Gilat Satellite Networks Ltd.

Major Shareholding Notification • Mar 14, 2022

UNITED STATES SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

SCHEDULE 13G/A

Under the Securities Exchange Act of 1934

Gilat Satellite Networks Ltd.

(Name of Issuer)

Ordinary Shares, Par Value NIS 0.20 Per Share

(Title of Class of Securities)

M51474118

(CUSIP Number)

March 10, 2022

(Date of Event which Requires Filing of this Statement)

Check the appropriate box to designate the rule pursuant to which this Schedule is filed:

☐ Rule 13d-1(b)

☒ Rule 13d-1(c)

☐ Rule 13d-1(d)

The information required on the remainder of this cover page shall not be deemed to be "filed" for the purpose of Section 18 of the Securities Exchange Act of 1934 ("Act") or otherwise subject to the liabilities of that section of the Act but shall be subject to all other provisions of the Act.

CUSIP NO.	M51474118
1	NAME OF REPORTING PERSONS. I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS (ENTITIES ONLY). Mivtach Shamir Finance Ltd.
2	CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (SEE INSTRUCTIONS) (a) ☒ (b) ☐
3	SEC USE ONLY
4	CITIZENSHIP OR PLACE OF ORGANIZATION Israel
	NUMBER OF	5	SOLE VOTING POWER 0
	SHARES BENEFICIALLY OWNED BY EACH REPORTING PERSON WITH	6	SHARED VOTING POWER 2,812,126 shares
		7	SOLE DISPOSITIVE POWER 0
		8	SHARED DISPOSITIVE POWER 2,812,126 shares
9	AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 2,812,126 shares
10	CHECK IF AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES (SEE INSTRUCTIONS) ☐
11	PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9) 4.98%
12	TYPE OF REPORTING PERSON (SEE INSTRUCTIONS) CO

Page 2 of 6 Pages

CUSIP NO.	M51474118
1	NAME OF REPORTING PERSONS. I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS (ENTITIES ONLY). Mivtach Shamir Holdings Ltd.
2	CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (SEE INSTRUCTIONS) (a) ☒ (b) ☐
3	SEC USE ONLY
4	CITIZENSHIP OR PLACE OF ORGANIZATION Israel
	NUMBER OF	5	SOLE VOTING POWER 0
	SHARES BENEFICIALLY OWNED BY	6	SHARED VOTING POWER 2,812,126 shares
	EACH REPORTING PERSON WITH	7	SOLE DISPOSITIVE POWER 0
		8	SHARED DISPOSITIVE POWER 2,812,126 shares
9	AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 2,812,126 shares
10	CHECK IF AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES (SEE INSTRUCTIONS) ☐
11	PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9) 4.98%
12	TYPE OF REPORTING PERSON (SEE INSTRUCTIONS) CO

Page 3 of 6 Pages

Item 1(a)	Name of Issuer
	Gilat Satellite Networks Ltd. (the "Issuer").
Item 1(b)	Address of Issuer's Principal Executive Offices
	21 Yegia Kapayim Street, Kiryat Arye, Petah Tikva 49130 Israel
Item 2(a)-(b)	Name of Person Filing; Address of Principal Business Office or, if none, Residence
	1. Mivtach Shamir Finance Ltd., 27 Habarzel Street, Tel Aviv 6971039, Israel
	2. Mivtach Shamir Holdings Ltd., 27 Habarzel Street, Tel Aviv 6971039, Israel
	The foregoing persons are hereinafter collectively referred to as the "Reporting Persons".
Item 2(c)	Citizenship
	Each of the Reporting Persons is an Israeli company.
Item 2(d)	Title of Class of Securities
	Ordinary Shares, Par Value NIS 0.20 Per Share
Item 2(e)	CUSIP Number
	M51474118
Item 3	If this Statement is Filed Pursuant to Rule 13d-1(b), or 13d-2(b) or (c), Check Whether the Person Filing is a:
	Not applicable.
Item 4	Ownership
	(a) Amount beneficially owned: 2,812,126 Ordinary Shares. The Ordinary Shares are held directly by Mivtach Shamir Finance Ltd. Mivtach Shamir Holdings Ltd. owns all the outstanding shares of Mivtach Shamir Finance Ltd. and may be deemed to have shared voting and investment power with respect to the Ordinary Shares of the Issuer held by Mivtach Shamir Finance Ltd.
	(b) Percent of Class: 4.98%. The calculations are based on a total of 56,506,561 Ordinary Shares outstanding as of April 9, 2021, as reported by the Issuer on Form 6-K filed with the SEC on April 13, 2021.
	(c) Number of shares as to which the person has: (i) Sole power to vote or direct the vote: 0 (ii) Shared power to vote or to direct the vote: 2,812,126 Ordinary Shares (iii) Sole power to dispose or to direct the disposition of: 0

(iv) Shared power to dispose or to direct the disposition of: 2,812,126 Ordinary Shares

Item 5 Ownership of Five Percent or Less of a Class

If this statement is being filed to report the fact that as of the date hereof the reporting person has ceased to be the beneficial owner of more than 5 percent of the class of securities, check the following ☒.

Page 4 of 6 Pages

Item 6	Ownership of More than Five Percent on Behalf of Another Person
	Not applicable.
Item 7	Identification and Classification of the Subsidiary Which Acquired the Security Being Reported on by the Parent Holding Company
	Not applicable.
Item 8	Identification and Classification of Members of the Group
	Incorporated by reference to Items 2 and 4 of this Schedule 13G.
Item 9	Notice of Dissolution of Group
	Not applicable.
Item 10	Certification
	By signing below I certify that, to the best of my knowledge and belief, the securities referred to above were not acquired and are not held for the purpose of or with the effect of changing or influencing the control of the issuer of the securities and were not acquired and are not held in connection with or as a participant in any transaction having that purpose or effect.

Page 5 of 6 Pages

Signature

After reasonable inquiry and to the best of my knowledge and belief, I certify that the information set forth in this statement is true, complete and correct.

Dated: March 14, 2022

MIVTACH SHAMIR FINANCE LTD.

By: /s/ Limor Avidor

Name: Limor Avidor Title: Deputy CEO

MIVTACH SHAMIR HOLDINGS LTD.

By: /s/ Limor Avidor

Name: Limor Avidor Title: Deputy CEO

Page 6 of 6 Pages