Morgan Stanley (NYSE: MS) chief client officer sells 7,860 shares

Q: What insider transaction did Morgan Stanley (MS) report in this Form 4?

The Form 4 shows that Crawley Mandell , Morgan Stanley’s Chief Client Officer , sold a total of 7,860 shares of Morgan Stanley common stock on January 20, 2026 in open-market transactions.

Q: Were any derivative securities reported in this Morgan Stanley (MS) Form 4?

No. The Form 4 only reports transactions in non-derivative Morgan Stanley common stock. The table for derivative securities does not list any positions or trades.

Q: What does the weighted average price disclosure mean in the Morgan Stanley (MS) Form 4?

Each price in Column 4 is a weighted average of multiple trades. The footnotes explain that individual sales occurred within stated price ranges, and Mandell undertakes to provide full detail on the exact share counts and prices upon request.

Filing Impact

(Very High)

Filing Sentiment

(Negative)

Form Type

Rhea-AI Filing Summary

Morgan Stanley’s Chief Client Officer, Crawley Mandell, reported selling a total of 7,860 shares of the company’s common stock on January 20, 2026. The sales were executed in several market transactions, with weighted average prices ranging from about $181.8899 to $185.9396, as detailed in the filing footnotes, which note that each line reflects a weighted average of multiple individual trades within stated price ranges.

After these transactions, Mandell directly owned 68,788.495 shares of Morgan Stanley common stock. All reported positions are non-derivative common stock, and there were no derivative security transactions disclosed in this filing.

Insider Trade Summary

Net Seller: 7,860 shares ($1,441,879)

Net Sell 5 txns

Insider CRAWLEY MANDELL

Role Chief Client Officer

Sold 7,860 shs ($1.44M)

Type	Security	Shares	Price	Value
Sale	Common Stock	3,521	$181.8899	$640K
Sale	Common Stock	400	$182.73	$73K
Sale	Common Stock	1,700	$184.1641	$313K
Sale	Common Stock	1,001	$184.8958	$185K
Sale	Common Stock	1,238	$185.9396	$230K

Holdings After Transaction: Common Stock — 73,127.495 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 $181.45 to $182.44, 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 $182.47 to $182.97, 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 $183.58 to $184.55, 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 $184.58 to $185.54, 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 $185.59 to $186.46, 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.

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Form 4 Insider Transactions: What Each Field Means →

01/22/2026 - 04:12 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)

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

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)
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	01/20/2026		S		3,521	D	$181.8899⁽¹⁾	73,127.495	D
Common Stock	01/20/2026		S		400	D	$182.73⁽²⁾	72,727.495	D
Common Stock	01/20/2026		S		1,700	D	$184.1641⁽³⁾	71,027.495	D
Common Stock	01/20/2026		S		1,001	D	$184.8958⁽⁴⁾	70,026.495	D
Common Stock	01/20/2026		S		1,238	D	$185.9396⁽⁵⁾	68,788.495	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 $181.45 to $182.44, 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 $182.47 to $182.97, 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 $183.58 to $184.55, 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.

4. The price reported in Column 4 is a weighted average price. The shares were sold in multiple transactions at prices ranging from $184.58 to $185.54, 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.

5. The price reported in Column 4 is a weighted average price. The shares were sold in multiple transactions at prices ranging from $185.59 to $186.46, 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	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.

Source: View Original Filing on SEC EDGAR

FAQ

What insider transaction did Morgan Stanley (MS) report in this Form 4?

The Form 4 shows that Crawley Mandell, Morgan Stanley’s Chief Client Officer, sold a total of 7,860 shares of Morgan Stanley common stock on January 20, 2026 in open-market transactions.

At what prices did the Morgan Stanley (MS) executive sell shares?

Mandell’s sales were executed at weighted average prices of $181.8899, $182.73, $184.1641, $184.8958 and $185.9396, each representing multiple trades within specified price ranges.

How many Morgan Stanley (MS) shares does the insider hold after these sales?

Following the reported transactions, Crawley Mandell directly beneficially owned 68,788.495 shares of Morgan Stanley common stock.

Were any derivative securities reported in this Morgan Stanley (MS) Form 4?

No. The Form 4 only reports transactions in non-derivative Morgan Stanley common stock. The table for derivative securities does not list any positions or trades.

What does the weighted average price disclosure mean in the Morgan Stanley (MS) Form 4?

Each price in Column 4 is a weighted average of multiple trades. The footnotes explain that individual sales occurred within stated price ranges, and Mandell undertakes to provide full detail on the exact share counts and prices upon request.