KLXE Exec Max Bouthillette Exercises Rights to Buy 44,677 Shares

What Happened
Max Bouthillette, Executive Vice President, General Counsel and Chief Compliance Officer of KLX Energy Services Holdings, Inc. (KLXE), exercised subscription rights on 2026-09-15 to acquire 44,677 shares at $1.49 per share, for a total cash outlay of $66,569. The same Form 4 also reports a conversion/disposition of 11,500 derivative shares at $0.00 (reported as a disposition).

Key Details

• Transaction date: 2026-09-15. Form 4 filed: 2026-09-16 (timely).
• Acquired: 44,677 shares at $1.49 each — total $66,569. (Transaction code M = exercise/conversion of derivative.)
• Disposed/converted: 11,500 derivative shares at $0.00 (reported as a disposition; filing does not state proceeds).
• Shares owned after transaction: Not specified in this Form 4.
• Footnote: F1 — the 44,677 shares were purchased by exercising rights issued in KLXE’s August 21, 2026 Equity Rights Offering (subscription price).
• No 10b5-1 plan, tax-withholding note, or late filing flag is indicated.

Context
This was an exercise of subscription rights from an equity rights offering (a purchase), which is a direct buy of company stock rather than an open-market trade. The filing does not report any immediate sale of the acquired shares. The reported disposition of 11,500 derivative shares at $0.00 appears as a conversion/disposition on the Form 4 but the filing gives no further economic detail.