Joseph D. Mansueto - Feb 17, 2023 Form 4 Insider Report for Morningstar, Inc. (MORN)

Role
Executive Chairman, Director, 10%+ Owner
Signature
/s/ Leah Trzcinski, by power of attorney
Stock symbol
MORN
Transactions as of
Feb 17, 2023
Transactions value $
-$1,268,869
Form type
4
Date filed
2/21/2023, 01:43 PM
Previous filing
Feb 17, 2023
Next filing
Feb 23, 2023

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction MORN Common Stock Sale -$595K -2.51K -0.02% $236.71 11.6M Feb 17, 2023 Direct F1, F2
transaction MORN Common Stock Sale -$645K -2.71K -0.02% $237.81 11.6M Feb 17, 2023 Direct F1, F3
transaction MORN Common Stock Sale -$29.1K -122 0% $238.42 11.6M Feb 17, 2023 Direct F1, F4
holding MORN Common Stock 4.8M Feb 17, 2023 By Trust F5
holding MORN Common Stock 150K Feb 17, 2023 By Trust F6
* 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 $236.3600 to $237.3500. 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 $237.3700 to $238.3400. 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.
F4 The transaction was executed in multiple trades at prices ranging from $238.4150 to $238.4600. 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 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.
F6 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.