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Filing Details

Accession Number:: 0001062993-22-021643
Form Type:: 4
Zero Holdings:: No
Publication Time:: 2022-11-07 14:36:24
Reporting Period:: 2022-11-04

Accepted Time:: 2022-11-07 14:36:24
SEC Url:: Form 4 Filing

Issuer

Cik	Name	Symbol	Sector (SIC)	IRS No
1289419	Morningstar Inc.	MORN	Investment Advice (6282)	363297908

Insiders

Cik	Name	Reported Address	Insider Title	Director	Officer	Large Shareholder	Other
1324069	D Joseph Mansueto	22 W. Washington Chicago IL 60602	Executive Chairman	Yes	Yes	Yes	No

Reported Non-Derivative Transactions

Show Other Fields >>

Sec. Name	Acquisiton - Disposition	Date	Amount	Price	Remaning Holdings	Equity Swap Involved	Form Type	Code	Nature of Ownership
Common Stock	Disposition	2022-11-04	1,020	$228.89	12,523,205	No	4	S	Direct
Common Stock	Disposition	2022-11-04	4,041	$229.91	12,519,164	No	4	S	Direct
Common Stock	Disposition	2022-11-04	3,479	$230.77	12,515,685	No	4	S	Direct
Common Stock	Disposition	2022-11-04	890	$231.71	12,514,795	No	4	S	Direct
Common Stock	Disposition	2022-11-04	546	$232.94	12,514,249	No	4	S	Direct
Common Stock	Disposition	2022-11-04	584	$233.99	12,513,665	No	4	S	Direct

Equity Swap Involved	Form Type	Code	Nature of Ownership
No	4	S	Direct
No	4	S	Direct
No	4	S	Direct
No	4	S	Direct
No	4	S	Direct
No	4	S	Direct

Reported Non-Derivative Holdings

Sec. Name	Remaning Holdings	Nature of Ownership	Explanation
Common Stock	4,198,975	Indirect	By Trust
Common Stock	150,000	Indirect	By Trust

Footnotes

The sales reported on this Form 4 were effected pursuant to a Rule 10b5-1 trading plan adopted by the reporting person on August 31, 2022.
On August 23, 2021, the reporting person contributed 4,500,000 shares of Morningstar common stock to grantor retained annuity trusts for the benefit of himself and his three children. Pursuant to the terms of such trusts, 301,025 shares were distributed to the reporting person on September 27, 2022 and are reported as directly owned in this Form 4. The reporting person's Forms 4 filed on September 28, September 30, and October 4, 2022 did not reflect this adjustment between direct and indirect holdings due to administrative error.
The transaction was executed in multiple trades at prices ranging from $228.3500 to $229.2600. The price reported above reflects the weighted average sale price. The reporting person hereby undertakes to provide upon request to the SEC staff, Morningstar or a shareholder of Morningstar full information regarding the number of shares and prices at which the transaction was effected.
The transaction was executed in multiple trades at prices ranging from $229.3500 to $230.3400. The price reported above reflects the weighted average sale price. The reporting person hereby undertakes to provide upon request to the SEC staff, Morningstar or a shareholder of Morningstar full information regarding the number of shares and prices at which the transaction was effected.
The transaction was executed in multiple trades at prices ranging from $230.3600 to $231.2600. The price reported above reflects the weighted average sale price. The reporting person hereby undertakes to provide upon request to the SEC staff, Morningstar or a shareholder of Morningstar full information regarding the number of shares and prices at which the transaction was effected.
The transaction was executed in multiple trades at prices ranging from $231.4200 to $232.2200. The price reported above reflects the weighted average sale price. The reporting person hereby undertakes to provide upon request to the SEC staff, Morningstar or a shareholder of Morningstar full information regarding the number of shares and prices at which the transaction was effected.
The transaction was executed in multiple trades at prices ranging from $232.4600 to $233.3900. The price reported above reflects the weighted average sale price. The reporting person hereby undertakes to provide upon request to the SEC staff, Morningstar or a shareholder of Morningstar full information regarding the number of shares and prices at which the transaction was effected.
The transaction was executed in multiple trades at prices ranging from $233.5900 to $234.4200. The price reported above reflects the weighted average sale price. The reporting person hereby undertakes to provide upon request to the SEC staff, Morningstar or a shareholder of Morningstar full information regarding the number of shares and prices at which the transaction was effected.
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.
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.