Famatown Finance sells 456K International Seaways shares
International Seaways, Inc. large shareholder Famatown Finance Limited reported two open-market sales of common stock of the company.
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.
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Insider Trade Summary
| 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 |
Footnotes (4)
- F1. 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.
- F2. 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.
- F3. These shares are directly held by Famatown Finance Limited.
- F4. 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.
FAQ
What insider transactions did Famatown Finance report for International Seaways (INSW)?
Were the INSW insider sales by Famatown Finance open-market transactions?
What price ranges are disclosed for the recent INSW insider sales?
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