Velarion · Company Intelligence
Compensation Brief
Fiscal year 2025 · Filings through 2026-07-29

Kaltura (KLTR)

Fiscal year 2025 executive and director compensation, incentive-plan design, equity activity, and governance — every figure in this brief is traceable to its exact location in the company’s SEC filing — the document, the section, the page, and the table, linked directly.

$6,412,754
Ron Yekutiel total, FY2025
CEO pay percentile vs peers
CEO-to-median pay ratio
Say-on-pay support, latest vote
Companies that benchmark against KLTR
9 companies name KLTR as a compensation peer

Each company listed discloses KLTR in its own benchmarking peer group, as disclosed in each company's most recent proxy statement within the last two proxy seasons. Two companies are therefore absent by design: one that named KLTR in an earlier year and no longer does, and one whose own most recent disclosure is older than the last two seasons.

01

Summary Compensation Table — fiscal year 2025

Named executive officerSalaryBonusStock awardsOption awardsNon-equity incentivePension / NQDCAll otherTotal
Ron Yekutiel$552,985$0$5,431,579$0$353,471$0$74,720$6,412,754
Chairman, President, Chief Executive Officer and Director
Eynav Azaria320,80401,561,5790163,768091,0212,137,172
Chief Product, Engineering and Marketing Officer
Natan Israeli320,36801,561,5790163,037090,5892,135,573
Chief Customer and Commercial Officer

A dash means the company reported no figure in that column; 0 means it reported zero. Figures are as printed in the filing, without adjustment.

Three-year trend — total compensation per named executive

Named executive officerFY2025 totalFY2024 totalFY2023 totalΔ FY20242025
Ron Yekutiel$6,412,754$5,232,055$1,514,060+1,180,699
Eynav Azaria2,137,1721,827,083+310,089
Natan Israeli2,135,5731,825,703+309,870

Prior-year totals as disclosed in the corresponding proxy; deltas are computed values with the derivation shown in the register.

02

Equity transactions since the proxy statement was filed

Every insider equity transaction reported on Form 4 after the 2025 proxy statement — acquisitions, dispositions, exercises, and withholdings — and therefore not reflected in any table in that document.

InsiderRoleTransaction dateCodeSharesPriceValueSecuritySource
Eynav AzariaSee Remarks2026-04-30D2,672$1$3,750CommonForm 4 ↗
Eynav AzariaSee Remarks2026-05-01D14,861121,468CommonForm 4 ↗
Natan IsraeliChief Customer Officer2026-05-04D5,13027,714CommonForm 4 ↗
Eynav AzariaSee Remarks2026-05-04D17,671126,026CommonForm 4 ↗
Eynav AzariaSee Remarks2026-05-05D86911,269CommonForm 4 ↗
Natan IsraeliChief Customer Officer2026-05-12D1002150CommonForm 4 ↗
Natan IsraeliChief Customer Officer2026-05-13D28,882243,704CommonForm 4 ↗
Natan IsraeliChief Customer Officer2026-05-14D6,33429,541CommonForm 4 ↗
Natan IsraeliChief Customer Officer2026-05-15D2,93324,402CommonForm 4 ↗
Natan IsraeliChief Customer Officer2026-05-18D9,829214,792CommonForm 4 ↗
Natan IsraeliChief Customer Officer2026-05-19D13,229220,045CommonForm 4 ↗
Natan IsraeliChief Customer Officer2026-05-20D13,965221,185CommonForm 4 ↗
Natan IsraeliChief Customer Officer2026-05-21D3,60025,408CommonForm 4 ↗
Natan IsraeliChief Customer Officer2026-05-22D1,83622,775CommonForm 4 ↗
Natan IsraeliChief Customer Officer2026-05-27D2002300CommonForm 4 ↗
Natan IsraeliChief Customer Officer2026-05-28D23,195235,233CommonForm 4 ↗
Natan IsraeliChief Customer Officer2026-05-29D21,854233,581CommonForm 4 ↗
Eynav AzariaSee Remarks2026-06-01D21,884234,303CommonForm 4 ↗
Natan IsraeliChief Customer Officer2026-06-01D22,877235,999CommonForm 4 ↗
Natan IsraeliChief Customer Officer2026-06-02D16,631225,307CommonForm 4 ↗
Eynav AzariaSee Remarks2026-06-02D7,412211,349CommonForm 4 ↗
Eynav AzariaSee Remarks2026-06-03D4351647CommonForm 4 ↗
Natan IsraeliChief Customer Officer2026-06-03D2002300CommonForm 4 ↗
Eynav AzariaSee Remarks2026-06-04D16,218123,309CommonForm 4 ↗
Eynav AzariaSee Remarks2026-06-05D2,76513,948CommonForm 4 ↗
Eynav AzariaSee Remarks2026-06-08D8,254111,606CommonForm 4 ↗
Eynav AzariaSee Remarks2026-06-09D6,97519,811CommonForm 4 ↗
Eynav AzariaSee Remarks2026-06-10D8,344111,788CommonForm 4 ↗
Eynav AzariaSee Remarks2026-06-11D4,21915,955CommonForm 4 ↗
Eynav AzariaSee Remarks2026-06-12D13,242118,690CommonForm 4 ↗
Natan IsraeliChief Customer Officer2026-06-15D4,59426,904CommonForm 4 ↗
Eynav AzariaSee Remarks2026-06-15D19,456128,869CommonForm 4 ↗
Eynav AzariaSee Remarks2026-06-16D12,073117,919CommonForm 4 ↗
Natan IsraeliChief Customer Officer2026-06-16D4,01326,030CommonForm 4 ↗
Eynav AzariaSee Remarks2026-06-17D4,44816,346CommonForm 4 ↗
Eynav AzariaSee Remarks2026-06-18D10,217114,345CommonForm 4 ↗
Naama Halevi-DavidovDirector2026-06-24A133,333RSUForm 4 ↗
Shay DavidDirector2026-06-24A133,333RSUForm 4 ↗
Greg DraconDirector2026-06-24A170,594RSUForm 4 ↗
Richard LevandovDirector2026-06-24A133,333RSUForm 4 ↗
Eyal ManorDirector2026-06-24A133,333RSUForm 4 ↗
Ronen FaierDirector2026-06-24A133,333RSUForm 4 ↗
Eyal ManorDirector2026-06-25D34,601145,033CommonForm 4 ↗
Eyal ManorDirector2026-06-26D8,825111,394CommonForm 4 ↗
Eynav AzariaSee Remarks2026-07-20D2,77713,896CommonForm 4 ↗
Eynav AzariaSee Remarks2026-07-20D3,48014,914CommonForm 4 ↗
Eynav AzariaSee Remarks2026-07-22D6,30118,972CommonForm 4 ↗
Natan IsraeliChief Customer Officer2026-07-27D1002150CommonForm 4 ↗

Transaction codes per Form 4: A acquisition · S open-market sale · F tax withholding · M option exercise · G gift. Value = shares × price as reported. Dividend-equivalent and fractional-share accrual rows (derivative Class A, under $10,000 and under 2,000 shares) are aggregated per date; every row appears in full below.

03

Grants of plan-based awards — fiscal year 2025

ExecutiveAwardGrant dateThresholdTargetGrantedMaximumGrant-date fair value
Natan IsraeliRSU$1,561,579
Ron YekutielRSU5,431,579
Eynav AzariaRSU1,561,579
03b

Vehicle mix — grant-date fair value by award type

Named executive officerTime-vested (RSU)Performance-vested (PSU)Options / SARs% performance-vested
Natan Israeli$1,561,579$0$00.0%
Ron Yekutiel5,431,579000.0%
Eynav Azaria1,561,579000.0%

% performance-vested = PSU grant-date fair value ÷ (RSU + PSU + Options), a computed value with the derivation shown in the register.

04

Outstanding equity awards at fiscal year-end 2025

ExecutiveAwardShares unvestedExercise priceMarket value unvested
Ron YekutielRSU915,336$1,510,151
Eynav AzariaRSU256,000419,840
Eynav AzariaRSU453,949744,476
Eynav AzariaRSU45,39574,448
Natan IsraeliRSU256,000419,840
Natan IsraeliRSU453,949744,476
Ron YekutielRSU1,578,9492,589,476
Natan IsraeliRSU37,99462,310
05

Incentive-plan design — the Compensation Discussion & Analysis

Kaltura's executive compensation program is designed to attract, retain, and motivate talented executives through a mix of fixed base salary, variable annual performance bonuses tied to predetermined company and individual goals, and long-term equity incentives in the form of RSUs. Compensation is intended to reflect executive skill, experience, role, and responsibilities while aligning executive interests with long-term stockholder value creation.

CEO STI target (% of salary)
CEO LTI target (% of salary)
Independent consultantFW Cook
Clawback policyTrue
Anti-hedgingTrue
Anti-pledgingfalse
07

CEO pay ratio

Ratio (CEO : median employee)
CEO total compensation
Median employee compensation
08

Director compensation — fiscal year 2025

DirectorCash feesStock awardsOption awardsNon-equity incentiveAll otherTotal
Ronen FaierIndependent · Lead Independent Director · Audit (Chair) · Compensation · Nominating and Corporate Governance (Chair)$63,000$180,000$0$0$0$243,000
Naama Halevi DavidovIndependent · Audit · Compensation (Chair)50,000180,000000230,000
Richard LevandovIndependent · Audit · Nominating and Corporate Governance44,000180,000000224,000
Shay DavidIndependent30,000180,000000210,000
Eyal ManorIndependent · Compensation · Nominating and Corporate Governance30,000180,000000210,000
Ron YekutielEmployee director · Board Chair00000
Greg DraconIndependent · Partial-year service · Newly elected000000
09

Board fee structure and ownership guideline

Annual cash retainer$30,000
Annual equity retainer$180,000
Per board meeting fee
Committee chair fees (audit / comp / nom-gov)10,000 / 8,000
Stock ownership guideline
09b

Total cost of the board

ComponentFY2025
Cash retainers and fees$217,000
Equity awards (grant-date value)$900,000
All other compensation$0
Total cost of the board$1,117,000

Computed as the sum of the director compensation table rows above; inputs and formula shown in the register.

10b

Chief executive pay against the peer group

Most recent fiscal-year chief executive compensation at each disclosed peer, taken from that company's own proxy statement.

RankCompanyFYChief executiveSalaryStock awardsOption awardsNon-equity incentiveTotal
1Kaltura2025Ron Yekutiel$552,985$5,431,579$0$353,471$6,412,754

Each peer's compensation is from its most recently filed proxy; fiscal years differ by company. Each peer's figures come from its own filings; the subject company is highlighted. Peers whose chief executive compensation is outside our coverage universe are stated as such, never left blank.

11

Source register

Each figure's location is given both for the eye (section · page · table · row · column) and for a script (table/row/column index and exact character span in the filed document). Any figure can be independently confirmed against the source.

#SupportsDocumentFiledAccessionLocation in document
1Section 01, Ron YekutielDEF 14A2026-04-300001140361-26-018319Section “Summary Compensation Table” · page 21. As printed: 6,412,754. Filing ↗machine: r2 · c18 · span 296558–296567
2Section 01, Eynav AzariaDEF 14A2026-04-300001140361-26-018319Section “Summary Compensation Table” · page 21. As printed: 2,137,172. Filing ↗machine: r4 · c18 · span 303333–303342
3Section 01, Natan IsraeliDEF 14A2026-04-300001140361-26-018319Section “Summary Compensation Table” · page 21. As printed: 2,135,573. Filing ↗machine: r6 · c18 · span 310113–310122
4Section 03, Natan Israeli RSUDEF 14A2026-04-300001140361-26-018319Section “TABLE OF CONTENTS EXECUTIVE COMPENSATION” · grants of plan-based awards table. Filing ↗machine: t72 · r6 · c9 · span 308413–308422
5Section 03, Ron Yekutiel RSUDEF 14A2026-04-300001140361-26-018319Section “TABLE OF CONTENTS EXECUTIVE COMPENSATION” · grants of plan-based awards table. Filing ↗machine: t72 · r2 · c9 · span 294861–294870
6Section 03, Eynav Azaria RSUDEF 14A2026-04-300001140361-26-018319Section “TABLE OF CONTENTS EXECUTIVE COMPENSATION” · grants of plan-based awards table. Filing ↗machine: t72 · r4 · c9 · span 301862–301871
7Section 07, pay ratio10-K2026-03-160001628280-26-018182Section “CEO Pay Ratio”. As printed: —. Filing ↗
8Section 08, Ronen FaierDEF 14A2026-04-300001140361-26-018319Section “Director Compensation”. As printed: 243,000. Filing ↗machine: t97 · r3 · c9 · span 507662–507670
9Section 08, Naama Halevi DavidovDEF 14A2026-04-300001140361-26-018319Section “Director Compensation”. As printed: 230,000. Filing ↗machine: t97 · r4 · c9 · span 509659–509667
10Section 08, Richard LevandovDEF 14A2026-04-300001140361-26-018319Section “Director Compensation”. As printed: 224,000. Filing ↗machine: t97 · r5 · c9 · span 511382–511390
11Section 08, Shay DavidDEF 14A2026-04-300001140361-26-018319Section “Director Compensation”. As printed: 210,000. Filing ↗machine: t97 · r2 · c9 · span 505944–505952
12Section 08, Eyal ManorDEF 14A2026-04-300001140361-26-018319Section “Director Compensation”. As printed: 210,000. Filing ↗machine: t97 · r6 · c9 · span 513273–513281
13Section 08, Ron YekutielDEF 14A2026-04-300001140361-26-018319Section “Director Compensation”. As printed: 0. Filing ↗
14Section 08, Greg DraconDEF 14A2026-04-300001140361-26-018319Section “Director Compensation”. As printed: 0. Filing ↗
15Section 02, Eynav Azaria 2026-04-30Form 42026-05-040001628280-26-029647Insider equity transaction reported since the proxy statement. Filing ↗
16Section 02, Eynav Azaria 2026-05-01Form 42026-05-040001628280-26-029749Insider equity transaction reported since the proxy statement. Filing ↗
17Section 02, Natan Israeli 2026-05-04Form 42026-05-060001628280-26-031117Insider equity transaction reported since the proxy statement. Filing ↗
18Section 02, Eynav Azaria 2026-05-04Form 42026-05-060001628280-26-031135Insider equity transaction reported since the proxy statement. Filing ↗
19Section 02, Eynav Azaria 2026-05-05Form 42026-05-070001628280-26-031884Insider equity transaction reported since the proxy statement. Filing ↗
20Section 02, Natan Israeli 2026-05-12Form 42026-05-140001628280-26-035009Insider equity transaction reported since the proxy statement. Filing ↗
21Section 02, Natan Israeli 2026-05-13Form 42026-05-180001628280-26-035802Insider equity transaction reported since the proxy statement. Filing ↗
22Section 02, Natan Israeli 2026-05-14Form 42026-05-180001628280-26-035859Insider equity transaction reported since the proxy statement. Filing ↗
23Section 02, Natan Israeli 2026-05-15Form 42026-05-190001628280-26-036128Insider equity transaction reported since the proxy statement. Filing ↗
24Section 02, Natan Israeli 2026-05-18Form 42026-05-200001628280-26-036776Insider equity transaction reported since the proxy statement. Filing ↗
25Section 02, Natan Israeli 2026-05-19Form 42026-05-220001628280-26-037568Insider equity transaction reported since the proxy statement. Filing ↗
26Section 02, Natan Israeli 2026-05-20Form 42026-05-220001628280-26-037595Insider equity transaction reported since the proxy statement. Filing ↗
27Section 02, Natan Israeli 2026-05-21Form 42026-05-220001628280-26-037672Insider equity transaction reported since the proxy statement. Filing ↗
28Section 02, Natan Israeli 2026-05-22Form 42026-05-260001628280-26-037989Insider equity transaction reported since the proxy statement. Filing ↗
29Section 02, Natan Israeli 2026-05-27Form 42026-06-010001628280-26-039305Insider equity transaction reported since the proxy statement. Filing ↗
30Section 02, Natan Israeli 2026-05-28Form 42026-06-010001628280-26-039422Insider equity transaction reported since the proxy statement. Filing ↗
31Section 02, Natan Israeli 2026-05-29Form 42026-06-020001628280-26-039776Insider equity transaction reported since the proxy statement. Filing ↗
32Section 02, Eynav Azaria 2026-06-01Form 42026-06-020001628280-26-039779Insider equity transaction reported since the proxy statement. Filing ↗
33Section 02, Natan Israeli 2026-06-01Form 42026-06-030001628280-26-040071Insider equity transaction reported since the proxy statement. Filing ↗
34Section 02, Natan Israeli 2026-06-02Form 42026-06-040001628280-26-040702Insider equity transaction reported since the proxy statement. Filing ↗
35Section 02, Eynav Azaria 2026-06-02Form 42026-06-030001628280-26-040068Insider equity transaction reported since the proxy statement. Filing ↗
36Section 02, Eynav Azaria 2026-06-03Form 42026-06-040001628280-26-040705Insider equity transaction reported since the proxy statement. Filing ↗
37Section 02, Natan Israeli 2026-06-03Form 42026-06-040001628280-26-040707Insider equity transaction reported since the proxy statement. Filing ↗
38Section 02, Eynav Azaria 2026-06-04Form 42026-06-080001628280-26-041448Insider equity transaction reported since the proxy statement. Filing ↗
39Section 02, Eynav Azaria 2026-06-05Form 42026-06-080001628280-26-041456Insider equity transaction reported since the proxy statement. Filing ↗
40Section 02, Eynav Azaria 2026-06-08Form 42026-06-100001628280-26-042144Insider equity transaction reported since the proxy statement. Filing ↗
41Section 02, Eynav Azaria 2026-06-09Form 42026-06-150001628280-26-043112Insider equity transaction reported since the proxy statement. Filing ↗
42Section 02, Eynav Azaria 2026-06-10Form 42026-06-160001628280-26-043407Insider equity transaction reported since the proxy statement. Filing ↗
43Section 02, Eynav Azaria 2026-06-11Form 42026-06-160001628280-26-043443Insider equity transaction reported since the proxy statement. Filing ↗
44Section 02, Eynav Azaria 2026-06-12Form 42026-06-160001628280-26-043474Insider equity transaction reported since the proxy statement. Filing ↗
45Section 02, Natan Israeli 2026-06-15Form 42026-06-170001628280-26-043723Insider equity transaction reported since the proxy statement. Filing ↗
46Section 02, Eynav Azaria 2026-06-15Form 42026-06-170001628280-26-043721Insider equity transaction reported since the proxy statement. Filing ↗
47Section 02, Eynav Azaria 2026-06-16Form 42026-06-170001628280-26-043749Insider equity transaction reported since the proxy statement. Filing ↗
48Section 02, Natan Israeli 2026-06-16Form 42026-06-170001628280-26-043747Insider equity transaction reported since the proxy statement. Filing ↗
49Section 02, Eynav Azaria 2026-06-17Form 42026-06-180001628280-26-044128Insider equity transaction reported since the proxy statement. Filing ↗
50Section 02, Eynav Azaria 2026-06-18Form 42026-06-220001628280-26-044535Insider equity transaction reported since the proxy statement. Filing ↗
51Section 02, Naama Halevi-Davidov 2026-06-24Form 42026-06-260001628280-26-045702Insider equity transaction reported since the proxy statement. Filing ↗
52Section 02, Shay David 2026-06-24Form 42026-06-260001628280-26-045706Insider equity transaction reported since the proxy statement. Filing ↗
53Section 02, Greg Dracon 2026-06-24Form 42026-06-260001628280-26-045696Insider equity transaction reported since the proxy statement. Filing ↗
54Section 02, Richard Levandov 2026-06-24Form 42026-06-260001628280-26-045700Insider equity transaction reported since the proxy statement. Filing ↗
55Section 02, Eyal Manor 2026-06-24Form 42026-06-260001628280-26-045698Insider equity transaction reported since the proxy statement. Filing ↗
56Section 02, Ronen Faier 2026-06-24Form 42026-06-260001628280-26-045704Insider equity transaction reported since the proxy statement. Filing ↗
57Section 02, Eyal Manor 2026-06-25Form 42026-06-290001628280-26-045899Insider equity transaction reported since the proxy statement. Filing ↗
58Section 02, Eyal Manor 2026-06-26Form 42026-06-300001628280-26-046165Insider equity transaction reported since the proxy statement. Filing ↗
59Section 02, Eynav Azaria 2026-07-20Form 42026-07-220001628280-26-049124Insider equity transaction reported since the proxy statement. Filing ↗
60Section 02, Eynav Azaria 2026-07-20Form 42026-07-220001628280-26-049124Insider equity transaction reported since the proxy statement. Filing ↗
61Section 02, Eynav Azaria 2026-07-22Form 42026-07-240001628280-26-049497Insider equity transaction reported since the proxy statement. Filing ↗
62Section 02, Natan Israeli 2026-07-27Form 42026-07-290001628280-26-050435Insider equity transaction reported since the proxy statement. Filing ↗
63Section 01 trend, Δ column (computed)ComputedcomputedΔ = current-FY total − prior-FY total per named officer.machine: formula: Δ = FY(n) − FY(n−1)
64Section 03b vehicle mix (computed)ComputedcomputedRSU / PSU / Options grant-date fair values summed per officer from the grants table; % performance-vested = PSU ÷ (RSU+PSU+Options).machine: formula: sums + PSU ratio
65Section 09b board cost (computed)ComputedcomputedCash 217,000 + equity 900,000 + all other 0 = 1,117,000, summed across the director compensation table rows.machine: formula: Σ = 1,117,000
66Kaltura (subject), Section 10b CEO totalDEF 14A2026-04-300001140361-26-018319CEO total compensation as printed in Kaltura's own proxy. As printed: 6,412,754. Filing ↗machine: r2 · c18 · span 296558–296567