Cyrus Capital Partners, L.P. - Sep 14, 2023 Form 4 Insider Report for OVERSEAS SHIPHOLDING GROUP INC (OSG)

Role: 10%+ Owner
Signature: Cyrus Capital Partners, L.P., By: /s/ Jennifer M. Pulick, Name: Jennifer M. Pulick, Title: Authorized Signatory
Stock symbol: OSG
Transactions as of: Sep 14, 2023
Transactions value $: -$11,358,133
Form type: 4
Date filed: 9/18/2023, 04:05 PM
Previous filing: Aug 28, 2023
Next filing: Dec 14, 2023

Derivative Securities (e.g., puts, calls, warrants, options, convertible securities)

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Underlying Class	Amount	Exercise Price	Ownership	Footnotes
transaction	OSG	Warrants	Sale	-$11.4M	-13.9M	-100%	$0.82^*	0	Sep 14, 2023	Class A Common Stock	2.63M	$0.01	See footnote	F1

* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Cyrus Capital Partners, L.P. is no longer subject to Section 16 filing requirements. Form 4 or Form 5 obligations may continue.

Explanation of Responses:

Id	Content
F1	The securities reported herein are held directly by: (i) Cyrus Polaris LLC, (ii) Cyrus Polaris II LLC, (iii) CYR Fund, L.P., (iv) Crescent 1, L.P., (v) Cyrus 1740 Fund, L.P. and (vi) Canary SC Fund, L.P. (collectively, the "Cyrus Funds"). Cyrus Capital Partners, L.P ("CCP") serves as the investment manager to the Cyrus Funds. Cyrus Capital Partners GP, L.L.C. ("CCPGP") serves as the general partner of CCP. Stephen C. Freidheim serves as the principal of both CCP and CCPGP. All discretion over the investment activities of the Cyrus Funds has been delegated to CCP. Each of the Reporting Persons disclaims beneficial ownership of the reported securities except to the extent of its or his pecuniary interest therein, if any.

Content

The securities reported herein are held directly by: (i) Cyrus Polaris LLC, (ii) Cyrus Polaris II LLC, (iii) CYR Fund, L.P., (iv) Crescent 1, L.P., (v) Cyrus 1740 Fund, L.P. and (vi) Canary SC Fund, L.P. (collectively, the "Cyrus Funds"). Cyrus Capital Partners, L.P ("CCP") serves as the investment manager to the Cyrus Funds. Cyrus Capital Partners GP, L.L.C. ("CCPGP") serves as the general partner of CCP. Stephen C. Freidheim serves as the principal of both CCP and CCPGP. All discretion over the investment activities of the Cyrus Funds has been delegated to CCP. Each of the Reporting Persons disclaims beneficial ownership of the reported securities except to the extent of its or his pecuniary interest therein, if any.