SCHEDULE: Cyrus Capital Reduces Garrett Motion Stake to 10.5%

Cyrus Capital Partners and its affiliates have reduced their beneficial ownership in Garrett Motion Inc. to 10.5% through recent open market sales.

Summary

• Cyrus Capital Partners, L.P., and its affiliates, including Stephen C. Freidheim, beneficially own 21,123,348 shares of Garrett Motion Inc. Common Stock.
• This ownership represents 10.5% of Garrett Motion Inc.'s outstanding Common Stock.
• Cyrus Capital Advisors, L.L.C. beneficially owns 13,870,085 shares, which is 6.9% of the class.
• The percentage ownership is calculated based on 201,575,459 shares of Common Stock outstanding as of July 18, 2025.
• The Reporting Persons engaged in open market sales of a total of 3,787,976 shares between June 27, 2025, and August 20, 2025.
• The sale prices for these transactions ranged from $10.4000 to $13.3150 per share.

Sentiment

Score: 4

Explanation: The filing indicates a significant reduction in stake by a major institutional investor, which is generally a negative signal for the company's stock, suggesting a potential loss of confidence or profit-taking.

Negatives

• Cyrus Capital Partners, a significant institutional investor, has reduced its stake in Garrett Motion Inc. by selling 3,787,976 shares.
• This reduction in ownership by a major shareholder could signal a change in investment thesis or a move to realize gains, potentially indicating a less favorable outlook.

Risks

• Significant selling by a major institutional investor like Cyrus Capital Partners could exert downward pressure on Garrett Motion Inc.'s stock price.
• A reduction in a large shareholder's stake might be interpreted by the market as a loss of confidence in the company's future prospects or a belief that the stock is fully valued.

Future Outlook

No forward-looking statements or guidance are provided in this filing.

Industry Context

This filing details a change in beneficial ownership by a specific institutional investor in Garrett Motion Inc. and does not provide broader industry trends or context. However, significant sales by a major investor can sometimes reflect sentiment towards a sector or specific company within it.

Stakeholder Impact

• Shareholders: The reduction in stake by a major investor could lead to negative market sentiment and potential downward pressure on the share price.
• Company Management: May need to address market concerns regarding the significant investor's reduced position.

Key Dates

Recommendation

The substantial reduction in stake by Cyrus Capital Partners, a sophisticated institutional investor, suggests a potential loss of conviction in Garrett Motion Inc.'s future performance or a strategic decision to reallocate capital. Such a move by a major shareholder often signals underlying concerns or a belief that the stock has reached its near-term potential, making a 'sell' recommendation prudent for investors to consider.

Keywords

Garrett Motion Inc., Cyrus Capital Partners, Schedule 13D/A, Beneficial Ownership, Stock Sales, Institutional Investor, Common Stock, Shareholder Activity, Equity Stake