Morningstar (MORN) 10% Owner Daniel Mansueto Transfers 376,969 Shares

What Happened
Daniel Mansueto, a reported 10% owner of Morningstar, Inc. (MORN), recorded a disposition/transfer of 376,969 shares on August 24, 2026. The filing shows a $0.00 price and $0 total proceeds — the transfer was a scheduled annuity distribution from a grantor retained annuity trust to the grantor, not an open-market sale.

Key Details

• Transaction date: August 24, 2026; Filing date: August 26, 2026 (appears timely, within typical 2-business-day Section 16 reporting window).
• Reported transaction type/code: Other disposition (code J).
• Shares transferred: 376,969; reported price: $0.00; reported transaction value: $0.
• Ownership after transaction: Not specified in the provided filing.
• Footnotes of note: the shares were held in grantor retained annuity trusts for which Mansueto serves as voting agent (F1, F2) and in a trust for which he serves as trustee (F3). Mansueto disclaims beneficial ownership of the trust-held shares except for any pecuniary interest.

Context
This was a trust/annuity distribution (internal trust transaction) rather than a public sale or open-market trade. Such transfers often reflect trust administration or tax/estate planning and do not necessarily signal buying or selling sentiment by the insider.