Geoffrey C. Stanford - 01 Apr 2022 Form 4 Insider Report for KLX Energy Services Holdings, Inc. (KLXE)

Signature
/s/ Max L. Bouthillette, attorney-in-fact
Issuer symbol
KLXE
Transactions as of
01 Apr 2022
Net transactions value
+$36,537
Form type
4
Filing time
27 Sep 2023, 17:42:41 UTC
Previous filing
02 Sep 2022
Next filing
17 Nov 2022

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction KLXE Common stock Award $63,600 +12,000 +71% $5.30 28,867 01 Apr 2022 Direct F1
transaction KLXE Common stock Award $53,880 +4,000 +19% $13.47 24,621 01 Mar 2023 Direct F2
transaction KLXE Common stock Sale $80,943 -7,426 -30% $10.90 17,195 26 Sep 2023 Direct F3
* 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 Grant of restricted stock vesting in three annual equal installments on April 1st
F2 Grant of restricted stock vesting in one annual installment on March 1st
F3 The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions on one day at prices ranging from $10.88 to $10.91. The reporting person undertakes to provide to the issuer, any security holder of the issuer, or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the ranges set forth in this footnote.

Remarks:

Senior Vice President and Chief Accounting Officer