Kerbel Doron 4

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.