[SCHEDULE 13D/A] KLX Energy Services Holdings, Inc. SEC Filing

Rhea-AI Filing Summary

Form 3 (Initial Statement of Beneficial Ownership) filed on 07/07/2025 shows that Glencore plc, together with subsidiaries Glencore International AG and Danelo Limited, is now classified as a 10% beneficial owner of Bunge Global SA (BG). The filing discloses indirect ownership of 32,806,103 registered shares, all held directly by Danelo Limited. No derivative securities are reported. Each entity disclaims beneficial ownership beyond its pecuniary interest. The disclosure triggers Section 16 insider-reporting obligations and signals that Glencore’s aggregate position has surpassed the 10 % threshold.

Positive

• Glencore’s disclosure of 32,806,103 BG shares establishes the group as a 10 % beneficial owner, revealing a sizeable strategic stake that may increase investor confidence in Bunge’s shareholder base.

Negative

• None.

Insights

Securities Analyst

TL;DR: Glencore’s Form 3 reveals a 32.8 m-share, 10 % stake in BG—material for ownership structure, neutral for near-term valuation.

The filing is impactful because Section 16 reports are only required once a shareholder exceeds 10 % beneficial ownership. Glencore’s indirect holding via Danelo Limited establishes it as a significant strategic shareholder, potentially influencing future governance matters such as proxy votes or corporate actions. However, the document contains no purchase price, transaction timing beyond 07/02/2025, or strategic commentary, so investors cannot infer deal economics or intent. Absence of derivatives suggests a straightforward equity position. While the presence of a large commodities player on the register can be viewed as a vote of confidence, the filing itself neither adds earnings visibility nor changes BG’s fundamentals. Overall, the news is structurally important but financially neutral.

SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

SCHEDULE 13D

Under the Securities Exchange Act of 1934

(Amendment No. 1)

KLX Energy Services Holdings, Inc.

(Name of Issuer)

Common Stock, $0.01 par value

(Title of Class of Securities)

48253L205

(CUSIP Number)

Geveran Investments Limited
c/o Seatankers Management Co. Ltd, P.O. Box 53562
Limassol, G4, CY-3399
(357) 25-858-300

Keith J. Billotti
Seward & Kissel LLP, One Battery Park Plaza
New York, NY, 10004
(212) 574-1200

(Name, Address and Telephone Number of Person Authorized to Receive Notices and Communications)

07/01/2025

(Date of Event Which Requires Filing of This Statement)

If the filing person has previously filed a statement on Schedule 13G to report the acquisition that is the subject of this Schedule 13D, and is filing this schedule because of §§ 240.13d-1(e), 240.13d-1(f) or 240.13d-1(g), check the following box.

The information required on the remainder of this cover page shall not be deemed to be "filed" for the purpose of Section 18 of the Securities Exchange Act of 1934 ("Act") or otherwise subject to the liabilities of that section of the Act but shall be subject to all other provisions of the Act (however, see the Notes).

SCHEDULE 13D

CUSIP No. 48253L205

1

Name of reporting person

Geveran Investments Limited

2

Check the appropriate box if a member of a Group (See Instructions)

(a)
(b)

3

SEC use only

4

Source of funds (See Instructions)

OO

5

Check if disclosure of legal proceedings is required pursuant to Items 2(d) or 2(e)

6

Citizenship or place of organization

CYPRUS

Number of Shares Beneficially Owned by Each Reporting Person With:

7	Sole Voting Power 0.00
8	Shared Voting Power 322,339.00
9	Sole Dispositive Power 0.00
10	Shared Dispositive Power 322,339.00

11

Aggregate amount beneficially owned by each reporting person

322,339.00

12

Check if the aggregate amount in Row (11) excludes certain shares (See Instructions)

13

Percent of class represented by amount in Row (11)

1.8 %

14

Type of Reporting Person (See Instructions)

CO

SCHEDULE 13D

CUSIP No. 48253L205

1

Name of reporting person

Famatown Finance Limited

2

Check the appropriate box if a member of a Group (See Instructions)

(a)
(b)

3

SEC use only

4

Source of funds (See Instructions)

OO

5

Check if disclosure of legal proceedings is required pursuant to Items 2(d) or 2(e)

6

Citizenship or place of organization

CYPRUS

Number of Shares Beneficially Owned by Each Reporting Person With:

7	Sole Voting Power 0.00
8	Shared Voting Power 0.00
9	Sole Dispositive Power 0.00
10	Shared Dispositive Power 0.00

11

Aggregate amount beneficially owned by each reporting person

0.00

12

Check if the aggregate amount in Row (11) excludes certain shares (See Instructions)

13

Percent of class represented by amount in Row (11)

0 %

14

Type of Reporting Person (See Instructions)

CO

SCHEDULE 13D

CUSIP No. 48253L205

1

Name of reporting person

Greenwich Holdings Limited

2

Check the appropriate box if a member of a Group (See Instructions)

(a)
(b)

3

SEC use only

4

Source of funds (See Instructions)

OO

5

Check if disclosure of legal proceedings is required pursuant to Items 2(d) or 2(e)

6

Citizenship or place of organization

CYPRUS

Number of Shares Beneficially Owned by Each Reporting Person With:

7	Sole Voting Power 0.00
8	Shared Voting Power 322,339.00
9	Sole Dispositive Power 0.00
10	Shared Dispositive Power 322,339.00

11

Aggregate amount beneficially owned by each reporting person

322,339.00

12

Check if the aggregate amount in Row (11) excludes certain shares (See Instructions)

13

Percent of class represented by amount in Row (11)

1.8 %

14

Type of Reporting Person (See Instructions)

CO

SCHEDULE 13D

CUSIP No. 48253L205

1

Name of reporting person

C.K. Limited

2

Check the appropriate box if a member of a Group (See Instructions)

(a)
(b)

3

SEC use only

4

Source of funds (See Instructions)

OO

5

Check if disclosure of legal proceedings is required pursuant to Items 2(d) or 2(e)

6

Citizenship or place of organization

JERSEY

Number of Shares Beneficially Owned by Each Reporting Person With:

7	Sole Voting Power 0.00
8	Shared Voting Power 322,339.00
9	Sole Dispositive Power 0.00
10	Shared Dispositive Power 322,339.00

11

Aggregate amount beneficially owned by each reporting person

322,339.00

12

Check if the aggregate amount in Row (11) excludes certain shares (See Instructions)

13

Percent of class represented by amount in Row (11)

1.8 %

14

Type of Reporting Person (See Instructions)

CO

Comment for Type of Reporting Person:

*C.K. Limited is the trustee of two trusts (the "Trusts") settled by Mr. John Fredriksen. The Trusts indirectly hold all of the shares of Common Stock of Greenwich Holdings Limited, Famatown Finance Limited and Geveran Investments Limited. Accordingly, C.K. Limited, as trustee, may be deemed to beneficially own the shares of Common Stock of the Issuer that are beneficially owned by Greenwich Holdings Limited, Famatown Finance Limited and Geveran Investments Limited. The beneficiaries of the Trusts are members of Mr. Fredriksen's family. Mr. Fredriksen is neither a beneficiary nor a trustee of either Trust. Therefore, Mr. Fredriksen has no economic interest in such shares of Common Stock and Mr. Fredriksen disclaims any control over such shares of Common Stock, save for any indirect influence he may have with C.K. Limited, as the trustee of the Trusts, in his capacity as the settlor of the Trusts.

SCHEDULE 13D

Item 1.	Security and Issuer
(a)	Title of Class of Securities: Common Stock, $0.01 par value
(b)	Name of Issuer: KLX Energy Services Holdings, Inc.
(c)	Address of Issuer's Principal Executive Offices: 1415 Louisiana Street, Suite 2900, Houston, TEXAS , 77002.
Item 1 Comment: This Amendment No. 1 on Schedule 13D (the "Amendment No. 1") relates to the common stock, par value $0.01 per share (the "Common Stock") of KLX Energy Services Holdings, Inc. (the "Issuer"). Amendment No. 1 amends and supplements the initial Schedule 13D that Geveran Investments Limited ("Geveran"), Famatown Finance Limited ("Famatown"), Greenwich Holdings Limited ("Greenwich Holdings"), and C.K. Limited, collectively referred to as the "Reporting Persons" filed with the Commission on August 5, 2020 (the "Schedule 13D"). Capitalized terms used in this Amendment No. 1 and not otherwise defined shall have the same meanings ascribed to them in the Schedule 13D. Except as specifically provided herein, this Amendment No. 1 does not modify any of the information previously reported in the Schedule 13D.
Item 2.	Identity and Background
(a)	There are no material changes to the Schedule 13D.
Item 3.	Source and Amount of Funds or Other Consideration
	There are no material changes to the Schedule 13D.
Item 4.	Purpose of Transaction
	Item 4 of the Schedule 13D is hereby amended and supplemented as follows: Since June 20, 2025 and through and including July 1, 2025, the Reporting Persons sold, in the aggregate, 317,461 shares of the Issuer. As a result of such sales, the Reporting Persons ceased to beneficially own more than 5% of the Common Stock.
Item 5.	Interest in Securities of the Issuer
(a)	As of the date of this filing and based upon 17,553,935 Common Stock issued and outstanding.
(b)	Geveran may be deemed to be the beneficial owner of 322,339 shares of Common Stock, constituting 1.8% of the Common Stock outstanding. Geveran has the sole power to vote or direct the vote of 0 shares of Common Stock and the shared power to vote or to direct the vote of 322,339 shares of Common Stock. Geveran has the sole power to dispose or direct the disposition of 0 shares of Common Stock and the shared power to dispose or to direct the disposition of 322,339 shares of Common Stock. Famatown may be deemed to be the beneficial owner of 0 shares of Common Stock, constituting 0% of the Common Stock outstanding. Geveran has the sole power to vote or direct the vote of 0 shares of Common Stock and the shared power to vote or to direct the vote of 0 shares of Common Stock. Geveran has the sole power to dispose or direct the disposition of 0 shares of Common Stock and the shared power to dispose or to direct the disposition of 0 shares of Common Stock. Greenwich Holdings, through Geveran and Famatown, may be deemed to be the beneficial owner of 322,339 shares of Common Stock, constituting 1.8% of the Common Stock outstanding. Greenwich Holdings has the sole power to vote or direct the vote of 0 shares of Common Stock and the shared power to vote or to direct the vote of 322,339 shares of Common Stock. Greenwich Holdings has the sole power to dispose or direct the disposition of 0 shares of Common Stock and the shared power to dispose or to direct the disposition of 322,339 shares of Common Stock. C.K. Limited, through Greenwich Holdings, may be deemed to be the beneficial owner of 322,339 Shares of Common Stock, constituting 1.8% of Common Stock outstanding. C.K. Limited has the sole power to vote or direct the vote of 0 shares of Common Stock and the shared power to vote or to direct the vote of 322,339 shares of Common Stock. C.K. Limited has the sole power to dispose or direct the disposition of 0 shares of Common Stock and the shared power to dispose or to direct the disposition of 322,339 shares of Common Stock.
(c)	Except as disclosed in this Amendment No. 1 and set forth in Schedule 1, the Reporting Persons have not effected any transaction in the Common Stock of the Issuer during the past 60 days.
(d)	No other person is known to have the right to receive or the power to direct the receipt of dividends from, or the proceeds from the sale of, any of the Common Stock beneficially owned by the Reporting Persons.
(e)	On July 1, 2025, each of the Reporting Persons ceased to be the beneficial owner of more than five percent of the shares of Common Stock. The filing of this Amendment No. 1 represents the final amendment to the Schedule 13D and constitutes an exit filing for the Reporting Persons.
Item 6.	Contracts, Arrangements, Understandings or Relationships With Respect to Securities of the Issuer
	Item 6 is supplemented as follows, Gunnar Eliassen, a director of the Issuer, is no longer a partner of Seatankers Services (UK) LLP and is neither a director designee of nor related to the Reporting Persons. The Reporting Persons do not have any continuing director designation rights with the Issuer. Capitalized terms used in this Amendment No. 1 and not otherwise defined shall have the same meanings ascribed to them in the Schedule 13D.
Item 7.	Material to be Filed as Exhibits.
	Joint Filing Agreement. Schedule 1 - Information with Respect to Transactions Effected.

SIGNATURE

After reasonable inquiry and to the best of my knowledge and belief, I certify that the information set forth in this statement is true, complete and correct.

Geveran Investments Limited

Signature:	/s/ Christakis Theodoulou
Name/Title:	Christakis Theodoulou, Director
Date:	07/07/2025

Famatown Finance Limited

Signature:	/s/ Christakis Theodoulou
Name/Title:	Christakis Theodoulou, Director
Date:	07/07/2025

Greenwich Holdings Limited

Signature:	/s/ Christakis Theodoulou
Name/Title:	Christakis Theodoulou, Director
Date:	07/07/2025

C.K. Limited

Signature:	/s/ Christakis Theodoulou
Name/Title:	Christakis Theodoulou, Director
Date:	07/07/2025

Comments accompanying signature:

The Reporting Persons specifically disclaim beneficial ownership of the securities reported herein except to the extent of any pecuniary interest therein.

FAQ

How many Bunge Global SA (BG) shares does Glencore report owning?

32,806,103 registered shares are reported as indirectly held through Danelo Limited.

Why did Glencore file a Form 3 with the SEC?

Glencore’s aggregate holding in BG exceeded the 10 % beneficial ownership threshold, triggering the initial Section 16 reporting requirement.

Is the ownership direct or indirect?

The shares are held indirectly by Danelo Limited, a wholly-owned subsidiary of Glencore International AG, itself controlled by Glencore plc.

What date did the ownership event occur?

The event date reported on the form is 07/02/2025.

Are any derivative securities disclosed in this Form 3?

No; no derivative securities were reported.

What relationship does Glencore have to BG according to the filing?

Glencore and its subsidiaries are listed as 10 % owners; they are not identified as officers of BG.