Kevin Shannon - 14 Aug 2025 Form 4 Insider Report for Morgan Stanley Direct Lending Fund (MSDL)

Role: Director
Signature: /s/ Orit Mizrachi, by power of attorney
Issuer symbol: MSDL
Transactions as of: 14 Aug 2025
Net transactions value: +$88,500
Form type: 4
Filing time: 18 Aug 2025, 14:38:27 UTC
Previous filing: 10 Jun 2025
SEC: View on sec.gov

Reporting Owners (1)

Name	Relationship	Address	Signature	Signature date	CIK
Shannon Kevin	Director	C/O MORGAN STANLEY DIRECT LENDING FUND, 1585 BROADWAY, NEW YORK	/s/ Orit Mizrachi, by power of attorney	18 Aug 2025	0001793065

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
transaction	MSDL	Common Stock, par value $0.001 per share	Purchase	$88,500	+5,000	+21%	$17.70	29,079	14 Aug 2025	Direct
holding	MSDL	Common Stock, par value $0.001 per share						5,847	14 Aug 2025	Held by the Kevin F Shannon Irrevocable Trust	F1
holding	MSDL	Common Stock, par value $0.001 per share						2,359	14 Aug 2025	Held by Joanne F Shannon Qualified Personal Residence Trust	F2
holding	MSDL	Common Stock, par value $0.001 per share						2,052	14 Aug 2025	Held by Kevin Shannon Directed IRA

* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id	Content
F1	Mr. Shannon disclaims beneficial ownership of the shares of common stock held by the Kevin F Shannon Irrevocable Trust, except to the extent of his pecuniary interest therein.
F2	Mr. Shannon disclaims beneficial ownership of the shares of common stock held by the Joanne F Shannon Qualified Personal Residence Trust, except to the extent of his pecuniary interest therein.