SCHEDULE: Major Shareholder Trims Stake in International Seaways

Famatown Finance Limited, a significant shareholder, has reduced its beneficial ownership in International Seaways, Inc. to 15.8% through recent open market sales.

Summary

• Famatown Finance Limited, Greenwich Holdings Limited, and C.K. Limited (Reporting Persons) collectively beneficially own 7,810,494 shares of International Seaways, Inc. Common Stock.
• This represents approximately 15.8% of the Issuer's outstanding Common Stock, based on 49,427,543 shares as of February 23, 2026.
• Famatown Finance Limited sold a total of 456,362 shares in open market transactions on March 9 and March 10, 2026.
• The sales were executed at approximate prices of $75.615 per share for 300,000 shares and $75.336 per share for 156,362 shares.
• C.K. Limited acts as the trustee for two trusts that indirectly hold all shares of Famatown and Greenwich Holdings.

Sentiment

Score: 4

Explanation: StockSavvy.ai views this as a moderately negative development, as a significant shareholder reducing their stake can imply a less optimistic outlook or a strategic shift, potentially impacting investor confidence.

Negatives

• Famatown Finance Limited sold 456,362 shares of International Seaways, Inc. Common Stock in open market transactions.
• The sales occurred on March 9, 2026 (300,000 shares at $75.615) and March 10, 2026 (156,362 shares at $75.336).
• The beneficial ownership of the Reporting Persons decreased to 15.8% of the outstanding shares.

Future Outlook

NA

Management Comments

• 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.

Industry Context

StockSavvy.ai notes that a reduction in stake by a significant, long-term investor like Famatown Finance Limited, often associated with the Fredriksen group, could be interpreted by the market as a strategic portfolio adjustment or a signal regarding the company's valuation or future prospects within the tanker industry.

Corporate Governance

Stakeholder Impact

• Shareholders: May interpret the reduction in stake by a major investor as a negative signal, potentially leading to downward pressure on the stock price.

Key Dates

Recommendation

The sale of a substantial block of shares by a significant, long-term investor like Famatown Finance Limited, associated with the Fredriksen group, suggests a potential re-evaluation of the investment or a strategic portfolio adjustment. While not indicative of immediate operational distress, it removes a large buyer from the market and could signal a less bullish outlook from a well-informed party. Investors should monitor future filings and company performance closely, but a 'hold' recommendation is appropriate given the lack of other negative news in the filing.

Keywords

International Seaways, Famatown Finance Limited, Greenwich Holdings Limited, C.K. Limited, Schedule 13D, beneficial ownership, share sale, common stock, investment holding, shipping