SMITH CHARLES A 4

What Happened
Charles A. Smith, Chief Risk Officer of Morgan Stanley (MS), sold 8,500 shares in an open-market transaction on January 20, 2026. The weighted-average sale price was $182.08, generating total proceeds of $1,547,686. This was a sale (S), which is often routine liquidity rather than an indicator of company prospects.

Key Details

• Transaction date: 2026-01-20; Form filed: 2026-01-22 (timely — within required reporting window).
• Transaction type/code: Open-market sale (S).
• Shares sold: 8,500 at a weighted avg price of $182.08; total proceeds $1,547,686.
• Price range (per footnote): $182.0401 to $182.1301; the reported $182.08 is a weighted average. The filer offers to provide the per-trade breakdown on request.
• Shares owned after transaction: Not reported in the supplied details.
• No indication in the provided data of a 10b5‑1 plan, tax withholding, gift, or option exercise.

Context
This was a straightforward open-market sale by an executive. Sales are common and can reflect personal liquidity needs; they are generally less informative than purchases about insider sentiment. If you want the per-trade price breakdown or the post-transaction holdings, the filer has agreed (in the footnote) to provide those details to Morgan Stanley, any shareholder, or the SEC staff upon request.