SEC Filings

Famatown Finance Sold 445,290 International Seaways Shares In Seven Sales, 13D Filing Shows

The Cyprus holding company still reports a 13.54% stake and says nothing about its purpose has materially changed.

Matteo Parrino Jonathan Ponciano

Matteo Parrino, Jonathan Ponciano

— 2 min read
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Famatown Finance Sold 445,290 International Seaways Shares In Seven Sales, 13D Filing Shows

Famatown Finance, a Cyprus investment holding company, sold 445,290 International Seaways shares in seven open-market trades between September 18 and October 8, according to a trading schedule attached to an amended ownership filing made Thursday. The filing, Amendment No. 6 to its Schedule 13D, still reports a 13.54% stake and says nothing material about its purpose has changed.

The sales, trade by trade

Schedule I lists the sales as follows, with approximate prices per share:

  • September 18: 15,136 shares at $112.1241.
  • September 21: 100,000 shares at $111.0880.
  • September 22: 102,000 shares at $111.8223.
  • October 5: 100,000 shares at $114.9670.
  • October 6: 66,738 shares at $117.0337.
  • October 7: 61,216 shares at $117.0810.
  • October 8: 200 shares at $118.5000.

The filing says these are all open-market transactions by the reporting persons since the last 13D filing. The schedule itself covers the past 60 days and names Famatown as the seller.

What the stake looks like now

Famatown, its sole shareholder Greenwich Holdings and trustee C.K. Limited together may be deemed to beneficially own 6,704,304 shares, about 13.54% of the common stock. The percentage is based on 49,531,311 shares outstanding as of August 6, 2026, per International Seaways' quarterly report.

All three report shared voting and disposal power over the full amount and none sole power. The same figure is attributed to each entity through the ownership chain, so it is one stake, not three.

Items 3 and 4, which cover the source of funds and the purpose of the holding, each say only that there are no material changes to the Schedule 13D. The amendment therefore announces no new demands, board nominations or proposals. It amends earlier filings, the most recent of which was Amendment No. 5 filed May 11, 2026.

At Thursday's close, International Seaways shares were $121.82, up 4.17%, in market data, giving the company a market value of $5.8 billion. After hours the shares were $121.93, an early reading.

The next 13D amendment will show whether Famatown kept selling beyond the October 8 trade of 200 shares.

Correction, October 9, 2026: An earlier version of this story misstated the total shares sold. The seven sales in Schedule I total 445,290 shares, not 645,290.

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