SCHEDULE: Harel Insurance Discloses 5.2% Stake in Gilat Satellite Networks

Harel Insurance Investments & Financial Services Ltd. has disclosed a 5.2% beneficial ownership stake in Gilat Satellite Networks Ltd. through a Schedule 13G filing.

Summary

• Harel Insurance Investments & Financial Services Ltd. (Harel Insurance) has filed a Schedule 13G, indicating beneficial ownership of 3,873,305 Ordinary Shares of Gilat Satellite Networks Ltd.
• This ownership represents 5.2% of Gilat Satellite Networks' outstanding Ordinary Shares, based on 74,196,098 shares issued and outstanding as of February 18, 2026.
• The majority of these shares, 3,872,201, are held for public members through various funds (provident, mutual, pension, insurance policies, exchange-traded funds) managed by Harel's subsidiaries, which operate with independent voting and investment decisions.
• A smaller portion, 1,104 Ordinary Shares, is beneficially held for Harel Insurance's own account.
• Harel Insurance certifies that the securities were not acquired or held for the purpose of changing or influencing the control of Gilat Satellite Networks Ltd.

Sentiment

Score: 6

Explanation: StockSavvy.ai views this as a moderately positive development, as it signifies a significant institutional investment, which can be interpreted as a vote of confidence in Gilat Satellite Networks, without indicating any immediate operational changes or financial performance.

Positives

• A significant institutional investor, Harel Insurance, has taken a substantial stake, potentially signaling confidence in Gilat Satellite Networks' long-term prospects.
• The disclosure clarifies the beneficial ownership structure, with most shares held on behalf of public investors through managed funds, indicating a diversified investment approach rather than a concentrated activist position.

Negatives

• No explicit negatives are present in this disclosure filing, as it primarily serves to report beneficial ownership.

Risks

• The filing itself does not detail specific risks related to Gilat Satellite Networks' operations or financial health, as it is a beneficial ownership disclosure.

Future Outlook

This filing does not contain any forward-looking statements or guidance regarding Gilat Satellite Networks' future performance or Harel Insurance's investment strategy beyond the current beneficial ownership.

Industry Context

StockSavvy.ai notes that a 5.2% stake by a major financial services and insurance group like Harel Insurance in a satellite communications company such as Gilat Satellite Networks can be viewed as a vote of confidence in the sector's growth potential, particularly in areas like broadband connectivity, defense, and mobility solutions. This type of institutional investment often reflects a long-term view on the company's market position and technological advancements within the competitive satellite industry.

Comparison to Industry Standards

• This filing is a standard regulatory disclosure for beneficial ownership exceeding 5% and does not contain performance metrics for comparison.
• Institutional ownership levels vary across the satellite communications industry. For example, Viasat (VSAT) and SES S.A. (SESG) also see significant institutional holdings, reflecting the capital-intensive nature and strategic importance of the sector. Harel's stake in Gilat is a notable position for an Israeli financial institution in a domestic technology leader.

Stakeholder Impact

• Shareholders: The disclosure of a significant institutional investor holding a 5.2% stake may provide a sense of stability and validation for existing shareholders.
• Management: Awareness of a substantial institutional holder may influence management's strategic decisions and communication with the investment community.
• Public Investors (via Harel's funds): Individuals invested in Harel's provident, mutual, pension, and insurance funds now have indirect exposure to Gilat Satellite Networks.

Key Dates

Recommendation

The filing indicates a significant institutional stake, which is generally a positive signal. However, as a Schedule 13G, it does not provide operational or financial performance data to warrant a 'buy' or 'sell' recommendation. Investors should 'hold' and await further financial disclosures from Gilat Satellite Networks to assess the impact of this ownership on the company's strategy and performance.

Keywords

Gilat Satellite Networks, Harel Insurance, Schedule 13G, Beneficial Ownership, Satellite Communications, Institutional Investment, Equity Stake, NIS 0.20 par value