Morningstar, Inc. (MORN) insider plans sale of 100,000 founders shares

Rhea-AI Filing Summary

Morningstar, Inc. received a Form 144 notice relating to a potential sale of 100,000 Class A common shares, described as Founders Shares, to be sold through Charles Schwab & Co. Inc. The shares were originally acquired on 05/01/1984, and the proposed sale date is 08/03/2026. The filing also lists multiple prior sales of Morningstar stock by Joseph D. Mansueto during May 2026, each showing the number of shares and total dollar proceeds for those transactions.

Key Figures

Proposed shares to be sold: 100000 shares Original acquisition date: 05/01/1984 Proposed sale date: 08/03/2026 +4 more

7 metrics

Proposed shares to be sold 100000 shares Class A common founders shares covered by Form 144

Original acquisition date 05/01/1984 Acquisition date of the 100,000 founders shares

Proposed sale date 08/03/2026 Planned date for sale of the 100,000 Class A shares

Sale 1 shares 7250 shares Shares sold on 05/04/2026 by Joseph D. Mansueto

Sale 1 proceeds 1232315.00 Total dollar amount for 7,250 shares sold on 05/04/2026

Sale 2 shares 4002 shares Shares sold on 05/08/2026 by Joseph D. Mansueto

Sale 2 proceeds 708675.00 Total dollar amount for 4,002 shares sold on 05/08/2026

Key Terms

Form 144, Founders Shares, Class A Common Shares

3 terms

Form 144 regulatory

"144: Securities To Be Sold"

Form 144 is a document that investors must file with the government when they plan to sell a large number of shares of a company's stock. It helps ensure transparency so everyone knows how many shares are being sold and when, which can impact the stock's price.

Founders Shares financial

"Common | 05/01/1984 | Founders Shares | MORNINGSTAR, INC."

Founders shares are a special block of a company’s stock originally given to the people who started the business; they often carry extra voting power or favorable terms compared with regular shares. For investors, these shares matter because they concentrate control and influence how future funding, ownership dilution, and decision-making will play out—think of founders shares as the steering wheel that can steer a company’s direction even as more passengers (investors) climb aboard.

Class A Common Shares financial

"Class A Common Shares | Charles Schwab & Co. Inc."

A Class A common share is a specific type of ordinary company share that represents an ownership stake and usually carries particular voting rights or payout priorities compared with other share classes. For investors it matters because those differences affect how much influence you have over company decisions, how dividends or liquidation proceeds might be distributed, and how easily the shares trade — like choosing between car models where one has extra features (more control) and another focuses on price or availability (liquidity).

AI-generated analysis. How Rhea-AI works. Not financial advice.

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Available on EDGAR 08/03/2026 - 05:04 PM Accepted by SEC EDGAR 08/03/2026 - 05:04 PM Learn about SEC filing dates

FAQ

What does Morningstar (MORN) disclose in this Form 144 filing?

The filing indicates a proposed sale of 100,000 Class A common shares of Morningstar, Inc., categorized as Founders Shares, with Charles Schwab & Co. Inc. as broker and a proposed sale date of 08/03/2026.

How many Morningstar (MORN) shares are covered by the proposed sale?

The Form 144 covers a proposed sale of 100,000 Class A common shares of Morningstar, Inc. These are identified as Founders Shares originally acquired on 05/01/1984.

Who is associated with recent Morningstar (MORN) stock sales listed in the filing?

The filing lists sales by Joseph D. Mansueto, giving his Chicago address and Morningstar, Inc. as the issuer. It details multiple transactions in May 2026, each with shares sold and total dollar proceeds.

What recent Morningstar (MORN) share transactions are detailed for May 2026?

Entries include multiple sales such as 7,250 shares on 05/04/2026 for $1,232,315.00 and 4,002 shares on 05/08/2026 for $708,675.00, among other similar-day transactions listed in the table.

Which broker is named for the proposed Morningstar (MORN) share sale?

The broker named is Charles Schwab & Co. Inc., located at 3000 Schwab Way, Westlake, TX 76262. The Form 144 links this broker to the proposed sale of 100,000 Class A common shares of Morningstar.

Form 144 Filer Information	UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 Form 144 NOTICE OF PROPOSED SALE OF SECURITIES PURSUANT TO RULE 144 UNDER THE SECURITIES ACT OF 1933
FORM 144

144: Filer Information

Filer CIK
Filer CCC
Is this a LIVE or TEST Filing?	LIVE TEST
Submission Contact Information
Name
Phone
E-Mail Address

144: Issuer Information

Name of Issuer

SEC File Number

Address of Issuer

Phone

Name of Person for Whose Account the Securities are To Be Sold

See the definition of "person" in paragraph (a) of Rule 144. Information is to be given not only as to the person for whose account the securities are to be sold but also as to all other persons included in that definition. In addition, information shall be given as to sales by all persons whose sales are required by paragraph (e) of Rule 144 to be aggregated with sales for the account of the person filing this notice.

Relationship to Issuer

Relationship to Issuer

Relationship to Issuer

144: Securities Information

Title of the Class of Securities To Be Sold	Name and Address of the Broker	Number of Shares or Other Units To Be Sold	Aggregate Market Value	Number of Shares or Other Units Outstanding	Approximate Date of Sale	Name the Securities Exchange
Class A Common Shares	Charles Schwab & Co. Inc. 3000 Schway Way Westlake TX 76262	100000	19920220.00	37513571	08/03/2026	NASDAQ

Furnish the following information with respect to the acquisition of the securities to be sold and with respect to the payment of all or any part of the purchase price or other consideration therefor:

144: Securities To Be Sold

Title of the Class	Date you Acquired	Nature of Acquisition Transaction	Name of Person from Whom Acquired	Is this a Gift?	Date Donor Acquired	Amount of Securities Acquired	Date of Payment	Nature of Payment *
Common	05/01/1984	Founders Shares	MORNINGSTAR, INC.			100000	05/01/1984	Stock

* If the securities were purchased and full payment therefor was not made in cash at the time of purchase, explain in the table or in a note thereto the nature of the consideration given. If the consideration consisted of any note or other obligation, or if payment was made in installments describe the arrangement and state when the note or other obligation was discharged in full or the last installment paid.

Furnish the following information as to all securities of the issuer sold during the past 3 months by the person for whose account the securities are to be sold.

144: Securities Sold During The Past 3 Months

Name and Address of Seller	Title of Securities Sold	Date of Sale	Amount of Securities Sold	Gross Proceeds
JOSEPH D MANSUETO 22 WEST WASHINGTON STREET CHICAGO IL 60602	MORNINGSTAR, INC.	05/04/2026	7250	1232315.00
JOSEPH D MANSUETO 22 WEST WASHINGTON STREET CHICAGO IL 60602	MORNINGSTAR, INC.	05/05/2026	7250	1215157.00
JOSEPH D MANSUETO 22 WEST WASHINGTON STREET CHICAGO IL 60602	MORNINGSTAR, INC.	05/06/2026	7250	1205166.00
JOSEPH D MANSUETO 22 WEST WASHINGTON STREET CHICAGO IL 60602	MORNINGSTAR, INC.	05/07/2026	7250	1250829.00
JOSEPH D MANSUETO 22 WEST WASHINGTON STREET CHICAGO IL 60602	MORNINGSTAR, INC.	05/08/2026	4002	708675.00
JOSEPH D MANSUETO 22 WEST WASHINGTON STREET CHICAGO IL 60602	MORNINGSTAR, INC.	05/11/2026	7250	1275701.00
JOSEPH D MANSUETO 22 WEST WASHINGTON STREET CHICAGO IL 60602	MORNINGSTAR, INC.	05/12/2026	7250	1284933.00
JOSEPH D MANSUETO 22 WEST WASHINGTON STREET CHICAGO IL 60602	MORNINGSTAR, INC.	05/14/2026	7250	1217924.00
JOSEPH D MANSUETO 22 WEST WASHINGTON STREET CHICAGO IL 60602	MORNINGSTAR, INC.	05/15/2026	7250	1227689.00
JOSEPH D MANSUETO 22 WEST WASHINGTON STREET CHICAGO IL 60602	MORNINGSTAR, INC.	05/18/2026	7250	1274832.00
JOSEPH D MANSUETO 22 WEST WASHINGTON STREET CHICAGO IL 60602	MORNINGSTAR, INC.	05/19/2026	6728	1199804.00
JOSEPH D MANSUETO 22 WEST WASHINGTON STREET CHICAGO IL 60602	MORNINGSTAR, INC.	05/20/2026	7250	1243890.00
JOSEPH D MANSUETO 22 WEST WASHINGTON STREET CHICAGO IL 60602	MORNINGSTAR, INC.	05/21/2026	7250	1250840.00
JOSEPH D MANSUETO 22 WEST WASHINGTON STREET CHICAGO IL 60602	MORNINGSTAR, INC.	05/22/2026	2270	401145.00

144: Remarks and Signature

Remarks

Date of Notice

Date of Plan Adoption or Giving of Instruction, If Relying on Rule 10b5-1

ATTENTION:

The person for whose account the securities to which this notice relates are to be sold hereby represents by signing this notice that he does not know any material adverse information in regard to the current and prospective operations of the Issuer of the securities to be sold which has not been publicly disclosed. If such person has adopted a written trading plan or given trading instructions to satisfy Rule 10b5-1 under the Exchange Act, by signing the form and indicating the date that the plan was adopted or the instruction given, that person makes such representation as of the plan adoption or instruction date.

Signature

ATTENTION: Intentional misstatements or omission of facts constitute Federal Criminal Violations (See 18 U.S.C. 1001)