Garrett Motion Insider Trims Less Than 1% of Stake, Files Form 4

Rhea-AI Filing Summary

Garrett Motion Inc. (GTX) – Form 4 insider activity

Cyrus Capital Partners, L.P., a 10-% owner of GTX, reported three open-market sales of common stock:

• 7/28/25: 93,334 shares at a weighted-avg $13.1374
• 7/29/25: 50,000 shares at a weighted-avg $13.0521
• 7/30/25: 32,361 shares at a weighted-avg $13.0273

After these trades the reporting group (Cyrus Capital Partners, its GP and CIO Stephen C. Freidheim) still beneficially owns 22,671,300 shares of GTX, held indirectly through multiple Cyrus-managed funds. The aggregate 175,695 shares sold represent ≈0.8 % of their prior position and were executed within a narrow $13.00–$13.32 price range. No derivative transactions were reported.

The filing signals modest profit-taking rather than a material reduction, but investors often watch any selling by ≥10 % holders for sentiment clues. Ownership remains substantial, suggesting continued strategic interest.

Positive

• Reporting group still holds ~22.7 m shares, indicating ongoing commitment and influence over GTX.
• Timely and transparent Section 16 filing with detailed price ranges demonstrates strong compliance practices.

Negative

• Insider selling by a 10 % owner may be interpreted as a mild negative signal for near-term sentiment.

Insights

Securities Analyst

TL;DR Insider sold ~0.8 % of stake; sentiment mildly negative but position remains large.

The 10 % holder trimmed 175.7 k shares, realising roughly $2.3 m in proceeds. Scale is immaterial versus the 22.7 m-share residual stake and has no direct balance-sheet impact on GTX. Because sales were spread over three days close to prevailing market prices, they appear opportunistic rather than signalling fundamental concerns. I view the effect on valuation as neutral-to-slightly negative; trading volumes should absorb the disposition easily.

Corporate Governance Specialist

TL;DR Routine disclosure; no governance red flags.

All transactions were properly reported under Section 16 within two business days, include weighted-average pricing and an undertaking to furnish trade-level data—good transparency. The reporting persons explicitly disclaim beneficial ownership beyond pecuniary interest, standard language for fund complexes. Continued >10 % ownership preserves their significant voting influence. From a governance view, impact is neutral.

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)
07/28/2025

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	07/28/2025		S		93,334	D	$13.1374(1)	22,753,661	I	See footnotes(2)(3)
Common Stock	07/29/2025		S		50,000	D	$13.0521(4)	22,703,661	I	See footnotes(2)(3)
Common Stock	07/30/2025		S		32,361	D	$13.0273(5)	22,671,300	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 $13.315, 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 $13.17, 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 $13.00 to $13.09, 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	07/30/2025
	Cyrus Capital Partners GP, L.L.C., By: /s/ Stephen C. Freidheim, Stephen C. Freidheim, its Sole Member/Manager	07/30/2025
	/s/ Stephen C. Freidheim	07/30/2025
	** 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

How many GTX shares did Cyrus Capital sell in this Form 4?

The group sold 175,695 common shares over three days.

What is Cyrus Capital Partners' remaining ownership in Garrett Motion (GTX)?

After the reported sales, the group beneficially owns 22,671,300 shares held indirectly through various funds.

At what price were the GTX shares sold?

Weighted-average prices ranged from $13.0273 to $13.1374, with individual trades inside the $13.00–$13.32 band.

Does the filing include any derivative transactions?

No. Table II is blank; only open-market sales of common stock were disclosed.

Is this insider sale by Cyrus Capital considered significant?

The sale represents ≈0.8 % of their holdings, so it is modest and unlikely to affect control.