Form 4 for MS Morgan Stanley

Accepted 2022-08-12 00:00:00 ET · period of report 2022-08-10 · accession 0001209191-22-045595 · SEC index · Original document

Summary rows

Aggregated the way they appear in lists: one row per insider, transaction code and security table.

X	Filed	Traded	Ticker	Insider	Title	Type	Price	Qty	Owned	ΔOwn	Value
I	2022-08-12	2022-08-10	MS	SAPERSTEIN ANDREW M	Co-Pres, Head of WM	J - Other	—	-30.5K	46.2K	-40%	—

Purchase Sale Sale after option exercise All abbreviations

#	Table	Security	Date	Code	A/D	Shares	Price	Owned after	Own	Exercise / expiry	Underlying	Footnotes
1	Common	Common Stock	2022-08-10	J	D	30,509	—	46,226	I By LLC	—	—	(F1) As part of his estate planning, the Reporting Person transferred 46,226 shares of Common Stock (previously reported as direct ownership) to a limited liability company, of which he was the sole member and a manager (the "LLC"), and the shares of Common Stock are the sole asset. On August 10, 2022, the Reporting Person transferred 66% of his LLC membership interest to an irrevocable family trust (the "Trust"). The Reporting Person may be deemed to beneficially own the assets of the Trust, and as such, is continuing to report on this Form 4 all of the shares of Common Stock held by the LLC. (F2) The LLC membership interest was transferred to the Trust at an aggregate price of $1,783,651, which is based on the average of the high and low share price of the Common Stock on August 10, 2022, discounted to reflect the illiquid nature of the membership interest in the LLC. (F3) The Reporting Person disclaims beneficial ownership of all shares held by the LLC and reported on this Form 4 except to the extent of the Reporting Person's pecuniary interests therein.