Michal Tsur Form 3 KALTURA / Michal Tsur ownership change

SEC Form 3

FORM 3

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

INITIAL STATEMENT OF BENEFICIAL OWNERSHIP OF SECURITIES

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

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1. Name and Address of Reporting Person^*

Tsur Michal

(Last) (First) (Middle)

C/O KALTURA, INC.

250 PARK AVENUE SOUTH, 10TH FLOOR

(Street)

NEW YORK NY 10003

(City) (State) (Zip)

2. Date of Event Requiring Statement (Month/Day/Year)
07/21/2021

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

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

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

5. 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 Beneficially Owned
1. Title of Security (Instr. 4)	2. Amount of Securities Beneficially Owned (Instr. 4)	3. Ownership Form: Direct (D) or Indirect (I) (Instr. 5)	4. Nature of Indirect Beneficial Ownership (Instr. 5)
Common Stock	4,145,463	D

Table II - Derivative Securities Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 4)	2. Date Exercisable and Expiration Date (Month/Day/Year)		3. Title and Amount of Securities Underlying Derivative Security (Instr. 4)		4. Conversion or Exercise Price of Derivative Security	5. Ownership Form: Direct (D) or Indirect (I) (Instr. 5)	6. Nature of Indirect Beneficial Ownership (Instr. 5)
	Date Exercisable	Expiration Date	Title	Amount or Number of Shares
Employee Stock option (Right to Buy)	(1)	07/24/2022	Common Stock	170,626	0.08	D
Employee Stock option (Right to Buy)	(1)	10/14/2033	Common Stock	456,831	0.17	D
Employee Stock option (Right to Buy)	(1)	08/14/2028	Common Stock	459,000	1.58	D
Employee Stock option (Right to Buy)	(2)	12/23/2030	Common Stock	787,500	4.99	D
Employee Stock option (Right to Buy)	(3)	12/23/2030	Common Stock	787,500	13.34	D

Explanation of Responses:

1. The option is fully vested and exercisable.

2. The option vests and becomes exercisable in twelve equal quarterly installments beginning on April 1, 2021, subject to the Reporting Person's continued service through theapplicable vesting dates.

3. The option vests and becomes exercisable, if at all, in four increments of 196,875 shares each if the fair market value per share of the Issuer's common stock increases 50%, 100%, 150% and 200%, respectively, above the exercise price of such option.

Remarks:

Exhibit 24 Power of Attorney.; PRESIDENT, CHIEF MARKETING OFFICER AND GENERAL MANAGER, TECHNOLOGY SECTOR

	/s/ Byron Kahr, Attorney-in-Fact	07/21/2021
	** 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 5 (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).
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