Morgan Stanley (MS) tech & operations head sells 20,000 shares at $184.55

Rhea-AI Filing Summary

Morgan Stanley Head of Technology & Operations Michael A. Pizzi reported a sale of Morgan Stanley common stock. On January 20, 2026, he sold 20,000 shares of common stock at a price of $184.55 per share, according to the Form 4 filing. After this transaction, he beneficially owned 127,872.293 shares of Morgan Stanley common stock, held in direct ownership. The filing reflects this as a non-derivative transaction coded as a sale and shows no derivative securities activity.

Insider Trade Summary

Net Seller: 20,000 shares

Net Sell 1 txn

Insider Pizzi Michael A.

Role Head Technology & Operations

Sold 20,000 shs ($3.69M)

Type	Security	Shares	Price	Value
Sale	Common Stock	20,000	$184.55	$3.69M

Holdings After Transaction: Common Stock — 127,872.293 shares (Direct)

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Form 4 Insider Transactions: What Each Field Means →

Accepted by SEC EDGAR 01/22/2026 - 04:14 PM Learn about SEC filing dates

FAQ

What insider transaction did Morgan Stanley (MS) report for Michael A. Pizzi?

The filing reports that Michael A. Pizzi, Head of Technology & Operations at Morgan Stanley, sold 20,000 shares of Morgan Stanley common stock in a non-derivative transaction.

On what date did Michael A. Pizzi sell Morgan Stanley (MS) shares and at what price?

The sale occurred on January 20, 2026, and the 20,000 shares of Morgan Stanley common stock were sold at a price of $184.55 per share.

How many Morgan Stanley (MS) shares does Michael A. Pizzi own after the reported sale?

Following the reported transaction, Michael A. Pizzi beneficially owned 127,872.293 shares of Morgan Stanley common stock, listed as direct ownership.

What is Michael A. Pizzi’s role at Morgan Stanley (MS) as shown in the Form 4?

The Form 4 lists Michael A. Pizzi as an officer of Morgan Stanley, with the title Head Technology & Operations. He is not identified as a director or 10% owner.

Does the Form 4 for Michael A. Pizzi include any derivative securities for Morgan Stanley (MS)?

No. The Form 4 includes a completed Table I for non-derivative common stock but shows no transactions in Table II, meaning no derivative securities activity is reported.

Is Michael A. Pizzi’s Morgan Stanley (MS) share ownership direct or indirect after the sale?

The Form 4 indicates his 127,872.293 shares of Morgan Stanley common stock are held with direct (D) ownership, with no nature of indirect ownership specified.

SEC Form 4

FORM 4

UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934
or Section 30(h) of the Investment Company Act of 1940

OMB APPROVAL

OMB Number:			3235-0287
Estimated average burden
hours per response:			0.5

Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).

Check this box to indicate that a transaction was made pursuant to a contract, instruction or written plan for the purchase or sale of equity securities of the issuer that is intended to satisfy the affirmative defense conditions of Rule 10b5-1(c). See Instruction 10.

1. Name and Address of Reporting Person^*

Pizzi Michael A.

(Last) (First) (Middle)

C/O MORGAN STANLEY

1585 BROADWAY

(Street)

NEW YORK NY 10036

(City) (State) (Zip)

2. Issuer Name and Ticker or Trading Symbol
MORGAN STANLEY [ MS ]

5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)

	Director		10% Owner
X	Officer (give title below)		Other (specify below)
	Head Technology & Operations

3. Date of Earliest Transaction (Month/Day/Year)
01/20/2026

4. If Amendment, Date of Original Filed (Month/Day/Year)

6. Individual or Joint/Group Filing (Check Applicable Line)

X	Form filed by One Reporting Person
	Form filed by More than One Reporting Person

Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1. Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	3. Transaction Code (Instr. 8)		4. Securities Acquired (A) or Disposed Of (D) (Instr. 3, 4 and 5)			5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4)	6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)
			Code	V	Amount	(A) or (D)	Price
Common Stock	01/20/2026		S		20,000	D	$184.55	127,872.293	D

Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 3)	2. Conversion or Exercise Price of Derivative Security	3. Transaction Date (Month/Day/Year)	3A. Deemed Execution Date, if any (Month/Day/Year)	4. Transaction Code (Instr. 8)		5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5)		6. Date Exercisable and Expiration Date (Month/Day/Year)		7. Title and Amount of Securities Underlying Derivative Security (Instr. 3 and 4)		8. Price of Derivative Security (Instr. 5)	9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4)	10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)
				Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares

Explanation of Responses:

Remarks:

	/s/ Martin M. Cohen, Attorney-in-Fact	01/22/2026
	** Signature of Reporting Person	Date
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* If the form is filed by more than one reporting person, see Instruction 4 (b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB Number.