Joseph D. Mansueto - 19 May 2021 Form 4 Insider Report for Morningstar, Inc. (MORN)

Signature
/s/ Patrick Maloney, by power of attorney
Issuer symbol
MORN
Transactions as of
19 May 2021
Net transactions value
-$4,757,200
Form type
4
Filing time
21 May 2021, 13:00:21 UTC
Previous filing
19 May 2021
Next filing
25 May 2021

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction MORN Common Stock Sale $147,476 -630 -0% $234.09 18,691,206 19 May 2021 Direct F1, F2
transaction MORN Common Stock Sale $499,747 -2,121 -0.01% $235.62 18,689,085 19 May 2021 Direct F1, F3
transaction MORN Common Stock Sale $11,106 -47 -0% $236.30 18,689,038 19 May 2021 Direct F1
transaction MORN Common Stock Sale $200,482 -858 -0% $233.66 18,688,180 20 May 2021 Direct F1, F4
transaction MORN Common Stock Sale $479,856 -2,044 -0.01% $234.76 18,686,136 20 May 2021 Direct F1, F5
transaction MORN Common Stock Sale $639,541 -2,711 -0.01% $235.91 18,683,425 20 May 2021 Direct F1, F6
transaction MORN Common Stock Sale $666,353 -2,814 -0.02% $236.80 18,680,611 20 May 2021 Direct F1, F7
transaction MORN Common Stock Sale $1,004,842 -4,222 -0.02% $238.00 18,676,389 20 May 2021 Direct F1, F8
transaction MORN Common Stock Sale $1,107,796 -4,637 -0.02% $238.90 18,671,752 20 May 2021 Direct F1, F9
holding MORN Common Stock 150,000 19 May 2021 ByTrust F10
* 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 $234.00 to $234.68. 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 $235.04 to $235.99. 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 $232.98 to $233.93. 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 $234.3075 to $235.26. 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 $235.43 to $236.3150. 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 $236.4550 to $237.24. 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 $237.50 to $238.48. 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 $238.5050 to $239.44. 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 shares are held in trusts for the benefit of the reporting person's children. The reporting person's spouse is trustee of the trusts.