| Type | Sym | Class | Transaction | Value $ | Shares | Change % | * Price $ | Shares After | Date | Ownership | Footnotes |
|---|---|---|---|---|---|---|---|---|---|---|---|
| transaction | MORN | Common Stock | Sale | -$233K | -1.02K | -0.01% | $228.89 | 12.5M | Nov 4, 2022 | Direct | F1, F2, F3 |
| transaction | MORN | Common Stock | Sale | -$929K | -4.04K | -0.03% | $229.91 | 12.5M | Nov 4, 2022 | Direct | F1, F4 |
| transaction | MORN | Common Stock | Sale | -$803K | -3.48K | -0.03% | $230.77 | 12.5M | Nov 4, 2022 | Direct | F1, F5 |
| transaction | MORN | Common Stock | Sale | -$206K | -890 | -0.01% | $231.71 | 12.5M | Nov 4, 2022 | Direct | F1, F6 |
| transaction | MORN | Common Stock | Sale | -$127K | -546 | 0% | $232.94 | 12.5M | Nov 4, 2022 | Direct | F1, F7 |
| transaction | MORN | Common Stock | Sale | -$137K | -584 | 0% | $233.99 | 12.5M | Nov 4, 2022 | Direct | F1, F8 |
| holding | MORN | Common Stock | 4.2M | Nov 4, 2022 | By Trust | F9 | |||||
| holding | MORN | Common Stock | 150K | Nov 4, 2022 | By Trust | F10 |
| Id | Content |
|---|---|
| F1 | The sales reported on this Form 4 were effected pursuant to a Rule 10b5-1 trading plan adopted by the reporting person on August 31, 2022. |
| F2 | On August 23, 2021, the reporting person contributed 4,500,000 shares of Morningstar common stock to grantor retained annuity trusts for the benefit of himself and his three children. Pursuant to the terms of such trusts, 301,025 shares were distributed to the reporting person on September 27, 2022 and are reported as directly owned in this Form 4. The reporting person's Forms 4 filed on September 28, September 30, and October 4, 2022 did not reflect this adjustment between direct and indirect holdings due to administrative error. |
| F3 | The transaction was executed in multiple trades at prices ranging from $228.3500 to $229.2600. The price reported above reflects the weighted average sale price. The reporting person hereby undertakes to provide upon request to the SEC staff, Morningstar or a shareholder of Morningstar full information regarding the number of shares and prices at which the transaction was effected. |
| F4 | The transaction was executed in multiple trades at prices ranging from $229.3500 to $230.3400. The price reported above reflects the weighted average sale price. The reporting person hereby undertakes to provide upon request to the SEC staff, Morningstar or a shareholder of Morningstar full information regarding the number of shares and prices at which the transaction was effected. |
| F5 | The transaction was executed in multiple trades at prices ranging from $230.3600 to $231.2600. The price reported above reflects the weighted average sale price. The reporting person hereby undertakes to provide upon request to the SEC staff, Morningstar or a shareholder of Morningstar full information regarding the number of shares and prices at which the transaction was effected. |
| F6 | The transaction was executed in multiple trades at prices ranging from $231.4200 to $232.2200. The price reported above reflects the weighted average sale price. The reporting person hereby undertakes to provide upon request to the SEC staff, Morningstar or a shareholder of Morningstar full information regarding the number of shares and prices at which the transaction was effected. |
| F7 | The transaction was executed in multiple trades at prices ranging from $232.4600 to $233.3900. The price reported above reflects the weighted average sale price. The reporting person hereby undertakes to provide upon request to the SEC staff, Morningstar or a shareholder of Morningstar full information regarding the number of shares and prices at which the transaction was effected. |
| F8 | The transaction was executed in multiple trades at prices ranging from $233.5900 to $234.4200. The price reported above reflects the weighted average sale price. The reporting person hereby undertakes to provide upon request to the SEC staff, Morningstar or a shareholder of Morningstar full information regarding the number of shares and prices at which the transaction was effected. |
| F9 | The shares are held in grantor retained annuity trusts for the benefit of the reporting person and his children. The reporting person serves as trustee of the grantor retained annuity trusts. |
| F10 | The shares are held in trusts for the benefit of the reporting person's children. The reporting person's spouse is trustee of the trusts. |