SCHEDULE: Clal Insurance Discloses 7.3% Stake in Gilat Satellite

Clal Insurance Enterprises Holdings Ltd. has reported a 7.3% beneficial ownership stake in Gilat Satellite Networks Ltd., totaling 4,154,120 ordinary shares.

Summary

• Clal Insurance Enterprises Holdings Ltd. (Clal) has filed a Schedule 13G, disclosing beneficial ownership of 4,154,120 Ordinary Shares of Gilat Satellite Networks Ltd.
• This ownership represents 7.3% of Gilat Satellite Networks Ltd.'s outstanding Ordinary Shares.
• The percentage is based on 57,211,899 Ordinary Shares issued and outstanding as of July 16, 2025, as reported by Gilat Satellite Networks Ltd. in its Form 6-K filed on July 17, 2025.
• Of the total shares, 70,000 Ordinary Shares are held for Clal's own account, while 4,084,120 Ordinary Shares are held for members of the public through provident funds, pension funds, and/or insurance policies managed by Clal's subsidiaries.
• Clal's subsidiaries operate under independent management and make independent voting and investment decisions regarding these shares.
• Clal disclaims beneficial ownership of more than 70,000 Ordinary Shares, asserting that the majority are held on behalf of public investors.
• Clal holds shared voting and shared dispositive power over all 4,154,120 beneficially owned shares.
• The securities were not acquired and are not held for the purpose of changing or influencing the control of Gilat Satellite Networks Ltd.

Sentiment

Score: 5

Explanation: Neutral, as this is a factual disclosure of a passive ownership stake without performance data or strategic implications for the issuer.

Future Outlook

This filing is a disclosure of current ownership and does not contain any forward-looking statements or guidance regarding Gilat Satellite Networks Ltd.'s future performance or strategic direction.

Industry Context

This filing primarily concerns an institutional ownership disclosure and does not provide specific analysis of broader industry trends or competitive landscape within the satellite communications sector. It indicates a significant investment by an insurance enterprise in a company operating in this industry.

Stakeholder Impact

• Shareholders of Gilat Satellite Networks Ltd. are informed of a significant institutional investor, Clal Insurance Enterprises Holdings Ltd., holding a 7.3% stake, which may influence market perception and investor confidence.

Key Dates

Keywords

Gilat Satellite Networks, Clal Insurance, Schedule 13G, beneficial ownership, institutional investment, ordinary shares, satellite communication