Morgan Stanley (MS) Chief Client Officer sells 16,129 shares and gifts 1,053

Filing Impact

(Very High)

Filing Sentiment

(Negative)

Form Type

Rhea-AI Filing Summary

Morgan Stanley Chief Client Officer Mandell Crawley reported multiple transactions in Morgan Stanley Common Stock. On April 16, 2026, he completed open-market sales totaling 16,129 shares at weighted average prices around $187–$189 per share, executed across several price ranges.

In a separate transaction the same day, Crawley made a bona fide gift of 1,053 shares of Common Stock. Following these sales and the gift, he directly holds 61,475.888 shares of Morgan Stanley Common Stock, according to the filing.

Insights

Morgan Stanley CCO reports routine share sales and a small stock gift.

Mandell Crawley, Chief Client Officer of Morgan Stanley, executed open-market sales of 16,129 shares of Common Stock on April 16, 2026 at weighted average prices around $187–$189, spread across multiple trades.

The filing also shows a bona fide gift of 1,053 shares of Common Stock. After these transactions, Crawley directly owns 61,475.888 shares. With no derivative exercises or 10b5-1 plan references disclosed here, these appear as straightforward discretionary transactions based on the information provided.

Insider Trade Summary

Net Seller: 16,129 shares ($3,035,755)

Net Sell 4 txns

Insider CRAWLEY MANDELL

Role Chief Client Officer

Sold 16,129 shs ($3.04M)

Type	Security	Shares	Price	Value
Sale	Common Stock	2,546	$187.2516	$477K
Sale	Common Stock	13,283	$188.3835	$2.50M
Sale	Common Stock	300	$189.0467	$57K
Gift	Common Stock	1,053	$0.00	--

Holdings After Transaction: Common Stock — 76,111.888 shares (Direct)

Footnotes (1)

The price reported in Column 4 is a weighted average price. The shares were sold in multiple transactions at prices ranging from $186.89 to $187.84, inclusive. The Reporting Person undertakes to provide to Morgan Stanley, any security holder of Morgan Stanley, or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the range set forth in this footnote. The price reported in Column 4 is a weighted average price. The shares were sold in multiple transactions at prices ranging from $187.89 to $188.88, inclusive. The Reporting Person undertakes to provide to Morgan Stanley, any security holder of Morgan Stanley, or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the range set forth in this footnote. The price reported in Column 4 is a weighted average price. The shares were sold in multiple transactions at prices ranging from $188.89 to $189.30, inclusive. The Reporting Person undertakes to provide to Morgan Stanley, any security holder of Morgan Stanley, or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the range set forth in this footnote.

Key Figures

Shares sold: 16,129 shares First sale weighted average price: $187.2516 per share Second sale weighted average price: $188.3835 per share +3 more

6 metrics

Shares sold 16,129 shares Total Common Stock sold in open market on April 16, 2026

First sale weighted average price $187.2516 per share 2,546-share sale on April 16, 2026

Second sale weighted average price $188.3835 per share 13,283-share sale on April 16, 2026

Third sale weighted average price $189.0467 per share 300-share sale on April 16, 2026

Shares gifted 1,053 shares Bona fide gift of Common Stock on April 16, 2026

Shares owned after transactions 61,475.888 shares Direct Common Stock holdings following April 16, 2026 activity

Key Terms

open-market sale, bona fide gift, weighted average price, Common Stock, +1 more

5 terms

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.

bona fide gift financial

"transaction_action": "gift transfer" ... "transaction_code_description": "Bona fide gift""

weighted average price financial

"The price reported in Column 4 is a weighted average price."

Weighted average price is the average price of a security where each trade or component is counted according to its size, so bigger trades pull the average more than smaller ones. Think of it like calculating the average cost of a grocery haul where items you bought more of have greater influence on the final per-item cost. Investors use it to understand the true average price paid or received, judge execution quality, and compare trading performance against market movement.

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.

non-derivative financial

"transaction_type": "non-derivative""

Form 4 Insider Transactions: What Each Field Means →

04/17/2026 - 04:36 PM

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^*

CRAWLEY MANDELL

(Last)

(First)

(Middle)

C/O MORGAN STANLEY

1585 BROADWAY

(Street)

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)

	Director	10% Owner
X	Officer (give title below)	Other (specify below)
	Chief Client Officer

2a. Foreign Trading Symbol

3. Date of Earliest Transaction (Month/Day/Year)
04/16/2026

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

X	Form 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)
1. Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	Code	V	Amount	(A) or (D)	Price		6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)
Common Stock	04/16/2026		S		2,546	D	$187.2516⁽¹⁾	76,111.888	D
Common Stock	04/16/2026		S		13,283	D	$188.3835⁽²⁾	62,828.888	D
Common Stock	04/16/2026		S		300	D	$189.0467⁽³⁾	62,528.888	D
Common Stock	04/16/2026		G		1,053	D	$0	61,475.888	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)
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)	Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares	8. Price of Derivative Security (Instr. 5)		10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)

Explanation of Responses:

1. The price reported in Column 4 is a weighted average price. The shares were sold in multiple transactions at prices ranging from $186.89 to $187.84, inclusive. The Reporting Person undertakes to provide to Morgan Stanley, any security holder of Morgan Stanley, or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the range set forth in this footnote.

2. The price reported in Column 4 is a weighted average price. The shares were sold in multiple transactions at prices ranging from $187.89 to $188.88, inclusive. The Reporting Person undertakes to provide to Morgan Stanley, any security holder of Morgan Stanley, or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the range set forth in this footnote.

3. The price reported in Column 4 is a weighted average price. The shares were sold in multiple transactions at prices ranging from $188.89 to $189.30, inclusive. The Reporting Person undertakes to provide to Morgan Stanley, any security holder of Morgan Stanley, or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the range set forth in this footnote.

Remarks:

	/s/ Martin M. Cohen, Attorney-in-Fact	04/17/2026
	** 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.
* Form 4: SEC 1474 (03-26)

Source: View Original Filing on SEC EDGAR

FAQ

What insider transactions did Morgan Stanley (MS) Chief Client Officer Mandell Crawley report?

Mandell Crawley reported open-market sales of 16,129 shares of Morgan Stanley Common Stock and a bona fide gift of 1,053 shares, all dated April 16, 2026. These transactions changed his direct holdings but did not involve any derivative exercises.

How many Morgan Stanley (MS) shares did Mandell Crawley sell and at what prices?

Mandell Crawley sold a total of 16,129 shares of Morgan Stanley Common Stock in open-market transactions. The weighted average prices ranged roughly between $186.89 and $189.30 per share, with trades executed across several price intervals as detailed in the filing footnotes.

How many Morgan Stanley (MS) shares does Mandell Crawley own after these transactions?

Following the reported sales and gift, Mandell Crawley directly holds 61,475.888 shares of Morgan Stanley Common Stock. This figure reflects his remaining direct ownership as of the April 16, 2026 transactions disclosed in the Form 4 filing.

Did Mandell Crawley exercise any options or derivatives in this Morgan Stanley (MS) Form 4?

The Form 4 shows no derivative transactions for Mandell Crawley. All reported activity involves non-derivative Common Stock, consisting of open-market sales and a bona fide gift, with the derivative summary section indicating zero remaining derivative positions in this filing.

What does the bona fide gift in Mandell Crawley’s Morgan Stanley (MS) filing mean?

The bona fide gift represents a transfer of 1,053 shares of Morgan Stanley Common Stock without consideration. It is coded as a gift rather than a sale, indicating a non-market disposition that does not reflect a trading decision in the open market.

Were Mandell Crawley’s Morgan Stanley (MS) stock sales executed in a single trade or multiple trades?

The reported stock sales were executed as multiple trades at different prices, with weighted average prices disclosed. Footnotes state the shares were sold in numerous transactions within specified price ranges, and full trade-by-trade details are available upon request from the reporting person.