MORGAN STANLEY DIRECT LENDIN

Ticker: MSDL CUSIP: 61774A103 Class: COM SHS

Entropy Technologies, LP's Holding History (CIK: 0001976151)

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

Q4 2025

Shares 29,206 Value ($000) $481 Avg Close $16.42 Range $15.24 - $17.38

Q1 2025

Shares 29,058 Value ($000) $580 Avg Close $18.51 Range $17.78 - $19.46

Q4 2024

Shares 18,985 Value ($000) $392 Avg Close $17.85 Range $16.94 - $18.98

Period	Shares	Value ($000)	Average Close	Price Range
Q4 2025	29,206	$481	$16.42	$15.24 - $17.38
Q1 2025	29,058	$580	$18.51	$17.78 - $19.46
Q4 2024	18,985	$392	$17.85	$16.94 - $18.98