Welcome to our dedicated page for Morningstar SEC filings (Ticker: MORN), a comprehensive resource for investors and traders seeking official regulatory documents including 10-K annual reports, 10-Q quarterly earnings, 8-K material events, and insider trading forms.
Morningstar, Inc.'s SEC filings document formal disclosures for a public investment-research, data, ratings, indexes, and advisory-services company. Recent 8-K reports cover operating results, supplemental presentations, shareholder letters, Regulation FD investor Q&A materials, quarterly dividend declarations, and other material-event reporting.
Proxy and annual meeting filings document board composition, director elections, advisory executive-compensation votes, auditor ratification, and related governance matters. The company's filings also discuss capital-structure items, material agreements, and risk factors tied to brand independence, cybersecurity, data and information liability, artificial intelligence, strategic transactions, indebtedness, regulatory conditions, and business continuity.
Morningstar, Inc. (MORN) reported that its Chief Accounting Officer and Principal Accounting Officer, Conan Wiersema, had 29 shares of common stock withheld on September 1, 2026 to pay tax liabilities arising from the vesting of a restricted stock unit grant made on March 1, 2025. The shares were valued at $218.94 per share for this tax-withholding transaction, and Wiersema now holds 3,068 Morningstar common shares directly. No transactions were reported as being made under a Rule 10b5-1 trading plan.
Morningstar, Inc. (MORN) reported that its Chief Financial Officer, Michael Holt, had 54 shares of common stock withheld on September 1, 2026 to satisfy tax liabilities upon the vesting of a restricted stock unit grant made on March 1, 2025. This was a share disposition for tax withholding, not an open-market sale, and left Holt with 12,271.949 shares of Morningstar common stock held directly. No Rule 10b5-1 trading plan is reported in connection with this transaction.
Morningstar, Inc. (symbol: MORN) is the issuer of record for a Form 4 filing submitted to the SEC.
Morningstar, Inc. (MORN) furnished an investor Q&A addressing strategy, AI, pricing, capital allocation, and segment trends. Management explains how Model Context Protocol (MCP) connectors and AI-native tools are being integrated into platforms like Morningstar Direct and PitchBook, while preserving licensing relationships and exploring value- and consumption-based pricing models alongside traditional seat-based licenses.
The Q&A notes modest year-over-year compression in adjusted operating income margins in Q2 2026 for Direct Platform (45.2% vs. 46.0%) and PitchBook (30.3% vs. 31.7%) driven by ongoing investment, and details product sunsetting headwinds, including a $5.8 million negative organic revenue impact in Morningstar Wealth and $1.7 million in Morningstar Sustainalytics. Morningstar highlights continued AI and data investments, a capital allocation focus that has reduced shares outstanding by 5.6% year-to-date through June 2026, and more than 600 credit rating analysts and support staff in Morningstar Credit. Management reiterates its long-term focus on balancing platform, data, and connector monetization and assessing reportable segment structure under ASC 280.
Morningstar, Inc. (MORN) reported that insider Joseph D. Mansueto, Executive Chairman and ten percent owner, sold a total of 5,659 shares of common stock on August 24, 2026. The shares were sold in multiple open-market transactions at weighted-average prices between approximately $216 and $221 per share under a Rule 10b5-1 trading plan adopted on November 19, 2025.
Morningstar, Inc. (MORN) reported that Executive Chairman and ten percent owner Joseph D. Mansueto sold 11,345 shares of common stock in the open market on August 20–21, 2026, across seven transactions at weighted average prices between $212.8663 and $217.5665. These sales were made pursuant to a Rule 10b5-1 trading plan adopted on November 19, 2025. Additional shares are held indirectly in various trusts for the benefit of Mansueto and his children.
Morningstar, Inc. (MORN) reports that Executive Chairman and ten percent owner Joseph D. Mansueto sold an aggregate of 21,750 shares of common stock in 15 open-market transactions on August 17–19, 2026. The sales, executed at weighted-average prices between $206.8431 and $217.0109 per share, were made pursuant to a Rule 10b5-1 trading plan adopted on November 19, 2025. Additional shares are held indirectly in grantor retained annuity trusts for his benefit and in trusts for his children.
Morningstar, Inc. Executive Chairman and 10% owner Joseph D. Mansueto reported open-market sales of 14,500 shares of Morningstar common stock over August 13–14, 2026, in 12 separate transactions at weighted-average prices generally between the high $190s and low $200s per share.
All reported sales were made pursuant to a Rule 10b5-1 trading plan adopted on November 19, 2025. The filing also notes indirect holdings in grantor retained annuity trusts and other trusts for the benefit of the reporting person and his children.
Baron Capital Group, Inc., BAMCO, Inc., Baron Capital Management, Inc., and Ronald Baron report beneficial ownership of 3,499,146 shares of Morningstar, Inc. common stock, representing 9.2% of the class. The group reports no sole voting or dispositive power, with shared voting power over 3,495,380 shares and shared dispositive power over 3,499,146 shares. The shares are held in advisory client accounts of BAMCO and Baron Capital Management, whose clients have the economic right to dividends and sale proceeds, and, to the filers’ knowledge, no individual client holds more than 5% of the outstanding shares. BAMCO and Baron Capital Management are subsidiaries of Baron Capital Group, which is controlled by Ronald Baron.
Morningstar, Inc. Executive Chairman and more-than-10% owner Joseph D. Mansueto reported open-market sales of Morningstar common stock totaling 15,474 shares over August 10–12, 2026, at weighted average prices between approximately $194.96 and $201.84 per share. The sales were effected pursuant to a Rule 10b5-1 trading plan adopted on November 19, 2025. Additional shares are held indirectly in grantor retained annuity trusts and other trusts for the benefit of the reporting person and his children.