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

Cyrus Capital Partners, a major shareholder in Garrett Motion Inc. (GTX), has sold a portion of its common stock holdings between April 14 and April 16, 2025.

Summary

• Cyrus Capital Partners, L.P., along with related entities and Stephen C. Freidheim, have reported the sale of Garrett Motion Inc. (GTX) common stock.
• The sales occurred over three days: April 14, 2025, April 15, 2025, and April 16, 2025.
• On April 14, 2025, 1,502,441 shares were sold at a weighted average price of $9.05.
• On April 15, 2025, 250,000 shares were sold at $9.03.
• On April 16, 2025, 150,000 shares were sold at $9.00.
• Following these transactions, Cyrus Capital Partners' indirect beneficial ownership stands at 25,434,957 shares.
• The reporting persons disclaim beneficial ownership of the securities except to the extent of their pecuniary interest.

Sentiment

Score: 4

Explanation: The sentiment is neutral to slightly negative. While the filing itself is a standard procedure, the sale of shares by a major holder like Cyrus Capital Partners could be interpreted as a lack of confidence or a strategic portfolio adjustment, potentially impacting investor sentiment.

Risks

• The document indicates a reduction in Cyrus Capital Partners' stake in Garrett Motion Inc., which could be perceived negatively by the market.
• Large sales by major shareholders can sometimes create downward pressure on the stock price.

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

Form 4 filings are standard disclosures for significant shareholders and insiders, providing transparency to the market regarding their transactions in the company's stock.

Stakeholder Impact

• Shareholders may react to the news of Cyrus Capital Partners selling shares.
• The market may interpret the sale as a signal about the company's prospects.

Key Dates

Keywords

Garrett Motion Inc., GTX, Cyrus Capital Partners, Stephen C. Freidheim, share sale, beneficial ownership, Form 4, securities