KLX Energy (KLXE) CEO Christopher J. Baker Exercises Rights for 151,009 Shares

What Happened Christopher J. Baker (President, CEO and Director) exercised subscription rights in KLX Energy’s August 21, 2026 equity rights offering to acquire 151,009 shares at $1.49 per share for a total cash outlay of $225,003 on 2026-09-21. The Form 4 also reports a derivative conversion/disposition of 38,870 units recorded with $0 proceeds. Both transactions are reported with transaction code M (exercise/conversion of a derivative).

Key Details

• Transaction date: 2026-09-21.
• Primary purchase: 151,009 shares acquired at $1.49 each — total $225,003.
• Secondary line: 38,870 derivative units reported disposed at $0 (recorded as a conversion/disposition).
• Footnote: The 151,009 shares were purchased by exercising rights at the subscription price offered in the company’s August 21, 2026 Equity Rights Offering (Footnote F1).
• Shares owned following the transactions: not specified in the provided filing excerpt.
• Filing timeliness: Reported on 2026-09-21 for the same reporting date — appears timely.

Context

• This was a purchase via exercise of subscription rights from an equity rights offering (not an open-market buy), so it reflects participation in a company-offered subscription.
• The derivative code M indicates an exercise/conversion event; there is no clear evidence in the filing that shares were immediately sold (i.e., it appears to be a purchase rather than a cashless exercise and sale).
• Footnote clarifies the mechanics; the $0 disposition line likely reflects conversion/recording of derivative units rather than a cash sale.