KLX Energy Services (KLXE) CFO forfeits stock amid change

Rhea-AI Filing Summary

KLX Energy Services Holdings insider Keefer M. Lehner, the company's Executive Vice President and Chief Financial Officer, reported the forfeiture of equity awards in connection with his previously disclosed voluntary resignation, effective January 7, 2026. The filing shows a disposition of 94,306 shares of common stock at a stated price of $0, leaving him with 24,895 common shares held directly after the transaction. It also reports the disposition of 10,148 Restricted Stock Units, reducing his RSU holdings to zero. The footnotes explain that the restricted stock was granted for his service as CFO and Executive Vice President and is forfeited upon termination, and that each RSU represents the economic equivalent of one share of common stock to be settled in cash.

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

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X

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^*

Lehner Keefer McGovern

(Last) (First) (Middle)

3040 POST OAK BOULEVARD, 15TH FLOOR

(Street)

HOUSTON TX 77056

(City) (State) (Zip)

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

3. Date of Earliest Transaction (Month/Day/Year)
01/07/2026

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

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

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

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	01/07/2026		D		94,306	D	$0	24,895(1)	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
Restricted Stock Unit	(2)	01/07/2026		D			10,148	(1)	(1)	Common stock	10,148	$0	0	D

Explanation of Responses:

1. On December 8, 2025, Keefer M. Lehner, Chief Financial Officer and Executive Vice President of the Company, notified the Company of his voluntary resignation from his position, such resignation to be effective as of January 7, 2026. Pursuant to the Restricted Stock Agreement between the Company and Mr. Lehner, these shares of restricted stock were awarded to Mr. Lehner for his role as Chief Financial Officer and Executive Vice President and are thus forfeited upon such termination.

2. Each Restricted Stock Unit represents the economic equivalent of one share of common stock, to be settled in cash.

Remarks:

Executive Vice President and Chief Financial Officer

	/s/ Max L. Bouthillette, attorney-in-fact	01/08/2026
	** Signature of Reporting Person	Date
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
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FAQ

What insider activity did KLXE report for Keefer M. Lehner on January 7, 2026?

The report shows Keefer M. Lehner disposed of 94,306 shares of common stock at a stated price of $0 and 10,148 Restricted Stock Units, linked to his resignation effective January 7, 2026.

How many KLXE shares does Keefer M. Lehner hold after this Form 4 filing?

Following the reported transactions, Keefer M. Lehner beneficially owns 24,895 shares of KLX Energy Services common stock directly.

Why were Keefer M. Lehner’s KLXE restricted shares forfeited?

According to the footnotes, the restricted stock was awarded to Mr. Lehner for his role as Chief Financial Officer and Executive Vice President and is forfeited under the Restricted Stock Agreement upon his termination from that position.

What does each KLXE Restricted Stock Unit represent in this Form 4?

Each Restricted Stock Unit represents the economic equivalent of one share of common stock, to be settled in cash, rather than by delivering actual shares.

What role did Keefer M. Lehner hold at KLX Energy Services (KLXE)?

Keefer M. Lehner served as Executive Vice President and Chief Financial Officer of KLX Energy Services Holdings, Inc., as noted in the filing’s remarks and footnotes.

Was Keefer M. Lehner’s resignation from KLXE voluntary and when did it become effective?

The footnotes state that on December 8, 2025, Mr. Lehner notified the company of his voluntary resignation, which became effective as of January 7, 2026.