Narendra Gupta - Jul 23, 2021 Form 4 Insider Report for KALTURA INC (KLTR)

Signature
By: /s/ Byron Kahr, Attorney-in-Fact
Stock symbol
KLTR
Transactions as of
Jul 23, 2021
Transactions value $
$0
Form type
4
Date filed
7/27/2021, 08:59 PM
Previous filing
Jul 21, 2021
Next filing
Aug 16, 2021

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction KLTR Common Stock Conversion of derivative security $0 +8.84M $0.00 8.84M Jul 23, 2021 See footnote F1, F2
transaction KLTR Common Stock Conversion of derivative security $0 +6.33M +71.67% $0.00 15.2M Jul 23, 2021 See footnote F1, F2
transaction KLTR Common Stock Conversion of derivative security $0 +887K +5.85% $0.00 16.1M Jul 23, 2021 See footnote F1, F2

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 C Convertible Preferred Stock Conversion of derivative security $0 -1.96M -100% $0.00* 0 Jul 23, 2021 Common Stock 8.84M See footnote F1, F2
transaction KLTR Series D Convertible Preferred Stock Conversion of derivative security $0 -1.41M -100% $0.00* 0 Jul 23, 2021 Common Stock 6.33M See footnote F1, F2
transaction KLTR Series E Convertible Preferred Stock Conversion of derivative security $0 -197K -100% $0.00* 0 Jul 23, 2021 Common Stock 887K See footnote F1, F2
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Each share of 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 in connection with such conversion. These shares had no expiration date.
F2 Represents securities held by Nexus India Capital II, L.P. ("Nexus Capital"). Nexus India Management II, L.P. ("Nexus Management") is the general partner of Nexus Capital. The general partner of Nexus Management is Nexus India Master Management I, Ltd. ("Nexus Master"). The Reporting Person holds sole voting and investment power in Nexus Master and, as a result, may be deemed to hold sole voting and investment power over the shares held by Nexus Capital. The Reporting Person disclaims beneficial ownership of these shares except to the extent of his pecuniary interest therein, if any.