[144] International Seaways, Inc. SEC Filing
Rhea-AI Filing Summary
International Seaways, Inc. (INSW) submitted a Form 144 notifying the proposed sale of 1,000 common shares by an insider through Morgan Stanley Smith Barney LLC on or about 09/15/2025. The filing shows the shares were acquired as Restricted Stock Units on 02/29/2024 from the issuer, with acquisition and payment recorded the same day. The filing also discloses a prior 10b5-1 sale of 1,000 shares on 08/22/2025 that generated $44,690. The 1,000-share sale represents approximately 0.002% of the reported 49,366,276 shares outstanding.
Positive
- Compliance with Rule 144 is documented, including broker details and sale date.
- Acquisition method disclosed as Restricted Stock Units received from the issuer on 02/29/2024.
- Prior 10b5-1 sale on 08/22/2025 is reported, indicating use of a trading plan for earlier disposals.
- Transaction is immaterial in size (approximately 0.002% of shares outstanding), reducing market-impact risk.
Negative
- None.
Insights
TL;DR: Insider is following structured disclosure for a small RSU sale; transaction appears routine and immaterial to cap table.
The Form 144 documents a proposed sale of 1,000 common shares acquired as restricted stock units, with the broker and approximate sale date identified. The filing includes a recent 10b5-1 sale on 08/22/2025 producing $44,690, demonstrating prior reliance on an automated plan for at least some disposals. Given the issuer's reported shares outstanding, the proposed sale is de minimis relative to total equity and is presented as a routine insider liquidity event rather than a material change.
TL;DR: Disclosure aligns with Rule 144 and 10b5-1 practices; signature attests no undisclosed material information.
The filing identifies the broker and the nature of acquisition (RSUs from the issuer) and includes the required attestation about material nonpublic information and 10b5-1 plan references. The record shows compliance with procedural requirements for an insider sale notice. The document does not provide plan-adoption dates or additional governance context, limiting further assessment.