Insider trade

Officer sold ~$688K of MS shares in the open market

Traded Jan 20, 2026 · Filed Jan 22, 2026

Morgan StanleyMS

~$688K
Reported value · 3,700 sh @ $185.9112: 281K
Holds after · shares reported: +3.3%
stock since the trade · S&P 500 +12.8%, $182.10 → $188.01 on Oct 1

Why it stands out

Morgan Stanley's Co-President sold $688K of Morgan Stanley shares. Nobody planned it ahead of time.

Written from the filing's own figures. OQRO describes what was reported and never tells you what to buy or sell

View the official recordSEC Form 4 — Statement of Changes in Beneficial Ownership

All the details

Dates, kept separate

Transaction date: Jan 20, 2026
Reporting period: Not applicable
Filed with the SEC: Jan 22, 2026

Officer$500K–$1M

Context

Classification

open market sale

Code S — open-market or private sale

Absolute commitment

~$687,871

Shares × reported transaction price

Timing vs results

5 days after results of Jan 15, 2026, 85 days before results of Apr 15, 2026

Results dates are the company's own 8-K (Item 2.02). Many companies only let insiders trade in a window after results

Price at the time

Closed at $182.10 on Jan 20, 2026, within 5% of its 52-week high, after a 4% rise over the previous 30 trading days

52-week range $99.83 (Apr 4, 2025) to $191.23 (Jan 15, 2026), 90% of the way up, from 251 adjusted closes. 30 trading days earlier: $174.89 on Dec 4, 2025. Describes the past only, not a forecast

Layoff notice nearby

A WARN layoff notice covering 120 workers was filed in New York on March 5, 2026.

From the official state WARN list, 44 days after the trade; 6 more notices by the company within 60 days. Shown for timing only; the two filings are separate

Planned / mechanical clue

None found in footnotes

Only flagged when a footnote says so; never inferred

After it was reported

After	Stock	S&P 500	Difference
7 days	+2.1%	+0.4%	+1.7%
30 days	-6.8%	-1.0%	-5.8%
90 days	+5.4%	+2.8%	+2.6%
180 days	+22.1%	+8.4%	+13.6%

Past results only. Not a forecast.

Source receipt

Record ID: 0001628280-26-003090
Filed / recorded: Jan 22, 2026, 9:15 PM UTC
Added to OQRO: Oct 2, 2026, 3:52 AM UTC
Parser: form4-xml-v1
Data quality: Verified: identifiers matched exactly
Issuer: MORGAN STANLEY
Issuer CIK: 895421
Ticker: MS
Reporting person: Andrew M Saperstein
Relationship: Officer
Officer title: Co-President
Security: Common Stock
Table: Non-derivative (Table I)
Transaction date: Jan 20, 2026
Transaction code: S
Shares / units: 3,700
Price per share: $185.9112
Acquired / disposed: Disposed (D)
Shares owned after: 280,980.994
Ownership form: Direct
Amendment: No

Footnotes from the filing

The price reported in Column 4 is a weighted average price. The shares were sold in multiple transactions at prices ranging from $185.54 to $186.44, 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.