Insider trade

Officer sold ~$267K of MS shares in the open market

Traded Apr 16, 2026 · Filed Apr 17, 2026

Morgan StanleyMS

~$267K
Reported value · 1,400 sh @ $190.4439: 286K
Holds after · shares reported: +0.4%
stock since the trade · S&P 500 +8.9%, $187.32 → $188.01 on Oct 1

Why it stands out

Morgan Stanley's Co-President sold $267K 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: Apr 16, 2026
Reporting period: Not applicable
Filed with the SEC: Apr 17, 2026

Officer$100K–$500K

Context

Classification

open market sale

Code S — open-market or private sale

Absolute commitment

~$266,621

Shares × reported transaction price

Timing vs results

1 day after results of Apr 15, 2026, 90 days before results of Jul 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 $187.32 on Apr 16, 2026, within 3% of its 52-week high, after a 12% rise over the previous 30 trading days

52-week range $106.30 (Apr 21, 2025) to $191.62 (Apr 15, 2026), 95% of the way up, from 250 adjusted closes. 30 trading days earlier: $167.58 on Mar 4, 2026. 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, 42 days before 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	-0.3%	+0.9%	-1.2%
30 days	+3.7%	+4.6%	-0.9%
90 days	+10.6%	+4.7%	+5.9%

Past results only. Not a forecast.

Source receipt

Record ID: 0001628280-26-025791
Filed / recorded: Apr 17, 2026, 8:38 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: Apr 16, 2026
Transaction code: S
Shares / units: 1,400
Price per share: $190.4439
Acquired / disposed: Disposed (D)
Shares owned after: 285,932.385
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 $189.77 to $190.76, 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.