| Type | Sym | Class | Transaction | Value $ | Shares | Change % | * Price $ | Shares After | Date | Ownership | Footnotes |
|---|---|---|---|---|---|---|---|---|---|---|---|
| transaction | OSG | Class A Common Stock | Sale | -$337K | -50K | -1.99% | $6.74 | 2.46M | May 15, 2024 | Direct | F1, F2, F3 |
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).
| Id | Content |
|---|---|
| F1 | This transaction was made pursuant to a 10b5-1 plan put into place with a term beginning on August 15, 2023 and ending November 15, 2024 that is intended to satisfy the affirmative defense conditions of Rule 10b5-1(c). |
| F2 | The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions with prices ranging from $6.6500 to $6.7850 inclusive. The reporting person undertakes to provide to Overseas Shipholding Group, Inc., any security holder of Overseas Shipholding Group, Inc., or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the range set forth in Footnote (2) to this Form 4. |
| F3 | Shares are held in a revocable trust in which Mr. Norton is sole trustee. |