Oaktree Capital Group Reduces Stake in Garrett Motion Inc. Below 5% Threshold

On May 22, 2026, Oaktree Capital Group Holdings GP, LLC and its affiliated reporting persons filed Amendment No. 13 to their Schedule 13D for Garrett Motion Inc. (GTX). The filing reveals that on May 21, 2026, the reporting entities sold an aggregate of 7,000,000 shares of common stock in open market transactions at a price of $32.00 per share. Following this significant divestment, the group's collective beneficial ownership decreased to 7,594,816 shares, representing approximately 4.06% of the company's outstanding common stock. This reduction is notable as it brings the reporting persons' stake below the 5% threshold, officially triggering an exit filing. The remaining shares are distributed across several entities, with OCM Opps GTM Holdings, LLC holding the largest portion at 2.81%. Oaktree Capital Holdings, LLC and Oaktree Capital Group Holdings GP, LLC maintain indirect beneficial ownership of the total remaining shares. This amendment concludes the reporting persons' status as beneficial owners of more than five percent of Garrett Motion Inc. common stock.