KALTURA INC — Director's Dealing 2021

Jul 28, 2021

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: KALTURA INC (KLTR)
CIK: 0001432133
Period of Report: 2021-07-23

Reporting Person: .406 Ventures I GP, LLC (10% Owner)
Reporting Person: .406 Ventures I GP, L.P. (10% Owner)
Reporting Person: CIRINO MARIA (10% Owner)
Reporting Person: LIAM DONOHUE (10% Owner)
Reporting Person: Point 406 Ventures I, L.P. (10% Owner)
Reporting Person: Point203X2SPV, LLC (10% Owner)
Reporting Person: Point 406 Ventures Opportunities Fund II, L.P. (10% Owner)
Reporting Person: Point 406 Ventures I-A, L.P. (10% Owner)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2021-07-23	Common Stock	C	10359967	—	Acquired	10359967	Indirect
2021-07-23	Common Stock	C	2637679	—	Acquired	12997646	Indirect
2021-07-23	Common Stock	C	2940583	—	Acquired	15938229	Indirect
2021-07-23	Common Stock	C	573556	—	Acquired	16511785	Indirect
2021-07-23	Common Stock	C	50440	—	Acquired	50440	Indirect
2021-07-23	Common Stock	C	12843	—	Acquired	63283	Indirect
2021-07-23	Common Stock	C	14386	—	Acquired	77669	Indirect
2021-07-23	Common Stock	C	2794	—	Acquired	80463	Indirect
2021-07-23	Common Stock	C	975375	—	Acquired	975375	Indirect
2021-07-23	Common Stock	P	200000	$10	Acquired	200000	Indirect

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2021-07-23	Series B Convertible Preferred Stock	$	C	2302215	Disposed		Common Stock (10359967.0)	Indirect
2021-07-23	Series C Convertible Preferred Stock	$	C	586151	Disposed		Common Stock (2637679.0)	Indirect
2021-07-23	Series D Convertible Preferred Stock	$	C	653463	Disposed		Common Stock (2940583.0)	Indirect
2021-07-23	Series E Convertible Preferred Stock	$	C	127457	Disposed		Common Stock (573556.0)	Indirect
2021-07-23	Series B Convertible Preferred Stock	$	C	11209	Disposed		Common Stock (50440.0)	Indirect
2021-07-23	Series C Convertible Preferred Stock	$	C	2854	Disposed		Common Stock (12843.0)	Indirect
2021-07-23	Series D Convertible Preferred Stock	$	C	3197	Disposed		Common Stock (14386.0)	Indirect
2021-07-23	Series E Convertible Preferred Stock	$	C	621	Disposed		Common Stock (2794.0)	Indirect
2021-07-23	Series E Convertible Preferred Stock	$	C	216750	Disposed		Common Stock (975375.0)	Indirect

Footnotes

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").