Form 4: Oaktree Sells 2.5M Garrett Motion Shares

Oaktree Capital Group Holdings GP, LLC and related entities reported the sale of 2.5 million shares of Garrett Motion Inc. common stock at $16.26 per share.

Summary

• Oaktree Capital Group Holdings GP, LLC, a 10% owner and entity with director representation, reported the sale of 2,500,000 shares of Garrett Motion Inc. common stock.
• The transaction occurred on November 3, 2025, with shares sold at a price of $16.26 per share.
• Following this transaction, Oaktree Capital Group Holdings GP, LLC and its related entities beneficially own 23,394,816 shares of Garrett Motion Inc. common stock.
• The reported securities are directly held by Oaktree Value Opportunities Fund Holdings, L.P., OCM Opps GTM Holdings LLC, Oaktree Phoenix Investment Fund LP, and Oaktree Opportunities Fund Xb Holdings (Delaware), L.P. (collectively, the 'Oaktree Entities').
• Beneficial ownership may be deemed by the direct and indirect managers or general partners of the Direct Holders, including Oaktree Capital Holdings, LLC and Oaktree Capital Group Holdings GP, LLC.

Sentiment

Score: 4

Explanation: The sentiment is moderately negative due to a significant insider sale by a major institutional investor and 10% owner. While not a full divestment, such a large sale can signal reduced confidence or a strategic rebalancing, which typically weighs on investor sentiment.

Negatives

• A significant sale of 2.5 million shares by a 10% owner and entity with director representation could be interpreted by the market as a reduction in confidence or a strategic portfolio rebalancing.

Future Outlook

NA

Industry Context

This filing is a routine insider transaction report and does not provide specific industry context. However, significant insider selling by a major institutional investor can sometimes influence market perception of the company within its industry.

Related Party Transactions

• The transaction involves Oaktree Capital Group Holdings GP, LLC and its related entities, which are 10% owners and have director representation in Garrett Motion Inc., making this an insider transaction.

Stakeholder Impact

• Shareholders may view the significant sale by a major institutional investor as a negative signal, potentially leading to downward pressure on the stock price.
• Other investors might interpret this as a cue to re-evaluate their positions in Garrett Motion Inc.

Key Dates

Recommendation

While a significant insider sale by a 10% owner is generally a negative signal, Oaktree Capital Group Holdings GP, LLC and its related entities still retain a substantial beneficial ownership of over 23 million shares. This suggests it may be a portfolio rebalancing or profit-taking rather than a complete loss of confidence. Investors should hold existing positions but monitor future insider activity and company performance closely for further indications of strategic shifts or changes in fundamental outlook.

Keywords

Garrett Motion, GTX, Oaktree Capital, Insider Sale, Form 4, Beneficial Ownership, Equity Transaction