Leadership shifts at Morgan Stanley Bitcoin Trust (MSBT) delegated sponsor

Rhea-AI Filing Summary

Morgan Stanley Bitcoin Trust reported changes to the board of its delegated sponsor, Morgan Stanley Investment Management Inc. Ruairi O’Healai intends to resign as a director effective June 5, 2026, and Tatiana Segal resigned effective May 7, 2026.

To replace them, Kaushik Goswami was appointed as a director of the delegated sponsor on June 9, 2026. Goswami is a Managing Director of the delegated sponsor and has held senior roles across Morgan Stanley’s Fixed Income and financial resources functions, as well as seats on several key internal governance committees.

8-K Event Classification

2 items: 5.02, 8.01

2 items

Item 5.02 Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers Governance

Key personnel changes including departures, elections, or appointments of directors and executive officers.

Item 8.01 Other Events Other

Voluntary disclosure of events the company deems important to shareholders but not covered by other items.

Key Figures

Segal resignation effective date: May 7, 2026 O’Healai resignation effective date: June 5, 2026 Goswami appointment date: June 9, 2026

3 metrics

Segal resignation effective date May 7, 2026 Director resignation from delegated sponsor

O’Healai resignation effective date June 5, 2026 Planned director resignation from delegated sponsor

Goswami appointment date June 9, 2026 Appointment as director of delegated sponsor

Key Terms

Delegated Sponsor, Emerging growth company, Asset Liability Committee, ISG Management Committee, +1 more

5 terms

Delegated Sponsor financial

"Morgan Stanley Investment Management Inc., the delegated sponsor of Morgan Stanley Bitcoin Trust"

Emerging growth company regulatory

"Emerging growth company x"

An emerging growth company is a recently public or smaller public firm that qualifies for temporary, lighter regulatory and disclosure rules to reduce the cost and effort of being public. For investors, it means the company may provide less historical financial detail and face fewer reporting requirements than larger firms, so it can grow more quickly but also carries higher uncertainty—like buying a promising early-stage product with fewer user reviews.

Asset Liability Committee financial

"appointed to several of the Firm’s most senior governance bodies, including the Asset Liability Committee"

ISG Management Committee financial

"including the Asset Liability Committee, the ISG Management Committee, and the US Banks Operating Committee"

US Banks Operating Committee financial

"the ISG Management Committee, and the US Banks Operating Committee"

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Understanding 8-K Material Events →

UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

FORM 8-K

CURRENT REPORT

Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934 

Date of Report (Date of earliest event reported): May 7, 2026

MORGAN STANLEY BITCOIN TRUST

(Exact name of registrant as specified in its charter)

Delaware		001-43211		32-6833090
(State or other jurisdiction   of incorporation)		(Commission   File Number)		(IRS Employer   Identification No.)

1585 Broadway New York, New York		10036
(Address of principal executive offices)		(Zip Code)

(212) 761-4000

(Registrant’s telephone number, including area code)

N/A

(Former name or former address, if changed since last report)

Securities registered pursuant to Section 12(b) of the Exchange Act:

Title of each class		Trading Symbol(s)		Name of each exchange on which registered
Common Shares of Beneficial Interest of Morgan Stanley Bitcoin Trust		MSBT		NYSE Arca, Inc.

Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:

¨ Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)

¨ Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)

¨ Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))

¨ Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§ 230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§ 240.12b-2 of this chapter).

Emerging growth company x

If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ¨

Item 5.02 Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers.

Ruairi O’Healai notified Morgan Stanley Investment Management Inc., the delegated sponsor of Morgan Stanley Bitcoin Trust (the “Delegated Sponsor”), of his intention to resign from his position as a director of the Delegated Sponsor effective June 5, 2026.

In addition, Tatiana Segal notified the Delegated Sponsor of her intention to resign from her position as a director of the Delegated Sponsor effective May 7, 2026.

Item 8.01 Other Events.

On June 9, 2026, Kaushik Goswami was appointed as a director of the Delegated Sponsor. Mr. Goswami’s appointment was made in connection with the resignations of Ruairi O’Healai and Tatiana Segal.

The Delegated Sponsor of the Trust is a wholly-owned subsidiary of Morgan Stanley. Mr. Goswami is a Managing Director of the Delegated Sponsor and, formerly, was the Global Head of Sales & Trading Capital & Funding within the Financial Resources and Strategy Group in Institutional Securities Group (“ISG”) at Morgan Stanley. Since joining Morgan Stanley in 2013 as an Associate in Fixed Income, Mr. Goswami has held a range of leadership positions within the Fixed Income Division Strategists group, being named a Vice President in 2015, Executive Director in 2017, and Managing Director in 2022. Mr. Goswami has also been appointed to several of the Firm’s most senior governance bodies, including the Asset Liability Committee, the ISG Management Committee, and the US Banks Operating Committee. Prior to Morgan Stanley, Mr. Goswami began his career in the Equity Derivatives division at Société Générale in Hong Kong as part of their analyst program. He holds a degree in Aerospace Engineering from IIT Bombay and a Masters in Financial Engineering from UC Berkeley.

SIGNATURES

Pursuant to the requirements of the Securities Exchange Act of 1934, as amended, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.

Dated: June 11, 2026

Morgan Stanley Bitcoin Trust
By:	Morgan Stanley Investment Management Inc., as the Delegated Sponsor of the Trust
By:	/s/ Scott Steel
Name:	Scott Steel*
Title:	Managing Director

* The registrant is a trust and the person is signing in their capacity as an officer of Morgan Stanley Investment Management Inc., the Delegated Sponsor of the registrant.

FAQ

What leadership changes were disclosed for Morgan Stanley Bitcoin Trust (MSBT)?

Morgan Stanley Bitcoin Trust disclosed director changes at its delegated sponsor. Ruairi O’Healai plans to resign effective June 5, 2026, and Tatiana Segal resigned effective May 7, 2026, with Managing Director Kaushik Goswami appointed as a new director on June 9, 2026.

Who is Kaushik Goswami in relation to Morgan Stanley Bitcoin Trust (MSBT)?

Kaushik Goswami was appointed director of the delegated sponsor of Morgan Stanley Bitcoin Trust on June 9, 2026. He is a Managing Director and former Global Head of Sales & Trading Capital & Funding within Morgan Stanley’s Financial Resources and Strategy Group in Institutional Securities Group.

When do the director resignations at the MSBT delegated sponsor take effect?

Tatiana Segal’s resignation as director of the delegated sponsor was effective May 7, 2026. Ruairi O’Healai notified of his intention to resign effective June 5, 2026. These dates define when each director’s service on the delegated sponsor’s board ends.

How is Morgan Stanley related to Morgan Stanley Bitcoin Trust (MSBT)?

The delegated sponsor of Morgan Stanley Bitcoin Trust is Morgan Stanley Investment Management Inc., which is a wholly-owned subsidiary of Morgan Stanley. This structure means overall control ultimately resides within Morgan Stanley while the delegated sponsor handles trust-related management responsibilities.

What experience does Kaushik Goswami bring to the MSBT delegated sponsor board?

Kaushik Goswami brings extensive institutional finance experience. Since joining Morgan Stanley in 2013, he has held leadership roles in Fixed Income Division Strategists and served as Global Head of Sales & Trading Capital & Funding, with appointments to senior governance bodies like the Asset Liability Committee and ISG Management Committee.