Christopher J. Baker, President, Chief Executive Officer and Director of KLX Energy Services Holdings, Inc. (NASDAQ:KLXE), filed a Form 4 on September 21, 2026, disclosing the exercise of Basic Subscription Rights and the resulting change in his beneficial ownership of common stock.

Key Highlights

  • Reporting person: Christopher J. Baker, serving as President, Chief Executive Officer and Director of KLX Energy Services Holdings, Inc.
  • Transaction type: Transaction code M, reflecting the exercise of Basic Subscription Rights to acquire common stock.
  • Shares acquired: 151,009 shares of common stock acquired at a price of $1.49 per share on September 21, 2026.
  • Post-transaction ownership: Baker directly beneficially owned 605,735 shares of common stock following the reported transaction.
  • Rights offering context: According to the filing, the shares were purchased through the exercise of rights held by Baker at the subscription price offered by the company in its August 21, 2026 Equity Rights Offering.
  • Derivative security column: The filing records 38,870 Basic Subscription Rights disposed of (code M) with an exercise price of $1.49, expiring September 23, 2026, and 415,856 derivative securities beneficially owned following the transaction, directly held.

Baker Exercises Rights in KLX Energy Equity Offering

According to the Form 4 filing, Baker exercised Basic Subscription Rights on September 21, 2026, acquiring 151,009 shares of KLX Energy Services Holdings common stock at the subscription price of $1.49 per share. The filing notes that these shares were purchased through rights held by Baker at the subscription price offered by the company in its August 21, 2026 Equity Rights Offering. KLX Energy Services Holdings is the issuer, traded on NASDAQ under the symbol KLXE.

The filing's Table I records Baker's direct beneficial ownership of common stock rising to 605,735 shares following the transaction. Table II of the filing covers the derivative security side of the transaction: 38,870 Basic Subscription Rights with a conversion or exercise price of $1.49, exercisable from August 21, 2026 through September 23, 2026, were disposed of via the exercise (transaction code M). Following this transaction, 415,856 Basic Subscription Rights are listed as beneficially owned directly by Baker in Table II. The price of the derivative security is recorded as $0 in that table. The Form 4 was signed by Max L. Bouthillette as attorney-in-fact for Baker on September 21, 2026.

What Was Disclosed

Baker's Form 4 discloses the acquisition of 151,009 shares of KLXE common stock at $1.49 each through the company's August 21, 2026 Equity Rights Offering, bringing his directly held common stock to 605,735 shares as of September 21, 2026.