Financial Considerations for Public Company Employees After an IPO

*Morgan Stanley Smith Barney LLC and its affiliates and employees do not provide tax or legal advice. Please consult your personal tax and legal advisors for matters regarding taxation and tax planning and legal matters.

¹ In the following disclosure, the words “we”, “us”, and “Bank”, refer to Morgan Stanley Private Bank, National Association ("Morgan Stanley Private Bank"), Member FDIC. 

ELIGIBILITY AND LIMITATIONS:

To be eligible for this offer, you must open a new Premium Savings Account (PSA) during the Enrollment Period. The Promotional Annual Percentage Yield (“Promotional APY”) will be automatically applied to the account and will remain fixed for 180 days (the “Promotion Period”). After the Promotion Period ends, the rate will automatically revert to the Standard APY without any action required.

This offer is only valid for a new Premium Savings Account. This offer is not valid for Checking, Max-Rate Checking or line of credit, or other accounts that MSPBNA or its affiliates offer. IRA and non-IRA Brokerage accounts are ineligible. The Promotional APY offer is a standalone promotion and is not associated with, nor does it form part of, any PSA Cash Bonus Offer. For details regarding PSA Cash Bonus Offers, please refer to the applicable Terms and Conditions. Excludes non-U.S. residents, and residents of any jurisdiction where this offer is not valid.

Other restrictions may apply.

OFFER RULES FOR ALL PARTICIPANTS:

Account Opening: To participate in this offer, you must open a new Premium Savings Account during the Enrollment Period. No minimum initial deposit is required to open an account however, accounts not funded within 90 days will be closed.

Enrollment Period: May 5, 2026 12:00 AM ET – June 9, 2026 8:45 PM ET. We reserve the right to modify or end the offer at any time without notice.

Promotion Period: You will begin to earn the Promotional APY immediately upon account opening, with no minimum deposit amount required to qualify. The Promotional APY is only effective for 180 days, after which the rate will automatically revert to the Standard APY without any action required.

Standard APY: The Standard APY is variable and subject to change at any time. Information on current Standard APY can be found by visiting https://us.etrade.com/bank/bank-rates#tab_5"etrade.com/ratesheet. 

Promotional APY: The Promotional APY under this offer is 4.00%, and applies only during the Promotion Period. We reserve the right to modify, suspend, or terminate the Promotional APY at any time.

Maximum Deposit Eligibility: The maximum deposit eligible for the Promotional APY is $10,000,000. In the event that the account balance exceeds the maximum deposit by an amount greater than or equal to $500,000 (or such lesser amount at our sole discretion), all deposit balance in the account may earn the Standard APY starting 30 days after we notify you and continuing for the remainder of the Promotion Period.

Interest: Interest on both the Promotional and Standard APY will accrue from the date of deposit to the last full day before the date of withdrawal. Interest is compounded daily and will be credited to your account on a monthly basis. Interest will be paid to the account where the deposit is made. If you close your account before interest is credited, you will receive the accrued interest through the last full day prior to the account closure. Please visit https://us.etrade.com/l/f/agreement-library/bank-rate-fee-schedule for more information.

ADDITIONAL TERMS:

You must keep your account open and in good standing to receive the Promotional APY. If your account is in default, restricted or closed for any reason prior to such time, including being closed by us, then you may not be eligible for the offer.

If we determine, in our sole discretion, that you have violated the Morgan Stanley Private Bank, National Association Deposit Account Agreement or have engaged in abuse, misuse, or gaming in connection with your account, we may determine that you are not eligible for the offer. In such circumstances, we may rescind or withhold the Promotional APY.

Morgan Stanley Private Bank, National Association, Member FDIC reserves the right, in accordance with applicable laws, to terminate this offer at any time and to rescind or decline award payment for any reason.

As of 05/21/2026, the Annual Percentage Yield (APY) of the Premium Savings Account offered by Morgan Stanley Private Bank, National Association is 4.00%. Your interest rate and APY may change at any time and fees may reduce earnings. Please visit etrade.com/ratesheet for information regarding this account's current interest rate and corresponding APY.

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Morgan Stanley Smith Barney LLC (“Morgan Stanley”), its affiliates and Morgan Stanley Financial Advisors, Workplace Advisors and Private Wealth Advisors do not provide tax or legal advice. Clients should consult their tax advisor for matters involving taxation and tax planning and their attorney for legal matters.

Employee stock plan solutions are offered by E*TRADE Financial Corporate Services, Inc., Solium Capital LLC, Solium Plan Managers LLC and Morgan Stanley Smith Barney LLC (“MSSB”), which are part of Morgan Stanley at Work.  

Morgan Stanley at Work services and stock plan accounts are provided by wholly owned subsidiaries of Morgan Stanley.  

Morgan Stanley at Work stock plan accounts were previously referred to as Shareworks, StockPlan Connect or E*TRADE stock plan accounts, as applicable.  

In connection with stock plan solutions offered by Morgan Stanley at Work, securities products and services are offered by MSSB, Member SIPC.  

E*TRADE from Morgan Stanley is a registered trademark of MSSB.  

All entities are separate but affiliated subsidiaries of Morgan Stanley.  

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Banking products and services are provided by Morgan Stanley Private Bank, National Association, Member FDIC.

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CRC#5459969  (05/2026)