[Form 4] Kaltura, Inc. Insider Trading Activity

Rhea-AI Filing Summary

Kaltura director Naama Halevi-Davidov received a grant of 86,852 restricted stock units (RSUs) on June 25, 2025, increasing her total direct beneficial ownership to 462,306 shares.

Key terms of the RSU grant:

• Each RSU represents a contingent right to receive one share of Kaltura common stock
• Vesting occurs at the earlier of: - Day before the next annual stockholders meeting - First anniversary of grant date
• Vesting is contingent on continued service on Board of Directors

The Form 4 filing was submitted by attorney-in-fact Zvi Maayan on June 27, 2025, within the required two-business-day reporting window for insider transactions. This equity grant appears to be part of Kaltura's director compensation program.

Positive

• Director Naama Halevi-Davidov received 86,852 RSUs as part of board compensation, demonstrating alignment with shareholder interests and retention of key board talent

Negative

• None.

SEC Form 4

FORM 4

UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934
or Section 30(h) of the Investment Company Act of 1940

OMB APPROVAL

OMB Number:			3235-0287
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Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).

Check this box to indicate that a transaction was made pursuant to a contract, instruction or written plan for the purchase or sale of equity securities of the issuer that is intended to satisfy the affirmative defense conditions of Rule 10b5-1(c). See Instruction 10.

1. Name and Address of Reporting Person^*

Halevi-Davidov Naama

(Last) (First) (Middle)

C/O KALTURA, INC.

860 BROADWAY 3RD FLOOR

(Street)

NEW YORK NY 10003

(City) (State) (Zip)

2. Issuer Name and Ticker or Trading Symbol
KALTURA INC [ KLTR ]

5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)

X	Director		10% Owner
	Officer (give title below)		Other (specify below)

3. Date of Earliest Transaction (Month/Day/Year)
06/25/2025

4. If Amendment, Date of Original Filed (Month/Day/Year)

6. Individual or Joint/Group Filing (Check Applicable Line)

X	Form filed by One Reporting Person
	Form filed by More than One Reporting Person

Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1. Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	3. Transaction Code (Instr. 8)		4. Securities Acquired (A) or Disposed Of (D) (Instr. 3, 4 and 5)			5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4)	6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)
			Code	V	Amount	(A) or (D)	Price
Common Stock	06/25/2025		A		86,852	A	(1)	462,306	D

Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 3)	2. Conversion or Exercise Price of Derivative Security	3. Transaction Date (Month/Day/Year)	3A. Deemed Execution Date, if any (Month/Day/Year)	4. Transaction Code (Instr. 8)		5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5)		6. Date Exercisable and Expiration Date (Month/Day/Year)		7. Title and Amount of Securities Underlying Derivative Security (Instr. 3 and 4)		8. Price of Derivative Security (Instr. 5)	9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4)	10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)
				Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares

Explanation of Responses:

1. The Reporting Person was granted restricted stock units ("RSUs"), which each represent a contingent right to receive one share of common stock of Kaltura, Inc. (the "Company"). The RSUs will vest on the earlier of (i) the day immediately preceding the date of the first annual meeting of the Company's stockholders following the date of grant and (ii) the first anniversary of the date of grant, subject to the Reporting Person's continuing service on the Company's Board of Directors through the applicable vesting date.

Remarks:

	Zvi Maayan, Attorney-in-Fact for Naama Halevi-Davidov	06/27/2025
	** Signature of Reporting Person	Date
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* If the form is filed by more than one reporting person, see Instruction 4 (b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB Number.

FAQ

How many KLTR shares did director Naama Halevi-Davidov receive on June 25, 2025?

According to the Form 4 filing, director Naama Halevi-Davidov received 86,852 restricted stock units (RSUs) of KLTR common stock on June 25, 2025.

What is the vesting schedule for KLTR director Halevi-Davidov's RSU grant?

The RSUs will vest on the earlier of: (i) the day immediately preceding the first annual meeting of Kaltura's stockholders following the grant date, or (ii) the first anniversary of the grant date. Vesting is subject to Halevi-Davidov's continued service on KLTR's Board of Directors.

How many KLTR shares does Naama Halevi-Davidov own after the June 2025 RSU grant?

Following the reported RSU grant transaction, Naama Halevi-Davidov beneficially owns 462,306 shares of KLTR common stock directly (Form D ownership).

What positions does Naama Halevi-Davidov hold at KLTR?

According to the Form 4 filing, Naama Halevi-Davidov serves as a Director on Kaltura's Board of Directors. This is indicated by the 'X' marked in the Director box under Section 5 of the form.