KLX Energy EVP exercises rights for 44,677 shares

KLX Energy Services Holdings, Inc. (KLXE) reported that Executive Vice President, General Counsel and Chief Compliance Officer Max Bouthillette exercised basic subscription rights relating to the company’s August 21, 2026 equity rights offering.

Rhea-AI Filing Summary

KLX Energy Services Holdings, Inc. (KLXE) reported that Executive Vice President, General Counsel and Chief Compliance Officer Max Bouthillette exercised basic subscription rights relating to the company’s August 21, 2026 equity rights offering. On September 15, 2026 he exercised 11,500 basic subscription rights at a conversion price of $1.49 per right into 44,677 shares of common stock, increasing his directly held common stock to 225,697 shares and leaving 169,520 basic subscription rights reported as held directly. No Rule 10b5-1 trading plan is indicated.

Insider Trade Summary

11,500 shares exercised/converted

Exercise 2 txns

Insider Bouthillette Max

Role See Remarks

Type	Security	Shares	Price	Value
Exercise	Basic Subscription Right	11,500	$0.00	$0.00
Exercise	Common stock F1	44,677	$1.49	$67K

Holdings After Transaction: Basic Subscription Right — 169,520 contracts (Direct); Common stock — 225,697 shares (Direct)

Footnotes (1)

1. F1. These shares were purchased by the exercise of rights held by the Reporting Person at the Subscription Price offered by the Company in its August 21, 2026 Equity Rights Offering.

Key Figures

Basic subscription rights exercised: 11,500 rights Shares of common stock acquired: 44,677 shares Subscription / exercise price: $1.49 per share +3 more

6 metrics

Basic subscription rights exercised 11,500 rights Exercised on September 15, 2026 by Max Bouthillette

Shares of common stock acquired 44,677 shares Issued upon exercise of basic subscription rights on September 15, 2026

Subscription / exercise price $1.49 per share Conversion or exercise price for basic subscription rights in the August 21, 2026 equity rights offering

Common stock holdings after transaction 225,697 shares Directly held by Max Bouthillette following the September 15, 2026 transaction

Basic subscription rights held after transaction 169,520 rights Derivative position reported as directly held after the exercise

Equity rights offering date August 21, 2026 Date of KLX Energy Services Holdings, Inc. equity rights offering referenced in the footnote

Key Terms

Basic Subscription Right, Equity Rights Offering, Subscription Price

3 terms

Basic Subscription Right financial

"security titled "Basic Subscription Right" was exercised into common stock"

Equity Rights Offering financial

"offered by the Company in its August 21, 2026 Equity Rights Offering"

An equity rights offering is when a company gives its current shareholders the option to buy new shares before they are sold to others, often at a lower price. It matters to investors because choosing to buy preserves their percentage ownership and voting power, while declining can reduce those stakes and change future earnings per share; think of it like being offered extra slices of a pie so your portion doesn’t shrink.

Subscription Price financial

"at the Subscription Price offered by the Company in its August 21, 2026 Equity Rights Offering"

Subscription price is the set amount an investor pays to buy newly issued shares, bonds or units when a company offers them directly, such as in a rights issue or subscription offering. It matters because it determines how much an investor’s ownership cost will be, affects potential gains or losses and influences dilution of existing shareholders—think of it as a pre-order price that helps decide whether joining the new issue is worthwhile.

FAQ

AI-generated questions and answers. How Rhea-AI works. Not financial advice.

What insider transaction did KLXE report for Max Bouthillette on September 15, 2026?

KLXE reported that Max Bouthillette exercised 11,500 basic subscription rights on September 15, 2026, converting them into 44,677 shares of common stock at a $1.49 subscription price as part of the August 21, 2026 equity rights offering.

How many KLXE common shares does Max Bouthillette hold after this Form 4 transaction?

After the reported transaction, Max Bouthillette directly holds 225,697 shares of KLXE common stock. This reflects the addition of 44,677 shares acquired through the exercise of basic subscription rights in the company’s equity rights offering.

What derivative securities related to KLXE does Max Bouthillette report after the transaction?

Following the September 15, 2026 activity, Max Bouthillette reports holding 169,520 basic subscription rights as derivative securities, each with a $1.49 conversion or exercise price into KLXE common stock, in connection with the company’s equity rights offering.

At what price were KLXE shares obtained through the exercised subscription rights?

The shares were obtained at the $1.49 per share subscription price offered by KLX Energy Services Holdings, Inc. in its August 21, 2026 equity rights offering, as stated in the footnote describing the exercise of rights by the reporting person.

Was the KLXE Form 4 transaction by Max Bouthillette under a Rule 10b5-1 trading plan?

No. The Form 4 indicates the document-level Rule 10b5-1 checkbox is not checked, and there is no footnote stating the transactions were made pursuant to a Rule 10b5-1 or other pre-arranged trading plan.

AI-generated analysis. How Rhea-AI works. Not financial advice.

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Available on EDGAR 09/16/2026 - 04:40 PM Accepted by SEC EDGAR 09/16/2026 - 04:39 PM Learn about SEC filing dates

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

OMB APPROVAL

OMB Number:			3235-0287
Estimated average burden
hours per response:			0.5

Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).

Check this box to indicate that a transaction was made pursuant to a contract, instruction or written plan for the purchase or sale of equity securities of the issuer that is intended to satisfy the affirmative defense conditions of Rule 10b5-1(c). See Instruction 10.

1. Name and Address of Reporting Person^*

Bouthillette Max

(Last) (First) (Middle)

3040 POST OAK BOULEVARD, 15TH FLOOR

(Street)

HOUSTON TEXAS 77056

(City) (State) (Zip)

UNITED STATES

(Country)

2. Issuer Name and Ticker or Trading Symbol
KLX Energy Services Holdings, Inc. [ KLXE ]

5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)

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

2a. Foreign Trading Symbol

3. Date of Earliest Transaction (Month/Day/Year)
09/15/2026

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

X	Form filed by One Reporting Person
	Form filed by More than One Reporting Person

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

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)
			Code	V	Amount	(A) or (D)	Price
Common stock	09/15/2026		M		44,677(1)	A	$1.49	225,697	D

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)
				Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares
Basic Subscription Right	$1.49	09/15/2026		M			11,500	08/21/2026	09/23/2026	Common stock	44,677	$0	169,520	D

Explanation of Responses:

1. These shares were purchased by the exercise of rights held by the Reporting Person at the Subscription Price offered by the Company in its August 21, 2026 Equity Rights Offering.

Remarks:

Executive Vice President, General Counsel and Chief Compliance Officer

	/s/ Max L. Bouthillette	09/16/2026
	** 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).
Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB Number.
* Form 4: SEC 1474 (03-26)