Yaron Garmazi - 21 Jul 2021 Form 3 Insider Report for KALTURA INC (KLTR)

Role
CHIEF FINANCIAL OFFICER
Signature
/s/ Byron Kahr, Attorney-in-Fact
Issuer symbol
KLTR
Transactions as of
21 Jul 2021
Net transactions value
$0
Form type
3
Filing time
21 Jul 2021, 20:12:07 UTC
Next filing
10 Dec 2021
SEC
View on sec.gov

Derivative Securities (e.g., puts, calls, warrants, options, convertible securities)

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Underlying Class Amount Exercise Price Ownership Footnotes
holding KLTR Employee Stock option (Right to Buy) 21 Jul 2021 Common Stock 972,000 $1.72 Direct F1
holding KLTR Employee Stock option (Right to Buy) 21 Jul 2021 Common Stock 10,800 $1.58 Direct F2
holding KLTR Employee Stock option (Right to Buy) 21 Jul 2021 Common Stock 337,500 $4.99 Direct F3
holding KLTR Employee Stock option (Right to Buy) 21 Jul 2021 Common Stock 337,500 $13.34 Direct F4
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 The option is fully vested and exercisable.
F2 The option vested and became exercisable as to 2,700 shares on July 1, 2019, and vests and becomes exercisable as to the remaining shares in equal monthly installments over the following thirty-six months, subject to the Reporting Person's continued service through the applicable vesting dates.
F3 The option vests and becomes exercisable in twelve equal quarterly installments beginning on April 1, 2021, subject to the Reporting Person's continued service through the applicable vesting dates.
F4 The option vests and becomes exercisable, if at all, in four increments of 84,375 shares each if the fair market value per share of the Issuer's common stock increases 50%, 100%, 150% and 200%, respectively, above the exercise price of such option.

Remarks:

Exhibit 24 Power of Attorney