| Type | Sym | Class | Transaction | Value $ | Shares | Change % | * Price $ | Shares After | Date | Ownership | Footnotes |
|---|---|---|---|---|---|---|---|---|---|---|---|
| transaction | MORN | Common Stock | Sale | -$719K | -3.26K | -0.03% | $220.53 | 11.6M | Aug 25, 2023 | Direct | F1, F2, F3 |
| transaction | MORN | Common Stock | Sale | -$1.84M | -8.29K | -0.07% | $221.37 | 11.6M | Aug 25, 2023 | Direct | F1, F4 |
| transaction | MORN | Common Stock | Sale | -$244K | -1.1K | -0.01% | $222.15 | 11.6M | Aug 25, 2023 | Direct | F1, F5 |
| transaction | MORN | Common Stock | Sale | -$48.7K | -220 | 0% | $221.54 | 11.6M | Aug 28, 2023 | Direct | F1, F6 |
| transaction | MORN | Common Stock | Sale | -$452K | -2.03K | -0.02% | $222.62 | 11.6M | Aug 28, 2023 | Direct | F1, F7 |
| transaction | MORN | Common Stock | Sale | -$422K | -1.89K | -0.02% | $223.60 | 11.6M | Aug 28, 2023 | Direct | F1, F8 |
| transaction | MORN | Common Stock | Sale | -$297K | -1.32K | -0.01% | $224.72 | 11.6M | Aug 28, 2023 | Direct | F1, F9 |
| transaction | MORN | Common Stock | Sale | -$915K | -4.05K | -0.04% | $225.91 | 11.6M | Aug 28, 2023 | Direct | F1, F10 |
| transaction | MORN | Common Stock | Sale | -$631K | -2.78K | -0.02% | $226.77 | 11.6M | Aug 28, 2023 | Direct | F1, F11 |
| transaction | MORN | Common Stock | Sale | -$81.9K | -360 | 0% | $227.47 | 11.6M | Aug 28, 2023 | Direct | F1, F12 |
| holding | MORN | Common Stock | 4.4M | Aug 25, 2023 | By Trust | F13 | |||||
| holding | MORN | Common Stock | 150K | Aug 25, 2023 | By Trust | F14 |
Buy Plan / Sale Plan: These are also open market purchases/sales of shares, but in this case the transaction is part of a trading plan. Rule 10b5-1 allows insiders to setup a trading plan to buy/sell stocks over a certain period of time. Since the purchases/sales are predetermined, this protects the insiders from violating insider trading law.
Transaction was made pursuant to a contract, instruction or written plan for the purchase or sale of equity securities of the issuer that is intended to satisfy the affirmative defense conditions of Rule 10b5-1(c).
| 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 February 28, 2023. |
| F2 | On August 23, 2021, the reporting person contributed 4,500,000 shares of Morningstar common stock to grantor retained annuity trusts for the benefit of himself and his children. Pursuant to the terms of such trusts, 301,025 shares were distributed to the reporting person on September 27, 2022. On December 6, 2022, the reporting person contributed 600,000 shares of Morningstar common stock to such trusts. Pursuant to the terms of such trusts, 399,280 shares were distributed to the reporting person on August 23, 2023 and are reported as directly owned in this Form 4. The reporting person's Form 4 filed on August 23, 2023 did not reflect this adjustment between direct and indirect holdings due to administrative error. |
| F3 | The transaction was executed in multiple trades at prices ranging from $219.9500 to $220.9400. 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 $220.9500 to $221.9200. 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 $222.0450 to $222.3200. 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 $221.1000 to $221.9100. 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 $222.1200 to $223.0875. 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 $223.2750 to $224.2550. 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 $224.3000 to $225.2200. 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 $225.3500 to $226.3000. 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 $226.3700 to $227.2800. 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 transaction was executed in multiple trades at prices ranging from $227.3800 to $227.7100. 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. |
| F13 | 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. |
| F14 | 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. |