Nexus India Capital II Lp - Jul 23, 2021 Form 4 Insider Report for KALTURA INC (KLTR)

Role: 10%+ Owner
Signature: Nexus India Capital II, L.P. 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

Transactions Table

Type	Sym	Class	Transaction	Shares	Change %	Shares After	Date	Ownership	Footnotes
transaction	KLTR	Common Stock	Conversion of derivative security	+8.84 M		8.84 M	Jul 23, 2021	See footnote	F1, F2
transaction	KLTR	Common Stock	Conversion of derivative security	+6.33 M	+71.67%	15.2 M	Jul 23, 2021	See footnote	F1, F2
transaction	KLTR	Common Stock	Conversion of derivative security	+887 K	+5.85%	16.1 M	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 $	Date	Underlying Class	Amount	Ownership	Footnotes
transaction	KLTR	Series C Convertible Preferred Stock	Conversion of derivative security	$0	-1.96 M	-100%	$0.00	Jul 23, 2021	Common Stock	8.84 M	See footnote	F1, F2
transaction	KLTR	Series D Convertible Preferred Stock	Conversion of derivative security	$0	-1.41 M	-100%	$0.00	Jul 23, 2021	Common Stock	6.33 M	See footnote	F1, F2
transaction	KLTR	Series E Convertible Preferred Stock	Conversion of derivative security	$0	-197 K	-100%	$0.00	Jul 23, 2021	Common Stock	887 K	See footnote	F1, F2

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 by the Reporting Persons 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"). Narendra K. Gupta, a member of the Issuer's board of directors, 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.

Content

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 by the Reporting Persons in connection with such conversion. These shares had no expiration date.

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"). Narendra K. Gupta, a member of the Issuer's board of directors, 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.