Joseph D. Mansueto - Mar 3, 2023 Form 4 Insider Report for Morningstar, Inc. (MORN)

Signature
/s/ Leah Trzcinski, by power of attorney
Stock symbol
MORN
Transactions as of
Mar 3, 2023
Transactions value $
-$4,767,647
Form type
4
Date filed
3/7/2023, 01:32 PM
Previous filing
Mar 3, 2023
Next filing
Mar 9, 2023

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction MORN Common Stock Sale -$592K -2.86K -0.02% $206.98 11.5M Mar 3, 2023 Direct F1, F2
transaction MORN Common Stock Sale -$543K -2.61K -0.02% $207.90 11.5M Mar 3, 2023 Direct F1, F3
transaction MORN Common Stock Sale -$214K -1.03K -0.01% $208.82 11.5M Mar 3, 2023 Direct F1, F4
transaction MORN Common Stock Sale -$405K -1.93K -0.02% $210.15 11.5M Mar 3, 2023 Direct F1, F5
transaction MORN Common Stock Sale -$920K -4.36K -0.04% $210.86 11.5M Mar 3, 2023 Direct F1, F6
transaction MORN Common Stock Sale -$21.1K -100 0% $211.46 11.5M Mar 3, 2023 Direct F1
transaction MORN Common Stock Sale -$497K -2.36K -0.02% $210.65 11.5M Mar 6, 2023 Direct F1, F7
transaction MORN Common Stock Sale -$273K -1.29K -0.01% $211.68 11.5M Mar 6, 2023 Direct F1, F8
transaction MORN Common Stock Sale -$633K -2.98K -0.03% $212.56 11.5M Mar 6, 2023 Direct F1, F9
transaction MORN Common Stock Sale -$425K -1.99K -0.02% $213.86 11.5M Mar 6, 2023 Direct F1, F10
transaction MORN Common Stock Sale -$217K -1.01K -0.01% $214.52 11.5M Mar 6, 2023 Direct F1, F11
transaction MORN Common Stock Sale -$25.8K -120 0% $215.23 11.5M Mar 6, 2023 Direct F1
holding MORN Common Stock 4.8M Mar 3, 2023 By Trust F12
holding MORN Common Stock 150K Mar 3, 2023 By Trust F13
* 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 $206.3600 to $207.2700. 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 $207.3700 to $208.3500. 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.
F4 The transaction was executed in multiple trades at prices ranging from $208.4300 to $209.4100. 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 $209.4600 to $210.4500. 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 $210.4600 to $211.4200. 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.
F7 The transaction was executed in multiple trades at prices ranging from $210.0700 to $211.0600. 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 $211.0800 to $212.0700. 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 $212.1700 to $213.0000. 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 $213.2100 to $214.1900. 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 transaction was executed in multiple trades at prices ranging from $214.2300 to $215.0650. 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.
F12 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.
F13 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.