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International Seaways (INSW) Insider Notice: 2,000-Share Sale Proposed

Filing Impact
(Neutral)
Filing Sentiment
(Neutral)
Form Type
144

Rhea-AI Filing Summary

International Seaways, Inc. (INSW) Form 144 reports a proposed sale of 2,000 common shares through Morgan Stanley Smith Barney LLC with an aggregate market value of $83,020 and an approximate sale date of 08/15/2025. The filing lists the securities to be sold as previously acquired performance stock units (1,865 units acquired 02/29/2024) and restricted stock units (135 units acquired 03/06/2024). The filer is associated with 10b5-1 sales recorded in the past three months: two sales of 2,000 shares each on 07/15/2025 and 06/16/2025, generating gross proceeds of $77,237.00 and $77,483.20 respectively. The notice includes the required representation that the seller is not aware of undisclosed material adverse information.

Positive

  • Form 144 filed, indicating compliance with Rule 144 resale requirements
  • Broker identified (Morgan Stanley Smith Barney LLC), providing execution transparency
  • Acquisition source disclosed: 1,865 PSUs and 135 RSUs, clarifying origin of shares

Negative

  • Insider selling activity is disclosed (proposed 2,000-share sale plus two recent 10b5-1 sales), which could be viewed negatively by some investors
  • Filing contains no operational or earnings information to contextualize the sales

Insights

TL;DR: Routine insider sale notice confirming proposed disposition under Rule 144 and prior 10b5-1 transactions; appears procedural.

This Form 144 documents a proposed sale of 2,000 common shares via Morgan Stanley Smith Barney and discloses the grant origins (performance stock units and restricted stock units). The filing also lists two recent 10b5-1 plan sales in June and July 2025 with recorded gross proceeds. From a compliance perspective, the form supplies the core elements required by Rule 144: broker, number of shares, acquisition details, and prior plan sales. There is no additional material disclosure in the filing itself about the issuer's operations or financial condition.

TL;DR: Transaction-level disclosure only; the sale sizes and prior 10b5-1 activity are documented but not material to company valuation by themselves.

The filing shows insider-originated equity from PSU and RSU grants being placed for sale and prior systematic 10b5-1 sales executed in the past three months. The information is focused on transfer mechanics rather than corporate performance. For investors, the filing confirms compliance with resale rules but does not contain operational or financial data to alter valuation assumptions.

144: Filer Information

144: Issuer Information

144: Securities Information



Furnish the following information with respect to the acquisition of the securities to be sold and with respect to the payment of all or any part of the purchase price or other consideration therefor:

144: Securities To Be Sold


* If the securities were purchased and full payment therefor was not made in cash at the time of purchase, explain in the table or in a note thereto the nature of the consideration given. If the consideration consisted of any note or other obligation, or if payment was made in installments describe the arrangement and state when the note or other obligation was discharged in full or the last installment paid.



Furnish the following information as to all securities of the issuer sold during the past 3 months by the person for whose account the securities are to be sold.

144: Securities Sold During The Past 3 Months

144: Remarks and Signature

FAQ

What does the Form 144 for International Seaways (INSW) disclose?

The filing discloses a proposed sale of 2,000 common shares via Morgan Stanley Smith Barney with an aggregate market value of $83,020 and acquisition details showing 1,865 PSUs and 135 RSUs as the source.

Who is the broker handling the proposed INSW sale?

The broker listed is Morgan Stanley Smith Barney LLC, 1 New York Plaza, 8th Floor, New York, NY.

Were there recent sales by the same person in INSW?

Yes. The filing shows two 10b5-1 plan sales of 2,000 shares on 07/15/2025 and 06/16/2025 with gross proceeds of $77,237.00 and $77,483.20 respectively.

What types of awards supplied the shares being sold?

The shares were acquired as Performance Stock Units (1,865) on 02/29/2024 and Restricted Stock Units (135) on 03/06/2024.

Does the Form 144 state the seller is aware of undisclosed material information?

The signer represents that they do not know any material adverse information about the issuer that has not been publicly disclosed.
International Seaways

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