[144] International Seaways, Inc. SEC Filing
Rhea-AI Filing Summary
Form 144 notice for International Seaways, Inc. (INSW) reports a proposed sale of 5,000 common shares through Morgan Stanley Smith Barney LLC, with an aggregate market value of $206,736.50. The filing lists 49,366,276 shares outstanding and an approximate sale date of 08/14/2025 on the NYSE. The shares were acquired in two transactions: 3,700 shares from restricted stock vesting on 04/07/2023 and 1,300 shares from previously exercised options on 01/17/2024, both described as payment for services rendered. The filer reports no securities sold in the past three months.
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Insights
TL;DR: Routine Form 144 filing disclosing a proposed sale of 5,000 INSW shares via a broker.
The notice documents a proposed sale of 5,000 common shares with an aggregate market value of $206,736.50, to be executed through Morgan Stanley Smith Barney LLC on or about 08/14/2025. Acquisition details indicate the shares originated from restricted stock vesting and option exercises tied to service compensation. The filing contains no disclosure of recent sales in the prior three months and includes the standard Rule 144 signer certification regarding material non-public information.
TL;DR: Disclosure aligns with Rule 144 requirements; transaction is presented as service-related compensation.
The form identifies the securities as compensation-related (restricted stock vesting and previously exercised options) and includes the required representation that the reporting person is not aware of undisclosed material adverse information. The filing appears procedural and focuses on compliance with regulatory notice requirements rather than material corporate developments.