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SEC FORM 4 SEC Form 4

FORM 4

UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934
or Section 30(h) of the Investment Company Act of 1940

OMB APPROVAL

OMB Number:			3235-0287
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Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).

1. Name and Address of Reporting Person^*

FIG Buyer GP, LLC

(Last)

(First)

(Middle)

1345 AVENUE OF THE AMERICAS, 46TH FLOOR

(Street)

NEW YORK

10105

(City)

(State)

(Zip)

2. Issuer Name and Ticker or Trading Symbol
FTAI Infrastructure Inc. [ FIP ]

5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)

	Director		10% Owner
	Officer (give title below)		Other (specify below)

3. Date of Earliest Transaction (Month/Day/Year)
08/09/2024

4. If Amendment, Date of Original Filed (Month/Day/Year)

6. Individual or Joint/Group Filing (Check Applicable Line)

	Form filed by One Reporting Person
	Form filed by More than One Reporting Person

Rule 10b5-1(c) Transaction Indication

Check this box to indicate that a transaction was made pursuant to a contract, instruction or written plan that is intended to satisfy the affirmative defense conditions of Rule 10b5-1(c). See Instruction 10.

Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1. Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	3. Transaction Code (Instr. 8)		4. Securities Acquired (A) or Disposed Of (D) (Instr. 3, 4 and 5)			5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4)	6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)
1. Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	Code	V	Amount	(A) or (D)	Price		6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)
Common Stock, par value $0.01 per share	08/09/2024		X		560,000	A	$2.28	560,000	I	See Footnotes⁽¹⁾⁽²⁾
Common Stock, par value $0.01 per share	08/09/2024		X		101,074	A	$1.91	661,074	I	See Footnotes⁽¹⁾⁽²⁾
Common Stock, par value $0.01 per share	08/09/2024		X		400,268	A	$1.8	1,061,342	I	See Footnotes⁽¹⁾⁽²⁾
Common Stock, par value $0.01 per share	08/09/2024		X		60,040	A	$1.8	1,121,382	I	See Footnotes⁽¹⁾⁽²⁾
Common Stock, par value $0.01 per share	08/09/2024		X		549,582	A	$2.03	1,670,964	I	See Footnotes⁽¹⁾⁽²⁾
Common Stock, par value $0.01 per share	08/09/2024		X		1,801	A	$1.51	1,672,765	I	See Footnotes⁽¹⁾⁽²⁾
Common Stock, par value $0.01 per share	08/09/2024		X		598	A	$1.5	1,673,363	I	See Footnotes⁽¹⁾⁽²⁾
Common Stock, par value $0.01 per share	08/09/2024		X		567	A	$1.53	1,673,930	I	See Footnotes⁽¹⁾⁽²⁾
Common Stock, par value $0.01 per share	08/09/2024		X		563	A	$1.53	1,674,493	I	See Footnotes⁽¹⁾⁽²⁾
Common Stock, par value $0.01 per share	08/09/2024		X		550	A	$1.58	1,675,043	I	See Footnotes⁽¹⁾⁽²⁾
Common Stock, par value $0.01 per share	08/09/2024		X		7,604	A	$1.77	1,682,647	I	See Footnotes⁽¹⁾⁽²⁾
Common Stock, par value $0.01 per share	08/09/2024		X		543	A	$1.74	1,683,190	I	See Footnotes⁽¹⁾⁽²⁾
Common Stock, par value $0.01 per share	08/09/2024		X		1,585	A	$1.78	1,684,775	I	See Footnotes⁽¹⁾⁽²⁾
Common Stock, par value $0.01 per share	08/09/2024		X		508	A	$1.82	1,685,283	I	See Footnotes⁽¹⁾⁽²⁾
Common Stock, par value $0.01 per share	08/09/2024		X		1,563	A	$1.79	1,686,846	I	See Footnotes⁽¹⁾⁽²⁾
Common Stock, par value $0.01 per share	08/09/2024		X		2,067	A	$1.8	1,688,913	I	See Footnotes⁽¹⁾⁽²⁾
Common Stock, par value $0.01 per share	08/09/2024		X		1,983	A	$1.9	1,690,896	I	See Footnotes⁽¹⁾⁽²⁾
Common Stock, par value $0.01 per share	08/09/2024		X		5,563	A	$2.04	1,696,459	I	See Footnotes⁽¹⁾⁽²⁾
Common Stock, par value $0.01 per share	08/09/2024		X		6,959	A	$2.05	1,703,418	I	See Footnotes⁽¹⁾⁽²⁾
Common Stock, par value $0.01 per share	08/09/2024		X		6,530	A	$2.05	1,709,948	I	See Footnotes⁽¹⁾⁽²⁾
Common Stock, par value $0.01 per share	08/09/2024		X		2,863	A	$2.06	1,712,811	I	See Footnotes⁽¹⁾⁽²⁾
Common Stock, par value $0.01 per share	08/09/2024		X		1,427	A	$2.07	1,714,238	I	See Footnotes⁽¹⁾⁽²⁾
Common Stock, par value $0.01 per share	08/09/2024		X		2,386	A	$2.06	1,716,624	I	See Footnotes⁽¹⁾⁽²⁾
Common Stock, par value $0.01 per share	08/09/2024		X		1,410	A	$2.1	1,718,034	I	See Footnotes⁽¹⁾⁽²⁾
Common Stock, par value $0.01 per share	08/09/2024		X		2,911	A	$2.03	1,720,945	I	See Footnotes⁽¹⁾⁽²⁾
Common Stock, par value $0.01 per share	08/09/2024		X		2,950	A	$2.02	1,723,895	I	See Footnotes⁽¹⁾⁽²⁾
Common Stock, par value $0.01 per share	08/09/2024		X		1,463	A	$2.03	1,725,358	I	See Footnotes⁽¹⁾⁽²⁾
Common Stock, par value $0.01 per share	08/09/2024		X		940	A	$2.01	1,726,298	I	See Footnotes⁽¹⁾⁽²⁾
Common Stock, par value $0.01 per share	08/09/2024		X		1,840	A	$2.05	1,728,138	I	See Footnotes⁽¹⁾⁽²⁾
Common Stock, par value $0.01 per share	08/09/2024		X		7,528	A	$2.01	1,735,666	I	See Footnotes⁽¹⁾⁽²⁾

Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 3)	2. Conversion or Exercise Price of Derivative Security	3. Transaction Date (Month/Day/Year)	3A. Deemed Execution Date, if any (Month/Day/Year)	4. Transaction Code (Instr. 8)		5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5)		6. Date Exercisable and Expiration Date (Month/Day/Year)		7. Title and Amount of Securities Underlying Derivative Security (Instr. 3 and 4)		8. Price of Derivative Security (Instr. 5)	9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4)	10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)
1. Title of Derivative Security (Instr. 3)	2. Conversion or Exercise Price of Derivative Security	3. Transaction Date (Month/Day/Year)	3A. Deemed Execution Date, if any (Month/Day/Year)	Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares	8. Price of Derivative Security (Instr. 5)		10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)
Stock Option (right to buy)	$2.28	08/09/2024		X			560,000	⁽³⁾	01/16/2028	Common Stock, par value $0.01 per share	560,000	$0	0	I	See Footnotes⁽¹⁾⁽²⁾
Stock Option (right to buy)	$1.91	08/09/2024		X			101,074	⁽³⁾	12/06/2028	Common Stock, par value $0.01 per share	101,074	$0	0	I	See Footnotes⁽¹⁾⁽²⁾
Stock Option (right to buy)	$1.8	08/09/2024		X			400,268	⁽³⁾	09/12/2029	Common Stock, par value $0.01 per share	400,268	$0	0	I	See Footnotes⁽¹⁾⁽²⁾
Stock Option (right to buy)	$1.8	08/09/2024		X			60,040	⁽³⁾	09/12/2029	Common Stock, par value $0.01 per share	60,040	$0	0	I	See Footnotes⁽¹⁾⁽²⁾
Stock Option (right to buy)	$2.03	08/09/2024		X			549,582	⁽³⁾	11/22/2029	Common Stock, par value $0.01 per share	549,582	$0	0	I	See Footnotes⁽¹⁾⁽²⁾
Stock Option (right to buy)	$1.51	08/09/2024		X			1,801	⁽³⁾	07/06/2030	Common Stock, par value $0.01 per share	1,801	$0	0	I	See Footnotes⁽¹⁾⁽²⁾
Stock Option (right to buy)	$1.5	08/09/2024		X			598	⁽³⁾	07/07/2030	Common Stock, par value $0.01 per share	598	$0	0	I	See Footnotes⁽¹⁾⁽²⁾
Stock Option (right to buy)	$1.53	08/09/2024		X			567	⁽³⁾	07/08/2030	Common Stock, par value $0.01 per share	567	$0	0	I	See Footnotes⁽¹⁾⁽²⁾
Stock Option (right to buy)	$1.53	08/09/2024		X			563	⁽³⁾	07/13/2030	Common Stock, par value $0.01 per share	563	$0	0	I	See Footnotes⁽¹⁾⁽²⁾
Stock Option (right to buy)	$1.58	08/09/2024		X			550	⁽³⁾	07/14/2030	Common Stock, par value $0.01 per share	550	$0	0	I	See Footnotes⁽¹⁾⁽²⁾
Stock Option (right to buy)	$1.77	08/09/2024		X			7,604	⁽³⁾	07/29/2030	Common Stock, par value $0.01 per share	7,604	$0	0	I	See Footnotes⁽¹⁾⁽²⁾
Stock Option (right to buy)	$1.74	08/09/2024		X			543	⁽³⁾	07/30/2030	Common Stock, par value $0.01 per share	543	$0	0	I	See Footnotes⁽¹⁾⁽²⁾
Stock Option (right to buy)	$1.78	08/09/2024		X			1,585	⁽³⁾	07/31/2030	Common Stock, par value $0.01 per share	1,585	$0	0	I	See Footnotes⁽¹⁾⁽²⁾
Stock Option (right to buy)	$1.82	08/09/2024		X			508	⁽³⁾	08/04/2030	Common Stock, par value $0.01 per share	508	$0	0	I	See Footnotes⁽¹⁾⁽²⁾
Stock Option (right to buy)	$1.79	08/09/2024		X			1,563	⁽³⁾	08/05/2030	Common Stock, par value $0.01 per share	1,563	$0	0	I	See Footnotes⁽¹⁾⁽²⁾
Stock Option (right to buy)	$1.8	08/09/2024		X			2,067	⁽³⁾	08/06/2030	Common Stock, par value $0.01 per share	2,067	$0	0	I	See Footnotes⁽¹⁾⁽²⁾
Stock Option (right to buy)	$1.9	08/09/2024		X			1,983	⁽³⁾	08/07/2030	Common Stock, par value $0.01 per share	1,983	$0	0	I	See Footnotes⁽¹⁾⁽²⁾
Stock Option (right to buy)	$2.04	08/09/2024		X			5,563	⁽³⁾	08/10/2030	Common Stock, par value $0.01 per share	5,563	$0	0	I	See Footnotes⁽¹⁾⁽²⁾
Stock Option (right to buy)	$2.05	08/09/2024		X			6,959	⁽³⁾	08/11/2030	Common Stock, par value $0.01 per share	6,959	$0	0	I	See Footnotes⁽¹⁾⁽²⁾
Stock Option (right to buy)	$2.05	08/09/2024		X			6,530	⁽³⁾	08/12/2030	Common Stock, par value $0.01 per share	6,530	$0	0	I	See Footnotes⁽¹⁾⁽²⁾
Stock Option (right to buy)	$2.06	08/09/2024		X			2,863	⁽³⁾	08/13/2030	Common Stock, par value $0.01 per share	2,863	$0	0	I	See Footnotes⁽¹⁾⁽²⁾
Stock Option (right to buy)	$2.07	08/09/2024		X			1,427	⁽³⁾	08/14/2030	Common Stock, par value $0.01 per share	1,427	$0	0	I	See Footnotes⁽¹⁾⁽²⁾
Stock Option (right to buy)	$2.06	08/09/2024		X			2,386	⁽³⁾	08/17/2030	Common Stock, par value $0.01 per share	2,386	$0	0	I	See Footnotes⁽¹⁾⁽²⁾
Stock Option (right to buy)	$2.1	08/09/2024		X			1,410	⁽³⁾	08/18/2030	Common Stock, par value $0.01 per share	1,410	$0	0	I	See Footnotes⁽¹⁾⁽²⁾
Stock Option (right to buy)	$2.03	08/09/2024		X			2,911	⁽³⁾	08/19/2030	Common Stock, par value $0.01 per share	2,911	$0	0	I	See Footnotes⁽¹⁾⁽²⁾
Stock Option (right to buy)	$2.02	08/09/2024		X			2,950	⁽³⁾	08/20/2030	Common Stock, par value $0.01 per share	2,950	$0	0	I	See Footnotes⁽¹⁾⁽²⁾
Stock Option (right to buy)	$2.03	08/09/2024		X			1,463	⁽³⁾	08/21/2030	Common Stock, par value $0.01 per share	1,463	$0	0	I	See Footnotes⁽¹⁾⁽²⁾
Stock Option (right to buy)	$2.01	08/09/2024		X			940	⁽³⁾	08/25/2030	Common Stock, par value $0.01 per share	940	$0	0	I	See Footnotes⁽¹⁾⁽²⁾
Stock Option (right to buy)	$2.05	08/09/2024		X			1,840	⁽³⁾	08/26/2030	Common Stock, par value $0.01 per share	1,840	$0	0	I	See Footnotes⁽¹⁾⁽²⁾
Stock Option (right to buy)	$2.01	08/09/2024		X			7,528	⁽³⁾	08/27/2030	Common Stock, par value $0.01 per share	7,528	$0	0	I	See Footnotes⁽¹⁾⁽²⁾

1. Name and Address of Reporting Person^*

FIG Buyer GP, LLC

(Last)

(First)

(Middle)

1345 AVENUE OF THE AMERICAS, 46TH FLOOR

(Street)

NEW YORK

10105

(City)

(State)

(Zip)

1. Name and Address of Reporting Person^*

Fortress Investment Group LLC

(Last)

(First)

(Middle)

1345 AVENUE OF THE AMERICAS, 46TH FLOOR

(Street)

NEW YORK

10105

(City)

(State)

(Zip)

1. Name and Address of Reporting Person^*

FIG Blue LLC

(Last)

(First)

(Middle)

1345 AVENUE OF THE AMERICAS, 46TH FLOOR

(Street)

NEW YORK

10105

(City)

(State)

(Zip)

1. Name and Address of Reporting Person^*

Fortress Operating Entity I LP

(Last)

(First)

(Middle)

1345 AVENUE OF THE AMERICAS, 46TH FLOOR

(Street)

NEW YORK

10105

(City)

(State)

(Zip)

1. Name and Address of Reporting Person^*

FIG LLC

(Last)

(First)

(Middle)

1345 AVENUE OF THE AMERICAS, 46TH FLOOR

(Street)

NEW YORK

10105

(City)

(State)

(Zip)

1. Name and Address of Reporting Person^*

Foundation Holdco LP

(Last)

(First)

(Middle)

1345 AVENUE OF THE AMERICAS, 46TH FLOOR

(Street)

NEW YORK

10105

(City)

(State)

(Zip)

1. Name and Address of Reporting Person^*

FIG Parent, LLC

(Last)

(First)

(Middle)

1345 AVENUE OF THE AMERICAS, 46TH FLOOR

(Street)

NEW YORK

10105

(City)

(State)

(Zip)

1. Name and Address of Reporting Person^*

FINCO I LLC

(Last)

(First)

(Middle)

1345 AVENUE OF THE AMERICAS, 46TH FLOOR

(Street)

NEW YORK

10105

(City)

(State)

(Zip)

1. Name and Address of Reporting Person^*

FINCO I Intermediate Holdco LLC

(Last)

(First)

(Middle)

1345 AVENUE OF THE AMERICAS, 46TH FLOOR

(Street)

NEW YORK

10105

(City)

(State)

(Zip)

Explanation of Responses:

1. Reflects securities held directly by FIG LLC, a Delaware limited liability company ("FIG"). Fortress Operating Entity I LP, a Delaware limited partnership ("FOE I"), is the owner of all of the issued and outstanding interests of FIG. FIG Blue LLC, a Delaware limited liability company ("FIG Blue"), is the general partner of FOE I. FIG Blue is wholly-owned by Fortress Investment Group LLC, a Delaware limited liability company ("Fortress Investment Group"). FINCO I Intermediate Holdco LLC, a Delaware limited liability company ("FINCO I IH"), is the sole member of Fortress Investment Group. FINCO I LLC, a Delaware limited liability company, is the sole member of FINCO I IH. FIG Parent, LLC, a Delaware limited liability company ("FIG Parent"), is the sole member of FINCO I LLC. Foundation Holdco LP, a Delaware limited partnership ("Foundation Holdco"), is the sole member of FIG Parent. FIG Buyer GP, LLC, a Delaware limited liability company is the general partner of Foundation Holdco.

2. Each reporting person disclaims beneficial ownership of all reported securities except to the extent of its pecuniary interest therein and the inclusion of the securities in this report shall not be deemed to be an admission of beneficial ownership of the reported securities for the purposes of Section 16 or otherwise.

3. These options are fully vested and exercisable.

Remarks:

Due to the limitation on the number of transactions that can be reported on a single Form 4, this Form 4 is the first of two being filed by the reporting persons on the date hereof.

	FIG BUYER GP, LLC, By: /s/ David N. Brooks, its Secretary	08/13/2024
	FORTRESS INVESTMENT GROUP LLC, By: /s/ David N. Brooks, its Secretary	08/13/2024
	FIG Blue LLC, By: /s/ David N. Brooks, its Secretary	08/13/2024
	FORTRESS OPERATING ENTITY I LP, By: FIG Blue LLC, its general partner, By: /s/ David N. Brooks, its Secretary	08/13/2024
	FIG LLC, By: /s/ David N. Brooks, its Secretary	08/13/2024
	FOUNDATION HOLDCO LP, By: FIG Buyer GP, LLC, its general partner, By: /s/ David N. Brooks, its Secretary	08/13/2024
	FIG PARENT, LLC, By: /s/ David N. Brooks, its Secretary	08/13/2024
	FINCO I LLC, By: /s/ David N. Brooks, its Secretary	08/13/2024
	FINCO I INTERMEDIATE HOLDCO LLC, By: /s/ David N. Brooks, its Secretary	08/13/2024
	** Signature of Reporting Person	Date
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* If the form is filed by more than one reporting person, see Instruction 4 (b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
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