Unmanned aerial vehicle (UAV) target segmentation remains challenging due to the small size of objects, appearance variations, cluttered backgrounds, and the scarcity of densely annotated data. These factors hinder the performance and practical deployment of lightweight segmentation models in real-world UAV applications. To address this problem, this paper investigates the use of SAM3 (Segment Anything Model 3) as a pseudo-label generator for training compact segmentation networks. Specifically, two supervision paradigms are explored: (i) direct pseudo-supervision using unaltered SAM3-generated masks, and (ii) a refinement strategy that re-applies SAM3 to localized image patches for improved mask quality. Based on these paradigms, a two-stage SAM3-guided pseudo-label generation framework is proposed. In the first stage, SAM3 generates coarse masks for initial object localization. The localized regions are subsequently cropped into patches and processed by SAM3 again to generate fine masks with accurate object boundaries and discard false positives. The resulting coarse and fine masks are then used as pseudo-labels to optimize a lightweight network, termed IPS-Seg, which consists of three components: an IdentityFormer backbone for feature extraction, an Atrous Spatial Pyramid Pooling module for multi-scale context aggregation, and a PixelShuffle-based decoder for spatial resolution recovery. Extensive experiments under multiple supervision settings demonstrate the effectiveness of the proposed framework. The results show that IPS-Seg achieves a favorable trade-off between segmentation accuracy and computational efficiency while benefiting consistently from the proposed pseudo-label generation strategy. These findings highlight the potential of large-scale foundation models as annotation sources for training compact task-specific segmentation networks in low-label vision domains.