KLX Energy Services Holdings, Inc. Schedule 13G/A amendment reports that Cross Ocean Partners-related filing persons beneficially own 745,122 shares of Common Stock, including warrants to purchase 305,438 shares exercisable at $0.01 per share. The stake equals 3.7% based on 19,688,752 shares outstanding as of March 17, 2026. The ownership is reported as of March 31, 2026 and is held indirectly through managed funds; the reporting persons disclaim direct beneficial ownership. The filing is made under a previously executed Joint Filing Agreement.
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Insights
Filed stake shows an indirect 3.7% position via managed funds.
The filing states 745,122 shares are beneficially owned by funds managed by Cross Ocean Management, including 305,438 warrants exercisable at $0.01. The percentage cited is based on 19,688,752 shares outstanding as of March 17, 2026.
Ownership is described as indirect and the reporting persons disclaim direct ownership; subsequent disclosures may clarify voting or disposition plans if any changes occur.
The amendment aligns with Schedule 13G/A reporting for passive/investment manager holdings.
The document identifies delegated authority under investment management agreements and clarifies the chain: Cross Ocean Management → Cross Ocean Management GP → GG Managers → Graham C. Goldsmith. It lists voting and dispositive powers as shared for 745,122 shares.
Signatures and the Joint Filing Agreement are included; the filing preserves typical disclaimers of direct beneficial ownership.
Key Figures
Beneficial ownership:745,122 sharesWarrants exercisable:305,438 sharesExercise price:$0.01+3 more
6 metrics
Beneficial ownership745,122 sharesas of <date>March 31, 2026</date>
Warrants exercisable305,438 shareswarrants exercisable at <money>$0.01</money> included in the 745,122 count
Exercise price$0.01exercise price for the 305,438 warrants
Percent of class3.7%based on 19,688,752 shares outstanding as of <date>March 17, 2026</date>
Shares outstanding (context)19,688,752 sharesissued and outstanding as of <date>March 17, 2026</date>
Reporting dateMarch 31, 2026date requiring this amendment
"the Reporting Persons beneficially owned 745,122 Shares, including warrants"
Beneficially owned describes securities or assets where a person has the economic rights and control—such as the right to receive dividends and to direct voting—even if legal title is held in another name. Think of it like having the keys and using a car that’s registered to someone else: you get the benefits and make decisions. Investors care because beneficial ownership reveals who truly controls value and voting power, affecting corporate decisions and takeover dynamics.
warrantsfinancial
"including warrants to purchase up to 305,438 Shares at an exercise price of $0.01"
Warrants are special documents that give you the right to buy a company's stock at a set price before a certain date. They are often used as a way for companies to attract investors or raise money, and their value can increase if the company's stock price goes up.
shared dispositive powerregulatory
"Shared Dispositive Power 745,122.00"
Joint Filing Agreementregulatory
"This is being filed pursuant to a Joint Filing Agreement"
Schedule 13G/Aregulatory
"KLX Energy Services Holdings, Inc. Common Stock... Amendment No. 1"
A Schedule 13G/A is an amended public filing with the U.S. securities regulator that updates a previous Schedule 13G, disclosing when an individual or group holds a substantial (typically over 5%) stake in a company and is claiming a passive, non‑controlling intent. Investors monitor these updates because rising or falling holdings can signal changing confidence, potential future moves, or shifts in voting power — like watching a public ledger where large shareholders quietly adjust their positions.
Direct answer: Cross Ocean reports beneficial ownership of 745,122 shares, equal to 3.7% of the class. Supporting context: This figure includes warrants to purchase 305,438 shares exercisable at $0.01, and the percentage is based on 19,688,752 shares outstanding as of March 17, 2026.
Do the reporting persons claim direct beneficial ownership in KLXE?
Direct answer: No, the reporting persons expressly disclaim direct beneficial ownership of the reported shares. Supporting context: The filing states the shares are directly owned by funds managed by Cross Ocean Management and the reporting persons are deemed to beneficially own them indirectly under control and partnership relationships.
What portion of the reported position in KLXE is exercisable warrants?
Direct answer: The filing includes warrants to purchase 305,438 shares exercisable at $0.01 per share. Supporting context: The warrants are described as currently exercisable at the holder's option and are counted within the aggregate 745,122 shares beneficially owned as of March 31, 2026.
On what share count is the 3.7% ownership percentage based?
Direct answer: The 3.7% figure is based on 19,688,752 shares issued and outstanding as of March 17, 2026. Supporting context: That outstanding share count is cited from the issuer's definitive proxy statement on Schedule 14A filed March 26, 2026, as referenced in the amendment.
Who signed the Schedule 13G/A amendment for KLXE?
Direct answer: The amendment is signed by Matthew Rymer (Chief Operating Officer, General Counsel & Chief Compliance Officer) and Graham C. Goldsmith. Supporting context: Signature blocks show dates of May 15, 2026 and reference the Joint Filing Agreement filed with the original filing.
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
SCHEDULE 13G
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)
03/31/2026
(Date of Event Which Requires Filing of this Statement)
Check the appropriate box to designate the rule pursuant to which this Schedule is filed:
Rule 13d-1(b)
Rule 13d-1(c)
Rule 13d-1(d)
schemaVersion:
SCHEDULE 13G
CUSIP Number(s):
48253L205
1
Names of Reporting Persons
Cross Ocean Partners Management LP
2
Check the appropriate box if a member of a Group (see instructions)
(a)
(b)
3
Sec Use Only
4
Citizenship or Place of Organization
DELAWARE
Number of Shares Beneficially Owned by Each Reporting Person With:
5
Sole Voting Power
0.00
6
Shared Voting Power
745,122.00
7
Sole Dispositive Power
0.00
8
Shared Dispositive Power
745,122.00
9
Aggregate Amount Beneficially Owned by Each Reporting Person
745,122.00
10
Check box if the aggregate amount in row (9) excludes certain shares (See Instructions)
11
Percent of class represented by amount in row (9)
3.7 %
12
Type of Reporting Person (See Instructions)
PN
Comment for Type of Reporting Person: See Item 2(a) of this Schedule 13G.
SCHEDULE 13G
CUSIP Number(s):
48253L205
1
Names of Reporting Persons
Cross Ocean Partners Management GP, LLC
2
Check the appropriate box if a member of a Group (see instructions)
(a)
(b)
3
Sec Use Only
4
Citizenship or Place of Organization
DELAWARE
Number of Shares Beneficially Owned by Each Reporting Person With:
5
Sole Voting Power
0.00
6
Shared Voting Power
745,122.00
7
Sole Dispositive Power
0.00
8
Shared Dispositive Power
745,122.00
9
Aggregate Amount Beneficially Owned by Each Reporting Person
745,122.00
10
Check box if the aggregate amount in row (9) excludes certain shares (See Instructions)
11
Percent of class represented by amount in row (9)
3.7 %
12
Type of Reporting Person (See Instructions)
OO
Comment for Type of Reporting Person: See Item 2(a) of this Schedule 13G.
SCHEDULE 13G
CUSIP Number(s):
48253L205
1
Names of Reporting Persons
GG Managers LLC
2
Check the appropriate box if a member of a Group (see instructions)
(a)
(b)
3
Sec Use Only
4
Citizenship or Place of Organization
DELAWARE
Number of Shares Beneficially Owned by Each Reporting Person With:
5
Sole Voting Power
0.00
6
Shared Voting Power
745,122.00
7
Sole Dispositive Power
0.00
8
Shared Dispositive Power
745,122.00
9
Aggregate Amount Beneficially Owned by Each Reporting Person
745,122.00
10
Check box if the aggregate amount in row (9) excludes certain shares (See Instructions)
11
Percent of class represented by amount in row (9)
3.7 %
12
Type of Reporting Person (See Instructions)
OO
Comment for Type of Reporting Person: See Item 2(a) of this Schedule 13G.
SCHEDULE 13G
CUSIP Number(s):
48253L205
1
Names of Reporting Persons
Graham C. Goldsmith
2
Check the appropriate box if a member of a Group (see instructions)
(a)
(b)
3
Sec Use Only
4
Citizenship or Place of Organization
UNITED STATES
Number of Shares Beneficially Owned by Each Reporting Person With:
5
Sole Voting Power
0.00
6
Shared Voting Power
745,122.00
7
Sole Dispositive Power
0.00
8
Shared Dispositive Power
745,122.00
9
Aggregate Amount Beneficially Owned by Each Reporting Person
745,122.00
10
Check box if the aggregate amount in row (9) excludes certain shares (See Instructions)
11
Percent of class represented by amount in row (9)
3.7 %
12
Type of Reporting Person (See Instructions)
IN
Comment for Type of Reporting Person: See Item 2(a) of this Schedule 13G.
SCHEDULE 13G
Item 1.
(a)
Name of issuer:
KLX Energy Services Holdings, Inc.
(b)
Address of issuer's principal executive offices:
3040 Post Oak Boulevard, 15th Floor, Houston, Texas 77056
Item 2.
(a)
Name of person filing:
Cross Ocean Partners Management LP ("Cross Ocean Management")
Cross Ocean Partners Management GP, LLC ("Cross Ocean Management GP")
GG Managers LLC ("GG Managers")
Graham C. Goldsmith
Each of such persons is referred to herein individually as a "Reporting Person" and collectively as the "Reporting Persons." This Schedule 13G is being filed pursuant to a Joint Filing Agreement, previously filed with the original Schedule 13G.
(b)
Address or principal business office or, if none, residence:
The principal business address of Cross Ocean Management, Cross Ocean Management GP, GG Managers, and Mr. Goldsmith is c/o Cross Ocean Partners Management LP, 60 Arch Street, 3rd Floor, Greenwich, CT 06830.
(c)
Citizenship:
Cross Ocean Management is a Delaware limited partnership.
Cross Ocean Management GP is a Delaware limited liability company.
GG Managers is a Delaware limited liability company.
Mr. Goldsmith is a citizen of the United States.
(d)
Title of class of securities:
Common Stock, $0.01 Par Value
(e)
CUSIP No.:
48253L205
Item 3.
If this statement is filed pursuant to §§ 240.13d-1(b) or 240.13d-2(b) or (c), check whether the person filing is a:
(a)
Broker or dealer registered under section 15 of the Act (15 U.S.C. 78o);
(b)
Bank as defined in section 3(a)(6) of the Act (15 U.S.C. 78c);
(c)
Insurance company as defined in section 3(a)(19) of the Act (15 U.S.C. 78c);
(d)
Investment company registered under section 8 of the Investment Company Act of 1940 (15 U.S.C. 80a-8);
(e)
An investment adviser in accordance with § 240.13d-1(b)(1)(ii)(E);
(f)
An employee benefit plan or endowment fund in accordance with § 240.13d-1(b)(1)(ii)(F);
(g)
A parent holding company or control person in accordance with § 240.13d-1(b)(1)(ii)(G);
(h)
A savings associations as defined in Section 3(b) of the Federal Deposit Insurance Act (12 U.S.C. 1813);
(i)
A church plan that is excluded from the definition of an investment company under section 3(c)(14) of the Investment Company Act of 1940 (15 U.S.C. 80a-3);
(j)
A non-U.S. institution in accordance with § 240.13d-1(b)(1)(ii)(J). If filing as a non-U.S. institution in accordance with § 240.13d-1(b)(1)(ii)(J),
please specify the type of institution:
(k)
Group, in accordance with Rule 240.13d-1(b)(1)(ii)(K).
Item 4.
Ownership
(a)
Amount beneficially owned:
As of the date requiring this Schedule 13G amendment, March 31, 2026, the Reporting Persons beneficially owned 745,122 Shares, including warrants to purchase up to 305,438 Shares at an exercise price of $0.01, which are currently exercisable at the holder's option ("Warrants"). Pursuant to investment management agreements, Cross Ocean Management has received delegated authority relating to certain managed funds that directly beneficially own, in the aggregate, 745,122 Shares (including 305,438 Warrants). Cross Ocean Management GP is the sole general partner of Cross Ocean Management. GG Managers is the sole member of Cross Ocean Management GP. Graham Goldsmith is the sole member of Cross Ocean GG Members. As a result, each of Cross Ocean Management, Cross Ocean Management GP, GG Managers, and Mr. Goldsmith may be deemed to indirectly beneficially own the 745,122 Shares (including 305,438 Warrants) directly beneficially owned by the funds managed by Cross Ocean Management. Each of the Reporting Persons disclaims beneficial ownership of the Shares that they report as owning in this Schedule 13G.
(b)
Percent of class:
See the response to row 11 of the attached cover page of each Reporting Person (based on 19,688,752 Shares issued and outstanding as of March 17, 2026, as reported in the definitive proxy statement on Schedule 14A of the Issuer filed with the Securities and Exchange Commission on March 26, 2026).
(c)
Number of shares as to which the person has:
(i) Sole power to vote or to direct the vote:
See the response to row 5 of the attached cover page of each Reporting Person.
(ii) Shared power to vote or to direct the vote:
See the response to row 6 of the attached cover page of each Reporting Person, as well as the response to Item 4(a) above.
(iii) Sole power to dispose or to direct the disposition of:
See the response to row 7 of the attached cover page of each Reporting Person.
(iv) Shared power to dispose or to direct the disposition of:
See the response to row 8 of the attached cover page of each Reporting Person, as well as the response to Item 4(a) above.
Item 5.
Ownership of 5 Percent or Less of a Class.
Ownership of 5 percent or less of a class
Item 6.
Ownership of more than 5 Percent on Behalf of Another Person.
Not Applicable
Item 7.
Identification and Classification of the Subsidiary Which Acquired the Security Being Reported on by the Parent Holding Company or Control Person.
Not Applicable
Item 8.
Identification and Classification of Members of the Group.
Not Applicable
Item 9.
Notice of Dissolution of Group.
Not Applicable
Item 10.
Certifications:
By signing below I certify that, to the best of my knowledge and belief, the securities referred to above were not acquired and are not held for the purpose of or with the effect of changing or influencing the control of the issuer of the securities and were not acquired and are not held in connection with or as a participant in any transaction having that purpose or effect, other than activities solely in connection with a nomination under ?? 240.14a-11.
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.
Cross Ocean Partners Management LP
Signature:
/s/ Matthew Rymer
Name/Title:
Chief Operating Officer, General Counsel & Chief Compliance Officer
Date:
05/15/2026
Cross Ocean Partners Management GP, LLC
Signature:
/s/ Graham C. Goldsmith
Name/Title:
Member
Date:
05/15/2026
GG Managers LLC
Signature:
/s/ Graham C. Goldsmith
Name/Title:
Member
Date:
05/15/2026
Graham C. Goldsmith
Signature:
/s/ Graham C. Goldsmith
Name/Title:
Self
Date:
05/15/2026
Exhibit Information
Exhibit 1 - Joint Filing Agreement (filed with the original Schedule 13G).
