[144] International Seaways, Inc. SEC Filing
Rhea-AI Filing Summary
International Seaways, Inc. (INSW) - Rule 144 notice for proposed sale of securities
An insider filing reports the proposed sale of 2,000 common shares through Morgan Stanley Smith Barney on the NYSE with an aggregate market value of $94,220 and an approximate sale date of 09/15/2025. The shares were originally acquired as Restricted Stock Units on 11/30/2016 and the filing indicates prior 10b5-1 plan sales: three separate 2,000-share sales on 06/16/2025, 07/15/2025 and 08/15/2025 generating gross proceeds of $77,483.20, $77,237.00 and $83,169.40 respectively. The filer certifies no undisclosed material adverse information and references Rule 10b5-1 trading plan representations.
Positive
- Disclosure compliance: The filing provides required Rule 144 details including broker, exchange, acquisition date, and certification of no undisclosed material information
- Use of 10b5-1 plan: Prior monthly sales were executed under a 10b5-1 schedule, which can reduce appearance of opportunistic timing
Negative
- Insider selling: The filer has executed multiple 2,000-share sales in recent months and proposes another sale, which may draw investor attention despite being small
- Limited context: The filing contains no information on the filer’s remaining holdings or company-level financials to assess broader impact
Insights
TL;DR: Routine Rule 144 notice documenting a small planned sale under an RSU disposition and prior 10b5-1 executions; compliance disclosure appears intact.
The filing documents a proposed sale of 2,000 shares with prior monthly 10b5-1 sales of 2,000 shares each over three months, consistent with a structured disposition plan. The securities were acquired as Restricted Stock Units in 2016, suggesting these are long-held compensatory awards now being liquidated. The notice lists the broker and exchange and includes the statutory certification regarding material nonpublic information. From a compliance perspective, the form meets Rule 144 disclosure elements required for an officer/affiliate sale, and the presence of 10b5-1 sales reduces timing risk if the plan was adopted before possessing material nonpublic information.
TL;DR: Insider selling is modest relative to typical market volumes; transactions are likely routine and not materially impactful to INSW valuation.
The amounts reported—2,000 shares per transaction and a proposed 2,000-share sale—are small in absolute terms, with aggregate market value for the proposed sale at $94,220. Prior gross proceeds from three recent sales total approximately $238,889.60. These figures are unlikely to move market pricing for INSW and instead reflect personal liquidity events by the filer. There is no earnings or operational data here to suggest company-level implications.