STOCK TITAN

[FWP] Morgan Stanley Free Writing Prospectus

Filing Impact
(Low)
Filing Sentiment
(Neutral)
Form Type
FWP
Rhea-AI Filing Summary

Clear Secure, Inc. (NYSE: YOU) filed a Form 144 indicating a proposed insider sale of 3,000 Class A shares valued at roughly $83,250. The shares, representing less than 0.01 % of the company’s 92.27 million shares outstanding, were originally acquired through restricted-stock vesting on 30 June 2021 and are slated to be sold through Fidelity Brokerage on or about 1 July 2025. No other sales by the filer have occurred in the past three months. Form 144 is a notice only—execution is not guaranteed—and the signer affirms no undisclosed material information. Given the de-minimis size, the transaction is unlikely to have a material impact on share price or corporate governance.

Clear Secure, Inc. (NYSE: YOU) ha presentato un Modulo 144 che segnala una proposta di vendita da parte di un insider di 3.000 azioni di Classe A del valore di circa 83.250 $. Le azioni, che rappresentano meno dello 0,01 % delle 92,27 milioni di azioni in circolazione della società, sono state originariamente acquisite tramite l'acquisizione vincolata di azioni ristrette il 30 giugno 2021 e sono previste per la vendita tramite Fidelity Brokerage intorno al 1° luglio 2025. Negli ultimi tre mesi non si sono verificate altre vendite da parte del dichiarante. Il Modulo 144 è solo una notifica—l'esecuzione non è garantita—e il firmatario conferma di non possedere informazioni materiali non divulgate. Considerata la dimensione minima, la transazione difficilmente avrà un impatto significativo sul prezzo delle azioni o sulla governance aziendale.

Clear Secure, Inc. (NYSE: YOU) presentó un Formulario 144 indicando una propuesta de venta interna de 3.000 acciones Clase A valoradas en aproximadamente 83.250 $. Las acciones, que representan menos del 0,01 % de las 92,27 millones de acciones en circulación de la compañía, fueron adquiridas originalmente mediante la consolidación de acciones restringidas el 30 de junio de 2021 y están programadas para ser vendidas a través de Fidelity Brokerage alrededor del 1 de julio de 2025. No se han producido otras ventas por parte del declarante en los últimos tres meses. El Formulario 144 es solo una notificación—la ejecución no está garantizada—y el firmante afirma no poseer información material no divulgada. Dado el tamaño mínimo, es poco probable que la transacción tenga un impacto material en el precio de las acciones o en la gobernanza corporativa.

Clear Secure, Inc. (NYSE: YOU)는 내부자 매도 예정인 3,000주 클래스 A 주식에 대해 약 83,250달러 상당의 Form 144를 제출했습니다. 이 주식은 회사의 9,227만 주 발행 주식 중 0.01% 미만에 해당하며, 2021년 6월 30일 제한 주식 취득을 통해 원래 취득되었고, 2025년 7월 1일경 Fidelity Brokerage를 통해 매각될 예정입니다. 제출자는 지난 3개월간 다른 매도 기록이 없습니다. Form 144는 단순 통지서로 실행이 보장되지 않으며, 서명자는 미공개 중요 정보를 보유하지 않음을 확인합니다. 거래 규모가 미미하여 주가나 기업 지배구조에 실질적인 영향을 미칠 가능성은 낮습니다.

Clear Secure, Inc. (NYSE : YOU) a déposé un Formulaire 144 indiquant une vente interne proposée de 3 000 actions de Classe A d'une valeur d'environ 83 250 $. Ces actions, représentant moins de 0,01 % des 92,27 millions d'actions en circulation de la société, ont été initialement acquises par acquisition de stock restreint le 30 juin 2021 et devraient être vendues via Fidelity Brokerage aux alentours du 1er juillet 2025. Aucun autre vente par le déclarant n’a eu lieu au cours des trois derniers mois. Le formulaire 144 est une simple notification – son exécution n’est pas garantie – et le signataire affirme ne détenir aucune information matérielle non divulguée. Étant donné la taille négligeable, cette transaction est peu susceptible d’avoir un impact significatif sur le cours de l’action ou la gouvernance d’entreprise.

Clear Secure, Inc. (NYSE: YOU) hat ein Formular 144 eingereicht, das einen geplanten Insider-Verkauf von 3.000 Class A-Aktien im Wert von etwa 83.250 $ anzeigt. Die Aktien, die weniger als 0,01 % der 92,27 Millionen ausstehenden Aktien des Unternehmens ausmachen, wurden ursprünglich am 30. Juni 2021 durch Restricted-Stock-Vesting erworben und sollen etwa am 1. Juli 2025 über Fidelity Brokerage verkauft werden. In den letzten drei Monaten gab es keine weiteren Verkäufe durch den Melder. Formular 144 ist lediglich eine Mitteilung – die Ausführung ist nicht garantiert – und der Unterzeichner bestätigt, keine nicht offengelegten wesentlichen Informationen zu besitzen. Aufgrund der minimalen Größe wird die Transaktion wahrscheinlich keinen wesentlichen Einfluss auf den Aktienkurs oder die Unternehmensführung haben.

Positive
  • None.
Negative
  • None.

Insights

TL;DR: Minor Form 144 for 3k YOU shares; immaterial to float, neutral signal.

The filing discloses an intent by an insider to sell 3,000 Class A shares, worth about $83k, or roughly 0.003 % of shares outstanding. Because the amount is trivial relative to daily trading volume and overall float, it should not create meaningful selling pressure. The shares stem from normal compensation vesting and there have been no related sales in the prior quarter. Investors typically watch insider activity for sentiment clues, yet the scale here offers little informational value. I therefore view the filing as neutral with negligible valuation or liquidity impact.

Clear Secure, Inc. (NYSE: YOU) ha presentato un Modulo 144 che segnala una proposta di vendita da parte di un insider di 3.000 azioni di Classe A del valore di circa 83.250 $. Le azioni, che rappresentano meno dello 0,01 % delle 92,27 milioni di azioni in circolazione della società, sono state originariamente acquisite tramite l'acquisizione vincolata di azioni ristrette il 30 giugno 2021 e sono previste per la vendita tramite Fidelity Brokerage intorno al 1° luglio 2025. Negli ultimi tre mesi non si sono verificate altre vendite da parte del dichiarante. Il Modulo 144 è solo una notifica—l'esecuzione non è garantita—e il firmatario conferma di non possedere informazioni materiali non divulgate. Considerata la dimensione minima, la transazione difficilmente avrà un impatto significativo sul prezzo delle azioni o sulla governance aziendale.

Clear Secure, Inc. (NYSE: YOU) presentó un Formulario 144 indicando una propuesta de venta interna de 3.000 acciones Clase A valoradas en aproximadamente 83.250 $. Las acciones, que representan menos del 0,01 % de las 92,27 millones de acciones en circulación de la compañía, fueron adquiridas originalmente mediante la consolidación de acciones restringidas el 30 de junio de 2021 y están programadas para ser vendidas a través de Fidelity Brokerage alrededor del 1 de julio de 2025. No se han producido otras ventas por parte del declarante en los últimos tres meses. El Formulario 144 es solo una notificación—la ejecución no está garantizada—y el firmante afirma no poseer información material no divulgada. Dado el tamaño mínimo, es poco probable que la transacción tenga un impacto material en el precio de las acciones o en la gobernanza corporativa.

Clear Secure, Inc. (NYSE: YOU)는 내부자 매도 예정인 3,000주 클래스 A 주식에 대해 약 83,250달러 상당의 Form 144를 제출했습니다. 이 주식은 회사의 9,227만 주 발행 주식 중 0.01% 미만에 해당하며, 2021년 6월 30일 제한 주식 취득을 통해 원래 취득되었고, 2025년 7월 1일경 Fidelity Brokerage를 통해 매각될 예정입니다. 제출자는 지난 3개월간 다른 매도 기록이 없습니다. Form 144는 단순 통지서로 실행이 보장되지 않으며, 서명자는 미공개 중요 정보를 보유하지 않음을 확인합니다. 거래 규모가 미미하여 주가나 기업 지배구조에 실질적인 영향을 미칠 가능성은 낮습니다.

Clear Secure, Inc. (NYSE : YOU) a déposé un Formulaire 144 indiquant une vente interne proposée de 3 000 actions de Classe A d'une valeur d'environ 83 250 $. Ces actions, représentant moins de 0,01 % des 92,27 millions d'actions en circulation de la société, ont été initialement acquises par acquisition de stock restreint le 30 juin 2021 et devraient être vendues via Fidelity Brokerage aux alentours du 1er juillet 2025. Aucun autre vente par le déclarant n’a eu lieu au cours des trois derniers mois. Le formulaire 144 est une simple notification – son exécution n’est pas garantie – et le signataire affirme ne détenir aucune information matérielle non divulguée. Étant donné la taille négligeable, cette transaction est peu susceptible d’avoir un impact significatif sur le cours de l’action ou la gouvernance d’entreprise.

Clear Secure, Inc. (NYSE: YOU) hat ein Formular 144 eingereicht, das einen geplanten Insider-Verkauf von 3.000 Class A-Aktien im Wert von etwa 83.250 $ anzeigt. Die Aktien, die weniger als 0,01 % der 92,27 Millionen ausstehenden Aktien des Unternehmens ausmachen, wurden ursprünglich am 30. Juni 2021 durch Restricted-Stock-Vesting erworben und sollen etwa am 1. Juli 2025 über Fidelity Brokerage verkauft werden. In den letzten drei Monaten gab es keine weiteren Verkäufe durch den Melder. Formular 144 ist lediglich eine Mitteilung – die Ausführung ist nicht garantiert – und der Unterzeichner bestätigt, keine nicht offengelegten wesentlichen Informationen zu besitzen. Aufgrund der minimalen Größe wird die Transaktion wahrscheinlich keinen wesentlichen Einfluss auf den Aktienkurs oder die Unternehmensführung haben.

Free Writing Prospectus to Preliminary Pricing Supplement No. 9,090

Registration Statement Nos. 333-275587; 333-275587-01

Dated July 1, 2025; Filed pursuant to Rule 433

Morgan Stanley

Worst-of INDU, NDX and SX5E Callable Contingent Income Securities due August 2, 2028

This document provides a summary of the terms of the securities. Investors must carefully review the accompanying preliminary pricing supplement referenced below, product supplement, index supplement and prospectus, and the “Risk Considerations” on the following page, prior to making an investment decision.

Terms

Issuer:

Morgan Stanley Finance LLC

Guarantor:

Morgan Stanley

Underliers:

Dow Jones Industrial AverageSM (INDU), Nasdaq-100 Index® (NDX) and EURO STOXX 50® Index (SX5E)

Call feature:

Quarterly, based on the output of a risk neutral valuation model. See the accompanying preliminary pricing supplement.

Redemption dates:

Beginning after 6 months, quarterly

Contingent coupon:

8.00% to 10.00% per annum

Coupon payment dates:

Quarterly

Coupon barrier level:

75% of the initial level for each underlier

Downside threshold level:

75% of the initial level for each underlier

Pricing date:

July 28, 2025

Final observation date:

July 28, 2028

Maturity date:

August 2, 2028

CUSIP:

61778NCR0

Estimated value:

$940.90 per security, or within $45.00 of that estimate

Preliminary pricing supplement:

https://www.sec.gov/Archives/edgar/data/895421/000183988225035941/ms9090_424b2-19569.htm

1All payments are subject to our credit risk

 

Hypothetical Payment at Maturity1

(if the securities have not been redeemed)

% Change in Closing Level of the Worst Performing Underlier

Payment at Maturity per Security (excluding any contingent coupon payable at maturity)

+100.00%

$1,000.00

+80.00%

$1,000.00

+60.00%

$1,000.00

+40.00%

$1,000.00

+20.00%

$1,000.00

0.00%

$1,000.00

-20.00%

$1,000.00

-25.00%

$1,000.00

-26.00%

$740.00

-40.00%

$600.00

-60.00%

$400.00

-80.00%

$200.00

-100.00%

$0.00

 

 

The issuer has filed a registration statement (including a prospectus) with the SEC for the offering to which this communication relates. Before you invest, you should read the prospectus in that registration statement and other documents the issuer has filed with the SEC for more complete information about the issuer and this offering. You may get these documents for free by visiting EDGAR on the SEC Web site at www.sec.gov. Alternatively, the issuer, any underwriter or any dealer participating in the offering will arrange to send you the prospectus if you request it by calling toll-free 1-800-584-6837.

Underlier(s)

For more information about the underlier(s), including historical performance information, see the accompanying preliminary pricing supplement.

Risk Considerations

The risks set forth below are discussed in more detail in the “Risk Factors” section in the accompanying preliminary pricing supplement. Please review those risk factors carefully prior to making an investment decision.

Risks Relating to an Investment in the Securities

The securities do not guarantee the return of any principal.

The securities do not provide for the regular payment of interest.

Payment of the contingent coupon is based on the closing levels of the underliers on only the related observation date at the end of the related interest period.

Investors will not participate in any appreciation in the value of any underlier.

The securities are subject to early redemption risk.

The market price of the securities may be influenced by many unpredictable factors.

The securities are subject to our credit risk, and any actual or anticipated changes to our credit ratings or credit spreads may adversely affect the market value of the securities.

As a finance subsidiary, MSFL has no independent operations and will have no independent assets.

The rate we are willing to pay for securities of this type, maturity and issuance size is likely to be lower than the rate implied by our secondary market credit spreads and advantageous to us. Both the lower rate and the inclusion of costs associated with issuing, selling, structuring and hedging the securities in the original issue price reduce the economic terms of the securities, cause the estimated value of the securities to be less than the original issue price and will adversely affect secondary market prices.

The estimated value of the securities is determined by reference to our pricing and valuation models, which may differ from those of other dealers and is not a maximum or minimum secondary market price.

The securities will not be listed on any securities exchange and secondary trading may be limited.

As discussed in more detail in the accompanying product supplement, investing in the securities is not equivalent to investing in the underlier(s).

The U.S. federal income tax consequences of an investment in the securities are uncertain.

Risks Relating to the Underlier(s)

Because your return on the securities will depend upon the performance of the underlier(s), the securities are subject to the following risk(s), as discussed in more detail in the accompanying product supplement.

oYou are exposed to the price risk of each underlier.

oBecause the securities are linked to the performance of the worst performing underlier, you are exposed to a greater risk of not receiving a positive return on the securities and/or sustaining a significant loss on your investment than if the securities were linked to just one underlier.

oAdjustments to an underlying index could adversely affect the value of the securities.

oThere are risks associated with investments in securities linked to the value of foreign equity securities.

Risks Relating to Conflicts of Interest

The calculation agent, which is a subsidiary of Morgan Stanley and an affiliate of MSFL, will make determinations with respect to the securities.

Hedging and trading activity by our affiliates could potentially adversely affect the value of the securities.

Tax Considerations

You should review carefully the discussion in the accompanying preliminary pricing supplement under the caption “Additional Information About the Securities–United States federal income tax considerations” concerning the U.S. federal income tax consequences of an investment in the securities, and you should consult your tax adviser.

 

Morgan Stanley

NYSE:MS

MS Rankings

MS Latest News

MS Latest SEC Filings

MS Stock Data

228.66B
1.22B
23.64%
62.12%
0.89%
Capital Markets
Security Brokers, Dealers & Flotation Companies
Link
United States
NEW YORK