Emilio Hirsch - 01 Jan 2023 Form 4 Insider Report for Kaleyra, Inc. (KLR)

Role: Director, 10%+ Owner
Signature: /s/ Emilio Hirsch, individually
Issuer symbol: KLR
Transactions as of: 01 Jan 2023
Transactions value $: $0
Form type: 4
Filing time: 03 Jan 2023, 15:30:38 UTC
Previous filing: 14 Nov 2022
Next filing: 10 May 2023
SEC: View on sec.gov

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
transaction	KLR	Common Stock	Award	$0	+71,440	+62.71%	$0	185,363	01 Jan 2023	Direct	F1, F2, F3
holding	KLR	Common Stock						93,104	01 Jan 2023	By EFFE PI Societa Semplice	F4
holding	KLR	Common Stock						5,715,636	01 Jan 2023	By Esse Effe S.p.A.	F5

* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id	Content
F1	Subject to the Reporting Person's continued service to the Issuer, the Restricted Stock Units ("RSUs") shall vest quarterly on each of February 20, May 1, August 1 and November 1, 2023. All RSUs shall immediately vest (i) in the event of a Change of Control (as defined in the Issuer's 2019 Equity Incentive Plan) of the Issuer, (ii) the Reporting Person is not re-nominated to serve on the Issuer's Board of Directors (except in connection with the Reporting Person choosing not to stand for reelection as a member of the Board or resigning from the Board) and as a result separates from service with the Issuer, (iii) to the extent the Reporting Person has served as a director of the Issuer for at least three years, and such Reporting Person chooses not to stand for reelection as a member of the Board or resigns from the Board and as a result separates from service with the Issuer,
F2	(Continued from footnote 1) and (iv) in the event of the death or Disability (as defined in the Issuer's 2019 Equity Incentive Plan) of the Reporting Person.
F3	Includes RSUs subject to vesting pursuant to previously disclosed vesting schedules.
F4	EFFE PI Societa Semplice ("EFFE PI") is affiliated with Emilio Hirsch, and Mr. Hirsch is deemed to have acquired a beneficial ownership interest in the reported securities held by EFFE PI.
F5	Esse Effe S.p.A. ("Esse Effe") is affiliated with EFFE PI and Emilio Hirsch, and EFFE PI and Mr. Hirsch are each deemed to have acquired a beneficial ownership interest in the reported securities held by Esse Effe.