Domestic Equities: Holds 4,960,282 ordinary shares, representing 6.44% of total ordinary shares outstanding.
  • Migdal Mutual Funds Ltd.: Holds 864,439 ordinary shares, representing 1.12% of total ordinary shares outstanding.
  • Voting and dispositive power: Both reporting persons report zero sole voting or dispositive power, with all 5,824,721 shares held under shared voting and shared dispositive power.
  • Shares outstanding basis: The percentage figures are based on 77,029,657 ordinary shares outstanding as of November 5, 2026, as reported on Bloomberg LP.
  • Event date: The date of the event requiring this filing was November 5, 2026.

Migdal Group's Beneficial Ownership Position in Gilat Satellite as of November 5, 2026

According to the filing, Migdal Insurance & Financial Holdings Ltd and its subsidiary Migdal Sal Domestic Equities jointly filed Amendment No. 2 to Schedule 13G disclosing their combined beneficial ownership in Gilat Satellite Networks Ltd (NASDAQ:GILT), an Israeli satellite communications company. The triggering event was November 5, 2026, and the statement was signed on November 11, 2026. The securities reported are ordinary shares with a nominal value of NIS 0.20, carrying CUSIP number M51474118.

The filing states that the securities "are beneficially owned by various direct or indirect, majority or wholly-owned subsidiaries of Migdal Insurance & Financial Holdings Ltd.," including Migdal Insurance Company Ltd., Migdal Sal Domestic Equities, Migdal Makefet Pension & Provident Funds Ltd., and Migdal Mutual Funds Ltd. According to the filing, each subsidiary "operates under independent management and makes its own independent voting and investment decisions." The economic interest in a portion of the securities is held for the benefit of insurance policyholders, portfolio account owners, and members of provident or pension funds, as disclosed in the statement.

The filing further states that neither the submission of the 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)," and that each reporting person disclaims the existence of any such group. Additionally, the filing certifies that the securities "were not acquired and are not held for the purpose of or with the effect of changing or influencing the control of the issuer."

What Was Disclosed

Migdal Insurance & Financial Holdings Ltd and Migdal Sal Domestic Equities filed Amendment No. 2 to Schedule 13G, disclosing aggregate beneficial ownership of 5,824,721 Gilat Satellite Networks ordinary shares, equal to 7.56% of the class, as of November 5, 2026.