[SCHEDULE 13G/A] SelectQuote, Inc. Amended Passive Investment Disclosure

Rhea-AI Filing Summary

Morgan Stanley reported its beneficial ownership of SelectQuote, Inc. common stock at 4.99% of the class, representing 8,982,943 shares. These shares are held with shared voting power over 8,976,678 shares and shared dispositive power over 8,982,943 shares, with no sole voting or dispositive power.

The filing is an amendment that restates a prior ownership report because Morgan Stanley’s ability to exercise certain one-for-one convertible warrants is limited by a purchase agreement. Morgan Stanley certifies the position is held in the ordinary course of business and not for the purpose of influencing control of SelectQuote.

SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

SCHEDULE 13G

UNDER THE SECURITIES EXCHANGE ACT OF 1934

(Amendment No. 1)

SelectQuote, Inc.

(Name of Issuer)

Common Stock

(Title of Class of Securities)

816307300

(CUSIP Number)

06/30/2025

(Date of Event Which Requires Filing of this Statement)

Check the appropriate box to designate the rule pursuant to which this Schedule is filed:

Rule 13d-1(b)

Rule 13d-1(c)

Rule 13d-1(d)

SCHEDULE 13G

CUSIP No. 816307300

1

Names of Reporting Persons

Morgan Stanley

2

Check the appropriate box if a member of a Group (see instructions)

(a)
(b)

3

Sec Use Only

4

Citizenship or Place of Organization

DELAWARE

Number of Shares Beneficially Owned by Each Reporting Person With:

5	Sole Voting Power 0.00
6	Shared Voting Power 8,976,678.00
7	Sole Dispositive Power 0.00
8	Shared Dispositive Power 8,982,943.00

9

Aggregate Amount Beneficially Owned by Each Reporting Person

8,982,943.00

10

Check box if the aggregate amount in row (9) excludes certain shares (See Instructions)

11

Percent of class represented by amount in row (9)

4.99 %

12

Type of Reporting Person (See Instructions)

HC, CO

Comment for Type of Reporting Person: On August 5, 2025, the Reporting Persons (as defined herein) filed a Schedule 13G reporting their ownership of the Issuer's Common Stock including Warrants convertible into Common Stock on a one-for-one basis. The Reporting Persons' ability to exercise these Warrants is however limited by the Purchase Agreement, as disclosed at https://www.sec.gov/Archives/edgar/data/1794783/000179478325000008/exhibit101forfiling.htm. Therefore, the Reporting Persons are filing this Schedule 13G amendment to restate the original Schedule 13G.

SCHEDULE 13G

Item 1.
(a)	Name of issuer: SelectQuote, Inc.
(b)	Address of issuer's principal executive offices: 6800 WEST 115TH STREET, SUITE 2511, OVERLAND PARK, KS, 66211
Item 2.
(a)	Name of person filing: Morgan Stanley
(b)	Address or principal business office or, if none, residence: 1585 Broadway, New York, NY 10036
(c)	Citizenship: Delaware
(d)	Title of class of securities: Common Stock
(e)	CUSIP No.: 816307300
Item 3.	If this statement is filed pursuant to §§ 240.13d-1(b) or 240.13d-2(b) or (c), check whether the person filing is a:
(a)	Broker or dealer registered under section 15 of the Act (15 U.S.C. 78o);
(b)	Bank as defined in section 3(a)(6) of the Act (15 U.S.C. 78c);
(c)	Insurance company as defined in section 3(a)(19) of the Act (15 U.S.C. 78c);
(d)	Investment company registered under section 8 of the Investment Company Act of 1940 (15 U.S.C. 80a-8);
(e)	An investment adviser in accordance with § 240.13d-1(b)(1)(ii)(E);
(f)	An employee benefit plan or endowment fund in accordance with § 240.13d-1(b)(1)(ii)(F);
(g)	A parent holding company or control person in accordance with § 240.13d-1(b)(1)(ii)(G);
(h)	A savings associations as defined in Section 3(b) of the Federal Deposit Insurance Act (12 U.S.C. 1813);
(i)	A church plan that is excluded from the definition of an investment company under section 3(c)(14) of the Investment Company Act of 1940 (15 U.S.C. 80a-3);
(j)	A non-U.S. institution in accordance with § 240.13d-1(b)(1)(ii)(J). If filing as a non-U.S. institution in accordance with § 240.13d-1(b)(1)(ii)(J), please specify the type of institution:
(k)	Group, in accordance with Rule 240.13d-1(b)(1)(ii)(K).
Item 4.	Ownership
(a)	Amount beneficially owned: See the response(s) to Item 9 on the attached cover page(s).
(b)	Percent of class: 4.99 %
(c)	Number of shares as to which the person has:
	(i) Sole power to vote or to direct the vote: See the response(s) to Item 5 on the attached cover page(s).
	(ii) Shared power to vote or to direct the vote: See the response(s) to Item 6 on the attached cover page(s).
	(iii) Sole power to dispose or to direct the disposition of: See the response(s) to Item 7 on the attached cover page(s).
	(iv) Shared power to dispose or to direct the disposition of: See the response(s) to Item 8 on the attached cover page(s).
Item 5.	Ownership of 5 Percent or Less of a Class.
	Ownership of 5 percent or less of a class
Item 6.	Ownership of more than 5 Percent on Behalf of Another Person.
	Not Applicable
Item 7.	Identification and Classification of the Subsidiary Which Acquired the Security Being Reported on by the Parent Holding Company or Control Person.
	Not Applicable
Item 8.	Identification and Classification of Members of the Group.
	Not Applicable
Item 9.	Notice of Dissolution of Group.
	Not Applicable

Item 10.

Certifications:

By signing below I certify that, to the best of my knowledge and belief, the securities referred to above were acquired and are held in the ordinary course of business and were not acquired and are not held for the purpose of or with the effect of changing or influencing the control of the issuer of the securities and were not acquired and are not held in connection with or as a participant in any transaction having that purpose or effect, other than activities solely in connection with a nomination under ?? 240.14a-11. * In Accordance with the Securities and Exchange Commission Release No. 34-39538 (January 12, 1998) (the "Release"), this filing reflects the securities beneficially owned, or that may be deemed to be beneficially owned, by certain operating units (collectively, the "MS Reporting Units") of Morgan Stanley and its subsidiaries and affiliates (collectively, "MS"). This filing does not reflect securities, if any, beneficially owned by any operating units of MS whose ownership of securities is disaggregated from that of the MS Reporting Units in accordance with the Release.

SIGNATURE

After reasonable inquiry and to the best of my knowledge and belief, I certify that the information set forth in this statement is true, complete and correct.

Morgan Stanley

Signature:	Chris O'Hara
Name/Title:	Authorized Signatory, Morgan Stanley
Date:	02/13/2026

FAQ

What stake does Morgan Stanley report in SelectQuote (SLQT) common stock?

Morgan Stanley reports beneficial ownership of 4.99% of SelectQuote’s common stock. This represents 8,982,943 shares, with shared voting power over 8,976,678 shares and shared dispositive power over 8,982,943 shares, and no sole voting or dispositive authority disclosed in the statement.

Why did Morgan Stanley file this amended Schedule 13G/A for SelectQuote (SLQT)?

Morgan Stanley filed this amendment to restate an earlier ownership report. The change reflects that its ability to exercise certain one-for-one convertible warrants is limited by a purchase agreement, affecting how much SelectQuote common stock can be treated as beneficially owned under the disclosure rules.

Does Morgan Stanley seek to influence control of SelectQuote (SLQT) with this ownership?

Morgan Stanley states the securities were acquired and are held in the ordinary course of business. It certifies they were not acquired and are not held for the purpose or effect of changing or influencing control of SelectQuote, and not in connection with any such transaction.

How is Morgan Stanley’s beneficial ownership in SelectQuote (SLQT) structured?

The filing aggregates securities beneficially owned by certain Morgan Stanley operating units, called the MS Reporting Units. It notes that other Morgan Stanley units whose holdings are disaggregated under SEC guidance are not included, so the Schedule 13G/A reflects only those specific reporting units’ SelectQuote interests.

What type of reporting person is Morgan Stanley in this SelectQuote (SLQT) filing?

Morgan Stanley is classified as a parent holding company or control person. The filing identifies it as organized in Delaware and explains that it reports holdings for specific internal operating units, consistent with SEC Release No. 34-39538 governing disaggregated reporting of large financial institutions’ positions.