Famatown Finance Ltd, a 10% owner of International Seaways, Inc. (NYSE:INSW), filed a Form 4 on October 28, 2026, reporting the sale of 203,738 shares of common stock across four transactions between October 9 and October 14, 2026.

Key Highlights

  • Total shares sold: 203,738 shares of International Seaways common stock, no par value, were disposed of across four separate transactions.
  • Transaction dates: Sales occurred on October 9, October 13 (two transactions), and October 14, 2026.
  • Price range: Weighted average sale prices ranged from $121.551 to $125.053 per share, with individual transaction prices spanning $121.500 to $125.215.
  • Remaining beneficial ownership: Following the reported transactions, Famatown Finance Ltd indirectly beneficially owned 6,500,566 shares.
  • Ownership structure: Shares are directly held by Famatown Finance Limited, which is indirectly held through trusts administered by C.K. Limited as trustee, with Greenwich Holdings Limited also in the chain.
  • Settlor disclaimer: According to the filing, Mr. Fredriksen established the trusts for the benefit of his immediate family but "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."

Famatown Finance Share Sales in International Seaways, October 9-14, 2026

According to the Form 4 filed with the SEC, Famatown Finance Ltd reported four disposals of International Seaways common stock. On October 9, 2026, the reporting person sold 100,000 shares at a weighted average price of $121.551, with individual prices ranging from $121.500 to $121.780. Following that transaction, beneficial ownership stood at 6,604,304 shares.

On October 13, 2026, two separate sales were reported. The first involved 37,888 shares at a weighted average price of $121.991, with prices ranging from $121.540 to $122.515. The second was a single transaction of 1,029 shares at $124.481 per share. After both October 13 transactions, beneficial ownership was reduced to 6,565,387 shares. On October 14, 2026, an additional 64,821 shares were sold at a weighted average price of $125.053, with prices ranging from $125.000 to $125.215, bringing the final reported beneficial ownership to 6,500,566 shares, held indirectly.

The filing identifies three reporting persons: Famatown Finance Ltd, Greenwich Holdings Ltd, and C.K. Ltd, all sharing the same filing. C.K. Limited serves as trustee of two trusts that indirectly hold all shares of both Greenwich Holdings Limited and Famatown Finance Limited. Each reporting person, according to the filing, "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." All transactions are coded "S" (sale) under Table I. No derivative securities transactions were reported.

What Was Disclosed

The filing disclosed four open-market sales of International Seaways common stock by Famatown Finance Ltd between October 9 and October 14, 2026, totaling 203,738 shares at prices ranging from $121.500 to $125.215, with indirect beneficial ownership of 6,500,566 shares remaining after the transactions.