Joseph D. Mansueto - 07 May 2021 Form 4 Insider Report for Morningstar, Inc. (MORN)

Signature
/s/ Patrick Maloney, by power of attorney
Issuer symbol
MORN
Transactions as of
07 May 2021
Net transactions value
-$2,753,461
Form type
4
Filing time
11 May 2021, 14:03:18 UTC
Previous filing
07 May 2021
Next filing
13 May 2021

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction MORN Common Stock Sale $539,699 -2,071 -0.01% $260.60 18,721,160 07 May 2021 Direct F1, F2
transaction MORN Common Stock Sale $1,324,904 -5,061 -0.03% $261.79 18,716,099 07 May 2021 Direct F1, F3
transaction MORN Common Stock Sale $204,117 -777 -0% $262.70 18,715,322 07 May 2021 Direct F1, F4
transaction MORN Common Stock Sale $94,074 -357 -0% $263.51 18,714,965 07 May 2021 Direct F1, F5
transaction MORN Common Stock Sale $392,058 -1,499 -0.01% $261.55 18,713,466 10 May 2021 Direct F1, F6
transaction MORN Common Stock Sale $198,611 -757 -0% $262.37 18,712,709 10 May 2021 Direct F1, F7
holding MORN Common Stock 150,000 07 May 2021 ByTrust F8
* 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 November 19, 2020.
F2 The transaction was executed in multiple trades at prices ranging from $260.28 to $261.21. 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 $261.2350 to $262.17. 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 $262.3125 to $263.1250. 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 $263.45 to $263.67. 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 $261.10 to $262.06. 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 $262.24 to $262.8750. 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 shares are held in trusts for the benefit of the reporting person's children. The reporting person's spouse is trustee of the trusts.