[144] International Seaways, Inc. SEC Filing
Rhea-AI Filing Summary
Form 144 notice for International Seaways, Inc. (INSW) proposes sale of 3,000 common shares with an aggregate market value of $124,044.90, to be executed approximately on 08/14/2025 through Morgan Stanley Smith Barney LLC on the NYSE. The filing reports 49,366,276 shares outstanding, and discloses the acquisition history for the 3,000 shares: 1,276 shares from previously exercised options acquired on 09/06/2023 and 1,724 shares from restricted stock vesting under a registered plan on 02/29/2024; both show payment characterized as services rendered. The filing states no securities sold by the holder in the past three months. Several identifying fields are blank in the submission (including filer CIK and the name of the person for whose account the securities are to be sold and the issuer name in issuer section), so the document provides the trade specifics but omits issuer/filer identification details in the form sections provided.
Positive
- Transaction details provided: class, broker, number of shares, aggregate market value, approximate sale date, and exchange are specified
- Source of shares disclosed: 1,276 from exercised options and 1,724 from restricted stock vesting with acquisition dates provided
- Size immaterial to outstanding shares: 3,000 shares versus 49,366,276 outstanding indicates limited market impact
Negative
- Missing issuer identification in issuer section: issuer name and related issuer fields are not provided in the excerpt
- Missing filer/insider identity: filer CIK and the name of the person for whose account the securities are to be sold are blank, limiting transparency
- Form excerpt omits confirmatory details: absence of signer name/date and full filer contact details in provided content prevents full verification
Insights
TL;DR: Routine insider notice showing a small proposed sale (3,000 shares, ~$124k) sourced from option exercise and vested restricted stock; appears immaterial to market.
The Form 144 discloses the proposed disposition method, broker, approximate sale date, and the precise origin of the shares (option exercise and restricted stock vesting). Relative to the reported 49,366,276 shares outstanding, the 3,000-share block represents an immaterial portion of float, suggesting limited market impact. The filing reports no sales by the same person in the prior three months, which is consistent with a one-off disposition. However, critical identification fields are blank in the provided excerpt, which hampers linkage to a specific insider or transaction history.
TL;DR: Compliance-oriented disclosure appears largely complete on transaction details but lacks key identifying information in this excerpt.
The document records acquisition dates and legitimate sourcing of the securities (previously exercised options and vested restricted stock), and the signature/attestation language is present. From a governance perspective, proper disclosure of the seller's identity and filer CIK is necessary for stakeholder transparency; those fields are blank in the provided content. Absent those identifiers, external parties cannot verify insider status or trading-plan context from this excerpt alone.