Centerbridge Special Credit Partners III-Flex, L.P. - Dec 13, 2024 Form 4 Insider Report for Garrett Motion Inc. (GTX)

Role
10%+ Owner
Signature
CENTERBRIDGE SPECIAL CREDIT PARTNERS III-FLEX, L.P. By: CSCP III Cayman GP Ltd., its general partner, by /s/ Susanne V. Clark
Stock symbol
GTX
Transactions as of
Dec 13, 2024
Transactions value $
-$24,999,993
Form type
4
Date filed
12/17/2024, 04:25 PM
Previous filing
May 20, 2024
Next filing
Feb 27, 2025
SEC
View on sec.gov

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction GTX Common Stock Disposed to Issuer -$17.6M -1.98M -7.38% $8.90 24.8M Dec 13, 2024 See footnotes F1, F2, F3
transaction GTX Common Stock Disposed to Issuer -$7.38M -830K -7.38% $8.90 10.4M Dec 13, 2024 See footnotes F1, F2, F3
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 The transactions being reported were effected pursuant to Block Trade Purchase Agreements entered into by Centerbridge Credit Partners Master, L.P. ("Credit Partners Master") and Centerbridge Special Credit Partners III-Flex, L.P. ("SC III-Flex") on December 13, 2024 with Garrett Motion, Inc. and are exempt transactions pursuant to Rule 16b-3 under the Securities Exchange Act of 1934, as amended.
F2 CSCP III Cayman GP Ltd. ("CSCP III Cayman GP") is the general partner of Centerbridge Special Credit Partners General Partner III, L.P. ("Special Credit III GP"), which is the general partner of SC III-Flex, and may be deemed to share beneficial ownership over the shares of Common Stock held of record by SC III-Flex. As the director of CSCP III Cayman GP, Jeffrey H. Aronson may be deemed to share beneficial ownership with respect to the shares held of record by SC III-Flex. Such persons and entities expressly disclaim beneficial ownership of the shares held of record by SC III-Flex, except to the extent of any proportionate pecuniary interest therein.
F3 Centerbridge Credit GP Investors, L.L.C. ("Credit GP Investors") is the sole director of Centerbridge Credit Cayman GP, Ltd. ("Credit Cayman GP"), which is the general partner of Centerbridge Credit Partners Offshore General Partner, L.P. ("Credit Partners Offshore GP"), which is the general partner of Credit Partners Master, and may be deemed to share beneficial ownership over the shares of Common Stock held of record by Credit Partners Master. As the managing member of Credit GP Investors, Jeffrey H. Aronson may be deemed to share beneficial ownership with respect to the shares held of record by Credit Partners Master. Such persons and entities expressly disclaim beneficial ownership of the shares held of record by Credit Partners Master, except to the extent of any proportionate pecuniary interest therein.