James D. Small III - 27 Jul 2023 Form 4 Insider Report for International Seaways, Inc. (INSW)

Signature
/s/James D. Small III
Issuer symbol
INSW
Transactions as of
27 Jul 2023
Net transactions value
-$40,000
Form type
4
Filing time
31 Jul 2023, 17:19:06 UTC
Previous filing
16 May 2023
Next filing
14 Aug 2023

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction INSW Common Stock Sale $40,000 -1,000 -1.3% $40.00 75,217 27 Jul 2023 Direct F1
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Buy Plan / Sale Plan: These are also open market purchases/sales of shares, but in this case the transaction is part of a trading plan. Rule 10b5-1 allows insiders to setup a trading plan to buy/sell stocks over a certain period of time. Since the purchases/sales are predetermined, this protects the insiders from violating insider trading law.

Transaction was made pursuant to a contract, instruction or written plan for the purchase or sale of equity securities of the issuer that is intended to satisfy the affirmative defense conditions of Rule 10b5-1(c).

Explanation of Responses:

Id Content
F1 The transaction reported on this Form 4 were effected pursuant to a Rule 10b5-1 trading plan executed by the reporting person on December 16, 2022.