KLX Energy Director Robertson Corbin Exercises 225K Shares

What Happened
Robertson Corbin Jr., a director of KLX Energy Services Holdings, exercised equity rights in the company's August 21, 2026 rights offering to acquire 225,353 shares at $1.49 per share for a total cash payment of $335,776. The Form 4 also reports a related entry showing 58,006 shares disposed at $0.00 (a derivative conversion/disposition entry related to the exercise).

Key Details

• Transaction date: 2026-09-14; Form 4 filed: 2026-09-15 (timely filing).
• Acquired: 225,353 shares at $1.49 each; total cash paid reported as $335,776.
• Disposed/converted: 58,006 shares at $0.00 (reported as a derivative conversion/disposition).
• Footnote: These shares were purchased by exercise of rights held by the reporting person at the subscription price offered in the company’s August 21, 2026 Equity Rights Offering (Footnote F1).
• Shares owned after the transaction: not provided in the summary data supplied.

Context
This was an acquisition via exercise of subscription rights (derivative exercise), not a sale; no immediate sale of the acquired shares is reported in the filing. The $1.49 subscription price and the filing note indicate these shares came from the company’s rights offering rather than open-market purchases. Entries showing $0.00 for disposed derivatives commonly record conversion or cancellation of the underlying rights upon exercise.