Conan Wiersema - 01 Mar 2026 Form 4 Insider Report for Morningstar, Inc. (MORN)

Role: CAO & PAO
Signature: /s/ Kathleen Peacock, by power of attorney
Issuer symbol: MORN
Transactions as of: 01 Mar 2026
Net transactions value: $0
Form type: 4
Filing time: 03 Mar 2026, 18:36:46 UTC
Previous filing: 18 Nov 2025
SEC: View on sec.gov

Reporting Owners (1)

Name	Relationship	Address	Signature	Signature date	CIK
Wiersema Conan	CAO & PAO	C/O MORNINGSTAR, INC., 22 W. WASHINGTON STREET, CHICAGO	/s/ Kathleen Peacock, by power of attorney	03 Mar 2026	0002015224

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
transaction	MORN	Common Stock (Restricted Stock Units)	Award	$0	+301	+15%	$0.000000	2,286	01 Mar 2026	Direct	F1, F2

* 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 full on September 1, 2027, pursuant to the terms of the award agreement.
F2	Amount includes 114 restricted stock units that were part of a grant reported on May 15, 2025 but were inadvertently omitted from the reported amount of securities beneficially owned in subsequent Form 4 filings.