.406 Ventures I GP, LLC - 23 Jul 2021 Form 4 Insider Report for KALTURA INC (KLTR)

Role
10%+ Owner
Signature
POINT 406 VENTURES I, L.P. By: /s/ Byron Kahr, Attorney-in-Fact
Issuer symbol
KLTR
Transactions as of
23 Jul 2021
Net transactions value
+$2,000,000
Form type
4
Filing time
27 Jul 2021, 20:58:30 UTC
Previous filing
21 Jul 2021
SEC
View on sec.gov

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction KLTR Common Stock Conversion of derivative security +10,359,967 10,359,967 23 Jul 2021 See footnotes F1, F2, F3
transaction KLTR Common Stock Conversion of derivative security +2,637,679 +25% 12,997,646 23 Jul 2021 See footnotes F1, F2, F3
transaction KLTR Common Stock Conversion of derivative security +2,940,583 +23% 15,938,229 23 Jul 2021 See footnotes F1, F2, F3
transaction KLTR Common Stock Conversion of derivative security +573,556 +3.6% 16,511,785 23 Jul 2021 See footnotes F1, F2, F3
transaction KLTR Common Stock Conversion of derivative security +50,440 50,440 23 Jul 2021 See footnotes F1, F3, F4
transaction KLTR Common Stock Conversion of derivative security +12,843 +25% 63,283 23 Jul 2021 See footnotes F1, F3, F4
transaction KLTR Common Stock Conversion of derivative security +14,386 +23% 77,669 23 Jul 2021 See footnotes F1, F3, F4
transaction KLTR Common Stock Conversion of derivative security +2,794 +3.6% 80,463 23 Jul 2021 See footnotes F1, F3, F4
transaction KLTR Common Stock Conversion of derivative security +975,375 975,375 23 Jul 2021 See footnotes F1, F3, F5
transaction KLTR Common Stock Purchase $2,000,000 +200,000 $10.00 200,000 23 Jul 2021 See footnotes F3, F6

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
transaction KLTR Series B Convertible Preferred Stock Conversion of derivative security $0 -2,302,215 -100% $0.000000* 0 23 Jul 2021 Common Stock 10,359,967 See footnotes F1, F2, F3
transaction KLTR Series C Convertible Preferred Stock Conversion of derivative security $0 -586,151 -100% $0.000000* 0 23 Jul 2021 Common Stock 2,637,679 See footnotes F1, F2, F3
transaction KLTR Series D Convertible Preferred Stock Conversion of derivative security $0 -653,463 -100% $0.000000* 0 23 Jul 2021 Common Stock 2,940,583 See footnotes F1, F2, F3
transaction KLTR Series E Convertible Preferred Stock Conversion of derivative security $0 -127,457 -100% $0.000000* 0 23 Jul 2021 Common Stock 573,556 See footnotes F1, F2, F3
transaction KLTR Series B Convertible Preferred Stock Conversion of derivative security $0 -11,209 -100% $0.000000* 0 23 Jul 2021 Common Stock 50,440 See footnotes F1, F3, F4
transaction KLTR Series C Convertible Preferred Stock Conversion of derivative security $0 -2,854 -100% $0.000000* 0 23 Jul 2021 Common Stock 12,843 See footnotes F1, F3, F4
transaction KLTR Series D Convertible Preferred Stock Conversion of derivative security $0 -3,197 -100% $0.000000* 0 23 Jul 2021 Common Stock 14,386 See footnotes F1, F3, F4
transaction KLTR Series E Convertible Preferred Stock Conversion of derivative security $0 -621 -100% $0.000000* 0 23 Jul 2021 Common Stock 2,794 See footnotes F1, F3, F4
transaction KLTR Series E Convertible Preferred Stock Conversion of derivative security $0 -216,750 -100% $0.000000* 0 23 Jul 2021 Common Stock 975,375 See footnotes F1, F3, F5
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Each share of Series B, Series C, Series D and Series E convertible preferred stock automatically converted into 4.5 shares of the Issuer's common stock immediately prior to the closing of the Issuer's initial public offering (subject to the payment of cash in lieu of fractional shares in accordance with the Issuer's certificate of incorporation). No consideration was paid by the Reporting Persons in connection with such conversion. These shares had no expiration date.
F2 Represents securities held by Point 406 Ventures I, L.P. ("Ventures I L.P.").
F3 .406 Ventures I GP, L.P. ("Ventures GP") is the general partner of each of Ventures I L.P., Ventures I-A L.P. and Opportunities Fund II, L.P., and the manager of SPV LLC. .406 Ventures I GP, LLC is the general partner of Ventures GP. Maria Cirino and Liam Donohue are the managing members of .406 Ventures I GP, LLC and, as a result, may be deemed to share voting and investment power with respect to the shares held by the Point 406 Ventures Funds. Each of the Reporting Persons disclaims beneficial ownership of the securities held by the other Reporting Persons except to the extent of such Reporting Person's pecuniary interest therein, if any.
F4 Represents securities held by Point 406 Ventures I-A, L.P. ("Ventures I-A L.P.").
F5 Represents securities held by Point203X2SPV, LLC ("SPV LLC").
F6 Represents securities held by Point 406 Ventures Opportunities Fund II, L.P. ("Opportunities Fund II, L.P." and, together with Ventures I, L.P., Ventures I-A, L.P. and SPV LLC, the "Point 406 Ventures Funds").

Remarks:

Exhibit 24 Power of Attorney.