Morningstar insider sells multiple 7,250-share blocks

Morningstar, Inc. reported multiple Form 144 sales by Joseph D. Mansueto of Class A/Common shares, listing specific sell transactions and proceeds on various dates in February–March 2026.

Rhea-AI Filing Summary

Morningstar, Inc. reported multiple Form 144 sales by Joseph D. Mansueto of Class A/Common shares, listing specific sell transactions and proceeds on various dates in February–March 2026. The entries show repeated blocks of 7,250 shares sold on several dates with proceeds listed in the filing.

Insights

Corporate Governance Analyst

Multiple reported dispositions by a principal holder across February–March 2026.

The excerpt lists numerous sales by Joseph D. Mansueto, including repeated blocks of 7,250 shares and associated proceeds on specific dates. The filing records trades, not company actions or proceeds to the issuer.

These are reported dispositions under Form 144; cash‑flow recipients and any trading plan references are not shown in the excerpt. Subsequent filings may provide additional context about disposition purpose or plan status.

Key Figures

Repeated block size: 7,250 shares Example proceeds: $1,310,805.00 Single smaller sale: 857 shares +1 more

4 metrics

Repeated block size 7,250 shares Recorded on multiple dates in Feb 2026

Example proceeds <money>$1,310,805.00</money> Proceeds tied to 7,250 shares on <date>02/04/2026</date>

Single smaller sale 857 shares Transaction on <date>02/02/2026</date> with proceeds <money>$173,443.00</money>

Other examples 6,464 shares; 6,352 shares Transactions on <date>02/05/2026</date> and <date>02/06/2026</date>

Key Terms

Form 144, Class A Common Shares, Founders Shares

3 terms

Form 144 regulatory

"144: Securities Sold During The Past 3 Months"

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.

Class A Common Shares market

"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).

Founders Shares other

"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.

FAQ

AI-generated questions and answers. How Rhea-AI works. Not financial advice.

What does the Form 144 filing for MORN show?

It shows reported sales of Morningstar shares by Joseph D. Mansueto on multiple dates. The filing lists individual transactions with share counts and cash proceeds for each trade in February–March 2026.

How many shares were sold in the examples listed for MORN?

Examples show several transactions of 7,250 shares and other amounts like 6,464 and 6,352 shares. Each row pairs the share count with a cash proceeds figure for that date.

Who is the reporting person in the MORN Form 144 excerpt?

The reporting person listed is Joseph D. Mansueto, with an address at 22 West Washington Street, Chicago. The filing attributes the listed sales to him and Morningstar, Inc. securities.

Do these Form 144 entries indicate proceeds to Morningstar, Inc.?

No. The entries list cash proceeds tied to the reported sales by the holder. Form 144 shows dispositions by a holder, not cash received by the issuer, in the provided excerpt.

Are the dates of the transactions specified in the MORN excerpt?

Yes. The excerpt includes specific trade dates in 2026, including examples on 02/02/2026, 02/04/2026, and dates through 03/02/2026, each with share counts and proceeds.

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

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Accepted by SEC EDGAR 05/01/2026 - 05:10 PM EDT Learn about SEC filing dates

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	0001324069
Filer CCC	XXXXXXXX
Is this a LIVE or TEST Filing?	LIVE TEST
Submission Contact Information
Name
Phone
E-Mail Address

144: Issuer Information

Name of Issuer	Morningstar, Inc.
SEC File Number	000-51280
Address of Issuer	22 WEST WASHINGTON STREET CHICAGO ILLINOIS 60602
Phone	(312) 696-6000
Name of Person for Whose Account the Securities are To Be Sold	Mansueto Joseph D
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	Officer
Relationship to Issuer	Director
Relationship to Issuer	10% Stockholder

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	17102100.00	38028018	05/01/2026	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.	02/02/2026	857	173443.00
JOSEPH D MANSUETO 22 WEST WASHINGTON STREET CHICAGO IL 60602	MORNINGSTAR, INC.	02/04/2026	7250	1310805.00
JOSEPH D MANSUETO 22 WEST WASHINGTON STREET CHICAGO IL 60602	MORNINGSTAR, INC.	02/05/2026	6464	1197215.00
JOSEPH D MANSUETO 22 WEST WASHINGTON STREET CHICAGO IL 60602	MORNINGSTAR, INC.	02/06/2026	6352	1077100.00
JOSEPH D MANSUETO 22 WEST WASHINGTON STREET CHICAGO IL 60602	MORNINGSTAR, INC.	02/09/2026	1653	272750.00
JOSEPH D MANSUETO 22 WEST WASHINGTON STREET CHICAGO IL 60602	MORNINGSTAR, INC.	02/10/2026	3214	523356.00
JOSEPH D MANSUETO 22 WEST WASHINGTON STREET CHICAGO IL 60602	MORNINGSTAR, INC.	02/12/2026	6939	1073754.00
JOSEPH D MANSUETO 22 WEST WASHINGTON STREET CHICAGO IL 60602	MORNINGSTAR, INC.	02/13/2026	7250	1132490.00
JOSEPH D MANSUETO 22 WEST WASHINGTON STREET CHICAGO IL 60602	MORNINGSTAR, INC.	02/17/2026	6791	1089764.00
JOSEPH D MANSUETO 22 WEST WASHINGTON STREET CHICAGO IL 60602	MORNINGSTAR, INC.	02/18/2026	7250	1155231.00
JOSEPH D MANSUETO 22 WEST WASHINGTON STREET CHICAGO IL 60602	MORNINGSTAR, INC.	02/19/2026	7250	1173553.00
JOSEPH D MANSUETO 22 WEST WASHINGTON STREET CHICAGO IL 60602	MORNINGSTAR, INC.	02/20/2026	6608	1066111.00
JOSEPH D MANSUETO 22 WEST WASHINGTON STREET CHICAGO IL 60602	MORNINGSTAR, INC.	02/24/2026	7250	1156161.00
JOSEPH D MANSUETO 22 WEST WASHINGTON STREET CHICAGO IL 60602	MORNINGSTAR, INC.	02/25/2026	7250	1195541.00
JOSEPH D MANSUETO 22 WEST WASHINGTON STREET CHICAGO IL 60602	MORNINGSTAR, INC.	02/26/2026	7250	1290514.00
JOSEPH D MANSUETO 22 WEST WASHINGTON STREET CHICAGO IL 60602	MORNINGSTAR, INC.	02/27/2026	7250	1316603.00
JOSEPH D MANSUETO 22 WEST WASHINGTON STREET CHICAGO IL 60602	MORNINGSTAR, INC.	03/02/2026	3122	569191.00

144: Remarks and Signature

Remarks	Shares on this filing may be sold over various dates.
Date of Notice	05/01/2026
Date of Plan Adoption or Giving of Instruction, If Relying on Rule 10b5-1	11/19/2025
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	JOSEPH D MANSUETO
ATTENTION: Intentional misstatements or omission of facts constitute Federal Criminal Violations (See 18 U.S.C. 1001)