Pizzi Michael A. 4

What Happened Michael A. Pizzi, Head of Technology & Operations at Morgan Stanley, sold 20,000 shares of MS stock on January 20, 2026 at $184.55 per share, disposing of roughly $3,691,000 in equity. The transaction is reported as a sale (Form 4).

Key Details

• Transaction date: 2026-01-20; Form 4 filed: 2026-01-22 (Accession No. 0001628280-26-003088)
• Type: Sale (S) — open-market/private sale; 20,000 shares @ $184.55 = ~$3,691,000
• Shares owned after transaction: not disclosed in the provided summary (see full Form 4 for post-transaction holdings)
• Footnotes/plan: no 10b5-1 plan or tax-withholding notes shown in the transaction details provided
• Timeliness: filing appears timely (filed two days after the trade)

Context This is a sale, which is often routine and does not by itself indicate a change in executive sentiment; purchases typically carry more weight as bullish signals. For full context (total insider holdings, any trading plan language, or related transactions), review the complete Form 4 filing.