X0306
4
2023-02-17
0001289419
Morningstar, Inc.
MORN
0001324069
Mansueto Joseph D
22 W. WASHINGTON
CHICAGO
IL
60602
1
1
1
0
Executive Chairman
Common Stock
2023-02-17
4
S
0
2514
236.7095
D
11616278
D
Common Stock
2023-02-17
4
S
0
2711
237.8066
D
11613567
D
Common Stock
2023-02-17
4
S
0
122
238.4223
D
11613445
D
Common Stock
4798975
I
By Trust
Common Stock
150000
I
By Trust
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.
The transaction was executed in multiple trades at prices ranging from $236.3600 to $237.3500. 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 $237.3700 to $238.3400. 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 $238.4150 to $238.4600. 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.
/s/ Leah Trzcinski, by power of attorney
2023-02-21