RSU grant increases Kaltura (NASDAQ: KLTR) director David Shay’s holdings
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
David Shay reported acquisition or exercise transactions in this Form 4 filing.
Kaltura Inc. director David Shay received an equity grant in the form of restricted stock units. The award covers 133,333 shares of common stock at a stated price of $0.00 per share, increasing his direct holdings to 1,579,926 shares after the transaction.
Each RSU represents a contingent right to receive one Kaltura common share. The RSUs will vest on the earlier of the day immediately before the first Annual Meeting following the grant date or the first anniversary of the grant date, as long as Shay continues serving as a Non-Employee Director through that vesting date.
Positive
- None.
Negative
- None.
Insider Trade Summary
1 transaction reported
Mixed
1 txn
Insider
David Shay
Role
null
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Common Stock | 133,333 | $0.00 | -- |
Holdings After Transaction:
Common Stock — 1,579,926 shares (Direct, null)
Footnotes (1)
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Key Figures
RSUs granted: 133,333 shares
Grant price: $0.00 per share
Holdings after grant: 1,579,926 shares
+1 more
4 metrics
RSUs granted
133,333 shares
Restricted stock units representing Kaltura common stock
Grant price
$0.00 per share
Stated price for the RSU equity award
Holdings after grant
1,579,926 shares
Total Kaltura common shares directly held by David Shay after transaction
Vesting trigger
Earlier of first Annual Meeting or 1-year anniversary
RSUs vest based on board schedule and time from grant
Key Terms
restricted stock units ("RSUs"), Annual Meeting, Non-Employee Director, contingent right
4 terms
restricted stock units ("RSUs") financial
"The Reporting Person was granted restricted stock units ("RSUs"), which each represent a contingent right to receive one share"
Restricted stock units (RSUs) are a company promise to give an employee shares of stock (or cash equivalent) in the future, but only after certain conditions—usually staying with the company for a set time or hitting performance goals—are met. Investors watch RSUs because when they vest they increase the number of shares outstanding and can lead insiders to sell shares, affecting share price, company dilution and the true cost of employee pay.
Annual Meeting financial
"The RSUs will vest on the earlier of (i) the day immediately preceding the date of the first Annual Meeting following the date of grant"
A company's annual meeting is a yearly gathering where owners (shareholders) and the board review performance, ask questions, and vote on key matters like electing directors, approving auditor choices, and sometimes setting pay or dividend policies. For investors it matters because decisions made and votes cast can change who runs the company, influence strategy and payouts, and affect the value or direction of their investment—similar to a homeowners’ meeting where rules and leaders that shape your property’s value are decided.
Non-Employee Director financial
"subject to the Non-Employee Director continuing in service on the Board through the applicable vesting date"
contingent right financial
"which each represent a contingent right to receive one share of common stock of Kaltura, Inc."
FAQ
What did Kaltura (KLTR) director David Shay report in this Form 4?
David Shay reported receiving a grant of restricted stock units representing 133,333 Kaltura common shares. This compensation-related award increased his direct holdings to 1,579,926 shares following the transaction, according to the Form 4 filing.
When do David Shay’s Kaltura (KLTR) RSUs vest?
The RSUs vest on the earlier of the day immediately preceding the first Annual Meeting after the grant date or the first anniversary of the grant. Vesting requires that Shay continue serving as a Non-Employee Director on Kaltura’s board through the applicable vesting date.
Is David Shay’s Kaltura (KLTR) RSU award an open-market purchase or compensation grant?
The award is a compensation-related grant of restricted stock units, not an open-market share purchase. The RSUs were granted at a stated price of $0.00 per share and vest based on continued board service, according to the Form 4 footnote.
What are David Shay’s Kaltura (KLTR) holdings after this RSU grant?
Following the RSU grant, David Shay directly holds 1,579,926 Kaltura common shares. This total includes the newly awarded 133,333 restricted stock units reported in the Form 4, which are subject to future vesting based on continued board service.
What service condition applies to David Shay’s Kaltura (KLTR) RSU vesting?
Vesting requires that Shay continue in service as a Non-Employee Director on Kaltura’s board through the vesting date. The vesting date is the earlier of the day before the next Annual Meeting after grant or the first anniversary of the grant date.