Beauvais Jason B 4

What Happened
Jason B. Beauvais, EVP, General Counsel and Secretary of MS Income Fund, acquired 137.567 shares at $12.95 per share on January 30, 2026, for an aggregate cash value of approximately $1,781. The transaction is an acquisition (code J) via dividend reinvestment rather than an open-market purchase.

Key Details

• Transaction date: 2026-01-30; filing date: 2026-03-10 (appears to be a late filing relative to the standard Form 4 window).
• Price per share: $12.95; shares acquired: 137.567; total value: ~$1,781.
• Shares owned after transaction: Not specified in the provided filing.
• Footnote: Shares were acquired under a dividend reinvestment plan and the transaction is exempt from Section 16 reporting under Rule 16a-11.
• Transaction code: J (other acquisition or disposition).

Context
Dividend reinvestment plan (DRIP) purchases are typically routine, automatic transactions that reflect dividend reinvestment rather than an active bet on the stock. Because this was a small, plan-driven acquisition and exempt under Rule 16a-11, it’s generally less informative about insider sentiment than discretionary purchases. Note the filing date is substantially after the transaction date, which affects timeliness of disclosure.