Form 4: Morgan Stanley Director Bruce Frank Acquires Shares in Direct Lending Fund
SEC Form 4 Filing
Director Bruce Frank acquired 420 shares of Morgan Stanley Direct Lending Fund through his IRA on November 11, 2024.
Summary
- Bruce Frank, a director of Morgan Stanley Direct Lending Fund, acquired 420 shares of common stock.
- The transaction occurred on November 11, 2024, at a price of $20.4954 per share.
- The shares were acquired indirectly through the Bruce Frank IRA FBO Bruce Frank.
- Following the transaction, Mr. Frank indirectly owns 3,695 shares.
Sentiment
Score: 5
Explanation: The document is a routine SEC filing for a director's share purchase, indicating neutral sentiment.
Industry Context
This is a routine filing related to insider trading and is not indicative of any broader industry trends.
Comparison to Industry Standards
- Form 4 filings are standard practice for corporate insiders and are required by the SEC.
- The transaction is relatively small in volume and is not unusual for a director's personal investment.
Stakeholder Impact
- The transaction has a minimal impact on stakeholders as it is a small purchase by a director.
Key Dates
| Date | Description |
|---|---|
| 11/11/2024 | Date of the share acquisition by Bruce Frank. |
| 11/12/2024 | Date the form was signed by power of attorney. |
Keywords
Morgan Stanley Direct Lending Fund, Bruce Frank, share acquisition, director, insider trading, MSDL, IRA
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