SCHEDULE 13G

CUSIP No.

35953C106

Names of Reporting Persons

Steven D. Lebowitz

Check the appropriate box if a member of a Group (see instructions)

(a)

(b)

Sec Use Only

Citizenship or Place of Organization

UNITED STATES

Number of Shares Beneficially Owned by Each Reporting Person With:

5	Sole Voting Power 255,000.00
6	Shared Voting Power 5,926,501.00
7	Sole Dispositive Power 255,000.00
8	Shared Dispositive Power 6,428,501.00

Aggregate Amount Beneficially Owned by Each Reporting Person

6,683,501.00

Check box if the aggregate amount in row (9) excludes certain shares (See Instructions)

Checkbox not checked

Percent of class represented by amount in row (9)

5.75 %

Type of Reporting Person (See Instructions)

Comment for Type of Reporting Person: (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.

SCHEDULE 13G

CUSIP No.

35953C106

Names of Reporting Persons

Deborah P. Lebowitz

Check the appropriate box if a member of a Group (see instructions)

(a)

(b)

Sec Use Only

Citizenship or Place of Organization

UNITED STATES

Number of Shares Beneficially Owned by Each Reporting Person With:

5	Sole Voting Power 0.00
6	Shared Voting Power 5,839,001.00
7	Sole Dispositive Power 0.00
8	Shared Dispositive Power 5,839,001.00

Aggregate Amount Beneficially Owned by Each Reporting Person

5,839,001.00

Check box if the aggregate amount in row (9) excludes certain shares (See Instructions)

Checkbox not checked

Percent of class represented by amount in row (9)

5.02 %

Type of Reporting Person (See Instructions)

Comment for Type of Reporting Person: (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.

SCHEDULE 13G

CUSIP No.

35953C106

Names of Reporting Persons

Lauren Lebowitz Salem

Check the appropriate box if a member of a Group (see instructions)

(a)

(b)

Sec Use Only

Citizenship or Place of Organization

UNITED STATES

Number of Shares Beneficially Owned by Each Reporting Person With:

5	Sole Voting Power 60,000.00
6	Shared Voting Power 0.00
7	Sole Dispositive Power 0.00
8	Shared Dispositive Power 60,000.00

Aggregate Amount Beneficially Owned by Each Reporting Person

60,000.00

Check box if the aggregate amount in row (9) excludes certain shares (See Instructions)

Checkbox not checked

Percent of class represented by amount in row (9)

0.05 %

Type of Reporting Person (See Instructions)

Comment for Type of Reporting Person: (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.

SCHEDULE 13G

CUSIP No.

35953C106

Names of Reporting Persons

Robert Lebowitz

Check the appropriate box if a member of a Group (see instructions)

(a)

(b)

Sec Use Only

Citizenship or Place of Organization

UNITED STATES

Number of Shares Beneficially Owned by Each Reporting Person With:

5	Sole Voting Power 2,000.00
6	Shared Voting Power 0.00
7	Sole Dispositive Power 0.00
8	Shared Dispositive Power 2,000.00

Aggregate Amount Beneficially Owned by Each Reporting Person

2,000.00

Check box if the aggregate amount in row (9) excludes certain shares (See Instructions)

Checkbox not checked

Percent of class represented by amount in row (9)

0.00 %

Type of Reporting Person (See Instructions)

SCHEDULE 13G

CUSIP No.

35953C106

Names of Reporting Persons

Kathryn Lebowitz Silverberg

Check the appropriate box if a member of a Group (see instructions)

(a)

(b)

Sec Use Only

Citizenship or Place of Organization

UNITED STATES

Number of Shares Beneficially Owned by Each Reporting Person With:

5	Sole Voting Power 142,500.00
6	Shared Voting Power 0.00
7	Sole Dispositive Power 0.00
8	Shared Dispositive Power 142,500.00

Aggregate Amount Beneficially Owned by Each Reporting Person

142,500.00

Check box if the aggregate amount in row (9) excludes certain shares (See Instructions)

Checkbox not checked

Percent of class represented by amount in row (9)

0.12 %

Type of Reporting Person (See Instructions)

SCHEDULE 13G

CUSIP No.

35953C106

Names of Reporting Persons

Andrew Lebowitz

Check the appropriate box if a member of a Group (see instructions)

(a)

(b)

Sec Use Only

Citizenship or Place of Organization

UNITED STATES

Number of Shares Beneficially Owned by Each Reporting Person With:

5	Sole Voting Power 0.00
6	Shared Voting Power 290,000.00
7	Sole Dispositive Power 0.00
8	Shared Dispositive Power 290,000.00

Aggregate Amount Beneficially Owned by Each Reporting Person

290,000.00

Check box if the aggregate amount in row (9) excludes certain shares (See Instructions)

Checkbox not checked

Percent of class represented by amount in row (9)

0.25 %

Type of Reporting Person (See Instructions)

Comment for Type of Reporting Person: (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.

SCHEDULE 13G

CUSIP No.

35953C106

Names of Reporting Persons

Ashley Lebowitz

Check the appropriate box if a member of a Group (see instructions)

(a)

(b)

Sec Use Only

Citizenship or Place of Organization

UNITED STATES

Number of Shares Beneficially Owned by Each Reporting Person With:

5	Sole Voting Power 0.00
6	Shared Voting Power 290,000.00
7	Sole Dispositive Power 0.00
8	Shared Dispositive Power 290,000.00

Aggregate Amount Beneficially Owned by Each Reporting Person

290,000.00

Check box if the aggregate amount in row (9) excludes certain shares (See Instructions)

Checkbox not checked

Percent of class represented by amount in row (9)

0.25 %

Type of Reporting Person (See Instructions)

Comment for Type of Reporting Person: (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.

SCHEDULE 13G

CUSIP No.

35953C106

Names of Reporting Persons

The Lebowitz Family Stock, LLC

Check the appropriate box if a member of a Group (see instructions)

(a)

(b)

Sec Use Only

Citizenship or Place of Organization

DELAWARE

Number of Shares Beneficially Owned by Each Reporting Person With:

5	Sole Voting Power 255,000.00
6	Shared Voting Power 0.00
7	Sole Dispositive Power 25,500.00
8	Shared Dispositive Power 0.00

Aggregate Amount Beneficially Owned by Each Reporting Person

255,000.00

Check box if the aggregate amount in row (9) excludes certain shares (See Instructions)

Checkbox not checked

Percent of class represented by amount in row (9)

0.22 %

Type of Reporting Person (See Instructions)

SCHEDULE 13G

CUSIP No.

35953C106

Names of Reporting Persons

Debra Paul

Check the appropriate box if a member of a Group (see instructions)

(a)

(b)

Sec Use Only

Citizenship or Place of Organization

UNITED STATES

Number of Shares Beneficially Owned by Each Reporting Person With:

5	Sole Voting Power 5,000.00
6	Shared Voting Power 0.00
7	Sole Dispositive Power 0.00
8	Shared Dispositive Power 5,000.00

Aggregate Amount Beneficially Owned by Each Reporting Person

5,000.00

Check box if the aggregate amount in row (9) excludes certain shares (See Instructions)

Checkbox not checked

Percent of class represented by amount in row (9)

0.00 %

Type of Reporting Person (See Instructions)

SCHEDULE 13G

CUSIP No.

35953C106

Names of Reporting Persons

Susan Pearlstein

Check the appropriate box if a member of a Group (see instructions)

(a)

(b)

Sec Use Only

Citizenship or Place of Organization

UNITED STATES

Number of Shares Beneficially Owned by Each Reporting Person With:

5	Sole Voting Power 2,500.00
6	Shared Voting Power 0.00
7	Sole Dispositive Power 0.00
8	Shared Dispositive Power 2,500.00

Aggregate Amount Beneficially Owned by Each Reporting Person

2,500.00

Check box if the aggregate amount in row (9) excludes certain shares (See Instructions)

Checkbox not checked

Percent of class represented by amount in row (9)

0.00 %

Type of Reporting Person (See Instructions)

SCHEDULE 13G

CUSIP No.

35953C106

Names of Reporting Persons

Kora Miri Silverberg

Check the appropriate box if a member of a Group (see instructions)

(a)

(b)

Sec Use Only

Citizenship or Place of Organization

UNITED STATES

Number of Shares Beneficially Owned by Each Reporting Person With:

5	Sole Voting Power 0.00
6	Shared Voting Power 17,000.00
7	Sole Dispositive Power 0.00
8	Shared Dispositive Power 17,000.00

Aggregate Amount Beneficially Owned by Each Reporting Person

17,000.00

Check box if the aggregate amount in row (9) excludes certain shares (See Instructions)

Checkbox not checked

Percent of class represented by amount in row (9)

0.01 %

Type of Reporting Person (See Instructions)

SCHEDULE 13G

CUSIP No.

35953C106

Names of Reporting Persons

Isla Silverberg

Check the appropriate box if a member of a Group (see instructions)

(a)

(b)

Sec Use Only

Citizenship or Place of Organization

UNITED STATES

Number of Shares Beneficially Owned by Each Reporting Person With:

5	Sole Voting Power 0.00
6	Shared Voting Power 17,000.00
7	Sole Dispositive Power 0.00
8	Shared Dispositive Power 17,000.00

Aggregate Amount Beneficially Owned by Each Reporting Person

17,000.00

Check box if the aggregate amount in row (9) excludes certain shares (See Instructions)

Checkbox not checked

Percent of class represented by amount in row (9)

0.01 %

Type of Reporting Person (See Instructions)

SCHEDULE 13G

Item 1.

(a)

Name of issuer:

FTAI INFRASTRUCTURE INC.

(b)

Address of issuer's principal executive offices:

1345 Avenue of the Americas, 45th Floor New York, NY 10105

Item 2.

(a)

Name of person filing:

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.

(b)

Address or principal business office or, if none, residence:

1333 Second Street, Suite 650 Santa Monica, CA 90401

(c)

Citizenship:

See responses to Item 4 on each cover page.

(d)

Title of class of securities:

Common Stock, $0.10 par value

(e)

CUSIP No.:

35953C106

Item 3.

If this statement is filed pursuant to §§ 240.13d-1(b) or 240.13d-2(b) or (c), check whether the person filing is a:

(a)

Broker or dealer registered under section 15 of the Act (15 U.S.C. 78o);

(b)

Bank as defined in section 3(a)(6) of the Act (15 U.S.C. 78c);

(c)

Insurance company as defined in section 3(a)(19) of the Act (15 U.S.C. 78c);

(d)

Investment company registered under section 8 of the Investment Company Act of 1940 (15 U.S.C. 80a-8);

(e)

An investment adviser in accordance with § 240.13d-1(b)(1)(ii)(E);

(f)

An employee benefit plan or endowment fund in accordance with § 240.13d-1(b)(1)(ii)(F);

(g)

A parent holding company or control person in accordance with § 240.13d-1(b)(1)(ii)(G);

(h)

A savings associations as defined in Section 3(b) of the Federal Deposit Insurance Act (12 U.S.C. 1813);

(i)

A church plan that is excluded from the definition of an investment company under section 3(c)(14) of the Investment Company Act of 1940 (15 U.S.C. 80a-3);

(j)

A non-U.S. institution in accordance with § 240.13d-1(b)(1)(ii)(J). If filing as a non-U.S. institution in accordance with § 240.13d-1(b)(1)(ii)(J),
please specify the type of institution:

(k)

Group, in accordance with Rule 240.13d-1(b)(1)(ii)(K).

Item 4.

Ownership

(a)

Amount beneficially owned:

See responses to Item 9 on each cover page.

(b)

Percent of class:

See responses to Item 11 on each cover page.

(c)

Number of shares as to which the person has:

(i) Sole power to vote or to direct the vote:

See responses to Item 5 on each cover page.

(ii) Shared power to vote or to direct the vote:

See responses to Item 6 on each cover page.

(iii) Sole power to dispose or to direct the disposition of:

See responses to Item 7 on each cover page.

(iv) Shared power to dispose or to direct the disposition of:

See responses to Item 8 on each cover page.

Item 5.

Ownership of 5 Percent or Less of a Class.

Not Applicable

Item 6.

Ownership of more than 5 Percent on Behalf of Another Person.

Not Applicable

Item 7.

Identification and Classification of the Subsidiary Which Acquired the Security Being Reported on by the Parent Holding Company or Control Person.

Not Applicable

Item 8.

Identification and Classification of Members of the Group.

If a group has filed this schedule pursuant to §240.13d-1(b)(1)(ii)(K), so indicate under Item 3(k) and attach an exhibit stating the identity and Item 3 classification of each member of the group. If a group has filed this schedule pursuant to §240.13d-1(c) or §240.13d-1(d), attach an exhibit stating the identity of each member of the group.

Please see attached the statement in Exhibit 99.2.

Item 9.

Notice of Dissolution of Group.

Not Applicable

Item 10.

Certifications:

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.

SIGNATURE

After reasonable inquiry and to the best of my knowledge and belief, I certify that the information set forth in this statement is true, complete and correct.

Steven D. Lebowitz

Signature:	/s/ Andrew Collins,Attorney in Fact
Name/Title:	By: Andrew Collins, Attorney-In-Fact
Date:	02/12/2026

Deborah P. Lebowitz

Signature:	/s/ Andrew Collins,Attorney in Fact
Name/Title:	Andrew Collins, Attorney-In-Fact
Date:	02/12/2026

Lauren Lebowitz Salem

Signature:	/s/ Andrew Collins,Attorney in Fact
Name/Title:	Andrew Collins, Attorney-In-Fact
Date:	02/12/2026

Robert Lebowitz

Signature:	/s/ Andrew Collins,Attorney in Fact
Name/Title:	Andrew Collins, Attorney-In-Fact
Date:	02/12/2026

Kathryn Lebowitz Silverberg

Signature:	/s/ Andrew Collins,Attorney in Fact
Name/Title:	Andrew Collins, Attorney-In-Fact
Date:	02/12/2026

Andrew Lebowitz

Signature:	/s/ Andrew Collins,Attorney in Fact
Name/Title:	Andrew Collins, Attorney-In-Fact
Date:	02/12/2026

Ashley Lebowitz

Signature:	/s/ Andrew Collins,Attorney in Fact
Name/Title:	Andrew Collins, Attorney-In-Fact
Date:	02/12/2026

The Lebowitz Family Stock, LLC

Signature:	/s/ Andrew Collins,Attorney in Fact
Name/Title:	Andrew Collins, Attorney-In-Fact
Date:	02/12/2026

Debra Paul

Signature:	/s/ Andrew Collins,Attorney in Fact
Name/Title:	Andrew Collins, Attorney-In-Fact
Date:	02/12/2026

Susan Pearlstein

Signature:	/s/ Andrew Collins,Attorney in Fact
Name/Title:	Andrew Collins, Attorney-In-Fact
Date:	02/12/2026

Kora Miri Silverberg

Signature:	/s/ Andrew Collins,Attorney in Fact
Name/Title:	Andrew Collins, Attorney-In-Fact
Date:	02/12/2026

Isla Silverberg

Signature:	/s/ Andrew Collins,Attorney in Fact
Name/Title:	Andrew Collins, Attorney-In-Fact
Date:	02/12/2026

Exhibit Information

Exhibit 99.1 Joint Filing Agreement Exhibit 99.2 Item 8 Statement Exhibit 99.3 Power of Attorney