Form 4: Cyrus Capital Partners Reduces Garrett Motion Stake

Cyrus Capital Partners, a 10% owner and director, sold over 150,000 shares of Garrett Motion Inc. common stock in mid-August.

Summary

• Cyrus Capital Partners, L.P., along with its general partner Cyrus Capital Partners GP, L.L.C., and Chief Investment Officer Stephen C. Freidheim, reported sales of Garrett Motion Inc. (GTX) common stock.
• On August 15, 2025, 876 shares were sold at a weighted average price of $13.0057 per share, with prices ranging from $13.00 to $13.03.
• On August 18, 2025, an additional 150,629 shares were sold at a weighted average price of $13.0097 per share, with prices ranging from $13.00 to $13.105.
• Following these transactions, the reporting persons beneficially own 22,428,348 shares of Garrett Motion Inc. common stock.
• The beneficial ownership is indirect, held through various private investment funds managed by Cyrus Capital Partners.

Sentiment

Score: 4

Explanation: The sentiment is slightly negative due to significant insider selling by a 10% owner and director, which can be perceived as a lack of confidence or a strategic reduction in exposure.

Negatives

• A significant shareholder and director, Cyrus Capital Partners, reduced its stake in Garrett Motion Inc. through multiple sales.
• The sales occurred at prices around $13.00 per share, potentially indicating a lack of conviction at higher price points or a strategic portfolio rebalancing.

Future Outlook

NA

Management Comments

• The Reporting Persons undertake to provide to the Issuer, any security holder of the Issuer, or the staff of the Securities and Exchange Commission (the 'SEC'), upon request, full information regarding the number of shares sold at each separate price within the reported ranges.

Industry Context

This filing is a routine disclosure of insider trading activity and does not provide broader industry context or trends. It reflects a specific investment firm's portfolio management decisions regarding its stake in Garrett Motion Inc.

Related Party Transactions

• The reported sales are transactions by a 10% owner and director (Cyrus Capital Partners and Stephen C. Freidheim), which are considered related party transactions under SEC rules.

Stakeholder Impact

• Shareholders may view the sales by a significant owner and director as a negative signal regarding the company's near-term prospects or valuation.

Key Dates

Recommendation

The filing indicates significant insider selling by a 10% owner and director. While this is a negative signal, a Form 4 alone does not provide sufficient information on the company's fundamentals, future prospects, or broader market conditions to warrant a 'sell' recommendation. It suggests a cautious 'hold' stance, prompting investors to investigate the reasons behind the insider sales and assess the company's overall financial health and strategic direction from other filings.

Keywords

Garrett Motion, GTX, Cyrus Capital Partners, Insider Selling, Form 4, Beneficial Ownership, Equity Sales, Investment Funds