Form 4: Cyrus Capital Partners Reports Significant Sale of Garrett Motion Inc. Shares

Cyrus Capital Partners, a 10% owner and director of Garrett Motion Inc., has reported the sale of 300,000 shares of common stock at a weighted average price of $11.1033 per share.

Summary

• Cyrus Capital Partners, L.P., along with its general partner Cyrus Capital Partners GP, L.L.C., and Stephen C. Freidheim (Chief Investment Officer), collectively reported the sale of 300,000 shares of Garrett Motion Inc. common stock.
• The transaction is scheduled to occur on July 7, 2025, as part of a pre-planned sale under Rule 10b5-1(c).
• The shares were sold at a weighted average price of $11.1033, with individual transaction prices ranging from $11.00 to $11.15.
• Following this transaction, the reporting persons will beneficially own 23,133,686 shares of Garrett Motion Inc. common stock.
• The beneficial ownership is indirect, held through various private investment funds managed by Cyrus Capital Partners, including Cyrus 1740 Master Fund, L.P., Canary SC Master Fund, L.P., and others.

Sentiment

Score: 3

Explanation: The sale of a significant block of shares by a major institutional investor and director is generally viewed as a negative signal, potentially indicating reduced confidence or a strategic divestment, which could put downward pressure on the stock price.

Negatives

• The sale of 300,000 shares by Cyrus Capital Partners, a 10% owner and director, represents a significant reduction in a major institutional investor's stake in Garrett Motion Inc.
• This transaction could be interpreted by the market as a negative signal regarding the insider's confidence in the company's future prospects or valuation.

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, upon request, full information regarding the number of shares sold at each separate price within the range set forth herein.
• Each of the Reporting Persons disclaims beneficial ownership of any securities reported by any person except to the extent of his or its pecuniary interest therein, if any.

Industry Context

This Form 4 filing details an insider transaction, specifically a sale of shares by a significant institutional investor and director. Such transactions are typically driven by the investor's portfolio management strategies, liquidity needs, or a change in their outlook on the specific company or broader market conditions, rather than reflecting general industry trends.

Stakeholder Impact

• Shareholders may interpret the sale by a significant institutional investor and director as a negative signal, potentially leading to decreased investor confidence and downward pressure on the stock price.

Key Dates

Recommendation

Keywords

Garrett Motion Inc., GTX, Cyrus Capital Partners, Stephen C. Freidheim, SEC Form 4, Insider Trading, Stock Sale, Beneficial Ownership, Institutional Investor, Equity Transaction, Rule 10b5-1