MS

SEC source: 0001209191-21-004874 · doc4.xml · nonDerivative · entry 1

GORMAN JAMES P · CIK 0001182328 · Director · Chairman and CEO

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 1,248,999.596

F1 · kind: Restricted Stock Units granted in 2021 as part of 2020 year-end compensation, which are convertible to shares of Common Stock at a ratio of 1 to 1.

SEC source: 0001209191-21-004882 · doc4.xml · nonDerivative · entry 2

PRUZAN JONATHAN · CIK 0001640050 · Chief Financial Officer

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 272,364.109

F2 · kind: Shares withheld to satisfy taxes upon the conversion of Restricted Stock Units granted on January 19, 2018.

SEC source: 0001209191-21-004882 · doc4.xml · nonDerivative · entry 1

PRUZAN JONATHAN · CIK 0001640050 · Chief Financial Officer

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 287,834.109

F1 · kind: Restricted Stock Units granted in 2021 as part of 2020 year-end compensation, which are convertible to shares of Common Stock at a ratio of 1 to 1.

SEC source: 0001209191-21-004883 · doc4.xml · nonDerivative · entry 5

PICK EDWARD N · CIK 0001801222 · Head of Inst'l Securities

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 519,319.385

SEC source: 0001209191-21-004883 · doc4.xml · nonDerivative · entry 4

PICK EDWARD N · CIK 0001801222 · Head of Inst'l Securities

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 522,897.385

F4 · price: The price reported in Column 4 is a weighted average price. The shares were sold in multiple transactions at prices ranging from $75.60 to $75.89, 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.

SEC source: 0001209191-21-004883 · doc4.xml · nonDerivative · entry 3

PICK EDWARD N · CIK 0001801222 · Head of Inst'l Securities

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 524,197.385

F3 · price: The price reported in Column 4 is a weighted average price. The shares were sold in multiple transactions at prices ranging from $74.59 to $75.53, 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.

SEC source: 0001209191-21-004883 · doc4.xml · nonDerivative · entry 2

PICK EDWARD N · CIK 0001801222 · Head of Inst'l Securities

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 622,897.385

F2 · kind: Shares withheld to satisfy taxes upon the conversion of Restricted Stock Units granted on January 19, 2018.

SEC source: 0001209191-21-004883 · doc4.xml · nonDerivative · entry 1

PICK EDWARD N · CIK 0001801222 · Head of Inst'l Securities

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 646,613.385

F1 · kind: Restricted Stock Units granted in 2021 as part of 2020 year-end compensation, which are convertible to shares of Common Stock at a ratio of 1 to 1.

SEC source: 0001209191-21-004884 · doc4.xml · nonDerivative · entry 3

SAPERSTEIN ANDREW M · CIK 0001362383 · Head of Wealth Management

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 176,070.756

F3 · price: The price reported in Column 4 is a weighted average price. The shares were sold in multiple transactions at prices ranging from $73.75 to $74.22, 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.

SEC source: 0001209191-21-004884 · doc4.xml · nonDerivative · entry 2

SAPERSTEIN ANDREW M · CIK 0001362383 · Head of Wealth Management

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 186,288.756

F2 · kind: Shares withheld to satisfy taxes upon the conversion of Restricted Stock Units granted on January 19, 2018.

SEC source: 0001209191-21-004884 · doc4.xml · nonDerivative · entry 1

SAPERSTEIN ANDREW M · CIK 0001362383 · Head of Wealth Management

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 199,853.756

F1 · kind: Restricted Stock Units granted in 2021 as part of 2020 year-end compensation, which are convertible to shares of Common Stock at a ratio of 1 to 1.

SEC source: 0001209191-21-004886 · doc4.xml · nonDerivative · entry 2

SIMKOWITZ DANIEL A · CIK 0001680385 · Head of Investment Management

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 310,085.23

F2 · kind: Shares withheld to satisfy taxes upon the conversion of Restricted Stock Units granted on January 19, 2018.

SEC source: 0001209191-21-004886 · doc4.xml · nonDerivative · entry 1

SIMKOWITZ DANIEL A · CIK 0001680385 · Head of Investment Management

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 326,525.23

F1 · kind: Restricted Stock Units granted in 2021 as part of 2020 year-end compensation, which are convertible to shares of Common Stock at a ratio of 1 to 1.

SEC source: 0001209191-21-004887 · doc4.xml · nonDerivative · entry 3

GROSSMAN ERIC F · CIK 0001539492 · Chief Legal Officer

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 264,661.153

F3 · price: The price reported in Column 4 is a weighted average price. The shares were sold in multiple transactions at prices ranging from $74.655 to $74.87, 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.

SEC source: 0001209191-21-004887 · doc4.xml · nonDerivative · entry 2

GROSSMAN ERIC F · CIK 0001539492 · Chief Legal Officer

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 293,661.153

F2 · kind: Shares withheld to satisfy taxes upon the conversion of Restricted Stock Units granted on January 19, 2018.

SEC source: 0001209191-21-004887 · doc4.xml · nonDerivative · entry 1

GROSSMAN ERIC F · CIK 0001539492 · Chief Legal Officer

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 306,337.153

F1 · kind: Restricted Stock Units granted in 2021 as part of 2020 year-end compensation, which are convertible to shares of Common Stock at a ratio of 1 to 1.

SEC source: 0001209191-21-004888 · doc4.xml · nonDerivative · entry 2

ROONEY ROBERT P · CIK 0001793981 · Head of Tech/Ops/Resilience

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 246,065.063

F2 · kind: Shares withheld to satisfy taxes upon the conversion of Restricted Stock Units granted on January 18, 2017, January 19, 2018, and January 17, 2020.

SEC source: 0001209191-21-004888 · doc4.xml · nonDerivative · entry 1

ROONEY ROBERT P · CIK 0001793981 · Head of Tech/Ops/Resilience

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 255,768.063

F1 · kind: Restricted Stock Units granted in 2021 as part of 2020 year-end compensation, which are convertible to shares of Common Stock at a ratio of 1 to 1.

SEC source: 0001209191-21-004889 · doc4.xml · nonDerivative · entry 2

Hotsuki Keishi · CIK 0001510396 · Chief Risk Officer

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 279,086.157

F2 · kind: Shares withheld to satisfy taxes upon the conversion of Restricted Stock Units granted on January 19, 2018.

SEC source: 0001209191-21-004889 · doc4.xml · nonDerivative · entry 1

Hotsuki Keishi · CIK 0001510396 · Chief Risk Officer

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 288,206.157

F1 · kind: Restricted Stock Units granted in 2021 as part of 2020 year-end compensation, which are convertible to shares of Common Stock at a ratio of 1 to 1.

SEC source: 0001209191-21-004890 · doc4.xml · nonDerivative · entry 3

BRODSKY JEFFREY S · CIK 0001663751 · Chief Human Resources Officer

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 150,094.759

SEC source: 0001209191-21-004890 · doc4.xml · nonDerivative · entry 2

BRODSKY JEFFREY S · CIK 0001663751 · Chief Human Resources Officer

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 168,594.759

F2 · kind: Shares withheld to satisfy taxes upon the conversion of Restricted Stock Units granted on January 19, 2018.

SEC source: 0001209191-21-004890 · doc4.xml · nonDerivative · entry 1

BRODSKY JEFFREY S · CIK 0001663751 · Chief Human Resources Officer

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 174,602.759

F1 · kind: Restricted Stock Units granted in 2021 as part of 2020 year-end compensation, which are convertible to shares of Common Stock at a ratio of 1 to 1.

SEC source: 0001209191-21-004892 · doc4.xml · nonDerivative · entry 1

AKRAM RAJA · CIK 0001721897 · Deputy Chief Financial Officer

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 96,526.432

F1 · kind: Restricted Stock Units granted in 2021 as part of 2020 year-end compensation, which are convertible to shares of Common Stock at a ratio of 1 to 1.

SEC source: 0001209191-21-067824 · doc4.xml · nonDerivative · entry 2

TRAQUINA PERRY M · CIK 0001228062 · Director

10b5-1 filing: Not disclosed

Ownership: Indirect · By Revocable Trust

Disclosed balance after: 0

F2 · security: Each Depositary Share represents a 1/100th interest in a share of Morgan Stanley Fixed-to-Floating Rate Non-Cumulative Preferred Stock, Series N, $0.01 par value per share.

SEC source: 0001209191-20-061493 · doc4.xml · nonDerivative · entry 1

CORLEY ELIZABETH · CIK 0001725898 · Director

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 24,214.521

F1 · kind: Deferred stock units granted under the Morgan Stanley Directors' Equity Capital Accumulation Plan in lieu of cash retainers paid for service on the Morgan Stanley Board of Directors. Stock units are convertible into shares of Common Stock at a ratio of 1 to 1.

SEC source: 0001209191-20-061494 · doc4.xml · nonDerivative · entry 1

GLOCER THOMAS H · CIK 0001140799 · Director

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 87,990.875

F1 · kind: Deferred stock units granted under the Morgan Stanley Directors' Equity Capital Accumulation Plan in lieu of cash retainers paid for service on the Morgan Stanley Board of Directors. Stock units are convertible into shares of Common Stock at a ratio of 1 to 1.

SEC source: 0001209191-20-061496 · doc4.xml · nonDerivative · entry 1

OLAYAN HUTHAM S · CIK 0001357222 · Director

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 192,228.192

F1 · kind: Deferred stock units granted under the Morgan Stanley Directors' Equity Capital Accumulation Plan in lieu of cash retainers paid for service on the Morgan Stanley Board of Directors. Stock units are convertible into shares of Common Stock at a ratio of 1 to 1.

SEC source: 0001209191-20-061497 · doc4.xml · nonDerivative · entry 1

TRAQUINA PERRY M · CIK 0001228062 · Director

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 56,865.517

F1 · kind: Deferred stock units granted under the Morgan Stanley Directors' Equity Capital Accumulation Plan in lieu of cash retainers paid for service on the Morgan Stanley Board of Directors. Stock units are convertible into shares of Common Stock at a ratio of 1 to 1.

SEC source: 0001209191-20-058476 · doc4.xml · nonDerivative · entry 1

OLAYAN HUTHAM S · CIK 0001357222 · Director

10b5-1 filing: Not disclosed

Ownership: Indirect · By Family Trust

Disclosed balance after: 28,129

SEC source: 0001209191-20-056612 · doc4.xml · nonDerivative · entry 1

Leibowitz Shelley B · CIK 0001626888 · Director

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 34,012.001

F1 · kind: Deferred stock units granted under the Morgan Stanley Directors' Equity Capital Accumulation Plan, which are convertible into shares of Common Stock at a ratio of 1 to 1.

SEC source: 0001209191-20-058475 · doc4.xml · nonDerivative · entry 1

GORMAN JAMES P · CIK 0001182328 · Director · Chairman and CEO

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 1,141,932.378

SEC source: 0000899243-20-028929 · doc4.xml · nonDerivative · entry 7

MITSUBISHI UFJ FINANCIAL GROUP INC · CIK 0000067088 · 10% owner

10b5-1 filing: Not disclosed

Ownership: Indirect · Through Subsidiary

Disclosed balance after: 0

F1 · security: By virtue of its right to appoint two directors to the Board of Directors of Morgan Stanley, the Reporting Person is also a director of Morgan Stanley by deputization.

F2 · security: The purchases and sales reflect the Reporting Person's pecuniary interest in transactions effected by its wholly-owned subsidiaries indirectly through certain investment funds.

F3 · security: The Reporting Person has disgorged the profits realized by these transactions to the Issuer, including all transactions as to which the Reporting Person has disclaimed beneficial ownership and all transactions and securities which the Reporting Person has disclaimed being subject to Section 16.

F6 · security: Each reported share of the Series H Preferred Stock represents $1 of liquidation value of that security.

F5 · ownership.nature: This Form 4 is the result of the Reporting Person's review of past trading activity in Morgan Stanley equity securities. That review, which began in late 2018, remains ongoing, and the Reporting Person will make further disclosures should it determine that it is necessary to do so.

SEC source: 0000899243-20-028929 · doc4.xml · nonDerivative · entry 6

MITSUBISHI UFJ FINANCIAL GROUP INC · CIK 0000067088 · 10% owner

10b5-1 filing: Not disclosed

Ownership: Indirect · Through Subsidiary

Disclosed balance after: 377,084,582.704

F1 · security: By virtue of its right to appoint two directors to the Board of Directors of Morgan Stanley, the Reporting Person is also a director of Morgan Stanley by deputization.

F2 · security: The purchases and sales reflect the Reporting Person's pecuniary interest in transactions effected by its wholly-owned subsidiaries indirectly through certain investment funds.

F3 · security: The Reporting Person has disgorged the profits realized by these transactions to the Issuer, including all transactions as to which the Reporting Person has disclaimed beneficial ownership and all transactions and securities which the Reporting Person has disclaimed being subject to Section 16.

F4 · balance_after: The amounts reported in this column reflect not only the transactions set forth in this disclosure, but also those reported in prior Form 4 filings.

F5 · ownership.nature: This Form 4 is the result of the Reporting Person's review of past trading activity in Morgan Stanley equity securities. That review, which began in late 2018, remains ongoing, and the Reporting Person will make further disclosures should it determine that it is necessary to do so.

SEC source: 0000899243-20-028929 · doc4.xml · nonDerivative · entry 5

MITSUBISHI UFJ FINANCIAL GROUP INC · CIK 0000067088 · 10% owner

10b5-1 filing: Not disclosed

Ownership: Indirect · Through Subsidiary

Disclosed balance after: 377,084,595.087

F1 · security: By virtue of its right to appoint two directors to the Board of Directors of Morgan Stanley, the Reporting Person is also a director of Morgan Stanley by deputization.

F2 · security: The purchases and sales reflect the Reporting Person's pecuniary interest in transactions effected by its wholly-owned subsidiaries indirectly through certain investment funds.

F3 · security: The Reporting Person has disgorged the profits realized by these transactions to the Issuer, including all transactions as to which the Reporting Person has disclaimed beneficial ownership and all transactions and securities which the Reporting Person has disclaimed being subject to Section 16.

F4 · balance_after: The amounts reported in this column reflect not only the transactions set forth in this disclosure, but also those reported in prior Form 4 filings.

F5 · ownership.nature: This Form 4 is the result of the Reporting Person's review of past trading activity in Morgan Stanley equity securities. That review, which began in late 2018, remains ongoing, and the Reporting Person will make further disclosures should it determine that it is necessary to do so.

SEC source: 0000899243-20-028929 · doc4.xml · nonDerivative · entry 4

MITSUBISHI UFJ FINANCIAL GROUP INC · CIK 0000067088 · 10% owner

10b5-1 filing: Not disclosed

Ownership: Indirect · Through Subsidiary

Disclosed balance after: 377,084,607.754

F1 · security: By virtue of its right to appoint two directors to the Board of Directors of Morgan Stanley, the Reporting Person is also a director of Morgan Stanley by deputization.

F2 · security: The purchases and sales reflect the Reporting Person's pecuniary interest in transactions effected by its wholly-owned subsidiaries indirectly through certain investment funds.

F3 · security: The Reporting Person has disgorged the profits realized by these transactions to the Issuer, including all transactions as to which the Reporting Person has disclaimed beneficial ownership and all transactions and securities which the Reporting Person has disclaimed being subject to Section 16.

F4 · balance_after: The amounts reported in this column reflect not only the transactions set forth in this disclosure, but also those reported in prior Form 4 filings.

F5 · ownership.nature: This Form 4 is the result of the Reporting Person's review of past trading activity in Morgan Stanley equity securities. That review, which began in late 2018, remains ongoing, and the Reporting Person will make further disclosures should it determine that it is necessary to do so.

SEC source: 0000899243-20-028929 · doc4.xml · nonDerivative · entry 3

MITSUBISHI UFJ FINANCIAL GROUP INC · CIK 0000067088 · 10% owner

10b5-1 filing: Not disclosed

Ownership: Indirect · Through Subsidiary

Disclosed balance after: 377,084,608

F1 · security: By virtue of its right to appoint two directors to the Board of Directors of Morgan Stanley, the Reporting Person is also a director of Morgan Stanley by deputization.

F2 · security: The purchases and sales reflect the Reporting Person's pecuniary interest in transactions effected by its wholly-owned subsidiaries indirectly through certain investment funds.

F3 · security: The Reporting Person has disgorged the profits realized by these transactions to the Issuer, including all transactions as to which the Reporting Person has disclaimed beneficial ownership and all transactions and securities which the Reporting Person has disclaimed being subject to Section 16.

F4 · balance_after: The amounts reported in this column reflect not only the transactions set forth in this disclosure, but also those reported in prior Form 4 filings.

F5 · ownership.nature: This Form 4 is the result of the Reporting Person's review of past trading activity in Morgan Stanley equity securities. That review, which began in late 2018, remains ongoing, and the Reporting Person will make further disclosures should it determine that it is necessary to do so.

SEC source: 0000950103-20-019766 · dp138404_4-liebowitz.xml · nonDerivative · entry 1

Leibowitz Shelley B · CIK 0001626888 · Director

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 30,954

F1 · kind: Acquired as a result of a merger pursuant to the previously announced Agreement and Plan of Merger, dated as of February 20, 2020, by and among Morgan Stanley, Moon-Eagle Merger Sub, Inc. and E*TRADE Financial Corporation, as it may be amended from time to time (the "Merger Agreement").

F2 · price: Pursuant to the Merger Agreement, each share of E*TRADE common stock, including shares underlying previously reported equity awards, outstanding immediately prior to the effective time of the merger was cancelled in exchange for the right to receive 1.0432 fully paid and nonassessable shares of Morgan Stanley common stock, $0.01 par value, for each such share, subject to applicable tax withholding and with cash payable in lieu of any fractional shares.

SEC source: 0001209191-20-054027 · doc4.xml · nonDerivative · entry 1

OLAYAN HUTHAM S · CIK 0001357222 · Director

10b5-1 filing: Not disclosed

Ownership: Indirect · By Family Trust

Disclosed balance after: 3,129

F1 · kind: Acquired as a result of a merger pursuant to the previously announced Agreement and Plan of Merger, dated as of February 20, 2020, by and among Morgan Stanley, Moon-Eagle Merger Sub, Inc. and E*TRADE Financial Corporation, as it may be amended from time to time (the "Merger Agreement").

F2 · price: Pursuant to the Merger Agreement, each share of E*TRADE common stock outstanding immediately prior to the effective time of the merger was cancelled in exchange for the right to receive 1.0432 fully paid and nonassessable shares of Morgan Stanley common stock, $0.01 par value, for each such share, subject to applicable tax withholding and with cash payable in lieu of any fractional shares.

F3 · ownership.nature: Held in a family trust for which the Reporting Person is a beneficiary and her spouse is a trustee.

SEC source: 0001209191-20-054030 · doc4.xml · nonDerivative · entry 1

TRAQUINA PERRY M · CIK 0001228062 · Director

10b5-1 filing: Not disclosed

Ownership: Indirect · By Revocable Trust

Disclosed balance after: 400

F1 · security: Each Depositary Share represents a 1/100th interest in a share of Morgan Stanley Fixed-to-Floating Rate Non-Cumulative Preferred Stock, Series N, $0.01 par value per share ("Preferred Stock, Series N").

F2 · kind: Acquired as a result of a merger pursuant to the previously announced Agreement and Plan of Merger, dated as of February 20, 2020, by and among Morgan Stanley, Moon-Eagle Merger Sub, Inc. and E*TRADE Financial Corporation, as it may be amended from time to time (the "Merger Agreement").

F3 · price: Pursuant to the Merger Agreement, each share of E*TRADE Fixed-to-Floating Rate Non-Cumulative Perpetual Preferred Stock, Series B, $0.01 par value per share, outstanding immediately prior to the effective time of the merger, was cancelled in exchange for the right to receive one share of Preferred Stock, Series N. Shares of Preferred Stock Series N are represented by Depositary Shares, each representing a 1/100th interest in a share of Preferred Stock, Series N.

F4 · ownership.nature: Held in a revocable trust for which the Reporting Person and his spouse are trustees.

SEC source: 0001209191-20-054031 · doc4.xml · nonDerivative · entry 1

SAPERSTEIN ANDREW M · CIK 0001362383 · Head of Wealth Management

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 100

F1 · security: Each Depositary Share represents a 1/100th interest in a share of Morgan Stanley Fixed-to-Floating Rate Non-Cumulative Preferred Stock, Series N, $0.01 par value per share ("Preferred Stock, Series N").

F2 · kind: Acquired as a result of a merger pursuant to the previously announced Agreement and Plan of Merger, dated as of February 20, 2020, by and among Morgan Stanley, Moon-Eagle Merger Sub, Inc. and E*TRADE Financial Corporation, as it may be amended from time to time (the "Merger Agreement").

F3 · price: Pursuant to the Merger Agreement, each share of E*TRADE Fixed-to-Floating Rate Non-Cumulative Perpetual Preferred Stock, Series B, $0.01 par value per share, outstanding immediately prior to the effective time of the merger, was cancelled in exchange for the right to receive one share of Preferred Stock, Series N. Shares of Preferred Stock Series N are represented by Depositary Shares, each representing a 1/100th interest in a share of Preferred Stock, Series N.

SEC source: 0000899243-21-006312 · doc5.xml · nonDerivative · entry 2

MITSUBISHI UFJ FINANCIAL GROUP INC · CIK 0000067088 · 10% owner

10b5-1 filing: Not disclosed

Ownership: Indirect · Through Subsidiary

Disclosed balance after: 377,085,167

F1 · security: By virtue of its right to appoint two directors to the Board of Directors of Morgan Stanley, the Reporting Person is also a director of Morgan Stanley by deputization.

F2 · security: The dispositions reflect the Reporting Person's pecuniary interest in transactions effected by its wholly-owned subsidiaries indirectly through certain investment funds.

SEC source: 0000899243-21-006312 · doc5.xml · nonDerivative · entry 1

MITSUBISHI UFJ FINANCIAL GROUP INC · CIK 0000067088 · 10% owner

10b5-1 filing: Not disclosed

Ownership: Indirect · Through Subsidiary

Disclosed balance after: 377,085,167

F1 · security: By virtue of its right to appoint two directors to the Board of Directors of Morgan Stanley, the Reporting Person is also a director of Morgan Stanley by deputization.

F2 · security: The dispositions reflect the Reporting Person's pecuniary interest in transactions effected by its wholly-owned subsidiaries indirectly through certain investment funds.

SEC source: 0001209191-20-048219 · doc4.xml · nonDerivative · entry 1

ROONEY ROBERT P · CIK 0001793981 · Head of Tech/Ops/Resilience

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 206,050.191

F1 · kind: Shares withheld to satisfy taxes upon the conversion of stock units acquired through dividend reinvestment.

SEC source: 0001209191-20-047706 · doc4.xml · nonDerivative · entry 1

ROONEY ROBERT P · CIK 0001793981 · Head of Tech/Ops/Resilience

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 206,068.619

F1 · kind: Shares withheld to satisfy taxes upon the conversion of previously granted Restricted Stock Units to shares of Common Stock.

SEC source: 0001209191-20-043471 · doc4.xml · nonDerivative · entry 1

ROONEY ROBERT P · CIK 0001793981 · Head of Tech/Ops/Resilience

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 209,542.359

F1 · price: The price reported in Column 4 is a weighted average price. The shares were sold in multiple transactions at prices ranging from $51.57 to $52.45, 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.

SEC source: 0001209191-20-043305 · doc4.xml · nonDerivative · entry 1

Hotsuki Keishi · CIK 0001510396 · Chief Risk Officer

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 243,666.494

SEC source: 0001209191-20-042807 · doc4.xml · nonDerivative · entry 2

GORMAN JAMES P · CIK 0001182328 · Director · Chairman and CEO

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 1,143,773.475

SEC source: 0001209191-20-042807 · doc4.xml · nonDerivative · entry 1

GORMAN JAMES P · CIK 0001182328 · Director · Chairman and CEO

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 1,143,873.475

F1 · price: The price reported in Column 4 is a weighted average price. The shares were sold in multiple transactions at prices ranging from $52.01 to $53, 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.

SEC source: 0001209191-20-043177 · doc4.xml · nonDerivative · entry 1

GROSSMAN ERIC F · CIK 0001539492 · Chief Legal Officer

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 250,835.447

F1 · price: The price reported in Column 4 is a weighted average price. The shares were sold in multiple transactions at prices ranging from $52.653 to $52.941, 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.