[Form 4] Garrett Motion Inc. Insider Trading Activity

Rhea-AI Filing Summary

Cyrus Capital Partners and related reporting persons disclosed sales of Garrett Motion Inc. (GTX) common stock on September 9-11, 2025. The filings show three separate dispositions totaling 613,403 shares sold: 23,225 shares on 09/09/2025 at a weighted average price of $13.2501, 239,612 shares on 09/10/2025 at $13.2258, and 350,566 shares on 09/11/2025 at $13.2758. After each reported transaction the beneficial ownership figures were reported as 20,600,123, 20,360,511, and 20,009,945 shares, respectively. The reporting persons are Cyrus Capital Partners, L.P., Cyrus Capital Partners GP, L.L.C., and Stephen C. Freidheim, who disclose indirect beneficial ownership through several Cyrus-managed funds and disclaim beneficial ownership except to the extent of pecuniary interest. Footnotes state the reported prices are weighted averages from multiple executions within specified price ranges and that no derivative securities are reported.

Positive

• Full disclosure of sale dates, aggregated share counts, weighted-average prices, and post-transaction beneficial ownership is provided
• Reporting includes legal footnotes committing to provide per-trade allocation details on request, aiding transparency

Negative

• Substantial dispositions totaling 613,403 shares over three days reduced reported beneficial ownership from 20,600,123 to 20,009,945 shares
• No stated rationale in the filing for the sales (e.g., 10b5-1 plan) leaving motive and potential for further sales unclear

Insights

Financial Analyst

TL;DR Large block dispositions of GTX shares by a 10% owner reduced reported beneficial holdings by 613,403 shares across three days.

The reported transactions represent meaningful share sales by a significant shareholder over a short window, with weighted average prices around $13.25 per share. While the Form 4 provides clear transparency on volumes and price ranges, it does not include any information on the rationale, timing relative to any 10b5-1 plan, or whether these sales were to rebalance fund holdings. For investors, the filing confirms a reduction in indirect beneficial ownership but leaves open questions about whether further dispositions are planned since the filing contains only these three settlement dates and weighted-average price ranges rather than per-trade detail.

Corporate Governance Expert

TL;DR Significant insider sales by a director/10% owner were properly disclosed; documentation includes customary footnote disclaimers.

The Form 4 is procedurally complete: it identifies all reporting persons, their relationship to the issuer, and provides weighted-average sale prices with footnote commitments to furnish per-trade breakdowns upon request. The filing discloses indirect ownership through multiple funds and the customary disclaimer of non-beneficial ownership beyond pecuniary interest. From a governance perspective, the filing raises governance transparency points but contains no assertion of rule 10b5-1 plan use or other contractual limitations, so interpretation of the sales must rely solely on disclosed facts.

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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X

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^*

CYRUS CAPITAL PARTNERS, L.P.

(Last) (First) (Middle)

65 EAST 55 STREET

35TH FLOOR

(Street)

NEW YORK NY 10022

(City) (State) (Zip)

2. Issuer Name and Ticker or Trading Symbol
Garrett Motion Inc. [ GTX ]

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

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

3. Date of Earliest Transaction (Month/Day/Year)
09/09/2025

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

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

	Form filed by One Reporting Person
X	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	09/09/2025		S		23,225	D	$13.2501(1)	20,600,123	I	See footnotes(2)(3)
Common Stock	09/10/2025		S		239,612	D	$13.2258(4)	20,360,511	I	See footnotes(2)(3)
Common Stock	09/11/2025		S		350,566	D	$13.2758(5)	20,009,945	I	See footnotes(2)(3)

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

1. Name and Address of Reporting Person^*

CYRUS CAPITAL PARTNERS, L.P.

(Last) (First) (Middle)

65 EAST 55 STREET

35TH FLOOR

(Street)

NEW YORK NY 10022

(City) (State) (Zip)

Relationship of Reporting Person(s) to Issuer

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

1. Name and Address of Reporting Person^*

FREIDHEIM STEPHEN C

(Last) (First) (Middle)

C/O CYRUS CAPITAL PARTNERS, L.P.

65 EAST 55TH STREET, 35TH FLOOR

(Street)

NEW YORK NY 10022

(City) (State) (Zip)

Relationship of Reporting Person(s) to Issuer

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

1. Name and Address of Reporting Person^*

CYRUS CAPITAL PARTNERS GP, LLC

(Last) (First) (Middle)

65 EAST 55TH STREET, 35TH FLOOR

(Street)

NEW YORK NY 10022

(City) (State) (Zip)

Relationship of Reporting Person(s) to Issuer

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

Explanation of Responses:

1. The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $13.25 to $13.255, inclusive. The Reporting Persons undertake to provide to the Issuer, any security holder of the Issuer, or the staff of the Securities and Exchange Commission (the "SEC"), upon request, full information regarding the number of shares sold at each separate price within the range set forth herein.

2. These securities of the Company are beneficially owned by (i) Cyrus Capital Partners, L.P. ("Cyrus Capital Partners"), as a result of being the investment manager of certain private investment funds that directly hold the securities, including Cyrus 1740 Master Fund, L.P., Canary SC Master Fund, L.P., Cyrus Opportunities Master Fund II, Ltd., Crescent 1, L.P., CRS Master Fund, L.P., Cyrus Select Opportunities Master Fund, Ltd., Cyrus Select Opportunities Master Fund II, L.P., Peterson Capital Investors LLC, and PJ A Capital LLC (the "Cyrus Funds"), (ii) Cyrus Capital Partners GP, L.L.C. ("Cyrus Capital GP"), as a result of being the sole general partner of Cyrus Capital Partners, and (iii) Stephen C. Freidheim, as a result of being the Chief Investment Officer of Cyrus Capital Partners and the sole member and manager of Cyrus Capital GP (collectively, the "Reporting Persons").

3. (Continued from footnote 2) 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.

4. The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $13.25 to $13.4925, inclusive. The Reporting Persons undertake to provide to the Issuer, any security holder of the Issuer, or the staff of the SEC, upon request, full information regarding the number of shares sold at each separate price within the range set forth herein.

5. The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $13.25 to $13.40, inclusive. The Reporting Persons undertake to provide to the Issuer, any security holder of the Issuer, or the staff of the SEC, upon request, full information regarding the number of shares sold at each separate price within the range set forth herein.

	Cyrus Capital Partners, L.P., By: Cyrus Capital Partners GP, L.L.C., its general partner, By: /s/ Stephen C. Freidheim, Stephen C. Freidheim, its Sole Member/Manager	09/11/2025
	Cyrus Capital Partners GP, L.L.C., By: /s/ Stephen C. Freidheim, Stephen C. Freidheim, its Sole Member/Manager	09/11/2025
	/s/ Stephen C. Freidheim	09/11/2025
	** 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.
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FAQ

What insider transactions did Garrett Motion (GTX) report on this Form 4?

The filing reports sales of common stock on 09/09/2025 (23,225 shares at a weighted average $13.2501), 09/10/2025 (239,612 shares at $13.2258), and 09/11/2025 (350,566 shares at $13.2758).

Who filed the Form 4 for GTX and what is their relationship to the company?

The Form 4 was filed by Cyrus Capital Partners, L.P., Cyrus Capital Partners GP, L.L.C., and Stephen C. Freidheim, each identified as a Director and a 10% owner or related to such interests via managed funds.

How many shares does the reporting group beneficially own after the reported sales?

The Form 4 shows beneficial ownership after the reported transactions as 20,009,945 shares following the 09/11/2025 sales.

Are the prices reported exact trade prices for GTX sales?

The filing states the prices are weighted averages from multiple transactions and footnotes provide price ranges; the reporters commit to provide per-trade allocations on request.

Did the Form 4 report any derivative securities or option exercises for GTX?

No. Table II for derivative securities contains no reported transactions or holdings in this Form 4.