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Morgan Stanley (NYSE: MS) legal chief sells 11,118 company shares

Filing Impact
(Very High)
Filing Sentiment
(Negative)
Form Type
4

Rhea-AI Filing Summary

Morgan Stanley Chief Legal/Admin Officer Eric F. Grossman reported selling 11,118 shares of Common Stock in open-market transactions. The sales occurred on April 20, 2026 in two equal blocks of 5,559 shares at prices of $191.50 and $190.00 per share. After these trades, he continues to hold well over 160,000 Morgan Stanley shares directly, indicating the transactions represent a relatively small portion of his overall stake.

Positive

  • None.

Negative

  • None.

Insights

Routine open-market sale of 11,118 Morgan Stanley shares by a senior executive, with a large stake retained.

Eric F. Grossman, Morgan Stanley’s Chief Legal/Admin Officer, executed two open-market sales of Common Stock on April 20, 2026, each for 5,559 shares at prices of $191.50 and $190.00 per share. The Form 4 characterizes both as standard open-market transactions.

Combined, the sales total 11,118 shares, while he retains a direct holding that remains well above 160,000 shares. This scale suggests a partial liquidity event rather than a wholesale exit. The filing shows no derivative exercises, gifts, or tax-withholding entries, so the activity is purely discretionary selling rather than compensation mechanics.

The absence of footnotes about trading plans or indirect ownership implies straightforward personal transactions. Future company filings may provide additional context if his trading pattern changes materially, but based on this single report, the activity appears routine relative to his remaining equity position.

Insider GROSSMAN ERIC F
Role Chief Legal/Admin Officer
Sold 11,118 shs ($2.12M)
Type Security Shares Price Value
Sale Common Stock 5,559 $190.00 $1.06M
Sale Common Stock 5,559 $191.50 $1.06M
Holdings After Transaction: Common Stock — 174,961.952 shares (Direct, null)
Footnotes (1)
Shares sold (trade 1) 5,559 shares Common Stock sold at $191.50 on April 20, 2026
Price per share (trade 1) $191.50/share Open-market sale of Morgan Stanley Common Stock
Shares sold (trade 2) 5,559 shares Common Stock sold at $190.00 on April 20, 2026
Price per share (trade 2) $190.00/share Second open-market sale of Common Stock
Total shares sold 11,118 shares Combined open-market sales reported in this Form 4
open-market sale financial
"transaction_action": "open-market sale""
An open-market sale is when a shareholder sells existing shares directly on a public exchange to any willing buyer, rather than through a private deal. Think of it like putting goods on a busy market stall where price is set by supply and demand; for investors it matters because such sales increase available supply, can put short-term downward pressure on the stock price, and signal changes in liquidity or investor confidence.
Common Stock financial
""security_title": "Common Stock""
Common stock represents ownership shares in a company, giving investors a stake in its success and a say in important decisions through voting rights. It is the most common type of stock traded on markets and can provide income through dividends, as well as potential for value growth. For investors, holding common stock means sharing in the company’s profits and risks.
Form 4 regulatory
"INSIDER FILING DATA (Form 4)"
Form 4 is a official document that company insiders, such as executives or major shareholders, file with regulators whenever they buy or sell company shares. It provides transparency about how those with inside knowledge are trading, helping investors see if insiders are confident in the company's prospects or may be selling for personal reasons. This information can influence investor decisions by revealing insiders' perspectives on the company's value.
Form 4 Insider Transactions: What Each Field Means →
SEC Form 4
FORM 4UNITED 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*
GROSSMAN ERIC F
(Last)(First)(Middle)
C/O MORGAN STANLEY
1585 BROADWAY
(Street)
NEW YORK NEW YORK 10036
(City)(State)(Zip)
UNITED STATES
(Country)		2. Issuer Name and Ticker or Trading Symbol
MORGAN STANLEY [ MS ] 		5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
Director10% Owner
XOfficer (give title below)Other (specify below)
Chief Legal/Admin Officer
2a. Foreign Trading Symbol
3. Date of Earliest Transaction (Month/Day/Year)
04/20/2026		6. Individual or Joint/Group Filing (Check Applicable Line)
XForm filed by One Reporting Person
Form filed by More than One Reporting Person
4. If Amendment, Date of Original Filed (Month/Day/Year)

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)
CodeVAmount(A) or (D)Price
Common Stock04/20/2026S5,559D$190174,961.952D
Common Stock04/20/2026S5,559D$191.5169,402.952D
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)
CodeV(A)(D)Date ExercisableExpiration DateTitleAmount or Number of Shares
Explanation of Responses:
Remarks:
/s/ Martin M. Cohen, Attorney-in-Fact04/20/2026
** Signature of Reporting PersonDate
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.
* Form 4: SEC 1474 (03-26)

Source: View Original Filing on SEC EDGAR

FAQ

What insider transaction did Morgan Stanley (MS) report for Eric F. Grossman?

Morgan Stanley reported that Chief Legal/Admin Officer Eric F. Grossman sold 11,118 shares of Common Stock. The Form 4 shows two open-market sales of 5,559 shares each on April 20, 2026, at prices of $191.50 and $190.00 per share.

At what prices did Eric F. Grossman sell Morgan Stanley (MS) shares?

Eric F. Grossman sold Morgan Stanley Common Stock at $191.50 and $190.00 per share. Each transaction covered 5,559 shares in open-market sales, as disclosed in the Form 4 filed for April 20, 2026 transactions.

How many Morgan Stanley (MS) shares did Eric F. Grossman sell in total?

Eric F. Grossman sold a total of 11,118 Morgan Stanley Common Stock shares. This total comes from two separate open-market transactions of 5,559 shares each, both executed on April 20, 2026 according to the Form 4 filing.

Does Eric F. Grossman still hold Morgan Stanley (MS) shares after the sale?

Yes, Eric F. Grossman still holds a substantial Morgan Stanley stake after selling 11,118 shares. The Form 4 indicates he continues to directly own well over 160,000 shares, so the reported transactions represent only a fraction of his total holdings.

Were there any option exercises or derivative transactions in this Morgan Stanley (MS) Form 4?

No, the Form 4 shows only non-derivative open-market sales of Common Stock by Eric F. Grossman. The derivativeSummary and exercise-related fields are empty, indicating no option exercises, conversions, or other derivative transactions related to this filing.

What role does Eric F. Grossman hold at Morgan Stanley (MS) in this Form 4?

In this Form 4, Eric F. Grossman is identified as Morgan Stanley’s Chief Legal/Admin Officer. The reported open-market sales of Common Stock reflect personal transactions in his capacity as an executive, rather than trades by an outside shareholder or investment entity.