Form 4: Cyrus Capital Reduces Garrett Motion Stake

Cyrus Capital Partners, a 10% owner and director, reported the sale of over 613,000 shares of Garrett Motion Inc. common stock across three transactions in September 2025.

Summary

• Cyrus Capital Partners, L.P., a 10% owner and director of Garrett Motion Inc. (GTX), reported the sale of common stock.
• On September 9, 2025, 23,225 shares were sold at a weighted average price of $13.2501 per share.
• On September 10, 2025, 239,612 shares were sold at a weighted average price of $13.2258 per share.
• On September 11, 2025, 350,566 shares were sold at a weighted average price of $13.2758 per share.
• Following these transactions, Cyrus Capital Partners indirectly beneficially owns 20,009,945 shares of Garrett Motion Inc.
• The sales were conducted pursuant to a Rule 10b5-1(c) plan, indicating a pre-arranged schedule for the transactions.

Sentiment

Score: 4

Explanation: The sale by a significant insider is generally a negative signal, but the execution under a 10b5-1 plan mitigates the immediate concern of new adverse information. It's a planned reduction, not necessarily a vote of no confidence based on recent events.

Positives

• The transactions were executed under a Rule 10b5-1(c) plan, indicating a pre-scheduled sale rather than an immediate reaction to new, undisclosed information.

Negatives

• A significant 10% owner and director is reducing their stake in the company, which could be perceived negatively by the market.
• The sales occurred over three consecutive days, totaling 613,403 shares, representing a notable reduction in their holdings.

Future Outlook

NA

Industry Context

This filing reflects a routine disclosure of insider trading activity. While the sale by a significant shareholder and director could be interpreted as a lack of confidence, the execution under a Rule 10b5-1 plan suggests a pre-planned divestment rather than an immediate reaction to new market conditions or undisclosed information. Such sales are common for large institutional investors managing portfolio allocations.

Stakeholder Impact

• Shareholders: May interpret the insider selling as a negative signal, potentially leading to downward pressure on the stock price. However, the 10b5-1 plan suggests a pre-planned divestment, which can temper such concerns.

Key Dates

Recommendation

While insider selling by a significant shareholder and director can be a negative signal, the transactions were executed under a pre-arranged 10b5-1 plan. This suggests a planned portfolio adjustment rather than a reaction to new, adverse company-specific information. Investors should monitor future filings and company performance, but this specific filing alone does not warrant a 'sell' recommendation without further context on the company's fundamentals or the insider's overall investment strategy.

Keywords

Garrett Motion, GTX, Cyrus Capital Partners, Insider Selling, Form 4, Beneficial Ownership, Equity Sales, Director Sales, 10% Owner, Rule 10b5-1