Garrett Motion Inc. — Director's Dealing 2023

Jun 14, 2023

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: Garrett Motion Inc. (GTX)
CIK: 0001735707
Period of Report: 2023-06-13

Reporting Person: Sessa Capital GP, LLC (Director)
Reporting Person: Sessa Capital (Master), L.P. (Director)
Reporting Person: Sessa Capital IM, L.P. (Director)
Reporting Person: Sessa Capital IM GP, LLC (Director)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2023-06-13	Common Stock	M	1731896	—	Acquired	25236484	Indirect

Footnotes

F1: Reflects 1,731,896 shares of common stock of the Issuer, which the Reporting Persons (as defined below) expect to receive on or prior to June 20, 2023, pursuant to the amendment and restatement of the certificate of designations for the Issuer's Series A Preferred Stock, as payment of accrued and unpaid dividends on the Series A Preferred Stock through June 30, 2023, plus an additional amount that represents the dividends that would have accrued on the Series A Preferred Stock through September 30, 2023, as disclosed in the Issuer's Current Report on Form 8-K filed with the Securities and Exchange Commission on June 2, 2023. The Issuer announced on June 13, 2023 the conversion of its Series A Preferred Stock on June 12, 2023, resulting in the conversion of the Series A Preferred Stock held by the Reporting Persons.

F2: These securities of the Issuer are beneficially owned by (i) Sessa Capital (Master), L.P. ("Sessa Capital"), as a result of its direct ownership of the securities, (ii) Sessa Capital GP, LLC ("Sessa Capital GP"), as a result of being the sole general partner of Sessa Capital, (iii) Sessa Capital IM, L.P. ("Sessa IM"), as a result of being the investment adviser for Sessa Capital, and (iv) Sessa Capital IM GP, LLC ("Sessa IM GP" and together with Sessa Capital, Sessa Capital GP and Sessa IM, the "Reporting Persons"), as a result of being the sole general partner of Sessa IM. John Petry is the manager of Sessa Capital GP and Sessa IM GP. Each of the Reporting Persons and Mr. Petry disclaim beneficial ownership of any securities reported by any person except to the extent of their pecuniary interest therein.