Cordell G Spencer

Insider

First SEC filing: May 20, 2005 · Latest: May 20, 2005

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Insider at

0 buys (P) 0 sells (S) Net: $0 + 2 non-open-market transactions below last 12 months, based on the transactions shown below

Price change vs current quote, split-adjusted for corporate actions since the filing — not benchmarked, not annualized, not size-weighted

No open-market trades on record; showing all filings.

Date	Ticker	Code	Shares	Price	Value	Owned after	Δ own	A/D	vs now
Feb. 3, 2006	MS	A	65,104	—	—	276,251 Direct	+30.83%	Acquired	(price as of 2026-08-21)
Dec. 13, 2005	MS	A	111,793	—	—	211,147 Direct	+112.52%	Acquired	(price as of 2026-08-21)

P = Open-market purchase · S = Sale · A = Grant/award · M = Option exercise · G = Gift · F = Tax withholding

Insider transactions are not a recommendation; sales are often driven by liquidity or tax reasons.

Securities held when first becoming an insider, per SEC Form 3.

Date	Ticker	Security	Shares	Ownership
May 20, 2005	MS	Common Stock	99,354	Direct
May 20, 2005	MS	Common Stock	5,384	Indirect
May 20, 2005	MS	Employee Stock Option (Right to Buy)→ Common Stock (1,244)	1,244	Direct
May 20, 2005	MS	Employee Stock Option (Right to Buy)→ Common Stock (2,190)	2,190	Direct
May 20, 2005	MS	Employee Stock Option (Right to Buy)→ Common Stock (100,116)	100,116	Direct
May 20, 2005	MS	Employee Stock Option (Right to Buy)→ Common Stock (20,950)	20,950	Direct
May 20, 2005	MS	Employee Stock Option (Right to Buy)→ Common Stock (22,154)	22,154	Direct
May 20, 2005	MS	Employee Stock Option (Right to Buy)→ Common Stock (11,204)	11,204	Direct
May 20, 2005	MS	Employee Stock Option (Right to Buy)→ Common Stock (18,195)	18,195	Direct
May 20, 2005	MS	Employee Stock Option (Right to Buy)→ Common Stock (23,941)	23,941	Direct
May 20, 2005	MS	Employee Stock Option (Right to Buy)→ Common Stock (65,074)	65,074	Direct