MUFG Amends Morgan Stanley Investment Agreement and Reports 23.95% Stake

On April 13, 2026, Mitsubishi UFJ Financial Group, Inc. (MUFG) filed a Schedule 13D/A (Amendment No. 22) regarding its investment in Morgan Stanley. The filing reports that MUFG beneficially owns 380,307,520 shares of Common Stock, representing a 23.95% ownership stake based on shares outstanding as of January 31, 2026. This total includes 377,085,167 shares held directly and 3,222,353 shares held by affiliates in a fiduciary capacity, for which MUFG disclaims beneficial ownership. A primary purpose of this amendment was to report the execution of the Eighth Amendment to the Investor Agreement between MUFG and Morgan Stanley. This agreement extends the termination date of the standstill provisions and the expiration date of MUFG's preemptive rights from April 13, 2026, to October 13, 2028. The standstill remains subject to earlier termination if MUFG's economic interest falls below 10%. No other material changes to MUFG's investment intent or transactions in the past 60 days were reported beyond fiduciary-related activity.