Cyrus Capital Trims Garrett Motion Stake; 23.1M Shares Still Held
Rhea-AI Filing Summary
On 7 July 2025, Cyrus Capital Partners, L.P. and affiliated entities—collectively a 10 % beneficial owner of Garrett Motion Inc. (NASDAQ: GTX)—filed a Form 4 reporting an open-market sale of 300,000 common shares. The shares were disposed of at a weighted-average price of $11.1033, with individual trades executed between $11.00 – $11.15.
After the transaction, the group continues to hold 23,133,686 shares indirectly through multiple Cyrus-managed funds, leaving its ownership largely intact; the sale represents roughly 1.3 % of its prior position. No derivative securities were involved and no further transactions were disclosed in the filing. The report was signed on 9 July 2025 by Stephen C. Freidheim, Chief Investment Officer of Cyrus Capital Partners.
While modest relative to the remaining stake, insider sales by large shareholders can be seen by the market as a potential softening of long-term conviction. Conversely, the sizeable residual holding suggests Cyrus Capital maintains a significant strategic interest in Garrett Motion.
Positive
- None.
Negative
- Insider selling: 10 % owner Cyrus Capital sold 300,000 GTX shares (~1.3 % of its stake) at ~$11.10, a move that can create mild negative market sentiment.
Insights
TL;DR – Cyrus trims 1.3 % of GTX stake; minor insider selling pressure
The 300 k-share sale at ~$11.10 generates roughly $3.3 million in proceeds and comes in a narrow price band, implying an opportunistic liquidity move rather than a wholesale exit. Although the absolute volume is limited versus daily trading for GTX, insider sales—even small—often weigh on short-term sentiment and can cap near-term upside. Importantly, the fund still owns 23.1 million shares, so the core thesis appears unaffected. Overall impact: slightly negative, mainly for sentiment.
TL;DR – Transaction is routine, ownership control unchanged
Form 4 complies with Section 16 reporting rules, disclosing timely details and a weighted-average price breakdown. No new governance issues arise; Cyrus Capital remains a >10 % holder, preserving its filing obligations and potential board influence. From a governance standpoint the event is neutral, as control dynamics and reporting transparency remain intact.
Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Sale | Common Stock | 300,000 | $11.1033 | $3.33M |
Footnotes (1)
- The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $11.00 to $11.15, 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, upon request, full information regarding the number of shares sold at each separate price within the range set forth herein. 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"). (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.
