What happened
International Seaways, Inc. (NYSE: INSW) said Famatown Finance Ltd., a 10% owner, sold 1,106,190 shares from 2026-04-30 to 2026-10-08 for about $107.31 million.
The Form 4 lists 14 sales of common stock, no par value, and says the shares were sold in multiple transactions at weighted-average prices.
On 2026-04-30, 2026-05-01, 2026-05-05, 2026-05-06, 2026-05-08 and 2026-05-11, it sold 156,924, 150,000, 35,250, 135,000, 33,956 and 45,342 shares.
Those early trades carried weighted-average prices of $81.276, $82.161, $85.085, $87.48, $90.663 and $92.121 a share.
Selling resumed on 2026-07-22 and 2026-09-18, when Famatown Finance sold 104,428 and 15,136 shares at $90.5367 and $112.1241.
It then sold 100,000, 102,000 and 100,000 shares on 2026-09-21, 2026-09-22 and 2026-10-05 at $111.088, $111.8223 and $114.967.
The final three sales were 66,738 shares on 2026-10-06, 61,216 on 2026-10-07 and 200 on 2026-10-08 at $117.0337, $117.081 and $118.5.
The filing also says the 2026-04-30 sales ranged from $81.250 to $81.755, and the 2026-10-08 sale was a single transaction at $118.60.
After the final trade, Famatown Finance held 6,704,304 shares.
The filing says C.K. Limited is trustee of two trusts that indirectly hold all of the shares of Greenwich Holdings Limited and Famatown Finance Limited.
Key numbers
| Metric | Latest | Change | Source |
|---|---|---|---|
| Shares sold | 1,106,190 shares | SEC Form 4 | |
| Sale value | about $107.31 million | SEC Form 4 | |
| Sale price range | $81.28 to $118.50 per share | SEC Form 4 | |
| Shares held after sale | 6,704,304 shares | SEC Form 4 |
Read more: International Seaways (INSW) stock analysis and investment case
Why it matters
OptimistFi's case is that International Seaways is a tanker-cycle cash machine, not a secular compounder, and this filing weakens that view because the owner sold across 14 dates.
Famatown Finance sold 1,106,190 shares, about 14.2% of its pre-trade holding, and still held 6,704,304 shares after the final trade.
The sales were spread from 2026-04-30 to 2026-10-08, with weighted-average prices ranging from $81.276 to $118.5 a share, which shows a stepped exit rather than one block trade.
The filing also reports a 2026-04-30 range of $81.250 to $81.755 and a 2026-10-08 single transaction at $118.60, which gives investors a dated trail for the ownership change.
Because Famatown Finance still held a large position, the filing points to a reduction in exposure, not a full withdrawal.
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What's next
The next observable evidence is the next SEC Form 4 filing.
Another reported sale would extend the reduction, while no follow-on filing would leave 6,704,304 shares as the current ownership baseline.
More from OptimistFi
- INSW stock: the International Seaways thesis, its status and the next test to watch
- Stock research on every company OptimistFi covers
- Latest stock research and investment-case updates
- OptimistFi: evidence-first equity research
Sources
- SEC Form 4 — Form 4 filed 2026-10-16 for International Seaways, Inc.
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Originally published on OptimistFi, evidence-first equity research. More at optimistfi.com.
