WENDYS CO

Ticker: WEN CUSIP: 95058W100 Class: Common Stock

MORGAN STANLEY's Holding History (CIK: 0000895421)

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

Q4 2025

Shares 6,549,066 Value ($000) $54,554 Avg Close $8.63 Range $7.83 - $10.12

Q3 2025

Shares 6,191,252 Value ($000) $56,712 Avg Close $10.27 Range $9.01 - $12.04

Q2 2025

Shares 4,303,507 Value ($000) $49,146 Avg Close $12.20 Range $10.91 - $14.87

Q1 2025

Shares 2,951,321 Value ($000) $43,178 Avg Close $15.04 Range $13.72 - $16.48

Q4 2024

Shares 2,705,574 Value ($000) $44,101 Avg Close $18.25 Range $16.17 - $20.60

Q3 2024

Shares 2,134,816 Value ($000) $37,402 Avg Close $17.02 Range $15.62 - $18.44

Q2 2024

Shares 2,383,237 Value ($000) $40,420 Avg Close $18.18 Range $16.22 - $20.65

Q1 2024

Shares 1,745,814 Value ($000) $32,891 Avg Close $18.79 Range $17.64 - $19.77

Q4 2023

Shares 1,738,682 Value ($000) $33,870 Avg Close $19.25 Range $18.19 - $20.49

Q3 2023

Shares 1,382,908 Value ($000) $28,225 Avg Close $20.88 Range $19.67 - $22.42

Q2 2023

Shares 1,038,171 Value ($000) $22,580 Avg Close $22.28 Range $21.23 - $23.90

Q1 2023

Shares 762,061 Value ($000) $16,598 Avg Close $21.96 Range $20.30 - $23.49

Q4 2022

Shares 731,676 Value ($000) $16,558 Avg Close $21.35 Range $18.55 - $23.78

Q3 2022

Shares 672,596 Value ($000) $12,571 Avg Close $20.13 Range $18.50 - $21.63

Q2 2022

Shares 604,566 Value ($000) $11,414 Avg Close $18.95 Range $15.77 - $22.19

Q1 2022

Shares 479,940 Value ($000) $10,544 Avg Close $22.53 Range $20.62 - $24.48

Q4 2021

Shares 372,623 Value ($000) $8,888 Avg Close $22.24 Range $20.37 - $24.20

Q3 2021

Shares 537,237 Value ($000) $11,647 Avg Close $22.80 Range $21.50 - $24.40

Q2 2021

Shares 625,474 Value ($000) $14,648 Avg Close $22.96 Range $20.27 - $29.46

Q1 2021

Shares 1,058,562 Value ($000) $21,446 Avg Close $20.77 Range $18.86 - $21.98

Q4 2020

Shares 527,828 Value ($000) $11,571 Avg Close $22.78 Range $21.43 - $24.91

Q3 2020

Shares 331,252 Value ($000) $7,384 Avg Close $22.03 Range $20.23 - $23.89

Q2 2020

Shares 338,327 Value ($000) $7,368 Avg Close $19.88 Range $12.34 - $23.44

Q1 2020

Shares 340,680 Value ($000) $5,068 Avg Close $19.67 Range $6.82 - $24.04

Q4 2019

Shares 529,677 Value ($000) $11,763 Avg Close $21.21 Range $19.76 - $22.38

Q3 2019

Shares 435,786 Value ($000) $8,707 Avg Close $19.94 Range $17.54 - $22.84

Q2 2019

Shares 367,622 Value ($000) $7,198 Avg Close $18.83 Range $17.66 - $20.14

Q1 2019

Shares 384,555 Value ($000) $6,880 Avg Close $17.01 Range $15.33 - $18.14

Q4 2018

Shares 456,849 Value ($000) $7,132 Avg Close $17.05 Range $14.96 - $18.26

Q3 2018

Shares 430,335 Value ($000) $7,376 Avg Close $17.47 Range $16.31 - $18.68

Q2 2018

Shares 413,174 Value ($000) $7,099 Avg Close $17.02 Range $16.01 - $18.22

Q1 2018

Shares 687,114 Value ($000) $12,059 Avg Close $16.59 Range $14.80 - $17.70

Q4 2017

Shares 696,658 Value ($000) $11,440 Avg Close $15.19 Range $13.57 - $16.98

Q3 2017

Shares 539,048 Value ($000) $8,372 Avg Close $15.31 Range $14.16 - $16.17

Q2 2017

Shares 771,044 Value ($000) $11,959 Avg Close $15.15 Range $13.29 - $16.66

Q1 2017

Shares 860,013 Value ($000) $11,705 Avg Close $13.64 Range $13.03 - $14.47

Q4 2016

Shares 490,347 Value ($000) $6,630 Avg Close $12.07 Range $10.47 - $14.07

Q3 2016

Shares 407,376 Value ($000) $4,401 Avg Close $10.08 Range $9.33 - $11.00

Q2 2016

Shares 557,207 Value ($000) $5,361 Avg Close $10.49 Range $9.15 - $11.38

Q1 2016

Shares 365,691 Value ($000) $3,984 Avg Close $9.91 Range $8.89 - $10.97

Q4 2015

Shares 500,466 Value ($000) $5,390 Avg Close $9.85 Range $8.43 - $10.96

Q3 2015

Shares 1,193,564 Value ($000) $10,324 Avg Close $9.69 Range $8.52 - $11.30

Q2 2015

Shares 1,106,426 Value ($000) $12,481 Avg Close $11.02 Range $10.05 - $11.71

Q1 2015

Shares 977,717 Value ($000) $10,658 Avg Close $10.69 Range $8.84 - $11.50

Q4 2014

Shares 1,343,410 Value ($000) $12,131 Avg Close $8.44 Range $7.61 - $9.29

Q3 2014

Shares 1,169,917 Value ($000) $9,664 Avg Close $8.19 Range $7.82 - $8.74

Q2 2014

Shares 4,479,133 Value ($000) $38,207 Avg Close $8.42 Range $7.84 - $9.24

Q1 2014

Shares 4,834,157 Value ($000) $44,087 Avg Close $9.16 Range $8.08 - $10.27

Q4 2013

Shares 2,882,347 Value ($000) $25,134 Avg Close $8.59 Range $7.85 - $9.51

Q3 2013

Shares 2,400,170 Value ($000) $20,353 Avg Close $7.50 Range $5.84 - $8.75

Q2 2013

Shares 1,708,684 Value ($000) $9,961 Avg Close $5.79 Range $5.28 - $6.23

Period	Shares	Value ($000)	Average Close	Price Range
Q4 2025	6,549,066	$54,554	$8.63	$7.83 - $10.12
Q3 2025	6,191,252	$56,712	$10.27	$9.01 - $12.04
Q2 2025	4,303,507	$49,146	$12.20	$10.91 - $14.87
Q1 2025	2,951,321	$43,178	$15.04	$13.72 - $16.48
Q4 2024	2,705,574	$44,101	$18.25	$16.17 - $20.60
Q3 2024	2,134,816	$37,402	$17.02	$15.62 - $18.44
Q2 2024	2,383,237	$40,420	$18.18	$16.22 - $20.65
Q1 2024	1,745,814	$32,891	$18.79	$17.64 - $19.77
Q4 2023	1,738,682	$33,870	$19.25	$18.19 - $20.49
Q3 2023	1,382,908	$28,225	$20.88	$19.67 - $22.42
Q2 2023	1,038,171	$22,580	$22.28	$21.23 - $23.90
Q1 2023	762,061	$16,598	$21.96	$20.30 - $23.49
Q4 2022	731,676	$16,558	$21.35	$18.55 - $23.78
Q3 2022	672,596	$12,571	$20.13	$18.50 - $21.63
Q2 2022	604,566	$11,414	$18.95	$15.77 - $22.19
Q1 2022	479,940	$10,544	$22.53	$20.62 - $24.48
Q4 2021	372,623	$8,888	$22.24	$20.37 - $24.20
Q3 2021	537,237	$11,647	$22.80	$21.50 - $24.40
Q2 2021	625,474	$14,648	$22.96	$20.27 - $29.46
Q1 2021	1,058,562	$21,446	$20.77	$18.86 - $21.98
Q4 2020	527,828	$11,571	$22.78	$21.43 - $24.91
Q3 2020	331,252	$7,384	$22.03	$20.23 - $23.89
Q2 2020	338,327	$7,368	$19.88	$12.34 - $23.44
Q1 2020	340,680	$5,068	$19.67	$6.82 - $24.04
Q4 2019	529,677	$11,763	$21.21	$19.76 - $22.38
Q3 2019	435,786	$8,707	$19.94	$17.54 - $22.84
Q2 2019	367,622	$7,198	$18.83	$17.66 - $20.14
Q1 2019	384,555	$6,880	$17.01	$15.33 - $18.14
Q4 2018	456,849	$7,132	$17.05	$14.96 - $18.26
Q3 2018	430,335	$7,376	$17.47	$16.31 - $18.68
Q2 2018	413,174	$7,099	$17.02	$16.01 - $18.22
Q1 2018	687,114	$12,059	$16.59	$14.80 - $17.70
Q4 2017	696,658	$11,440	$15.19	$13.57 - $16.98
Q3 2017	539,048	$8,372	$15.31	$14.16 - $16.17
Q2 2017	771,044	$11,959	$15.15	$13.29 - $16.66
Q1 2017	860,013	$11,705	$13.64	$13.03 - $14.47
Q4 2016	490,347	$6,630	$12.07	$10.47 - $14.07
Q3 2016	407,376	$4,401	$10.08	$9.33 - $11.00
Q2 2016	557,207	$5,361	$10.49	$9.15 - $11.38
Q1 2016	365,691	$3,984	$9.91	$8.89 - $10.97
Q4 2015	500,466	$5,390	$9.85	$8.43 - $10.96
Q3 2015	1,193,564	$10,324	$9.69	$8.52 - $11.30
Q2 2015	1,106,426	$12,481	$11.02	$10.05 - $11.71
Q1 2015	977,717	$10,658	$10.69	$8.84 - $11.50
Q4 2014	1,343,410	$12,131	$8.44	$7.61 - $9.29
Q3 2014	1,169,917	$9,664	$8.19	$7.82 - $8.74
Q2 2014	4,479,133	$38,207	$8.42	$7.84 - $9.24
Q1 2014	4,834,157	$44,087	$9.16	$8.08 - $10.27
Q4 2013	2,882,347	$25,134	$8.59	$7.85 - $9.51
Q3 2013	2,400,170	$20,353	$7.50	$5.84 - $8.75
Q2 2013	1,708,684	$9,961	$5.79	$5.28 - $6.23