BAUPOST GROUP LLC/MA sold 14.8% of their position (4.63M shares) of GARRETT MOTION INC. on the open market
Open‑market sale worth $35.70M — a moderate reduction. Review remaining holdings and any 10b5‑1 plan disclosures.
S · 3 sales
Filed: 6/15/2023ACC: 0001140361-23-030150
+46.30M
Net shares
Net buyer
$35.70M
Total sold
3
Open market trades
0B · 3S
5
Total transactions
50.93M acquired · 4.63M disposed
Non-Derivative Transactions4
Common Stock
Indirect
Shares
+25.46M
Price / share
—
Trade value
—
% of position
444.2%
6/13/2023
5.73M→31.20M
Common Stock
Indirect
Shares
−500K
Price / share
$8.00
Trade value
$4M
% of position
1.6%
6/13/2023
31.20M→30.70M
Common Stock
Indirect
Shares
−3.10M
Price / share
$7.73
Trade value
$23.96M
% of position
10.1%
6/14/2023
30.70M→27.60M
Common Stock
Indirect
Shares
−1.02M
Price / share
$7.55
Trade value
$7.74M
% of position
3.7%
6/15/2023
27.60M→26.57M
Total
Net shares
+20.84M
Net value
-$35.70M
| Security | Date | Type | Shares | Price / Share | Trade Value | % of Position | Held Before | Held After |
|---|---|---|---|---|---|---|---|---|
| Common Stock Indirect | 6/13/2023 | C · Conversion | +25.46M | — | — | 444.2% | 5.73M | 31.20M |
| Common Stock Indirect | 6/13/2023 | S · Sale | −500K | $8.00 | $4M | 1.6% | 31.20M | 30.70M |
| Common Stock Indirect | 6/14/2023 | S · Sale | −3.10M | $7.73 | $23.96M | 10.1% | 30.70M | 27.60M |
| Common Stock Indirect | 6/15/2023 | S · Sale | −1.02M | $7.55 | $7.74M | 3.7% | 27.60M | 26.57M |
| Total | +20.84M | -$35.70M | ||||||
Derivative Transactions1
Series A Cumulative Convertible Preferred Stock
Indirect
Converts to
Common Stock
28.12M shares
Shares
+25.46M
Strike price
Held after
0.00
Exercisable
—
6/13/2023
| Security | Converts To | Date | Type | Shares | Strike Price | Exercisable | Held After |
|---|---|---|---|---|---|---|---|
| Series A Cumulative Convertible Preferred Stock Indirect | Common Stock28.12M shares | 6/13/2023 | C · Conversion | +25.46M | — | 0.00 |