Form 4: Cyrus Capital Partners Sells 155,000 Shares of Garrett Motion Inc.

Cyrus Capital Partners, a significant shareholder of Garrett Motion Inc. [GTX], disposed of 155,000 shares of common stock at an average price of $11.2458 per share.

Summary

• Cyrus Capital Partners, L.P., along with related entities Cyrus Capital Partners GP, L.L.C. and Stephen C. Freidheim, reported a transaction involving Garrett Motion Inc. [GTX] common stock.
• On May 5, 2025, Cyrus Capital Partners sold 155,000 shares of GTX at a weighted average price of $11.2458.
• The sales occurred in multiple transactions with prices ranging from $11.20 to $11.28.
• Following the reported transaction, Cyrus Capital Partners beneficially owns 25,151,724 shares of Garrett Motion Inc. indirectly through various private investment funds.
• Stephen C. Freidheim, as Chief Investment Officer of Cyrus Capital Partners and sole member/manager of Cyrus Capital GP, also disclaims beneficial ownership except to the extent of his pecuniary interest.

Sentiment

Score: 5

Explanation: Neutral sentiment as it's a standard disclosure of share sales. The impact on the company depends on the market's interpretation of the sale.

Negatives

• Cyrus Capital Partners reduced its holdings in Garrett Motion Inc. by selling 155,000 shares.

Industry Context

Form 4 filings are standard disclosures required by the SEC when insiders or significant shareholders of a publicly traded company buy or sell the company's stock. This filing indicates a change in ownership by a major shareholder, Cyrus Capital Partners.

Stakeholder Impact

• Shareholders may react to the news of a significant shareholder selling shares, potentially impacting the stock price.
• The sale could influence market perception of Garrett Motion Inc.'s prospects.

Key Dates

Keywords

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