Famatown Finance Sells $50M of International Seaways Stock Over Three Weeks
INSW has more than doubled off its 52-week low of $42.26.
Summary
Famatown Finance Limited, the Fredriksen family trust vehicle, sold 445,290 shares of International Seaways for approximately $50.3 million between September 18 and October 8, 2026, reducing its stake to 13.54%.
Key Events · Ownership and Investor Activity · INSW
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Major Shareholder Sells $50M Stake
Famatown Finance Limited sold 445,290 shares of INSW common stock in open market transactions between 9/18/2026 and 10/8/2026 at prices ranging from $111.09 to $118.50 per share, totaling approximately $50.3 million.
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Stake Reduced to 13.54%
The reporting persons' beneficial ownership decreased to 6,704,304 shares, representing 13.54% of the 49,531,311 shares outstanding as of August 6, 2026.
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Sales Near 52-Week High
The sales were executed while INSW traded near its 52-week high of $121.82, suggesting the seller capitalized on strong price appreciation.
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No Prior Disclosure of Sales
This Schedule 13D/A is the first public disclosure of these transactions; no prior Form 144 or Form 4 filings covered these specific sales.
Analysis · INSW · Energy & Transportation
Famatown Finance Limited, the investment vehicle tied to shipping magnate John Fredriksen's family trusts, sold 445,290 shares of International Seaways between September 18 and October 8, 2026, at prices ranging from $111.09 to $118.50 per share. The sales total approximately $50.3 million and reduce the group's stake to 13.54% of outstanding shares. This is a meaningful distribution by the company's largest outside shareholder, occurring while the stock trades near its 52-week high of $121.82. The sales were executed in a series of open-market transactions rather than through a pre-announced plan, and they represent a notable reduction in the Fredriksen family's economic exposure to the company.
How filings like this one have moved
In the 30 days to Oct 8, 2026, 28.6% of the 1679 measured filings Wiseek scored 7 moved their stock by 5% or more by the next session's close. The median move was -0.57%. These are measured outcomes after filings of this importance, not a forecast for this one.
Measured one observation per ticker per day, after exclusions. Current figures: Filing Impact Tracker · open dataset
At the time of this filing, INSW was trading at $121.93 on NYSE in the Energy & Transportation sector, with a market capitalization of approximately $6B. The 52-week trading range was $42.26 to $121.82. This filing was assessed with negative market sentiment and an importance score of 7 out of 10.