Form 4: Cyrus Capital Partners Sells Garrett Motion Inc. Shares
SEC Form 4
Cyrus Capital Partners, a significant shareholder of Garrett Motion Inc., disposed of 163,027 shares of common stock at an average price of $10.0045 on April 1, 2024.
Summary
- Cyrus Capital Partners, L.P., along with related entities and Stephen C. Freidheim, reported the sale of 163,027 shares of Garrett Motion Inc. common stock on April 1, 2024.
- The shares were sold at a weighted average price of $10.0045, with individual transactions ranging from $10.00 to $10.05.
- Following the transaction, the reporting persons beneficially own 27,671,372 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 standard disclosure of share sales. The size of the sale is not significant enough to cause major concern, but it's worth noting.
Industry Context
This transaction represents a change in holdings by a major shareholder, which is a common occurrence. The impact on Garrett Motion's stock price will depend on market perception and the overall financial health of the company.
Key Dates
| Date | Description |
|---|---|
| 04/01/2024 | Date of the transaction where 163,027 shares of Garrett Motion Inc. were sold. |
| 04/03/2024 | Date of signature for the Form 4 filing. |
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