GTX Form 4: Cyrus Capital Sells 151,505 Shares at ~$13
Garrett Motion Inc. (GTX) insiders affiliated with Cyrus Capital Partners reported sales of Company common stock in mid-August 2025.
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
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.
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.
Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Sale | Common Stock | 150,629 | $13.0097 | $1.96M |
| Sale | Common Stock | 876 | $13.0057 | $11K |
Footnotes (4)
- F1. 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.
- F2. 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").
- F3. (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.
- F4. 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.
FAQ
What insider transactions did GTX report in this Form 4?
Who are the reporting persons on the GTX Form 4?
Do the footnotes provide details about the sales prices?
Are these transactions direct or indirect holdings for GTX?
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