Form 4: Cyrus Capital Partners Sells Garrett Motion Inc. Shares

Cyrus Capital Partners, a major shareholder of Garrett Motion Inc. [GTX], sold 3,779 shares of common stock at an average price of $10.0105 on July 18, 2024.

Summary

• Cyrus Capital Partners, L.P., along with Cyrus Capital Partners GP, L.L.C., and Stephen C. Freidheim, reported a transaction involving the sale of Garrett Motion Inc. [GTX] common stock on July 18, 2024.
• A total of 3,779 shares were sold at a weighted average price of $10.0105 per share, with individual prices ranging from $10.00 to $10.025.
• Following the transaction, the reporting persons indirectly beneficially own 27,337,398 shares of Garrett Motion Inc.
• The shares are held by various private investment funds managed by Cyrus Capital Partners.

Sentiment

Score: 5

Explanation: The document is a standard SEC filing reporting a transaction. It doesn't inherently convey positive or negative sentiment, but rather provides factual information about a share sale.

Industry Context

This filing reflects ongoing transactions by major shareholders, which is a common occurrence. The sale by Cyrus Capital Partners could be for portfolio rebalancing or other investment strategies.

Stakeholder Impact

• The sale of shares by a major shareholder could potentially influence investor sentiment, although the impact is likely to be minimal given the relatively small number of shares sold compared to the total holdings.

Key Dates