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
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
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.
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.
Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Sale | Common Stock | 32,361 | $13.0273 | $422K |
| Sale | Common Stock | 50,000 | $13.0521 | $653K |
| Sale | Common Stock | 93,334 | $13.1374 | $1.23M |
Footnotes (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. 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. 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. 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.
