Mitsubishi UFJ Financial Group Inc filed a Form 4 with the U.S. Securities and Exchange Commission on September 24, 2026, disclosing the disposition of Morgan Stanley common stock on September 22, 2026.

Key Highlights

  • Shares disposed: 1,340,519 shares of Morgan Stanley common stock were disposed of on September 22, 2026.
  • Price per share: The transaction was executed at $212.5674 per share.
  • Remaining beneficial ownership: Following the transaction, Mitsubishi UFJ Financial Group reported direct beneficial ownership of 375,330,252 shares.
  • Transaction code: The disposition is coded "D," indicating shares sold to Morgan Stanley, approved by Morgan Stanley in accordance with Rule 16b-3(e).
  • Rule 10b5-1 plan: The sales were effected pursuant to a sales plan adopted on April 18, 2018 and designed to comply with Rule 10b5-1(c).
  • Reporting person's role: Mitsubishi UFJ Financial Group is identified as a 10% owner and, by virtue of its right to appoint two directors to Morgan Stanley's Board, is also considered a director by deputization.

Mitsubishi UFJ Financial Group Reduces Morgan Stanley Position Under 10b5-1 Plan

According to the filing, Mitsubishi UFJ Financial Group Inc, based in Tokyo, Japan, disposed of 1,340,519 shares of Morgan Stanley (NYSE:MS) common stock on September 22, 2026, at a price of $212.5674 per share. The filing indicates the transaction was direct in form and was made to Morgan Stanley itself, approved by Morgan Stanley in accordance with Rule 16b-3(e).

The filing discloses that the sales were carried out under a sales plan adopted on April 18, 2018, and "designed to comply with Rule 10b5-1(c)." The Form 4 box indicating a transaction made pursuant to a contract, instruction, or written plan satisfying the affirmative defense conditions of Rule 10b5-1(c) is checked. Following the reported transaction, Mitsubishi UFJ Financial Group reported direct beneficial ownership of 375,330,252 shares of Morgan Stanley common stock.

The filing notes that by virtue of Mitsubishi UFJ Financial Group's right to appoint two directors to Morgan Stanley's Board of Directors, the reporting person is also considered a director of Morgan Stanley "by deputization." The Form 4 was signed by Satoshi Honda on September 24, 2026, the same date it was filed. No derivative securities transactions were reported.

What Was Disclosed

The filing reports a disposition of 1,340,519 Morgan Stanley common shares by Mitsubishi UFJ Financial Group on September 22, 2026, at $212.5674 per share, under a longstanding Rule 10b5-1 plan, leaving the reporting person with direct beneficial ownership of 375,330,252 shares.