MORGAN STANLEY

Ticker: MS CUSIP: 617446448 Class: COM

FWL INVESTMENT MANAGEMENT, LLC's Holding History (CIK: 0001829231)

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

Q4 2025

Shares 270 Value ($000) $48 Avg Close $166.47 Range $150.92 - $182.34

Q3 2025

Shares 69 Value ($000) $11 Avg Close $146.45 Range $133.51 - $162.99

Q2 2025

Shares 69 Value ($000) $10 Avg Close $120.96 Range $92.37 - $140.07

Period	Shares	Value ($000)	Average Close	Price Range
Q4 2025	270	$48	$166.47	$150.92 - $182.34
Q3 2025	69	$11	$146.45	$133.51 - $162.99
Q2 2025	69	$10	$120.96	$92.37 - $140.07