Joseph D. Mansueto - Nov 15, 2022 Form 4 Insider Report for Morningstar, Inc. (MORN)

Signature
/s/ Patrick Maloney, by power of attorney
Stock symbol
MORN
Transactions as of
Nov 15, 2022
Transactions value $
-$3,502,152
Form type
4
Date filed
11/17/2022, 02:49 PM
Previous filing
Nov 21, 2022
Next filing
Nov 21, 2022

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction MORN Common Stock Sale -$28.9K -120 0% $240.56 12.5M Nov 15, 2022 Direct F1, F2
transaction MORN Common Stock Sale -$129K -532 0% $241.99 12.5M Nov 15, 2022 Direct F1, F3
transaction MORN Common Stock Sale -$444K -1.83K -0.01% $243.02 12.5M Nov 15, 2022 Direct F1, F4
transaction MORN Common Stock Sale -$638K -2.62K -0.02% $243.96 12.5M Nov 15, 2022 Direct F1, F5
transaction MORN Common Stock Sale -$824K -3.36K -0.03% $244.89 12.5M Nov 15, 2022 Direct F1, F6
transaction MORN Common Stock Sale -$187K -762 -0.01% $245.82 12.5M Nov 15, 2022 Direct F1, F7
transaction MORN Common Stock Sale -$360K -1.47K -0.01% $244.56 12.5M Nov 16, 2022 Direct F1, F8
transaction MORN Common Stock Sale -$619K -2.52K -0.02% $245.53 12.5M Nov 16, 2022 Direct F1, F9
transaction MORN Common Stock Sale -$273K -1.11K -0.01% $246.36 12.5M Nov 16, 2022 Direct F1, F10
holding MORN Common Stock 4.2M Nov 15, 2022 By Trust F11
holding MORN Common Stock 150K Nov 15, 2022 By Trust F12
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

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 The transaction was executed in multiple trades at prices ranging from $240.4050 to $241.3600. 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.
F3 The transaction was executed in multiple trades at prices ranging from $241.4100 to $242.3900. 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.
F4 The transaction was executed in multiple trades at prices ranging from $242.5000 to $243.4800. 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 $243.5000 to $244.4900. 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 $244.5200 to $245.5000. 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 $245.5300 to $246.2400. 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 $244.0500 to $244.9800. 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 transaction was executed in multiple trades at prices ranging from $245.1200 to $246.0900. 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.
F10 The transaction was executed in multiple trades at prices ranging from $246.1400 to $246.8600. 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.
F11 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.
F12 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.