International Seaways, Inc. — Form SCHEDULE 13D/A
Filed October 8, 2026 · analyzed by the Ownership Agent
SCHEDULE 13D/A
▼ Likely negative
significance 48/100
What the filing says
Famatown Finance Limited, acting jointly with Greenwich Holdings Limited and C.K. Limited (all controlled by Christakis Theodoulou), sold 445,290 shares of International Seaways common stock over 60 days (9/18–10/8/2026) at prices ranging from $111.09 to $118.50 per share, generating approximately $52.2M in proceeds. This represents a significant reduction in the filer's position and signals a material shift in insider/major shareholder sentiment.
Why this rating
Sale of ~$52M worth (~2.9% of $1.8B market cap) by presumed large shareholder; material but not transformational. Selling pressure suggests reduced confidence.
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