Morgan Stanley Co-President Saperstein sells 51,668 shares for $9,744,322.10 across 6 transactions on 2026-04-16
Andrew M Saperstein, Co-President of Morgan Stanley, executed 6 separate sales totaling 51,668 shares (51.7K shares) for $9,744,322.10 on 2026-04-16 at prices ranging from $187.20 to $192.12, representing a -15.5% reduction in his holdings from 333,810 to 282,142 shares. The sale occurred near the stock's 52-week high of $191.62 (current price $188.82 is -1.5% from that peak), and the blended average price of $188.59 exceeds the current price. Saperstein's prior 5 same-ticker sales at Morgan Stanley (all on 2026-01-20) showed negative 30-day returns averaging -5.4%, and his cross-ticker track record of 16 prior sells displays a 40.00% well-timed rate with average 90-day returns of -0.6%, indicating mixed historical accuracy in timing exits. This large concentrated sale merits observation as a material reduction of an insider's stake, though the execution at price levels close to recent resistance suggests opportunistic selling rather than forced liquidation.