SEC FORM 4

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

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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).

1. Name and Address of Reporting Person^*

.406 Ventures I GP, LLC

(Last)

(First)

(Middle)

470 ATLANTIC AVENUE

12TH FLOOR

(Street)

BOSTON

02110

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

3. Date of Earliest Transaction (Month/Day/Year)
07/23/2021

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

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

	Form filed by One Reporting Person
X	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)
1. Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	Code	V	Amount	(A) or (D)	Price		6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)
Common Stock	07/23/2021		C		10,359,967	A	⁽¹⁾	10,359,967	I	See footnotes⁽²⁾⁽³⁾
Common Stock	07/23/2021		C		2,637,679	A	⁽¹⁾	12,997,646	I	See footnotes⁽²⁾⁽³⁾
Common Stock	07/23/2021		C		2,940,583	A	⁽¹⁾	15,938,229	I	See footnotes⁽²⁾⁽³⁾
Common Stock	07/23/2021		C		573,556	A	⁽¹⁾	16,511,785	I	See footnotes⁽²⁾⁽³⁾
Common Stock	07/23/2021		C		50,440	A	⁽¹⁾	50,440	I	See footnotes⁽³⁾⁽⁴⁾
Common Stock	07/23/2021		C		12,843	A	⁽¹⁾	63,283	I	See footnotes⁽³⁾⁽⁴⁾
Common Stock	07/23/2021		C		14,386	A	⁽¹⁾	77,669	I	See footnotes⁽³⁾⁽⁴⁾
Common Stock	07/23/2021		C		2,794	A	⁽¹⁾	80,463	I	See footnotes⁽³⁾⁽⁴⁾
Common Stock	07/23/2021		C		975,375	A	⁽¹⁾	975,375	I	See footnotes⁽³⁾⁽⁵⁾
Common Stock	07/23/2021		P		200,000	A	$10	200,000	I	See footnotes⁽³⁾⁽⁶⁾

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)
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)	Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares	8. Price of Derivative Security (Instr. 5)		10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)
Series B Convertible Preferred Stock	⁽¹⁾	07/23/2021		C			2,302,215	⁽¹⁾	⁽¹⁾	Common Stock	10,359,967	$0	0	I	See footnotes⁽²⁾⁽³⁾
Series C Convertible Preferred Stock	⁽¹⁾	07/23/2021		C			586,151	⁽¹⁾	⁽¹⁾	Common Stock	2,637,679	$0	0	I	See footnotes⁽²⁾⁽³⁾
Series D Convertible Preferred Stock	⁽¹⁾	07/23/2021		C			653,463	⁽¹⁾	⁽¹⁾	Common Stock	2,940,583	$0	0	I	See footnotes⁽²⁾⁽³⁾
Series E Convertible Preferred Stock	⁽¹⁾	07/23/2021		C			127,457	⁽¹⁾	⁽¹⁾	Common Stock	573,556	$0	0	I	See footnotes⁽²⁾⁽³⁾
Series B Convertible Preferred Stock	⁽¹⁾	07/23/2021		C			11,209	⁽¹⁾	⁽¹⁾	Common Stock	50,440	$0	0	I	See footnotes⁽³⁾⁽⁴⁾
Series C Convertible Preferred Stock	⁽¹⁾	07/23/2021		C			2,854	⁽¹⁾	⁽¹⁾	Common Stock	12,843	$0	0	I	See footnotes⁽³⁾⁽⁴⁾
Series D Convertible Preferred Stock	⁽¹⁾	07/23/2021		C			3,197	⁽¹⁾	⁽¹⁾	Common Stock	14,386	$0	0	I	See footnotes⁽³⁾⁽⁴⁾
Series E Convertible Preferred Stock	⁽¹⁾	07/23/2021		C			621	⁽¹⁾	⁽¹⁾	Common Stock	2,794	$0	0	I	See footnotes⁽³⁾⁽⁴⁾
Series E Convertible Preferred Stock	⁽¹⁾	07/23/2021		C			216,750	⁽¹⁾	⁽¹⁾	Common Stock	975,375	$0	0	I	See footnotes⁽³⁾⁽⁵⁾

1. Name and Address of Reporting Person^*

.406 Ventures I GP, LLC

(Last)

(First)

(Middle)

470 ATLANTIC AVENUE

12TH FLOOR

(Street)

BOSTON

02110

(City)

(State)

(Zip)

Relationship of Reporting Person(s) to Issuer

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

1. Name and Address of Reporting Person^*

.406 Ventures I GP, L.P.

(Last)

(First)

(Middle)

470 ATLANTIC AVENUE

12TH FLOOR

(Street)

BOSTON

02110

(City)

(State)

(Zip)

Relationship of Reporting Person(s) to Issuer

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

1. Name and Address of Reporting Person^*

CIRINO MARIA

(Last)

(First)

(Middle)

470 ATLANTIC AVENUE

12TH FLOOR

(Street)

BOSTON

02110

(City)

(State)

(Zip)

Relationship of Reporting Person(s) to Issuer

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

1. Name and Address of Reporting Person^*

LIAM DONOHUE

(Last)

(First)

(Middle)

470 ATLANTIC AVENUE

12TH FLOOR

(Street)

BOSTON

02110

(City)

(State)

(Zip)

Relationship of Reporting Person(s) to Issuer

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

1. Name and Address of Reporting Person^*

Point 406 Ventures I, L.P.

(Last)

(First)

(Middle)

470 ATLANTIC AVENUE

12TH FLOOR

(Street)

BOSTON

02110

(City)

(State)

(Zip)

Relationship of Reporting Person(s) to Issuer

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

1. Name and Address of Reporting Person^*

Point203X2SPV, LLC

(Last)

(First)

(Middle)

470 ATLANTIC AVENUE

12TH FLOOR

(Street)

BOSTON

02110

(City)

(State)

(Zip)

Relationship of Reporting Person(s) to Issuer

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

1. Name and Address of Reporting Person^*

Point 406 Ventures Opportunities Fund II, L.P.

(Last)

(First)

(Middle)

470 ATLANTIC AVENUE

12TH FLOOR

(Street)

BOSTON

02110

(City)

(State)

(Zip)

Relationship of Reporting Person(s) to Issuer

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

1. Name and Address of Reporting Person^*

Point 406 Ventures I-A, L.P.

(Last)

(First)

(Middle)

470 ATLANTIC AVENUE

12TH FLOOR

(Street)

BOSTON

02110

(City)

(State)

(Zip)

Relationship of Reporting Person(s) to Issuer

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

Explanation of Responses:

1. Each share of Series B, 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.

2. Represents securities held by Point 406 Ventures I, L.P. ("Ventures I L.P.").

3. .406 Ventures I GP, L.P. ("Ventures GP") is the general partner of each of Ventures I L.P., Ventures I-A L.P. and Opportunities Fund II, L.P., and the manager of SPV LLC. .406 Ventures I GP, LLC is the general partner of Ventures GP. Maria Cirino and Liam Donohue are the managing members of .406 Ventures I GP, LLC and, as a result, may be deemed to share voting and investment power with respect to the shares held by the Point 406 Ventures Funds. Each of the Reporting Persons disclaims beneficial ownership of the securities held by the other Reporting Persons except to the extent of such Reporting Person's pecuniary interest therein, if any.

4. Represents securities held by Point 406 Ventures I-A, L.P. ("Ventures I-A L.P.").

5. Represents securities held by Point203X2SPV, LLC ("SPV LLC").

6. Represents securities held by Point 406 Ventures Opportunities Fund II, L.P. ("Opportunities Fund II, L.P." and, together with Ventures I, L.P., Ventures I-A, L.P. and SPV LLC, the "Point 406 Ventures Funds").

Remarks:

Exhibit 24 Power of Attorney.

	POINT 406 VENTURES I, L.P. By: /s/ Byron Kahr, Attorney-in-Fact	07/27/2021
	POINT 406 VENTURES I-A, L.P. By: /s/ Byron Kahr, Attorney-in-Fact	07/27/2021
	.406 VENTURES I GP, L.P. By: /s/ Byron Kahr, Attorney-in-Fact	07/27/2021
	MARIA CIRINO By: /s/ Byron Kahr, Attorney-in-Fact	07/27/2021
	LIAM DONOHUE By: /s/ Byron Kahr, Attorney-in-Fact	07/27/2021
	POINT203X2SPV, LLC By: /s/ Byron Kahr, Attorney-in-Fact	07/27/2021
	.406 VENTURES I GP, LLC By: /s/ Byron Kahr, Attorney-in-Fact	07/27/2021
	POINT 406 VENTURES OPPORTUNITIES FUND II, L.P. By: /s/ Byron Kahr, Attorney-in-Fact	07/27/2021
	** 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 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).
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