| Item 1. | |
| (a) | Name of issuer:
KLX Energy Services Holdings, Inc. |
| (b) | Address of issuer's principal executive offices:
3040 Post Oak Boulevard, 15th Floor, Houston, Texas 77056 |
| Item 2. | |
| (a) | Name of person filing:
Cross Ocean Partners Management LP ("Cross Ocean Management")
Cross Ocean Partners Management GP, LLC ("Cross Ocean Management GP")
GG Managers LLC ("GG Managers")
Graham C. Goldsmith
Each of such persons is referred to herein individually as a "Reporting Person" and collectively as the "Reporting Persons." This Schedule 13G is being filed pursuant to a Joint Filing Agreement, previously filed with the original Schedule 13G. |
| (b) | Address or principal business office or, if none, residence:
The principal business address of Cross Ocean Management, Cross Ocean Management GP, GG Managers, and Mr. Goldsmith is c/o Cross Ocean Partners Management LP, 60 Arch Street, 3rd Floor, Greenwich, CT 06830. |
| (c) | Citizenship:
Cross Ocean Management is a Delaware limited partnership.
Cross Ocean Management GP is a Delaware limited liability company.
GG Managers is a Delaware limited liability company.
Mr. Goldsmith is a citizen of the United States. |
| (d) | Title of class of securities:
Common Stock, $0.01 Par Value |
| (e) | CUSIP No.:
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| Item 3. | If this statement is filed pursuant to §§ 240.13d-1(b) or 240.13d-2(b) or (c), check whether the person filing is a: |
| (a) |  Broker or dealer registered under section 15 of the Act (15 U.S.C. 78o);
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| (b) | Bank as defined in section 3(a)(6) of the Act (15 U.S.C. 78c);
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| (c) | Insurance company as defined in section 3(a)(19) of the Act (15 U.S.C. 78c);
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| (d) | Investment company registered under section 8 of the Investment Company Act of 1940 (15 U.S.C. 80a-8);
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| (e) | An investment adviser in accordance with § 240.13d-1(b)(1)(ii)(E);
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| (f) | An employee benefit plan or endowment fund in accordance with § 240.13d-1(b)(1)(ii)(F);
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| (g) | A parent holding company or control person in accordance with § 240.13d-1(b)(1)(ii)(G);
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| (h) | A savings associations as defined in Section 3(b) of the Federal Deposit Insurance Act (12 U.S.C. 1813);
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| (i) | A church plan that is excluded from the definition of an investment company under section 3(c)(14) of the Investment Company Act of 1940 (15 U.S.C. 80a-3);
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| (j) | A non-U.S. institution in accordance with § 240.13d-1(b)(1)(ii)(J). If filing as a non-U.S. institution in accordance with § 240.13d-1(b)(1)(ii)(J),
please specify the type of institution:
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| (k) | Group, in accordance with Rule 240.13d-1(b)(1)(ii)(K).
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| Item 4. | Ownership |
| (a) | Amount beneficially owned:
As of the date requiring this Schedule 13G amendment, March 31, 2026, the Reporting Persons beneficially owned 745,122 Shares, including warrants to purchase up to 305,438 Shares at an exercise price of $0.01, which are currently exercisable at the holder's option ("Warrants"). Pursuant to investment management agreements, Cross Ocean Management has received delegated authority relating to certain managed funds that directly beneficially own, in the aggregate, 745,122 Shares (including 305,438 Warrants). Cross Ocean Management GP is the sole general partner of Cross Ocean Management. GG Managers is the sole member of Cross Ocean Management GP. Graham Goldsmith is the sole member of Cross Ocean GG Members. As a result, each of Cross Ocean Management, Cross Ocean Management GP, GG Managers, and Mr. Goldsmith may be deemed to indirectly beneficially own the 745,122 Shares (including 305,438 Warrants) directly beneficially owned by the funds managed by Cross Ocean Management. Each of the Reporting Persons disclaims beneficial ownership of the Shares that they report as owning in this Schedule 13G. |
| (b) | Percent of class:
See the response to row 11 of the attached cover page of each Reporting Person (based on 19,688,752 Shares issued and outstanding as of March 17, 2026, as reported in the definitive proxy statement on Schedule 14A of the Issuer filed with the Securities and Exchange Commission on March 26, 2026). |
| (c) | Number of shares as to which the person has:
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| | (i) Sole power to vote or to direct the vote:
See the response to row 5 of the attached cover page of each Reporting Person.
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| | (ii) Shared power to vote or to direct the vote:
See the response to row 6 of the attached cover page of each Reporting Person, as well as the response to Item 4(a) above.
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| | (iii) Sole power to dispose or to direct the disposition of:
See the response to row 7 of the attached cover page of each Reporting Person.
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| | (iv) Shared power to dispose or to direct the disposition of:
See the response to row 8 of the attached cover page of each Reporting Person, as well as the response to Item 4(a) above.
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| Item 5. | Ownership of 5 Percent or Less of a Class. |
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Ownership of 5 percent or less of a class
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| Item 6. | Ownership of more than 5 Percent on Behalf of Another Person. |
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Not Applicable
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| Item 7. | Identification and Classification of the Subsidiary Which Acquired the Security Being Reported on by the Parent Holding Company or Control Person. |
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Not Applicable
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| Item 8. | Identification and Classification of Members of the Group. |
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Not Applicable
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| Item 9. | Notice of Dissolution of Group. |
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Not Applicable
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