Mansueto Joseph D 4
4 · Morningstar, Inc. · Filed Feb 25, 2026
Insider Transaction Report
Form 4
Mansueto Joseph D
DirectorExecutive Chairman10% Owner
Transactions
- Sale
Common Stock
[F1][F2]2026-02-24$156.92/sh−442$69,357→ 8,169,912 total - Sale
Common Stock
[F1][F3]2026-02-24$157.96/sh−2,298$362,987→ 8,167,614 total - Sale
Common Stock
[F1][F4]2026-02-24$159.32/sh−1,286$204,885→ 8,166,328 total - Sale
Common Stock
[F1][F5]2026-02-24$160.51/sh−1,965$315,407→ 8,164,363 total - Sale
Common Stock
[F1][F6]2026-02-24$161.36/sh−910$146,837→ 8,163,453 total - Sale
Common Stock
[F1][F7]2026-02-24$162.43/sh−347$56,362→ 8,163,106 total - Sale
Common Stock
[F1]2026-02-24$163.01/sh−2$326→ 8,163,104 total - Sale
Common Stock
[F1][F8]2026-02-25$162.32/sh−1,395$226,442→ 8,161,709 total - Sale
Common Stock
[F1][F9]2026-02-25$163.46/sh−300$49,037→ 8,161,409 total - Sale
Common Stock
[F1][F10]2026-02-25$164.72/sh−3,650$601,224→ 8,157,759 total - Sale
Common Stock
[F1][F11]2026-02-25$165.43/sh−1,102$182,308→ 8,156,657 total - Sale
Common Stock
[F1][F12]2026-02-25$167.22/sh−78$13,043→ 8,156,579 total - Sale
Common Stock
[F1][F13]2026-02-25$168.38/sh−234$39,402→ 8,156,345 total - Sale
Common Stock
[F1][F14]2026-02-25$169.71/sh−130$22,062→ 8,156,215 total - Sale
Common Stock
[F1][F15]2026-02-25$170.77/sh−104$17,760→ 8,156,111 total - Sale
Common Stock
[F1][F16]2026-02-25$172.16/sh−231$39,769→ 8,155,880 total - Sale
Common Stock
[F1]2026-02-25$172.87/sh−26$4,495→ 8,155,854 total
Holdings
- 6,282,935(indirect: By Trust)
Common Stock
[F17] - 150,000(indirect: By Trust)
Common Stock
[F18]
Footnotes (18)
- [F1]The sales reported on this Form 4 were effected pursuant to a Rule 10b5-1 trading plan adopted by the reporting person on November 15, 2024.
- [F10]The transaction was executed in multiple trades at prices ranging from $164.1600 to $165.1200. The price reported above reflects the weighted average sales 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.
- [F11]The transaction was executed in multiple trades at prices ranging from $165.1650 to $165.9500. The price reported above reflects the weighted average sales 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.
- [F12]The transaction was executed in multiple trades at prices ranging from $166.9850 to $167.4200. The price reported above reflects the weighted average sales 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.
- [F13]The transaction was executed in multiple trades at prices ranging from $168.1000 to $168.8500. The price reported above reflects the weighted average sales 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.
- [F14]The transaction was executed in multiple trades at prices ranging from $169.3600 to $170.2100. The price reported above reflects the weighted average sales 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.
- [F15]The transaction was executed in multiple trades at prices ranging from $170.4450 to $171.2600. The price reported above reflects the weighted average sales 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.
- [F16]The transaction was executed in multiple trades at prices ranging from $171.7300 to $172.7000. The price reported above reflects the weighted average sales 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.
- [F17]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.
- [F18]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.
- [F2]The transaction was executed in multiple trades at prices ranging from $156.5050 to $157.3600. The price reported above reflects the weighted average sales 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.
- [F3]The transaction was executed in multiple trades at prices ranging from $157.5550 to $158.4500. The price reported above reflects the weighted average sales 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.
- [F4]The transaction was executed in multiple trades at prices ranging from $158.8050 to $159.7000. The price reported above reflects the weighted average sales 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.
- [F5]The transaction was executed in multiple trades at prices ranging from $159.9900 to $160.9800. The price reported above reflects the weighted average sales 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.
- [F6]The transaction was executed in multiple trades at prices ranging from $161.0000 to $161.9900. The price reported above reflects the weighted average sales 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.
- [F7]The transaction was executed in multiple trades at prices ranging from $162.0050 to $162.9850. The price reported above reflects the weighted average sales 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.
- [F8]The transaction was executed in multiple trades at prices ranging from $161.9800 to $162.8950. The price reported above reflects the weighted average sales 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.
- [F9]The transaction was executed in multiple trades at prices ranging from $163.1000 to $163.8350. The price reported above reflects the weighted average sales 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.
Signature
/s/ Kathleen Peacock, by power of attorney|2026-02-25