CastleKnight group discloses 5.6% KLX Energy (KLXE) stake in 13G/A
Rhea-AI Filing Summary
KLX Energy Services Holdings, Inc. received an amended Schedule 13G showing that CastleKnight Master Fund LP, related CastleKnight and Weitman entities, and Aaron Weitman collectively report beneficial ownership of 998,601 shares of common stock, or 5.6% of the class.
The filing states these parties share voting and dispositive power over all 998,601 shares and hold no sole voting or dispositive power. They also certify the shares were not acquired for the purpose of changing or influencing control of KLX Energy, indicating a passive investment stance.
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FAQ
What ownership stake in KLXE does CastleKnight report in this Schedule 13G/A?
CastleKnight and related Weitman entities report beneficial ownership of 998,601 KLX Energy shares, representing 5.6% of the common stock. This crosses the 5% threshold that requires public disclosure under SEC rules.
Who are the reporting persons in the KLXE Schedule 13G/A filing?
The filing lists CastleKnight Master Fund LP, CastleKnight Fund GP LLC, CastleKnight Management LP, CastleKnight Management GP LLC, Weitman Capital LLC, and Aaron Weitman as reporting persons, all jointly reporting the same 998,601 KLX Energy shares.
Does CastleKnight have control intent over KLX Energy (KLXE) in this filing?
No. The certification states the KLXE securities were not acquired and are not held for the purpose of changing or influencing control of the issuer, indicating a passive investment position rather than an activist stance.
Why was this amended Schedule 13G/A for KLXE required?
The amended Schedule 13G/A reflects that the CastleKnight and Weitman group beneficially owns more than 5% of KLX Energy’s common stock. Crossing or updating positions around this regulatory threshold triggers Section 13(d) reporting obligations.
What class of KLX Energy (KLXE) securities is covered in this Schedule 13G/A?
The filing covers KLX Energy’s common stock with a par value of $0.01 per share, identified by CUSIP 48253L205. All reported 998,601 shares and the 5.6% stake relate to this class.