Joseph D. Mansueto - Dec 6, 2022 Form 4 Insider Report for Morningstar, Inc. (MORN)

Role
Executive Chairman, Director, 10%+ Owner
Signature
/s/ Patrick Maloney, by power of attorney
Stock symbol
MORN
Transactions as of
Dec 6, 2022
Transactions value $
-$28,793
Form type
4
Date filed
12/7/2022, 06:34 PM
Previous filing
Dec 5, 2022
Next filing
Dec 9, 2022

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction MORN Common Stock Sale -$28.8K -120 0% $239.94 11.8M Dec 6, 2022 Direct F1, F2
holding MORN Common Stock 4.8M Dec 6, 2022 By Trust F3
holding MORN Common Stock 150K Dec 6, 2022 By Trust F4
* 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 On December 6, 2022, the reporting person contributed 600,000 shares of Morningstar common stock to a grantor retained annuity trust for the benefit of the reporting person and his children.
F3 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.
F4 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.