SCHEDULE 13G 0000934389 XXXXXXXX LIVE Common Stock, $0.10 par value 12/31/2025 0001899883 FTAI INFRASTRUCTURE INC. 35953C106 1345 Avenue of the Americas 45th Floor New York NY 10105 Rule 13d-1(c) Steven D. Lebowitz b X1 255000 5926501 255000 6428501 6683501 N 5.75 IN (1) The number of shares reported as beneficially owned as of December 31, 2025. (2) This number includes shares held by The Lebowitz Family Stock, LLC, a limited liability company of which Steven D. Lebowitz is the sole manager. (3) This number includes shares held by (a) Deborah P. Lebowitz, (b) The Steven & Deborah Lebowitz Foundation (the "Foundation"), a trust over which Steven D. Lebowitz serves as a co-trustee and (c) the Lebowitz Family Trust - 1986, dated October 7, 1986, as amended (the "LF Trust"), a trust over which Steven D. Lebowitz serves as a co-trustee, (d) Kora Miri Silverberg 2021 Irrevocable Trust, and (e) Isla Silverberg 2020 Irrevocable Trust. (4) This number includes shares held by (a) Lauren Lebowitz Salem, (b) Robert Lebowitz, (c) Kathryn Lebowitz Silverberg, (d) the A&A Lebowitz Trust (the "AA Trust"), (e) Susan Pearlstein, and (f) and Clinton Paul. (5) Based on 116,294,461 shares of common stock of FTAI Infrastructure Inc. (the "Issuer") outstanding as of December 31, 2025, as reported in the Issuer's Quarterly Report on Form 10-Q for the quarterly period ended September 30, 2025 filed with the U.S. Securities and Exchange Commission on October 31, 2025. Deborah P. Lebowitz b X1 0 5839001 0 5839001 5839001 N 5.02 IN (1) The number of shares reported as beneficially owned as of December 31, 2025. (2) This number includes shares held by (a) the Foundation, a trust over which Deborah P. Lebowitz serves as a co-trustee, (b) the LF Trust, a trust over which Deborah P. Lebowitz serves as a co-trustee, (c) Kora Miri Silverberg 2021 Irrevocable Trust, and (d) Isla Silverberg 2020 Irrevocable Trust. (3) Based on 116,294,461 shares of common stock of the Issuer outstanding as of December 31, 2025, as reported in the Issuer's Quarterly Report on Form 10-Q for the quarterly period ended September 30, 2025 filed with the U.S. Securities and Exchange Commission on October 31, 2025. Lauren Lebowitz Salem b X1 60000 0 0 60000 60000 N 0.05 IN (1) The number of shares reported as beneficially owned as of December 31, 2025. (2) Based on 116,294,461 shares of common stock of the Issuer outstanding as of December 31, 2025, as reported in the Issuer's Quarterly Report on Form 10-Q for the quarterly period ended September 30, 2025 filed with the U.S. Securities and Exchange Commission on October 31, 2025. Robert Lebowitz b X1 2000 0 0 2000 2000 N 0.00 IN (1) The number of shares reported as beneficially owned as of December 31, 2025. (2) Based on 116,294,461 shares of common stock of the Issuer outstanding as of December 31, 2025, as reported in the Issuer's Quarterly Report on Form 10-Q for the quarterly period ended September 30, 2025 filed with the U.S. Securities and Exchange Commission on October 31, 2025. Kathryn Lebowitz Silverberg b X1 142500 0 0 142500 142500 N 0.12 IN (1) The number of shares reported as beneficially owned as of December 31, 2025. (2) Based on 116,294,461 shares of common stock of the Issuer outstanding as of December 31, 2025, as reported in the Issuer's Quarterly Report on Form 10-Q for the quarterly period ended September 30, 2025 filed with the U.S. Securities and Exchange Commission on October 31, 2025. Andrew Lebowitz b X1 0 290000 0 290000 290000 N 0.25 IN (1) The number of shares reported as beneficially owned as of December 31, 2025. (2) This number includes shares held by the AA Trust, a trust over which Andrew Lebowitz serves as a co-trustee. (3) Based on 116,294,461 shares of common stock of the Issuer outstanding as of December 31, 2025, as reported in the Issuer's Quarterly Report on Form 10-Q for the quarterly period ended September 30, 2025 filed with the U.S. Securities and Exchange Commission on October 31, 2025. Ashley Lebowitz b X1 0 290000 0 290000 290000 N 0.25 IN (1) The number of shares reported as beneficially owned as of December 31, 2025. (2) This number includes shares held by the AA Trust, a trust over which Ashley Lebowitz serves as a co-trustee. (3) Based on 116,294,461 shares of common stock of the Issuer outstanding as of December 31, 2025, as reported in the Issuer's Quarterly Report on Form 10-Q for the quarterly period ended September 30, 2025 filed with the U.S. Securities and Exchange Commission on October 31, 2025. The Lebowitz Family Stock, LLC b DE 255000 0 25500 0 255000 N 0.22 OO (1) The number of shares reported as beneficially owned as of December 31, 2025. (2) Based on 116,294,461 shares of common stock of the Issuer outstanding as of December 31, 2025, as reported in the Issuer's Quarterly Report on Form 10-Q for the quarterly period ended September 30, 2025 filed with the U.S. Securities and Exchange Commission on October 31, 2025. Debra Paul b X1 5000 0 0 5000 5000 N 0.00 IN (1) The number of shares reported as beneficially owned as of December 31, 2025. (2) Based on 116,294,461 shares of common stock of the Issuer outstanding as of December 31, 2025, as reported in the Issuer's Quarterly Report on Form 10-Q for the quarterly period ended September 30, 2025 filed with the U.S. Securities and Exchange Commission on October 31, 2025. Susan Pearlstein b X1 2500 0 0 2500 2500 N 0.00 IN (1) The number of shares reported as beneficially owned as of December 31, 2025. (2) Based on 116,294,461 shares of common stock of the Issuer outstanding as of December 31, 2025, as reported in the Issuer's Quarterly Report on Form 10-Q for the quarterly period ended September 30, 2025 filed with the U.S. Securities and Exchange Commission on October 31, 2025. Kora Miri Silverberg b X1 0 17000 0 17000 17000 N 0.01 IN (1) The number of shares reported as beneficially owned as of December 31, 2025. (2) Based on 116,294,461 shares of common stock of the Issuer outstanding as of December 31, 2025, as reported in the Issuer's Quarterly Report on Form 10-Q for the quarterly period ended September 30, 2025 filed with the U.S. Securities and Exchange Commission on October 31, 2025. Isla Silverberg b X1 0 17000 0 17000 17000 N 0.01 IN (1) The number of shares reported as beneficially owned as of December 31, 2025. (2) Based on 116,294,461 shares of common stock of the Issuer outstanding as of December 31, 2025, as reported in the Issuer's Quarterly Report on Form 10-Q for the quarterly period ended September 30, 2025 filed with the U.S. Securities and Exchange Commission on October 31, 2025. FTAI INFRASTRUCTURE INC. 1345 Avenue of the Americas, 45th Floor New York, NY 10105 Steven D. Lebowitz, Deborah P. Lebowitz, Lauren Lebowitz Salem, Robert Lebowitz, Kathryn Lebowitz Silverberg, Andrew Lebowitz, Ashley Lebowitz, The Lebowitz Family Stock, LLC, Kora Miri Silverberg, Isla Silverberg, Susan Pearlstein and Clinton Paul (collectively, the "Reporting Persons"). The Reporting Persons have entered into a Joint Filing Agreement, which is attached hereto as Exhibit 99.1, pursuant to which the Reporting Persons have agreed to file this statement and any subsequent amendments hereto jointly in accordance with the provisions of Rule 13d-1(k)(1) under the Act. 1333 Second Street, Suite 650 Santa Monica, CA 90401 See responses to Item 4 on each cover page. Y See responses to Item 9 on each cover page. See responses to Item 11 on each cover page. See responses to Item 5 on each cover page. See responses to Item 6 on each cover page. See responses to Item 7 on each cover page. See responses to Item 8 on each cover page. Y Y Y N Please see attached the statement in Exhibit 99.2. Y N By signing below I certify that, to the best of my knowledge and belief, the securities referred to above were not acquired and are not held for the purpose of or with the effect of changing or influencing the control of the issuer of the securities and were not acquired and are not held in connection with or as a participant in any transaction having that purpose or effect, other than activities solely in connection with a nomination under ?? 240.14a-11. Exhibit 99.1 Joint Filing Agreement Exhibit 99.2 Item 8 Statement Exhibit 99.3 Power of Attorney Steven D. Lebowitz /s/ Andrew Collins,Attorney in Fact 02/12/2026 Deborah P. Lebowitz /s/ Andrew Collins,Attorney in Fact 02/12/2026 Lauren Lebowitz Salem /s/ Andrew Collins,Attorney in Fact 02/12/2026 Robert Lebowitz /s/ Andrew Collins,Attorney in Fact 02/12/2026 Kathryn Lebowitz Silverberg /s/ Andrew Collins,Attorney in Fact 02/12/2026 Andrew Lebowitz /s/ Andrew Collins,Attorney in Fact 02/12/2026 Ashley Lebowitz /s/ Andrew Collins,Attorney in Fact 02/12/2026 The Lebowitz Family Stock, LLC /s/ Andrew Collins,Attorney in Fact 02/12/2026 Debra Paul /s/ Andrew Collins,Attorney in Fact 02/12/2026 Susan Pearlstein /s/ Andrew Collins,Attorney in Fact 02/12/2026 Kora Miri Silverberg /s/ Andrew Collins,Attorney in Fact 02/12/2026 Isla Silverberg /s/ Andrew Collins,Attorney in Fact 02/12/2026