KLX Energy director buys 38,694 shares at $1.49
Sentiment and the balance of points
Rhea-AI Sentiment reads the wording of the document, how positive or negative its language is on a 1 to 5 scale. The balance of points shown with the takes weighs what the document actually discloses, so the two can disagree, for example when a trial that missed its main goal is described in upbeat language.
Form Type
4
Rhea-AI Filing Summary
KLX Energy Services Holdings, Inc. (KLXE) director Corbin J. Robertson Jr., through a family trust, exercised basic subscription rights on September 16, 2026 to acquire 38,694 shares of common stock at $1.49 per share in connection with the company’s August 21, 2026 equity rights offering. Following this transaction, the family trust held 48,654 shares indirectly, and Robertson also held 283,359 shares directly. No Rule 10b5-1 trading plan is reported.
Insider Trade Summary
9,960 shares exercised/converted
Exercise
2 txns
Insider
ROBERTSON CORBIN J JR
Role
Director
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise | Basic Subscription Right | 9,960 | $0.00 | $0.00 |
| Exercise | Common stock F1 | 38,694 | $1.49 | $58K |
| Holding | Common stock | -- | -- | -- |
Holdings After Transaction:
Basic Subscription Right — 0 contracts (Indirect, By Family Trust);
Common stock — 48,654 shares (Indirect, By Family Trust);
Common stock — 283,359 shares (Direct)
Footnotes (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
Common shares acquired on exercise: 38,694 shares
Subscription price: $1.49 per share
Basic subscription rights exercised: 9,960 rights
+3 more
6 metrics
Common shares acquired on exercise
38,694 shares
Shares of KLXE common stock purchased on September 16, 2026 by exercising rights
Subscription price
$1.49 per share
Price paid per KLXE common share in the August 21, 2026 equity rights offering
Basic subscription rights exercised
9,960 rights
Basic subscription rights exercised by the family trust on September 16, 2026
Indirect holdings after transaction
48,654 shares
KLXE common shares held indirectly by family trust following the exercise
Direct holdings after transaction
283,359 shares
KLXE common shares held directly by Corbin J. Robertson Jr. after the reported date
Equity rights offering date
August 21, 2026
Date of KLXE equity rights offering referenced in the footnote
Key Terms
Basic Subscription Right, Subscription Price, Equity Rights Offering
3 terms
Basic Subscription Right financial
"These shares were purchased by the exercise of rights held by the Reporting Person"
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.
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.
FAQ
AI-generated questions and answers. How Rhea-AI works. Not financial advice.
What insider transaction did KLXE report for Corbin J. Robertson Jr.?
KLXE reported that director Corbin J. Robertson Jr., through a family trust, exercised basic subscription rights on September 16, 2026 to purchase 38,694 shares of common stock at $1.49 per share under an equity rights offering.
What KLXE holdings does Corbin J. Robertson Jr. report after this Form 4 transaction?
After the reported transactions, the family trust held 48,654 KLXE common shares indirectly, and Corbin J. Robertson Jr. also reported 283,359 KLXE common shares held directly.
What derivative security did the KLXE director exercise?
The director, through a family trust, exercised 9,960 basic subscription rights, each exercisable at $1.49, into 38,694 shares of KLXE common stock, and no basic subscription rights remained after the exercise.
Was the KLXE insider transaction made under a Rule 10b5-1 plan?
No. The Form 4 indicates that the transactions reported for KLXE were not made under a Rule 10b5-1 trading plan, and no pre-arranged trading arrangement is disclosed.
What offering is referenced in the KLXE insider’s Form 4 footnote?
A footnote states the shares were purchased by exercising rights at the subscription price offered by KLXE in its August 21, 2026 equity rights offering.
AI-generated analysis. How Rhea-AI works. Not financial advice.
