Mansueto Joseph D 4

What Happened

Joseph D. Mansueto, a 10% owner of Morningstar, sold a total of 9,520 Morningstar shares in open‑market transactions on May 21–22, 2026. The nine disposals had weighted‑average prices ranging roughly from $172 to $179.86 and generated aggregate proceeds of about $1.65 million. All sales were reported as disposals (not purchases) and were effected under a previously adopted Rule 10b5‑1 trading plan.

Key Details

• Transaction dates: May 21–22, 2026 (filed May 22, 2026).
• Total shares sold: 9,520; total proceeds: ~$1,651,984.
• Reported weighted‑average prices for the individual lots ranged from about $172.33 to $179.52; detailed trade price ranges in the filing span ~$171.67 to $179.86 (sales executed in multiple trades; weighted averages shown).
• Shares held after the transactions: not specified in this Form 4.
• Notable footnotes: sales were made pursuant to a Rule 10b5‑1 plan (F1); several lines note execution across multiple trades with price ranges (F2–F10); some shares are held in trusts/grantor retained annuity trusts for the reporting person’s children with the reporting person or spouse as trustee (F11, F12).
• Filing timeliness: Form 4 was filed the next day (May 22) and is not marked as late.

Context

• These were scheduled open‑market sales by a significant (10%) shareholder rather than new purchases; such sales are often part of personal or estate planning and were executed under a pre‑arranged 10b5‑1 plan. This filing shows disposition of shares, not an acquisition or option exercise.