Mansueto Joseph D 4

What Happened
Joseph D. Mansueto, a reported 10% owner of Morningstar, sold 3,122 shares of MORN on March 2, 2026. The weighted-average sale price was $182.32 per share, for total proceeds of $569,191. The sale was reported as an open-market (or private) sale and is generally considered a disposition rather than a bullish purchase signal.

Key Details

• Transaction date: March 2, 2026
• Transaction type: Sale (S) — open-market/private sale executed in multiple trades
• Shares sold: 3,122; Weighted-average price: $182.32; Total proceeds: $569,191
• Price range across trades: $182.14 to $182.83 (sales executed in multiple trades; full trade-by-trade detail available upon request per filer)
• Shares owned after transaction: Not specified in the provided filing
• Footnotes of note:
  • F1: Sale effected pursuant to a Rule 10b5-1 trading plan adopted Nov 15, 2024.
  • F2: Multiple-trade execution with prices as noted; reporting person will provide full trade details on request.
  • F3/F4: Some shares are held in grantor retained annuity trusts and trusts for the reporting person’s children; the reporting person and spouse serve as trustees for those trusts.
• Filing timeliness: Reported for the transaction date (no late-filing indication in the provided data).

Context
A 10b5-1 plan is a pre-set trading arrangement that allows insiders to sell shares at predetermined times or prices; sales under such plans are often routine and intended for diversification or tax/planning needs rather than signaling a change in view about the company. As a 10% owner (large shareholder), Mansueto’s sale should be viewed as a disposition by a major holder; purchases generally carry more weight as a positive signal than routine sales.