Form 4: Cyrus Capital Partners Sells 100,000 Shares of Garrett Motion Inc.

Cyrus Capital Partners, a significant shareholder of Garrett Motion Inc. (GTX), disposed of 100,000 shares of common stock at an average price of $10.0029 per share.

Summary

• Cyrus Capital Partners, L.P., along with related entities and Stephen C. Freidheim, reported a transaction involving Garrett Motion Inc. (GTX) common stock.
• On May 1, 2025, Cyrus Capital Partners sold 100,000 shares at a weighted average price of $10.0029 per share, with prices ranging from $10.00 to $10.07.
• Following the transaction, the reporting persons beneficially own 25,306,724 shares indirectly through various private investment funds.
• The reporting persons disclaim beneficial ownership of the securities except to the extent of their pecuniary interest.

Sentiment

Score: 5

Explanation: Neutral sentiment as it's a routine disclosure of share sales. The size of the sale is not significant enough to indicate a strong positive or negative outlook.

Industry Context

This transaction represents a change in holdings by a major shareholder, which is a common occurrence. The impact on the market depends on the size of the transaction relative to the overall market capitalization and trading volume of GTX.

Stakeholder Impact

• The sale of shares by a major shareholder could potentially create short-term price volatility for shareholders.
• The transaction itself has no direct impact on employees, customers, suppliers, or creditors.

Key Dates

Keywords

Garrett Motion Inc., GTX, Cyrus Capital Partners, Stephen C. Freidheim, Share Sale, Beneficial Ownership, Form 4, SEC