[Form 4] FTAI Infrastructure Inc. Insider Trading Activity

Rhea-AI Filing Summary

Fletcher Carl Russell IV, who is listed as an officer (CFO and CAO) of FTAI Infrastructure Inc. (ticker: FIP), reported an insider purchase on 08/21/2025. The Form 4 shows 10,000 shares were acquired at a weighted average price of $4.48 (purchase prices ranged from $4.46 to $4.48). After the transaction the reporting person beneficially owns 30,000 shares directly. The filing was submitted via attorney-in-fact Kevin Krieger, who signed the Form 4 on behalf of the reporting person. The filer notes it will provide transaction-level price details on request.

Positive

• Officer purchase of 10,000 shares at a weighted average of $4.48, indicating insider acquisition activity.
• Direct beneficial ownership increased to 30,000 shares, disclosed transparently on Form 4.
• Purchase price range disclosed ($4.46–$4.48) with commitment to provide per-transaction details on request.

Negative

• None.

Insights

Financial Analyst

TL;DR: Officer purchased 10,000 shares at a ~$4.48 weighted average, raising direct ownership to 30,000 shares.

The Form 4 documents a routine officer purchase rather than a derivative exercise or sale. The 10,000-share buy at a weighted average of $4.48, with prices between $4.46 and $4.48, modestly increases the officer's direct stake. For investors this is a disclosure of insider activity but the size of ownership (30,000 shares total) appears small relative to typical company float sizes; the filing does not disclose dollar value of total holdings or percentage ownership, limiting assessment of materiality.

Corporate Governance Expert

TL;DR: Filing is a standard Section 16 disclosure showing an open-market purchase by an officer; no governance red flags present.

The submission follows Form 4 requirements: it reports transaction date, codes, amounts, price range, and includes an attorney-in-fact signature. The nature of beneficial ownership is reported as direct. There are no amendments, no plans referenced (e.g., 10b5-1), and no disposals associated with this filing. Absent other filings or context, this transaction appears routine and compliant with reporting rules.

SEC Form 4

FORM 4

UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934
or Section 30(h) of the Investment Company Act of 1940

OMB APPROVAL

OMB Number:			3235-0287
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Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).

Check this box to indicate that a transaction was made pursuant to a contract, instruction or written plan for the purchase or sale of equity securities of the issuer that is intended to satisfy the affirmative defense conditions of Rule 10b5-1(c). See Instruction 10.

1. Name and Address of Reporting Person^*

Fletcher Carl Russell IV

(Last) (First) (Middle)

1345 AVENUE OF THE AMERICAS 46TH FLOOR

(Street)

NEW YORK NY 10105

(City) (State) (Zip)

2. Issuer Name and Ticker or Trading Symbol
FTAI Infrastructure Inc. [ FIP ]

5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)

	Director		10% Owner
X	Officer (give title below)		Other (specify below)
	CFO and CAO

3. Date of Earliest Transaction (Month/Day/Year)
08/21/2025

4. If Amendment, Date of Original Filed (Month/Day/Year)

6. Individual or Joint/Group Filing (Check Applicable Line)

X	Form filed by One Reporting Person
	Form filed by More than One Reporting Person

Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1. Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	3. Transaction Code (Instr. 8)		4. Securities Acquired (A) or Disposed Of (D) (Instr. 3, 4 and 5)			5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4)	6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)
			Code	V	Amount	(A) or (D)	Price
Common Stock, par value $0.01 per share	08/21/2025		P		10,000	A	$4.48(1)	30,000	D

Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 3)	2. Conversion or Exercise Price of Derivative Security	3. Transaction Date (Month/Day/Year)	3A. Deemed Execution Date, if any (Month/Day/Year)	4. Transaction Code (Instr. 8)		5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5)		6. Date Exercisable and Expiration Date (Month/Day/Year)		7. Title and Amount of Securities Underlying Derivative Security (Instr. 3 and 4)		8. Price of Derivative Security (Instr. 5)	9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4)	10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)
				Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares

Explanation of Responses:

1. The shares were purchased in multiple transactions and the price reported is a weighted average price. The purchase prices ranged from $4.46 to $4.48. The reporting person undertakes to provide 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 purchased at each separate price within the range set forth in this footnote.

	/s/ Kevin Krieger, as Attorney-In-Fact	08/21/2025
	** Signature of Reporting Person	Date
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* If the form is filed by more than one reporting person, see Instruction 4 (b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB Number.

FAQ

What did the FIP Form 4 filed by Fletcher Carl Russell IV report?

The Form 4 reports a purchase of 10,000 shares on 08/21/2025 at a weighted average price of $4.48, increasing direct ownership to 30,000 shares.

What was the price range for the shares purchased in the FIP insider filing?

The filing states the purchase prices ranged from $4.46 to $4.48, and the reported price is a weighted average of $4.48.

What is Fletcher Carl Russell IV's role at FTAI Infrastructure Inc. (FIP)?

The Form 4 identifies Fletcher Carl Russell IV as an officer with titles of CFO and CAO.

Who signed the Form 4 for the reporting person?

The Form 4 was signed by Kevin Krieger, as Attorney-In-Fact, on 08/21/2025.

Does the Form 4 indicate any derivative transactions or sales?

No. The filing shows a non-derivative purchase of common stock and reports no derivative transactions or disposals.