Form 4: KLX Energy Services Executive Sells 1,000 Shares Under 10b5-1 Plan

A KLX Energy Services executive sold 1,000 shares of common stock at an average price of $4.48, as part of a pre-arranged trading plan.

Summary

• Keefer McGovern Lehner, an Executive Vice President and Chief Financial Officer at KLX Energy Services Holdings, Inc., sold 1,000 shares of common stock on December 26, 2024.
• The sale was executed under a Rule 10b5-1 trading plan adopted on September 26, 2024, for tax and estate planning purposes.
• The shares were sold at a weighted average price of $4.48, with individual transaction prices ranging from $4.45 to $4.60.
• Following the transaction, Lehner directly owns 90,988 shares of KLX Energy Services stock.

Sentiment

Score: 5

Explanation: The document reflects a routine transaction under a pre-arranged trading plan, with no indication of positive or negative sentiment.

Management Comments

• The sales reported in this Form 4 were effected pursuant to a Rule 10b5-1 trading plan adopted by the reporting person on September 26, 2024 for tax and estate planning purposes.

Industry Context

This is a routine filing related to insider trading activity and is common for executives who have pre-arranged trading plans.

Comparison to Industry Standards

• Rule 10b5-1 trading plans are a common practice among corporate executives to avoid accusations of insider trading.
• The sale of 1,000 shares is a relatively small transaction and is not unusual for executives managing their personal finances.

Stakeholder Impact

• The sale of shares by an executive may have a minor impact on shareholder sentiment, but is unlikely to significantly affect the stock price due to the small volume and pre-planned nature of the transaction.

Key Dates

Keywords

KLX Energy Services, insider trading, Form 4, Rule 10b5-1, stock sale, executive, Keefer McGovern Lehner