| Type | Sym | Class | Transaction | Value $ | Shares | Change % | * Price $ | Shares After | Date | Ownership | Footnotes |
|---|---|---|---|---|---|---|---|---|---|---|---|
| transaction | MORN | Common Stock | Gift | $0 | -119K | -1.18% | $0.00 | 9.96M | Dec 6, 2024 | Direct | F1, F2, F3 |
| holding | MORN | Common Stock | 5.06M | Dec 6, 2024 | By Trust | F4 | |||||
| holding | MORN | Common Stock | 150K | Dec 6, 2024 | By Trust | F5 |
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 | 118,508 shares of Morningstar common stock were distributed on December 6, 2024 to remainder trusts created for the benefit of the children of the reporting person, pursuant to the terms of a grantor retained annuity trust. |
| F2 | In the fourth quarter of 2024, the reporting person contributed 1,000,000 shares of Morningstar common stock to a grantor retained annuity trust for the benefit of the reporting person and his children which are now reported as indirect holdings. |
| F3 | In the fourth quarter of 2024, 234,460 shares were distributed to the reporting person from a grantor retained annuity trust established for the benefit of the reporting person and his children which were previously included as indirect holdings and are now reported as directly held. |
| F4 | 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. |
| F5 | 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. |