Garrett Motion (GTX) Insider Sales: Cyrus Funds Reduce Stake to 22.43M Shares

Rhea-AI Filing Summary

Garrett Motion Inc. (GTX) insiders affiliated with Cyrus Capital Partners reported sales of Company common stock in mid-August 2025. On 08/15/2025 the group sold 876 shares at a weighted average price of $13.0057 and on 08/18/2025 sold 150,629 shares at a weighted average price of $13.0097. After those dispositions the Reporting Persons beneficially owned 22,428,348 shares, held indirectly through various Cyrus funds and entities. Footnotes disclose the sales occurred in multiple transactions within stated price ranges.

Positive

• Reporting compliance: Form 4 discloses transaction dates, quantities, weighted-average prices, footnotes, and signatures, meeting SEC disclosure requirements.
• Substantial retained stake: After the sales the Reporting Persons continue to beneficially own 22,428,348 shares, indicating continued material ownership.

Negative

• Insider selling: Aggregate sales of 151,505 shares on 08/15/2025 and 08/18/2025 at weighted average prices near $13.01 reduced the reported position.

Insights

Financial Analyst

TL;DR: Large indirect holder reduced stake by ~151,505 shares for proceeds around $1.97 million, leaving a substantial 22.4M-share position.

The filings show Cyrus-affiliated reporting persons executed aggregate sales of 151,505 common shares in two sets of transactions on 08/15/2025 and 08/18/2025 at weighted average prices near $13.01 per share. The disclosures identify indirect beneficial ownership through multiple Cyrus funds and related entities and state the remaining position is 22,428,348 shares. This is a factual disclosure of insider selling activity; no derivatives or additional compensation-related transactions are reported.

Corporate Governance Expert

TL;DR: Compliance appears proper: Form 4 discloses multiple reporting entities, indirect ownership, and weighted-average sale prices.

The Form 4 includes the required identification of reporting persons (Cyrus Capital Partners, GP entities, and Stephen C. Freidheim), relationship to the issuer, transaction dates, quantities, weighted-average prices, and clarifying footnotes. The filing indicates multiple underlying fund holders and disclaims beneficial ownership beyond pecuniary interest. Signatures are provided by the appropriate parties, meeting Form 4 formal requirements.

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)
08/15/2025

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	08/15/2025		S		876	D	$13.0057(1)	22,578,977	I	See footnotes(2)(3)
Common Stock	08/18/2025		S		150,629	D	$13.0097(4)	22,428,348	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^*

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 $13.00 to $13.03, 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 $13.00 to $13.105, 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	08/19/2025
	Cyrus Capital Partners GP, L.L.C., By: /s/ Stephen C. Freidheim, Stephen C. Freidheim, its Sole Member/Manager	08/19/2025
	/s/ Stephen C. Freidheim	08/19/2025
	** 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 insider transactions did GTX report in this Form 4?

The Form 4 reports sales of common stock: 876 shares on 08/15/2025 at a weighted average price of $13.0057 and 150,629 shares on 08/18/2025 at a weighted average price of $13.0097.

How many GTX shares do the reporting persons beneficially own after the transactions?

Following the reported transactions the Reporting Persons beneficially own 22,428,348 shares, held indirectly through Cyrus-affiliated funds and entities.

Who are the reporting persons on the GTX Form 4?

The reporting persons are Cyrus Capital Partners, L.P., Cyrus Capital Partners GP, L.L.C., and Stephen C. Freidheim, identified as director and 10% owner relationships.

Do the footnotes provide details about the sales prices?

Yes. Footnotes state the reported prices are weighted averages and that the shares were sold in multiple transactions at prices within specified ranges.

Are these transactions direct or indirect holdings for GTX?

The filings indicate the shares are held indirectly by the reporting persons through various Cyrus funds and entities.