Caroline J. Tsay - 17 Nov 2022 Form 4 Insider Report for Morningstar, Inc. (MORN)

Role: Director
Signature: /s/ Patrick Maloney, by power of attorney
Issuer symbol: MORN
Transactions as of: 17 Nov 2022
Net transactions value: $0
Form type: 4
Filing time: 21 Nov 2022, 16:01:02 UTC
Previous filing: 09 Aug 2022
Next filing: 04 Apr 2023
SEC: View on sec.gov

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
transaction	MORN	Common Stock	Other	$0	-2,049	-37%	$0.000000	3,483	17 Nov 2022	Direct	F1, F2

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

Explanation of Responses:

Id	Content
F1	The reporting person transferred these shares pursuant to a court filed stipulation in connection with a dissolution of marriage filed in Santa Clara County. The reporting person disclaims beneficial ownership of these securities, and this report shall not be deemed an admission that the reporting person is the beneficial owner of the securities for purposes of Section 16 or for any other purpose.
F2	Due to administrative error, this total is adjusted to include approximately 5 shares incorrectly omitted from the total shown on the reporting person's Forms 4 filed in May and August 2022.

Content

The reporting person transferred these shares pursuant to a court filed stipulation in connection with a dissolution of marriage filed in Santa Clara County. The reporting person disclaims beneficial ownership of these securities, and this report shall not be deemed an admission that the reporting person is the beneficial owner of the securities for purposes of Section 16 or for any other purpose.

Due to administrative error, this total is adjusted to include approximately 5 shares incorrectly omitted from the total shown on the reporting person's Forms 4 filed in May and August 2022.