GROSSMAN ERIC F 4

What Happened
Eric F. Grossman, Morgan Stanley's Chief Legal/Admin Officer, disposed of 21,555 Morgan Stanley (MS) shares in an open-market sale on January 20, 2026 for a weighted average price of $184.00, generating proceeds of approximately $3,966,137. On the same date he also made a gift of 2,495 MS shares (reported as a gift, $0 proceeds). Sales are typically routine insider transactions and do not necessarily indicate a change in view on the company.

Key Details

• Transaction date: 2026-01-20; Form 4 filed: 2026-01-22 (timely filing).
• Sale: 21,555 shares at a weighted average price of $184.00; total proceeds ≈ $3,966,137.
• Gift: 2,495 shares reported as a gift (disposition code G), $0 proceeds.
• Footnote: Price is a weighted average; the shares were sold in multiple trades at prices ranging from $184.00 to $184.02. The filer can provide a breakdown of how many shares sold at each price on request.
• Shares owned after the transaction: not specified in the information provided in this summary.

Context

• Transaction codes: S = Sale (open-market sale), G = Gift. Sales reduce holdings and are often routine (liquidity, diversification, tax planning); gifts do not reflect a market sentiment.
• No options or derivative exercises were reported in this filing.
• For retail investors, purchases are generally more informative about insider confidence than sales; treat this as a factual disclosure rather than an investment recommendation.