MORGAN STANLEY

Ticker: MS CUSIP: 617446448 Class: COM

Sherman Asset Management, Inc.'s Holding History (CIK: 0001736535)

Note: Option positions (PUT/CALL) are excluded.

Q4 2025

Shares 1,162 Value ($000) $206 Avg Close $166.47 Range $150.92 - $182.34

Q3 2025

Shares 1,162 Value ($000) $185 Avg Close $146.45 Range $133.51 - $162.99

Q2 2025

Shares 1,162 Value ($000) $164 Avg Close $120.96 Range $92.37 - $140.07

Q1 2025

Shares 1,162 Value ($000) $136 Avg Close $125.91 Range $106.95 - $139.08

Q4 2024

Shares 1,170 Value ($000) $147 Avg Close $119.51 Range $99.47 - $132.53

Period	Shares	Value ($000)	Average Close	Price Range
Q4 2025	1,162	$206	$166.47	$150.92 - $182.34
Q3 2025	1,162	$185	$146.45	$133.51 - $162.99
Q2 2025	1,162	$164	$120.96	$92.37 - $140.07
Q1 2025	1,162	$136	$125.91	$106.95 - $139.08
Q4 2024	1,170	$147	$119.51	$99.47 - $132.53