Joseph D. Mansueto - 30 Jun 2025 Form 4 Insider Report for Morningstar, Inc. (MORN)

Signature
/s/ Kathleen Peacock, by power of attorney
Issuer symbol
MORN
Transactions as of
30 Jun 2025
Net transactions value
$0
Form type
4
Filing time
30 Jun 2025, 17:21:11 UTC
Previous filing
27 May 2025
Next filing
06 Aug 2025

Reporting Owners (1)

Name Relationship Address Signature Signature date CIK
Mansueto Joseph D Executive Chairman, Director, 10%+ Owner 22 W. WASHINGTON, CHICAGO /s/ Kathleen Peacock, by power of attorney 30 Jun 2025 0001324069

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction MORN Common Stock Gift $0 -15,000 -0.16% $0.000000 9,412,836 30 Jun 2025 Direct
holding MORN Common Stock 5,336,106 30 Jun 2025 By Trust F1
holding MORN Common Stock 150,000 30 Jun 2025 By Trust F2
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

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).

Explanation of Responses:

Id Content
F1 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.
F2 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.