Max Bouthillette - Apr 3, 2023 Form 4 Insider Report for KLX Energy Services Holdings, Inc. (KLXE)

Signature
/s/ Max L. Bouthillette
Stock symbol
KLXE
Transactions as of
Apr 3, 2023
Transactions value $
-$12,470
Form type
4
Date filed
4/3/2023, 09:30 PM
Previous filing
Feb 10, 2023
Next filing
May 2, 2023

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction KLXE Common stock Sale -$12.5K -1K -1.81% $12.47 54.2K Apr 3, 2023 Direct F1
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Buy Plan / Sale Plan: These are also open market purchases/sales of shares, but in this case the transaction is part of a trading plan. Rule 10b5-1 allows insiders to setup a trading plan to buy/sell stocks over a certain period of time. Since the purchases/sales are predetermined, this protects the insiders from violating insider trading law.

Transaction was made pursuant to a contract, instruction or written plan for the purchase or sale of equity securities of the issuer that is intended to satisfy the affirmative defense conditions of Rule 10b5-1(c).

Explanation of Responses:

Id Content
F1 The sales reported in this Form 4 were effected pursuant to a Rule 10b5-1 trading plan adopted by the reporting person on December 30, 2022 for tax and estate planning purposes.

Remarks:

Executive Vice President, General Counsel and Chief Compliance Officer