Caroline J. Tsay - 15 May 2025 Form 4 Insider Report for Morningstar, Inc. (MORN)

Role
Director
Signature
/s/ Kathleen Peacock, by power of attorney
Issuer symbol
MORN
Transactions as of
15 May 2025
Net transactions value
-$61,968
Form type
4
Filing time
19 May 2025, 21:04:47 UTC
Previous filing
05 May 2025
Next filing
10 Jun 2025
SEC
View on sec.gov

Reporting Owners (1)

Name Relationship Address Signature Signature date CIK
TSAY CAROLINE J Director 22 WEST WASHINGTON ST, CHICAGO /s/ Kathleen Peacock, by power of attorney 19 May 2025 0001628434

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction MORN Common Stock (Restricted Stock Units) Award $0 +620 +16% $0.000000 4,545 15 May 2025 Direct F1
transaction MORN Common Stock Sale $61,968 -200 -4.4% $309.84 4,345 16 May 2025 Direct
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Each restricted stock unit represents a contingent right to receive one share of Morningstar, Inc. common stock. The restricted stock units vest in three equal annual installments beginning May 15, 2026.