Cheryl A. Francis - 01 May 2020 Form 4/A - Amendment Insider Report for Morningstar, Inc. (MORN)

Role: Director
Signature: /s/ Patrick Maloney, by power of attorney
Issuer symbol: MORN
Transactions as of: 01 May 2020
Net transactions value: -$38.94
Form type: 4/A - Amendment
Filing time: 12 Nov 2021, 11:55:54 UTC
Date Of Original Report: 05 May 2020
Next filing: 13 May 2021
SEC: View on sec.gov

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
transaction	MORN	Common Stock	Options Exercise	$132,660	+2,316	+7.7%	$57.28	32,208	01 May 2020	Direct	F1
transaction	MORN	Common Stock	Sale	$132,699	-874	-2.7%	$151.83	31,340	01 May 2020	Direct	F2, F3

Derivative Securities (e.g., puts, calls, warrants, options, convertible securities)

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Underlying Class	Amount	Exercise Price	Ownership	Footnotes
transaction	MORN	Stock Options (Right to Buy)	Options Exercise	$0	+2,316		$0.000000	$0	01 May 2020	Common Stock	2,316	$57.28	Direct	F4

* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id	Content
F1	This amended Form 4 reports the reporting person's stock option exercise which was inadvertently omited from the original Form 4.
F2	The sales reported on this Form 4 were effected pursuant to a Rule 10b5-1 trading plan adopted by the reporting person on November 1, 2019.
F3	This amended Form 4 reports again the reporting person's disposition of stock reported on the original Form 4 and increases the total reported number of shares beneficially owned by 6 to reflect the cumulative impact of rounding of fractional shares in previously reported transactions.
F4	The options became exercisable in three equal installments beginning May 15, 2012.