[Form 4] KALTURA INC Insider Trading Activity

Rhea-AI Filing Summary

John N. Doherty, Chief Financial Officer of Kaltura Inc. (KLTR), reported a sale of 18,580 shares of common stock on 10/06/2025. The sale was executed under code S and represents shares sold to cover taxes and fees related to the settlement of restricted stock unit awards. The weighted average price for the transactions was $1.52, with individual trade prices ranging from $1.49 to $1.54.

After the reported disposition, the reporting person beneficially owns 1,423,180 shares. The Form 4 was signed by an attorney‑in‑fact on 10/08/2025. No derivative securities were reported on this Form 4.

Positive

• Transaction transparently reported via Form 4 with full price range disclosure
• Sale linked to RSU tax withholding, indicating administrative rather than opportunistic liquidation

Negative

• Insider sold 18,580 shares, which modestly reduces insider-held shares
• Weighted average sale price was low at $1.52, reflecting market price at time of sale

Insights

Corporate Governance Analyst

TL;DR: CFO completed a routine RSU tax‑withholding sale totaling 18,580 shares at a weighted $1.52.

The transaction is described as an automatic sale to satisfy tax and fee obligations arising from the settlement of restricted stock units. Such withholdings are common and do not necessarily indicate a discretionary cash‑raising sale by the officer. The filing shows a weighted average sale price of $1.52 with trades between $1.49 and $1.54, executed on 10/06/2025.

Key dependencies include ongoing equity compensation schedules and the company’s RSU vesting activity; these determine the frequency and size of similar withholding sales. Investors may monitor subsequent Section 16 filings or the company’s equity compensation disclosures for future withholding events within the next 3–12 months.

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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hours per response:			0.5

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^*

Doherty John N.

(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)

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

3. Date of Earliest Transaction (Month/Day/Year)
10/06/2025

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	10/06/2025		S(1)		18,580	D	$1.52(2)	1,423,180	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. Represents shares automatically sold to cover taxes and fees in connection with the settlement of certain restricted stock unit awards in accordance with the terms of such awards.

2. The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $1.49 to $1.54, inclusive. The Reporting Person undertakes to provide to the Issuer, any security holder of the Issuer, or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the range set forth in this footnote.

Remarks:

	Zvi Maayan, Attorney-in-Fact for John Doherty	10/08/2025
	** 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

What did Kaltura CFO John Doherty report on Form 4 (KLTR)?

The filing reports a sale of 18,580 common shares on 10/06/2025, completed to cover taxes and fees from RSU settlement, at a weighted average price of $1.52.

How many shares does John Doherty own after the reported transaction?

After the disposition, the reporting person beneficially owns 1,423,180 shares.

Was this sale discretionary or an automatic tax withholding?

The filing states the shares were automatically sold to cover taxes and fees in connection with RSU settlement, indicating a withholding sale rather than a discretionary sale.

What price range was disclosed for the sale on the Form 4?

The shares were sold in multiple transactions at prices ranging from $1.49 to $1.54, with a weighted average of $1.52.

Were any derivative securities reported by the reporting person?

No derivative securities were reported on this Form 4; Table II shows no entries for options, warrants, or other derivatives.