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  4. [Form 4] Garrett Motion Inc. Insider Trading Activity

Insider Sale: 500,000 GTX Shares Disposed by Cyrus Capital at ~$13.28

Filing Impact
(Very High)
Filing Sentiment
(Very Negative)
Form Type
4

Rhea-AI Filing Summary

Cyrus Capital Partners and related reporting persons disclosed the sale of 500,000 shares of Garrett Motion Inc. (GTX) common stock on 08/22/2025 at a weighted average price of $13.2816. After the transactions, the group beneficially owned 20,623,348 shares on an indirect basis. The filing states the sale occurred in multiple transactions at prices ranging from $13.25 to $13.40 and that the reporting persons will provide details of the per-price breakdown upon request. The reporting parties are Cyrus Capital Partners, L.P., Cyrus Capital Partners GP, L.L.C., and Stephen C. Freidheim, each identified as a director and 10% owner; they disclaim beneficial ownership except to the extent of any pecuniary interest.

Positive

  • Timely and detailed disclosure of the sale date, weighted average price, and price range for the transactions
  • Reporting persons retained a substantial indirect stake of 20,623,348 shares after the sale
  • Offer to provide transaction-level details on request increases transparency

Negative

  • Insider sale of 500,000 shares could be perceived negatively by some investors
  • Form 4 shows a sale by a director and 10% owner, which may prompt investor questions about insider sentiment

Insights

TL;DR: Insider group sold 500,000 GTX shares, retaining a large indirect stake of 20.6M shares; transaction appears routine and disclosed with pricing range.

The sale represents an orderly disposition of equity by the investment manager and related persons. The weighted average sale price reported is $13.2816 with per-share transactions between $13.25 and $13.40. Relative to the post-transaction indirect stake of 20,623,348 shares, the 500,000-share sale is modest in scale and does not by itself indicate a material change in ownership or control. The filing includes standard disclaimers of beneficial ownership except for pecuniary interest and offers to provide transaction-level detail on request.

TL;DR: The filing is a compliant, timely disclosure of insider sales by a director and 10% owner group; governance disclosure appears proper.

The Form 4 names Cyrus Capital entities and Stephen C. Freidheim and clearly lists their roles as director and 10% owner. The document discloses the number of shares sold, the weighted average price, the per-transaction price range, and the remaining indirect holdings. The inclusion of a willingness to provide the breakdown by price enhances transparency. No amendments or additional governance actions are disclosed in this filing.

Insider CYRUS CAPITAL PARTNERS, L.P., CYRUS CAPITAL PARTNERS GP, LLC, FREIDHEIM STEPHEN C
Role 10% Owner | 10% Owner | 10% Owner
Sold 500,000 shs ($6.64M)
Type Security Shares Price Value
Sale Common Stock 500,000 $13.2816 $6.64M
Holdings After Transaction: Common Stock — 20,623,348 shares (Indirect, See footnotes)
Footnotes (1)
  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 $13.40, 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.
Form 4 Insider Transactions: What Each Field Means →
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
Estimated average burden
hours per response: 0.5
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)
08/22/2025
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 08/22/2025 S 500,000 D $13.2816(1) 20,623,348 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*
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)
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)
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 $13.40, 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.
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.
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 08/26/2025
Cyrus Capital Partners GP, L.L.C., By: /s/ Stephen C. Freidheim, Stephen C. Freidheim, its Sole Member/Manager 08/26/2025
/s/ Stephen C. Freidheim 08/26/2025
** 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.

Source: View Original Filing on SEC EDGAR

FAQ

What did Cyrus Capital Partners report on Form 4 for GTX?

The Form 4 reports the sale of 500,000 Garrett Motion Inc. (GTX) common shares on 08/22/2025 at a weighted average price of $13.2816.

How many GTX shares do the reporting persons own after the sale?

They report beneficial ownership of 20,623,348 shares on an indirect basis following the transactions.

What price range were the GTX shares sold at?

The shares were sold in multiple transactions at prices ranging from $13.25 to $13.40, per the footnote.

Who are the reporting persons on this Form 4 for GTX?

Cyrus Capital Partners, L.P., Cyrus Capital Partners GP, L.L.C., and Stephen C. Freidheim are listed; each is identified as a director and 10% owner.

Does the filing claim full beneficial ownership of the reported shares?

No. The reporting persons disclaim beneficial ownership except to the extent of any pecuniary interest, as stated in the footnotes.