Form 4: Cyrus Capital Partners Reduces Stake in Garrett Motion Inc.

Cyrus Capital Partners sold a portion of its Garrett Motion Inc. shares at prices ranging from $9.95 to $10.01.

Summary

• Cyrus Capital Partners, L.P. sold shares of Garrett Motion Inc. common stock on April 8 and April 9, 2024.
• On April 8, 2024, 58,306 shares were sold at a weighted average price of $9.9584.
• On April 9, 2024, 271,889 shares were sold at a weighted average price of $9.9941.
• Following these transactions, Cyrus Capital Partners' beneficial ownership decreased to 27,341,177 shares.
• The sales were executed in multiple transactions within price ranges of $9.95 to $10.01 and $9.95 to $10.00, respectively.
• Stephen C. Freidheim, as Chief Investment Officer of Cyrus Capital Partners GP, L.L.C., signed the report on behalf of the entities.

Sentiment

Score: 5

Explanation: The document is a standard SEC Form 4 filing, indicating a change in ownership. It doesn't inherently convey positive or negative sentiment, but rather reports factual transactions.

Industry Context

This filing reflects ongoing transactions by major shareholders, which is a common occurrence. The impact on the stock price depends on the overall market sentiment and the company's performance.

Stakeholder Impact

• The sale of shares by a major shareholder like Cyrus Capital Partners could potentially influence investor sentiment and the stock price of Garrett Motion Inc.
• The impact on other stakeholders such as employees, customers, and suppliers is likely to be minimal unless this transaction signals a significant shift in the company's strategic direction.

Key Dates