Item 5.02. Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers.

On January 25, 2023, the Board of Directors (the "Board") of Kaltura, Inc. (the "Company") increased the size of the Board from five to six directors and appointed Eyal Manor as a Class I director of the Company, effective immediately.

Mr. Manor will participate in the Company's Non-Employee Director Compensation Policy, including a $30,000 annual retainer for his service on the Board. On the effective date of his appointment, Mr. Manor received an award of restricted stock units with a grant date fair value of $180,000, pro-rated to reflect his actual period of service during the year following the Company's 2022 annual meeting of stockholders (the "Initial Award"). The Initial Award will vest in full on the earlier of (i) the day immediately preceding the date of the first annual meeting of the Company's stockholders following the grant date and (ii) the first anniversary of the grant date, subject to Mr. Manor's continued service on the Board through the applicable vesting date.

In connection with his appointment, Mr. Manor entered into the Company's standard indemnification agreement for directors and officers.

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