Morgan Stanley reports 6.9% stake in Dine Brands

Morgan Stanley and Morgan Stanley Capital Services LLC amended a Schedule 13G to report beneficial ownership of Dine Brands Global, Inc. common stock (CUSIP 254423106).

Rhea-AI Filing Summary

Morgan Stanley and Morgan Stanley Capital Services LLC amended a Schedule 13G to report beneficial ownership of Dine Brands Global, Inc. common stock (CUSIP 254423106). The filing lists 889,973 shares (shared voting power) representing 6.9% for the Morgan Stanley reporting units and 834,781 shares (shared voting and dispositive power) representing 6.4% for Morgan Stanley Capital Services LLC. The filing is signed as an amendment and includes a joint filing agreement and Item 7 exhibit identifying relevant subsidiaries.

Insights

Corporate Governance Attorney

Securities ownership disclosure; no transaction described.

The amendment clarifies beneficial ownership positions for two Morgan Stanley reporting units with exact share counts and percentages. It follows Schedule 13G practice for passive or institutional holders and attaches a joint filing agreement plus Item 7 subsidiary identification.

Key dependencies are the accuracy of share counts and the Item 7 exhibit identifying which subsidiary holds the securities; subsequent filings would show material changes.

Institutional Investor Relations Analyst

Large passive holdings disclosed; no immediate corporate action.

The report shows shared voting/dispositive power figures: 889,973 shares (6.9%) and 834,781 shares (6.4%). These counts quantify institutional exposure but do not state intent to buy or sell.

Stake levels near single-digit percentages can matter for ownership monitoring; any changes would appear in future Schedule 13 filings.

Key Figures

CUSIP: 254423106 Shares beneficially owned (MS Reporting Units): 889,973 shares Percent of class (MS Reporting Units): 6.9% +3 more

6 metrics

CUSIP 254423106 Dine Brands Global common stock identifier

Shares beneficially owned (MS Reporting Units) 889,973 shares reported shared voting/dispositive power

Percent of class (MS Reporting Units) 6.9% percent of common stock reported

Shares beneficially owned (MS Capital Services LLC) 834,781 shares reported shared voting and dispositive power

Percent of class (MS Capital Services LLC) 6.4% percent of common stock reported

Exhibits included Exhibit 99.1; Exhibit 99.2 Joint Filing Agreement and Item 7 identification

Key Terms

Schedule 13G/A, beneficially owned, shared dispositive power, Item 7 identification

4 terms

Schedule 13G/A regulatory

"Amendment No. 1 Dine Brands Global, Inc. Common Stock"

A Schedule 13G/A is an amended public filing with the U.S. securities regulator that updates a previous Schedule 13G, disclosing when an individual or group holds a substantial (typically over 5%) stake in a company and is claiming a passive, non‑controlling intent. Investors monitor these updates because rising or falling holdings can signal changing confidence, potential future moves, or shifts in voting power — like watching a public ledger where large shareholders quietly adjust their positions.

beneficially owned regulatory

"this filing reflects the securities beneficially owned, or that may be deemed to be beneficially owned"

Beneficially owned describes securities or assets where a person has the economic rights and control—such as the right to receive dividends and to direct voting—even if legal title is held in another name. Think of it like having the keys and using a car that’s registered to someone else: you get the benefits and make decisions. Investors care because beneficial ownership reveals who truly controls value and voting power, affecting corporate decisions and takeover dynamics.

shared dispositive power financial

"Shared Dispositive Power 889,973.00"

Item 7 identification regulatory

"See Exhibit 99.2 Item 7 Information"

FAQ

AI-generated questions and answers. How Rhea-AI works. Not financial advice.

What ownership stake did Morgan Stanley report in DIN?

Morgan Stanley's reporting units disclosed beneficial ownership of 889,973 shares, representing 6.9% of Dine Brands Global common stock. The filing appears as an amendment and includes subsidiary identification in Exhibit 99.2.

What stake did Morgan Stanley Capital Services LLC report in DIN?

Morgan Stanley Capital Services LLC reported beneficial ownership of 834,781 shares, representing 6.4% of Dine Brands Global common stock. The filing lists shared voting and shared dispositive power for that amount.

Does this Schedule 13G/A show a purchase or sale by Morgan Stanley?

No; the amendment reports beneficial ownership counts and percentages but does not describe any specific purchase or sale transactions. It functions as a disclosure of existing holdings under Schedule 13G rules.

Which documents are attached to the amendment?

The amendment includes a Joint Filing Agreement (Exhibit 99.1) and an Item 7 identification exhibit (Exhibit 99.2) that identifies the relevant subsidiary(ies) associated with the reported holdings.

What is the security identifier for the reported shares?

The reported common stock is identified by CUSIP 254423106. The filing names the class as Common Stock of Dine Brands Global, Inc.

AI-generated analysis. How Rhea-AI works. Not financial advice.

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Accepted by SEC EDGAR 05/11/2026 - 11:59 AM EDT Learn about SEC filing dates

SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

SCHEDULE 13G

UNDER THE SECURITIES EXCHANGE ACT OF 1934

(Amendment No. 1)

Dine Brands Global, Inc.

(Name of Issuer)

Common Stock

(Title of Class of Securities)

254423106

(CUSIP Number)

03/31/2026

(Date of Event Which Requires Filing of this Statement)

Check the appropriate box to designate the rule pursuant to which this Schedule is filed:

Rule 13d-1(b)

Rule 13d-1(c)

Rule 13d-1(d)

schemaVersion:

SCHEDULE 13G

CUSIP Number(s): 254423106

1

Names of Reporting Persons

Morgan Stanley

2

Check the appropriate box if a member of a Group (see instructions)

(a)
(b)

3

Sec Use Only

4

Citizenship or Place of Organization

DELAWARE

Number of Shares Beneficially Owned by Each Reporting Person With:

5	Sole Voting Power 0.00
6	Shared Voting Power 885,690.00
7	Sole Dispositive Power 0.00
8	Shared Dispositive Power 889,973.00

9

Aggregate Amount Beneficially Owned by Each Reporting Person

889,973.00

10

Check box if the aggregate amount in row (9) excludes certain shares (See Instructions)

11

Percent of class represented by amount in row (9)

6.9 %

12

Type of Reporting Person (See Instructions)

HC, CO

SCHEDULE 13G

CUSIP Number(s): 254423106

1

Names of Reporting Persons

Morgan Stanley Capital Services LLC

2

Check the appropriate box if a member of a Group (see instructions)

(a)
(b)

3

Sec Use Only

4

Citizenship or Place of Organization

DELAWARE

Number of Shares Beneficially Owned by Each Reporting Person With:

5	Sole Voting Power 0.00
6	Shared Voting Power 834,781.00
7	Sole Dispositive Power 0.00
8	Shared Dispositive Power 834,781.00

9

Aggregate Amount Beneficially Owned by Each Reporting Person

834,781.00

10

Check box if the aggregate amount in row (9) excludes certain shares (See Instructions)

11

Percent of class represented by amount in row (9)

6.4 %

12

Type of Reporting Person (See Instructions)

BD, CO

SCHEDULE 13G

Item 1.
(a)	Name of issuer: Dine Brands Global, Inc.
(b)	Address of issuer's principal executive offices: 10 WEST WALNUT STREET, 5TH FLOOR, PASADENA, CA, 91103
Item 2.
(a)	Name of person filing: 1: Morgan Stanley 2: Morgan Stanley Capital Services LLC
(b)	Address or principal business office or, if none, residence: 1: 1585 Broadway, New York, NY 10036 ;2: 1585 Broadway, New York, NY 10036
(c)	Citizenship: 1: Delaware 2: Delaware
(d)	Title of class of securities: Common Stock
(e)	CUSIP No.: 254423106
Item 3.	If this statement is filed pursuant to §§ 240.13d-1(b) or 240.13d-2(b) or (c), check whether the person filing is a:
(a)	Broker or dealer registered under section 15 of the Act (15 U.S.C. 78o);
(b)	Bank as defined in section 3(a)(6) of the Act (15 U.S.C. 78c);
(c)	Insurance company as defined in section 3(a)(19) of the Act (15 U.S.C. 78c);
(d)	Investment company registered under section 8 of the Investment Company Act of 1940 (15 U.S.C. 80a-8);
(e)	An investment adviser in accordance with § 240.13d-1(b)(1)(ii)(E);
(f)	An employee benefit plan or endowment fund in accordance with § 240.13d-1(b)(1)(ii)(F);
(g)	A parent holding company or control person in accordance with § 240.13d-1(b)(1)(ii)(G);
(h)	A savings associations as defined in Section 3(b) of the Federal Deposit Insurance Act (12 U.S.C. 1813);
(i)	A church plan that is excluded from the definition of an investment company under section 3(c)(14) of the Investment Company Act of 1940 (15 U.S.C. 80a-3);
(j)	A non-U.S. institution in accordance with § 240.13d-1(b)(1)(ii)(J). If filing as a non-U.S. institution in accordance with § 240.13d-1(b)(1)(ii)(J), please specify the type of institution:
(k)	Group, in accordance with Rule 240.13d-1(b)(1)(ii)(K).
Item 4.	Ownership
(a)	Amount beneficially owned: See the response(s) to Item 9 on the attached cover page(s).
(b)	Percent of class: 6.9 %
(c)	Number of shares as to which the person has:
	(i) Sole power to vote or to direct the vote: See the response(s) to Item 5 on the attached cover page(s).
	(ii) Shared power to vote or to direct the vote: See the response(s) to Item 6 on the attached cover page(s).
	(iii) Sole power to dispose or to direct the disposition of: See the response(s) to Item 7 on the attached cover page(s).
	(iv) Shared power to dispose or to direct the disposition of: See the response(s) to Item 8 on the attached cover page(s).
Item 5.	Ownership of 5 Percent or Less of a Class.
	Not Applicable
Item 6.	Ownership of more than 5 Percent on Behalf of Another Person.
	Not Applicable
Item 7.	Identification and Classification of the Subsidiary Which Acquired the Security Being Reported on by the Parent Holding Company or Control Person.
	If a parent holding company has filed this schedule, pursuant to Rule 13d-1(b)(ii)(G), so indicate under Item 3(g) and attach an exhibit stating the identity and the Item 3 classification of the relevant subsidiary. If a parent holding company has filed this schedule pursuant to Rule 13d-1(c) or Rule 13d-1(d), attach an exhibit stating the identification of the relevant subsidiary. See Exhibit 99.2
Item 8.	Identification and Classification of Members of the Group.
	Not Applicable
Item 9.	Notice of Dissolution of Group.
	Not Applicable

Item 10.

Certifications:

By signing below I certify that, to the best of my knowledge and belief, the securities referred to above were acquired and are held in the ordinary course of business and were not acquired and are not held for the purpose of or with the effect of changing or influencing the control of the issuer of the securities and were not acquired and are not held in connection with or as a participant in any transaction having that purpose or effect, other than activities solely in connection with a nomination under ?? 240.14a-11. * In Accordance with the Securities and Exchange Commission Release No. 34-39538 (January 12, 1998) (the "Release"), this filing reflects the securities beneficially owned, or that may be deemed to be beneficially owned, by certain operating units (collectively, the "MS Reporting Units") of Morgan Stanley and its subsidiaries and affiliates (collectively, "MS"). This filing does not reflect securities, if any, beneficially owned by any operating units of MS whose ownership of securities is disaggregated from that of the MS Reporting Units in accordance with the Release.

SIGNATURE

After reasonable inquiry and to the best of my knowledge and belief, I certify that the information set forth in this statement is true, complete and correct.

Morgan Stanley

Signature:	Claire Gordon
Name/Title:	Authorized Signatory, Morgan Stanley
Date:	05/11/2026

Morgan Stanley Capital Services LLC

Signature:	Claire Gordon
Name/Title:	Authorized Signatory, Morgan Stanley Capital Services LLC
Date:	05/11/2026

Exhibit Information

EXHIBIT NO. EXHIBITS ------------------ ------------------------------------ 99.1 Joint Filing Agreement 99.2 Item 7 Information * Attention. Intentional misstatements or omissions of fact constitute federal criminal violations (see 18 U.S.C. 1001).