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International Seaways (INSW) major holder sells 456K common shares

Filing Impact
(Very High)
Filing Sentiment
(Very Negative)
Form Type
4

Rhea-AI Filing Summary

International Seaways, Inc. large shareholder Famatown Finance Limited reported two open-market sales of common stock of the company. On March 9, 2026, it sold 300,000 shares at a weighted-average price of $75.615 per share. On March 10, 2026, it sold a further 156,362 shares at a weighted-average price of $75.336 per share.

After these transactions, Famatown Finance Limited indirectly held 7,810,494 shares of International Seaways common stock. Footnotes state the prices reflect multiple trades within ranges of $75.05–$76.235 and $75.25–$77.28, and that the shares are directly held by Famatown Finance Limited through trust structures involving C.K. Limited.

Positive

  • None.

Negative

  • None.
Insider Famatown Finance Ltd, GREENWICH HOLDINGS LTD., C.K. Ltd
Role 10% Owner | 10% Owner | 10% Owner
Sold 456,362 shs ($34.46M)
Type Security Shares Price Value
Sale Common Stock, no par value 156,362 $75.336 $11.78M
Sale Common Stock, no par value 300,000 $75.615 $22.68M
Holdings After Transaction: Common Stock, no par value — 7,810,494 shares (Indirect, See footnotes)
Footnotes (1)
  1. The price reported in Column 4 is a weighted average price. The shares were sold in multiple transactions at prices ranging from $75.25 to $77.28. The reporting person undertakes to provide International Seaways, Inc., any security holder of International Seaways, Inc., or the staff of the U.S. Securities and Exchange Commission, upon request, full information regarding the number of shares purchased at each price within the range set forth herein. The price reported in Column 4 is a weighted average price. The shares were sold in multiple transactions at prices ranging from $75.05 to $76.235. The reporting person undertakes to provide International Seaways, Inc., any security holder of International Seaways, Inc., or the staff of the U.S. Securities and Exchange Commission, upon request, full information regarding the number of shares purchased at each price within the range set forth herein. These shares are directly held by Famatown Finance Limited. C.K. Limited is the trustee of two trusts (the "Trusts") that indirectly hold all of the shares of Greenwich Holdings Limited and Famatown Finance Limited. Accordingly, C.K. Limited, as trustee, may be deemed to beneficially own the shares of common stock of International Seaways, Inc. that are beneficially owned by Greenwich Holdings Limited. Mr. Fredriksen established the trusts for the benefit of his immediate family. He is neither a beneficiary nor a trustee of either Trust. Therefore, Mr. Fredriksen has no economic interest in such shares of common stock and disclaims any control over such shares of common stock, save for any indirect influence he may have with C.K. Limited, as the trustee of the Trusts, in his capacity as the settlor of the Trusts.
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Form 4 Insider Transactions: What Each Field Means →
SEC Form 4
FORM 4 UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934
or Section 30(h) of the Investment Company Act of 1940
OMB APPROVAL
OMB Number: 3235-0287
Estimated average burden
hours per response: 0.5
Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).
Check this box to indicate that a transaction was made pursuant to a contract, instruction or written plan for the purchase or sale of equity securities of the issuer that is intended to satisfy the affirmative defense conditions of Rule 10b5-1(c). See Instruction 10.
1. Name and Address of Reporting Person*
Famatown Finance Ltd
(Last) (First) (Middle)
33 PROMACHON ELEFTHERIAS STREET
AYIOS ATHANASIOS
(Street)
LIMASSOL G4 CY 4103
(City) (State) (Zip)
2. Issuer Name and Ticker or Trading Symbol
International Seaways, Inc. [ INSW ] 		5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
Director X 10% Owner
Officer (give title below) Other (specify below)
3. Date of Earliest Transaction (Month/Day/Year)
03/09/2026
4. If Amendment, Date of Original Filed (Month/Day/Year)
 6. Individual or Joint/Group Filing (Check Applicable Line)
Form filed by One Reporting Person
X Form filed by More than One Reporting Person
Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1. Title of Security (Instr. 3) 2. Transaction Date (Month/Day/Year) 2A. Deemed Execution Date, if any (Month/Day/Year) 3. Transaction Code (Instr. 8) 4. Securities Acquired (A) or Disposed Of (D) (Instr. 3, 4 and 5) 5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4) 6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4) 7. Nature of Indirect Beneficial Ownership (Instr. 4)
Code V Amount (A) or (D) Price
Common Stock, no par value 03/09/2026 S 300,000 A $75.615(1) 7,966,856 I See footnotes(3)(4)
Common Stock, no par value 03/10/2026 S 156,362 A $75.336(2) 7,810,494 I See footnotes(3)(4)
Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned
(e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 3) 2. Conversion or Exercise Price of Derivative Security 3. Transaction Date (Month/Day/Year) 3A. Deemed Execution Date, if any (Month/Day/Year) 4. Transaction Code (Instr. 8) 5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5) 6. Date Exercisable and Expiration Date (Month/Day/Year) 7. Title and Amount of Securities Underlying Derivative Security (Instr. 3 and 4) 8. Price of Derivative Security (Instr. 5) 9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4) 10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4) 11. Nature of Indirect Beneficial Ownership (Instr. 4)
Code V (A) (D) Date Exercisable Expiration Date Title Amount or Number of Shares
1. Name and Address of Reporting Person*
Famatown Finance Ltd
(Last) (First) (Middle)
33 PROMACHON ELEFTHERIAS STREET
AYIOS ATHANASIOS
(Street)
LIMASSOL G4 CY 4103
(City) (State) (Zip)
Relationship of Reporting Person(s) to Issuer
Director X 10% Owner
Officer (give title below) Other (specify below)
1. Name and Address of Reporting Person*
GREENWICH HOLDINGS LTD.
(Last) (First) (Middle)
33 PROMACHON ELEFTHERIAS STREET
AYIOS ATHANASIOS
(Street)
LIMASSOL G4 CY 4103
(City) (State) (Zip)
Relationship of Reporting Person(s) to Issuer
Director X 10% Owner
Officer (give title below) Other (specify below)
1. Name and Address of Reporting Person*
C.K. Ltd
(Last) (First) (Middle)
28 ESPLANADE STREET
(Street)
ST. HELIER Y9 JE4 2QP
(City) (State) (Zip)
Relationship of Reporting Person(s) to Issuer
Director X 10% Owner
Officer (give title below) Other (specify below)
Explanation of Responses:
1. The price reported in Column 4 is a weighted average price. The shares were sold in multiple transactions at prices ranging from $75.25 to $77.28. The reporting person undertakes to provide International Seaways, Inc., any security holder of International Seaways, Inc., or the staff of the U.S. Securities and Exchange Commission, upon request, full information regarding the number of shares purchased at each price within the range set forth herein.
2. The price reported in Column 4 is a weighted average price. The shares were sold in multiple transactions at prices ranging from $75.05 to $76.235. The reporting person undertakes to provide International Seaways, Inc., any security holder of International Seaways, Inc., or the staff of the U.S. Securities and Exchange Commission, upon request, full information regarding the number of shares purchased at each price within the range set forth herein.
3. These shares are directly held by Famatown Finance Limited.
4. C.K. Limited is the trustee of two trusts (the "Trusts") that indirectly hold all of the shares of Greenwich Holdings Limited and Famatown Finance Limited. Accordingly, C.K. Limited, as trustee, may be deemed to beneficially own the shares of common stock of International Seaways, Inc. that are beneficially owned by Greenwich Holdings Limited. Mr. Fredriksen established the trusts for the benefit of his immediate family. He is neither a beneficiary nor a trustee of either Trust. Therefore, Mr. Fredriksen has no economic interest in such shares of common stock and disclaims any control over such shares of common stock, save for any indirect influence he may have with C.K. Limited, as the trustee of the Trusts, in his capacity as the settlor of the Trusts.
Remarks:
Each reporting person disclaims beneficial ownership of all the shares reported in this Form 4 except to the extent of such reporting person's respective pecuniary interest therein, and the inclusion of these shares in this report shall not be deemed an admission of beneficial ownership of all of the reported shares for purposes of Section 16 or for any other purpose. The address of Famatown Finance Limited's principal place of business is Deana Beach Apartments, Block 1, 4th Floor, 33 Promachon Eleftherias Street, Ayios Athanasios, 4103 Limassol, Cyprus. The address of Greenwich Holdings Limited's principal place of business is Deana Beach Apartments, Block 1, 4th Floor, 33 Promachon Eleftherias Street, Ayios Athanasios, 4103 Limassol, Cyprus. The address of C.K. Limited's principal place of business JTC House, 28 Esplanade, St. Helier, Jersey, Channel Islands JE4 2QP.
/s/ Christakis Theodoulou, Director for Famatown Finance Limited 03/12/2026
/s/ Christakis Theodoulou, Director for Greenwich Holdings Limited 03/12/2026
/s/ Christakis Theodoulou, Director for C.K. Limited 03/12/2026
** Signature of Reporting Person Date
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* If the form is filed by more than one reporting person, see Instruction 4 (b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB Number.

Source: View Original Filing on SEC EDGAR

FAQ

What insider transactions did Famatown Finance report for International Seaways (INSW)?

Famatown Finance Limited reported two open-market sales of International Seaways common stock, totaling 456,362 shares. The trades occurred on March 9, 2026 and March 10, 2026 at weighted-average prices around $75–$76 per share.

How many INSW shares did Famatown Finance sell and at what prices?

Famatown Finance sold 300,000 shares at a weighted-average price of $75.615 on March 9, and 156,362 shares at $75.336 on March 10. Footnotes state actual trades occurred within narrower price ranges around these averages.

How many International Seaways (INSW) shares does Famatown hold after these sales?

Following the reported transactions, Famatown Finance Limited indirectly held 7,810,494 shares of International Seaways common stock. This figure reflects the position after the March 10, 2026 sale and represents the remaining stake associated with the reporting entities in this filing.

Were the INSW insider sales by Famatown Finance open-market transactions?

Yes. Both transactions are coded as “S”, described as sales in open market or private transactions. The filing characterizes them as open-market sales with weighted-average prices based on multiple individual trades within disclosed price ranges.

Who actually holds the International Seaways shares reported by Famatown Finance?

Footnotes state the shares are directly held by Famatown Finance Limited. C.K. Limited acts as trustee of trusts that indirectly own Famatown and Greenwich Holdings, and may be deemed to beneficially own the underlying International Seaways common stock through these trust structures.

What price ranges are disclosed for the recent INSW insider sales?

For the March 9 sale, trades occurred between $75.05 and $76.235. For the March 10 sale, trades ranged from $75.25 to $77.28. The reported prices are weighted averages, and detailed trade breakdowns are available on request.