KALTURA INC

(a) On August 4, 2025, the Company’s Board of Directors approved the 2025 Reorganization Plan, which includes, among other things, downsizing approximately 10% of the Company’s current workforce and adapting the Company’s organizational structure, roles, and responsibilities accordingly. The total cost reduction from the downsizing on an annualized basis is expected to be approximately $8.5 million. The 2025 Reorganization Plan is focused on realigning the Company’s operations to further increase efficiency and productivity following the adoption of enhanced AI-based technologies aimed to increase efficiency and productivity throughout the Company’s operations, align the Company’s business strategy and support the Company’s growth and profitability initiatives. In connection with the 2025 Reorganization Plan, the Company expects to incur pre-tax charges of approximately $0.7 million, primarily for severance and related costs, all of which are expected to be expensed in the third quarter of 2025. All of these charges are expected to result in cash expenditures. The 2025 Reorganization Plan is expected to be substantially completed in the third quarter of 2025.

(b) During the three months ended June 30, 2025, no directors or officers of the Company adopted or terminated a “Rule 10b5-1 trading arrangement” or “non-Rule 10b5-1 trading arrangement,” as each term is defined in Item in Item 408(a) of Regulation S-K.