Kerbel Doron 4
4 · GILAT SATELLITE NETWORKS LTD · Filed Mar 23, 2026
Research Summary
AI-generated summary of this filing
Gilat (GILT) Chief Legal Officer Doron Kerbel Sells 7,500 Shares
What Happened
- Doron Kerbel, Chief Legal Officer of Gilat Satellite Networks (GILT), reported the sale of 7,500 shares on 2026-03-20. The weighted-average price reported was $18.03 per share, for proceeds of approximately $135,195. The sale is reported as an "S" (open market or private sale).
Key Details
- Transaction date: 2026-03-20; Form 4 filed: 2026-03-23 (appears timely; within the 2-business-day window).
- Price: $18.03 (reported as a weighted average; the filer says full breakdown available on request).
- Proceeds: ~$135,195.
- Source of shares: footnote states these shares represent shares received upon vesting of Performance Stock Units granted 02/13/2025.
- Trading plan: sale was effectuated under a Rule 10b5-1 trading plan adopted 12/17/2025 (footnote).
- Shares owned after transaction: not provided in the summary data supplied.
Context
- Sales under 10b5-1 plans are pre‑arranged and often routine (they do not necessarily signal a change in the insider’s outlook). The filer indicates the shares originated from vested PSUs, suggesting this was monetization of award shares rather than an exercise or gift.
Insider Transaction Report
Form 4
Kerbel Doron
Chief Legal Officer
Transactions
- Sale
Ordinary Shares
[F1][F2][F3]2026-03-20$18.03/sh−7,500$135,195→ 0 total
Footnotes (3)
- [F1]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
- [F2]Represents shares received upon the vesting of Performance Stock Units granted on 02/13/2025.
- [F3]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.
Signature
Doron Kerbel by: Oppenheimer Israel, as Attorney-in-fact|2026-03-23