Steven N. Kaplan - Mar 11, 2024 Form 4 Insider Report for Morningstar, Inc. (MORN)

Role
Director
Signature
/s/ Kathleen Peacock, by power of attorney
Stock symbol
MORN
Transactions as of
Mar 11, 2024
Transactions value $
-$383,517
Form type
4
Date filed
3/12/2024, 05:16 PM
Previous filing
May 17, 2023
Next filing
May 13, 2024

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction MORN Common Stock Sale -$384K -1.25K -2.74% $306.81 44.4K Mar 11, 2024 Direct F1, F2
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

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).

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 3, 2023.
F2 The transaction was executed in multiple trades at prices ranging from $305.6400 to $307.7500. 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.