As of the latest Form 4 filed Dec 16, 2025.
What Morgan Stanley Direct Lending Fund insiders — officers, directors and 10% owners — have bought and sold in their own stock, straight from their SEC Form 4 filings. Values are shares × the reported transaction price where both are disclosed.
Buys plotted up, sells down; bar height is the disclosed dollar value (shares × reported price). Our Form 4 history is only complete from mid-2026, so early months are sparse — the series fills in as more filings land. Open-market purchases and sales only.
Newest filing first — the 10 most recent filings for MSDL.
| Filed | Trade date | Insider | Transaction | Shares | Price | Value | 10b5-1 | Filing |
|---|---|---|---|---|---|---|---|---|
| 2025-12-16 | 2025-11-11 | Krishnan Ashwin Chief Investment Officer | PPurchase | +3.00K | $16.72 | $50.2K | No | Form 4 ↗ |
| 2025-11-12 | 2025-11-10 | FRANK BRUCE D Director | PPurchase | +600.00 | $16.41 | $9.84K | No | Form 4 ↗ |
| 2025-10-08 | 2025-10-06 | Binstock Joan Director | PPurchase | +9.03K | $16.64 | $150K | No | Form 4 ↗ |
| 2025-08-18 | 2025-08-14 | Shannon Kevin Director | PPurchase | +5.00K | $17.70 | $88.5K | No | Form 4 ↗ |
| 2025-08-15 | 2025-08-14 | Pessah David Chief Financial Officer | PPurchase | +3.40K | $17.72 | $60.3K | No | Form 4 ↗ |
| 2025-08-14 | 2025-08-13 | Metz Adam S Director | PPurchase | +28.2K | $17.67 | $499K | No | Form 4 ↗ |
| 2025-08-14 | 2025-08-12 | MILLER DAVID N Director | PPurchase | +10.0K | $17.69 | $177K | No | Form 4 ↗ |
| 2025-08-13 | 2025-08-12 | Day Jeff M. Co-President | PPurchase | +5.65K | $17.70 | $100K | No | Form 4 ↗ |
| 2025-08-13 | 2025-08-12 | Occi Michael Jr. Chief Executive Officer | PPurchase | +14.0K | $17.78 | $249K | No | Form 4 ↗ |
| 2025-08-13 | 2025-08-11 | Binstock Joan Director | PPurchase | +5.66K | $17.69 | $100K | No | Form 4 ↗ |
Insiders — a company’s officers, directors and holders of more than 10% of its stock — must report any trade in that stock to the SEC on a Form 4 within two business days. Each row here is one transaction from those filings.
The transaction code tells you what happened: Purchase (P) and Sale (S) are open-market trades — the ones markets watch most; Award (A) is a granted stock or unit, Option exercise (M) converts options into shares, and Gift (G) is a transfer for no consideration. Awards, exercises and gifts are largely compensation or administrative, not a directional bet.
One caveat on sales: many are made under a Rule 10b5-1 plan scheduled months in advance, so a sale is not automatically a bearish signal. Insider activity is a noisy input — read it alongside the filings, not on its own.
See also MSDL’s full analysis or the market-wide insider trading feed. The tabs above jump to MSDL’s other SEC data.
Source: SEC Form 4 filings for MSDL, parsed from EDGAR. Transaction prices are as reported in the filing — SEC public-domain data, not market quotes. Values are shares × reported price where both are disclosed; grants and gifts often carry no price. A delayed record of what insiders reported, not a live position or a recommendation.
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