<SEC-DOCUMENT>0001178913-25-000390.txt : 20250210
<SEC-HEADER>0001178913-25-000390.hdr.sgml : 20250210
<ACCEPTANCE-DATETIME>20250210173049
ACCESSION NUMBER:		0001178913-25-000390
CONFORMED SUBMISSION TYPE:	SCHEDULE 13G/A
PUBLIC DOCUMENT COUNT:		1
FILED AS OF DATE:		20250210
DATE AS OF CHANGE:		20250210

SUBJECT COMPANY:	

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			GILAT SATELLITE NETWORKS LTD
		CENTRAL INDEX KEY:			0000897322
		STANDARD INDUSTRIAL CLASSIFICATION:	RADIO & TV BROADCASTING & COMMUNICATIONS EQUIPMENT [3663]
		ORGANIZATION NAME:           	04 Manufacturing
		IRS NUMBER:				000000000
		FISCAL YEAR END:			1231

	FILING VALUES:
		FORM TYPE:		SCHEDULE 13G/A
		SEC ACT:		1934 Act
		SEC FILE NUMBER:	005-49455
		FILM NUMBER:		25606819

	BUSINESS ADDRESS:	
		STREET 1:		C/O GILAT SATELLITE NETWORKS INC
		STREET 2:		1651 OLD MEADOW RD
		CITY:			MCLEAN
		STATE:			VA
		ZIP:			22102
		BUSINESS PHONE:		7037349401

	MAIL ADDRESS:	
		STREET 1:		GILAT HOUSE YEGIA KAPAYIM STREET
		STREET 2:		DANIV PARK
		CITY:			KIRYAT ARYE PETAH TI
		STATE:			L3
		ZIP:			00000

FILED BY:		

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			Phoenix Financial Ltd.
		CENTRAL INDEX KEY:			0001679543
		ORGANIZATION NAME:           	
		IRS NUMBER:				000000000
		STATE OF INCORPORATION:			L3
		FISCAL YEAR END:			1231

	FILING VALUES:
		FORM TYPE:		SCHEDULE 13G/A

	BUSINESS ADDRESS:	
		STREET 1:		53 DERECH HA'SHALOM ST.
		CITY:			GIVATAYIM
		STATE:			L3
		ZIP:			53454
		BUSINESS PHONE:		972-3-733-2997

	MAIL ADDRESS:	
		STREET 1:		53 DERECH HA'SHALOM ST.
		CITY:			GIVATAYIM
		STATE:			L3
		ZIP:			53454

	FORMER COMPANY:	
		FORMER CONFORMED NAME:	Phoenix Holdings Ltd.
		DATE OF NAME CHANGE:	20160713
</SEC-HEADER>
<DOCUMENT>
<TYPE>SCHEDULE 13G/A
<SEQUENCE>1
<FILENAME>primary_doc.xml
<TEXT>
<XML>
<?xml version="1.0" encoding="UTF-8"?><edgarSubmission xmlns="http://www.sec.gov/edgar/schedule13g" xmlns:com="http://www.sec.gov/edgar/common">
<headerData>
<submissionType>SCHEDULE 13G/A</submissionType>
<previousAccessionNumber>0001178913-17-002511</previousAccessionNumber>
<filerInfo>
<filer>
<filerCredentials>
<cik>0001679543</cik>
<ccc>XXXXXXXX</ccc>
</filerCredentials>
</filer>
<liveTestFlag>LIVE</liveTestFlag>



</filerInfo>
</headerData>
<formData>
<coverPageHeader>
<amendmentNo>12</amendmentNo>
<securitiesClassTitle>Ordinary Shares, NIS 0.20 nominal value</securitiesClassTitle>
<eventDateRequiresFilingThisStatement>12/31/2024</eventDateRequiresFilingThisStatement>
<issuerInfo>
<issuerCik>0000897322</issuerCik>
<issuerName>Gilat Satellite Networks Ltd</issuerName>
<issuerCusip>M51474118</issuerCusip>
<issuerPrincipalExecutiveOfficeAddress>
<com:street1>Gilat House, 21 Yegia Kapayim Street Dan</com:street1>
<com:city>Petah Tikva</com:city>
<com:stateOrCountry>L3</com:stateOrCountry>
<com:zipCode>4913020</com:zipCode>
</issuerPrincipalExecutiveOfficeAddress>
</issuerInfo>
<designateRulesPursuantThisScheduleFiled>
<designateRulePursuantThisScheduleFiled>Rule 13d-1(c)</designateRulePursuantThisScheduleFiled>
</designateRulesPursuantThisScheduleFiled>
</coverPageHeader>
<coverPageHeaderReportingPersonDetails>

<reportingPersonName>Phoenix Financial Ltd.</reportingPersonName>
<memberGroup>b</memberGroup>
<citizenshipOrOrganization>L3</citizenshipOrOrganization>
<reportingPersonBeneficiallyOwnedNumberOfShares>
<soleVotingPower>0</soleVotingPower>
<sharedVotingPower>10584499.71</sharedVotingPower>
<soleDispositivePower>0</soleDispositivePower>
<sharedDispositivePower>10584499.71</sharedDispositivePower>
</reportingPersonBeneficiallyOwnedNumberOfShares>
<reportingPersonBeneficiallyOwnedAggregateNumberOfShares>10584499.71</reportingPersonBeneficiallyOwnedAggregateNumberOfShares>
<aggregateAmountExcludesCertainSharesFlag>N</aggregateAmountExcludesCertainSharesFlag>
<classPercent>18.56</classPercent>
<typeOfReportingPerson>CO</typeOfReportingPerson>
<comments>With regard to rows (6), (8), (9) and (11), the beneficial ownership of the securities reported herein is described in Item 4(a).&#13;
&#13;
Row (11) is Based on 57,017,032 Ordinary Shares outstanding as of January 21, 2025 (as reported on Bloomberg LP).</comments>
</coverPageHeaderReportingPersonDetails>
<items>
<item1>
<issuerName>Gilat Satellite Networks Ltd</issuerName>
<issuerPrincipalExecutiveOfficeAddress>Gilat House, 21 Yegia Kapayim Street Dan, Petah Tikva, Israel, 4913020</issuerPrincipalExecutiveOfficeAddress>
</item1>
<item2>
<filingPersonName>Phoenix Financial Ltd.&#13;
&#13;
The securities reported herein are beneficially owned by various direct or indirect, majority or wholly-owned subsidiaries of Phoenix Financial Ltd. (the "Subsidiaries"). The Subsidiaries manage their own funds and/or the funds of others, including for holders of exchange-traded notes or various insurance policies, members of pension or provident funds, unit holders of mutual funds, and portfolio management clients. Each of the Subsidiaries operates under independent management and makes its own independent voting and investment decisions.</filingPersonName>
<principalBusinessOfficeOrResidenceAddress>The address of the Phoenix Financial Ltd. is Derech Hashalom 53, Givataim, 53454, Israel.</principalBusinessOfficeOrResidenceAddress>
<citizenship>Phoenix Financial Ltd. - Israel</citizenship>
</item2>
<item3>
<notApplicableFlag>Y</notApplicableFlag>
</item3>
<item4>
<amountBeneficiallyOwned>See row 9 of cover page of each reporting person.&#13;
&#13;
Each of the Subsidiaries operates under independent management and makes its own independent voting and investment decisions. Neither the filing of this Schedule 13G nor any of its contents shall be deemed to constitute an admission by either the Filing Persons or Subsidiaries that a group exists for purposes of Section 13(d) of the Securities Exchange Act of 1934 or for any other purpose, and each reporting person disclaims the existence of any such group. In addition, each of the Filing Persons and Subsidiaries disclaims any beneficial ownership of the securities covered by this report in excess of their actual pecuniary interest therein. This Statement shall not be construed as an admission by the Filing Persons or Subsidiaries that they are the beneficial owners of any of the Ordinary Shares covered by this Statement.&#13;
&#13;
As of December 31, 2024, the securities reported herein were held as follows:&#13;
&#13;
235,445.05 ordinary shares (representing 0.41% of the total ordinary shares outstanding) beneficially owned by The Phoenix Investments House - trust funds.&#13;
&#13;
1,150,507 ordinary shares (representing 2.02% of the total ordinary shares outstanding) beneficially owned by The Phoenix nostro accounts.&#13;
&#13;
8,959,735 ordinary shares (representing 15.71% of the total ordinary shares outstanding) beneficially owned by Partnership for Israeli shares (1).&#13;
&#13;
238,812.66 ordinary shares (representing 0.42% of the total ordinary shares outstanding) beneficially owned by Partnership for investing in shares indexes (1).&#13;
&#13;
(1) All ownership rights in this partnership belong to companies that are part of Phoenix Group. The amount of ownership rights held by such companies in the partnership changes frequently according to a mechanism provided in the partnership agreement.</amountBeneficiallyOwned>
<classPercent>18.56</classPercent>
<numberOfSharesPersonHas>
<solePowerOrDirectToVote>See row 5 of cover page of each reporting person</solePowerOrDirectToVote>
<sharedPowerOrDirectToVote>See row 6 of cover page of each reporting person and note in Item 4(a) above</sharedPowerOrDirectToVote>
<solePowerOrDirectToDispose>See row 7 of cover page of each reporting person</solePowerOrDirectToDispose>
<sharedPowerOrDirectToDispose>See row 8 of cover page of each reporting person and note in Item 4(a) above</sharedPowerOrDirectToDispose>
</numberOfSharesPersonHas>
</item4>
<item5>
<notApplicableFlag>Y</notApplicableFlag>
</item5>
<item6>
<notApplicableFlag>Y</notApplicableFlag>
</item6>
<item7>
<notApplicableFlag>Y</notApplicableFlag>
</item7>
<item8>
<notApplicableFlag>Y</notApplicableFlag>
</item8>
<item9>
<notApplicableFlag>Y</notApplicableFlag>
</item9>
<item10>
<notApplicableFlag>N</notApplicableFlag>
<certifications>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, other than activities solely in connection with a nomination under ?? 240.14a-11.</certifications>
</item10>
</items>
<exhibitInfo>Exhibit 1 - Notice of resolution of the Board of Directors of Phoenix Financial Ltd., dated as of December 12, 2019 (incorporated herein by reference to Exhibit 1 to the Schedule 13G filed on March 13, 2022).</exhibitInfo>
<signatureInformation>
<reportingPersonName>Phoenix Financial Ltd.</reportingPersonName>
<signatureDetails>
<signature>/s/ Eli Schwartz</signature>
<title>Eli Schwartz/Vice President - Chief Financial Officer</title>
<date>02/10/2025</date>
</signatureDetails>
<signatureDetails>
<signature>/s/ Haggai Schreiber</signature>
<title>Haggai Schreiber/Executive Vice President - Chief Investment Officer</title>
<date>02/10/2025</date>
</signatureDetails>
</signatureInformation>
</formData>
</edgarSubmission>
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</TEXT>
</DOCUMENT>
</SEC-DOCUMENT>
