[144] Morgan Stanley Direct Lending Fund SEC Filing

Rhea-AI Filing Summary

Form 144 notice for proposed sale of common stock. The filing reports an intent to sell 48,599 shares of common stock through Morgan Stanley Smith Barney LLC with an aggregate market value of $811,554.70. The filer acquired these shares on 02/05/2020 in a private acquisition from the issuer as payment for services rendered. The issuer has 86,835,012 shares outstanding. The approximate sale date is listed as 09/29/2025, and the securities exchange is the NYSE. The filer indicates there were no securities sold by the person in the past three months and includes the standard representation that they are not aware of undisclosed material adverse information about the issuer.

Positive

• Complete transaction details provided: class, share count, acquisition date, broker, approximate sale date, and aggregate market value are all stated
• No sales in prior three months: the filing explicitly reports "Nothing to Report" for securities sold during the past three months
• Acquisition provenance disclosed: shares were acquired from the issuer on 02/05/2020 as payment for services rendered

Negative

• None.

Insights

Securities Compliance Analyst

TL;DR: Routine Form 144 disclosure of insider sale intent; details include share count, acquisition date, broker, and sale date.

The filing is a standard Rule 144 notice providing required details: class of security, number of shares to be sold (48,599), acquisition method (private acquisition from issuer on 02/05/2020 as services rendered), broker (Morgan Stanley Smith Barney LLC), approximate sale date (09/29/2025), and aggregate market value ($811,554.70). It also states no sales by the person in the prior three months and affirms no undisclosed material adverse information. From a compliance perspective, the notice contains the core fields necessary for a Form 144 filing.

Equity Markets Analyst

TL;DR: The proposed sale size is disclosed but represents a small fraction of outstanding shares; filing itself is neutral.

The notice quantifies the position and timing clearly: 48,599 shares against 86,835,012 outstanding and $811,554.70 aggregate value. The disclosure enables market participants to assess potential supply, but the filing alone does not provide information on intent beyond the mechanics of the sale. No recent sales in the prior three months are reported, which is relevant for aggregation under Rule 144.

Form 144 Filer Information	UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 Form 144 NOTICE OF PROPOSED SALE OF SECURITIES PURSUANT TO RULE 144 UNDER THE SECURITIES ACT OF 1933
FORM 144

144: Filer Information

Filer CIK
Filer CCC
Is this a LIVE or TEST Filing?	LIVE TEST
Submission Contact Information
Name
Phone
E-Mail Address

144: Issuer Information

Name of Issuer

SEC File Number

Address of Issuer

Phone

Name of Person for Whose Account the Securities are To Be Sold

See the definition of "person" in paragraph (a) of Rule 144. Information is to be given not only as to the person for whose account the securities are to be sold but also as to all other persons included in that definition. In addition, information shall be given as to sales by all persons whose sales are required by paragraph (e) of Rule 144 to be aggregated with sales for the account of the person filing this notice.

Relationship to Issuer

144: Securities Information

Title of the Class of Securities To Be Sold	Name and Address of the Broker	Number of Shares or Other Units To Be Sold	Aggregate Market Value	Number of Shares or Other Units Outstanding	Approximate Date of Sale	Name the Securities Exchange
Common	Morgan Stanley Smith Barney LLC Executive Financial Services 1 New York Plaza 8th Floor New York NY 10004	48599	811554.70	86835012	09/29/2025	NYSE

Furnish the following information with respect to the acquisition of the securities to be sold and with respect to the payment of all or any part of the purchase price or other consideration therefor:

144: Securities To Be Sold

Title of the Class	Date you Acquired	Nature of Acquisition Transaction	Name of Person from Whom Acquired	Is this a Gift?	Date Donor Acquired	Amount of Securities Acquired	Date of Payment	Nature of Payment *
Common	02/05/2020	Private Acquisition from Issuer/Affiliate	Issuer			48599	02/05/2020	Services Rendered

* If the securities were purchased and full payment therefor was not made in cash at the time of purchase, explain in the table or in a note thereto the nature of the consideration given. If the consideration consisted of any note or other obligation, or if payment was made in installments describe the arrangement and state when the note or other obligation was discharged in full or the last installment paid.

Furnish the following information as to all securities of the issuer sold during the past 3 months by the person for whose account the securities are to be sold.

144: Securities Sold During The Past 3 Months

Nothing to Report

144: Remarks and Signature

Remarks

Date of Notice

ATTENTION:

The person for whose account the securities to which this notice relates are to be sold hereby represents by signing this notice that he does not know any material adverse information in regard to the current and prospective operations of the Issuer of the securities to be sold which has not been publicly disclosed. If such person has adopted a written trading plan or given trading instructions to satisfy Rule 10b5-1 under the Exchange Act, by signing the form and indicating the date that the plan was adopted or the instruction given, that person makes such representation as of the plan adoption or instruction date.

Signature

ATTENTION: Intentional misstatements or omission of facts constitute Federal Criminal Violations (See 18 U.S.C. 1001)

FAQ

What does the Form 144 filed for MSDL disclose?

The filing discloses an intent to sell 48,599 common shares with aggregate market value $811,554.70 via Morgan Stanley Smith Barney LLC on or about 09/29/2025.

How and when were the shares being sold acquired?

The shares were acquired on 02/05/2020 in a private acquisition from the issuer and received as payment for services rendered.

How many shares does the issuer have outstanding according to the filing?

The filing reports 86,835,012 shares outstanding.

Did the filer report any securities sold in the past three months?

No. The filing states "Nothing to Report" for securities sold during the past three months by the person for whose account the securities are to be sold.

Which broker is handling the proposed sale?

The broker named is Morgan Stanley Smith Barney LLC, Executive Financial Services, 1 New York Plaza, 8th Floor, New York, NY 10004.