Mansueto plans sale of 100,000 Morningstar (MORN) shares in Form 144 filing

Rhea-AI Filing Summary

Joseph D. Mansueto has filed a Form 144 to sell 100,000 Morningstar, Inc. Class A common shares. The shares are to be sold through Charles Schwab & Co. on or about February 2, 2026 on the NASDAQ, with an indicated aggregate market value of 20238350.00.

Morningstar had 41,129,198 Class A common shares outstanding at the time of the notice. The 100,000 shares being sold were originally acquired as founders shares from Morningstar, Inc. on May 1, 1984, paid for in stock. The form also lists multiple prior sales of Morningstar securities by Mansueto during November 2025, each with specific dates, amounts, and gross proceeds.

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	20238350.00	41129198	02/02/2026	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.	11/03/2025	7250	1536668.00
JOSEPH D MANSUETO 22 WEST WASHINGTON STREET CHICAGO IL 60602	MORNINGSTAR, INC.	11/04/2025	6918	1478529.00
JOSEPH D MANSUETO 22 WEST WASHINGTON STREET CHICAGO IL 60602	MORNINGSTAR, INC.	11/05/2025	7250	1530001.00
JOSEPH D MANSUETO 22 WEST WASHINGTON STREET CHICAGO IL 60602	MORNINGSTAR, INC.	11/06/2025	4093	866134.00
JOSEPH D MANSUETO 22 WEST WASHINGTON STREET CHICAGO IL 60602	MORNINGSTAR, INC.	11/07/2025	7250	1536191.00
JOSEPH D MANSUETO 22 WEST WASHINGTON STREET CHICAGO IL 60602	MORNINGSTAR, INC.	11/10/2025	7250	1560064.00
JOSEPH D MANSUETO 22 WEST WASHINGTON STREET CHICAGO IL 60602	MORNINGSTAR, INC.	11/11/2025	7250	1563896.00
JOSEPH D MANSUETO 22 WEST WASHINGTON STREET CHICAGO IL 60602	MORNINGSTAR, INC.	11/12/2025	7250	1558990.00
JOSEPH D MANSUETO 22 WEST WASHINGTON STREET CHICAGO IL 60602	MORNINGSTAR, INC.	11/13/2025	6848	1474390.00
JOSEPH D MANSUETO 22 WEST WASHINGTON STREET CHICAGO IL 60602	MORNINGSTAR, INC.	11/14/2025	6969	1486609.00
JOSEPH D MANSUETO 22 WEST WASHINGTON STREET CHICAGO IL 60602	MORNINGSTAR, INC.	11/17/2025	1070	225902.00
JOSEPH D MANSUETO 22 WEST WASHINGTON STREET CHICAGO IL 60602	MORNINGSTAR, INC.	11/18/2025	7250	1510090.00
JOSEPH D MANSUETO 22 WEST WASHINGTON STREET CHICAGO IL 60602	MORNINGSTAR, INC.	11/19/2025	7250	1517104.00
JOSEPH D MANSUETO 22 WEST WASHINGTON STREET CHICAGO IL 60602	MORNINGSTAR, INC.	11/20/2025	7250	1528937.00
JOSEPH D MANSUETO 22 WEST WASHINGTON STREET CHICAGO IL 60602	MORNINGSTAR, INC.	11/21/2025	7250	1531378.00
JOSEPH D MANSUETO 22 WEST WASHINGTON STREET CHICAGO IL 60602	MORNINGSTAR, INC.	11/24/2025	316	66990.00
JOSEPH D MANSUETO 22 WEST WASHINGTON STREET CHICAGO IL 60602	MORNINGSTAR, INC.	11/25/2025	1286	274069.00

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)

FAQ

What does the Form 144 filing for Morningstar (MORN) disclose?

The Form 144 filing discloses that Joseph D. Mansueto intends to sell 100,000 Morningstar Class A common shares. The notice lists the planned sale details, prior three-month sales history, and confirms the filer’s representation about not possessing undisclosed material adverse information.

How many Morningstar (MORN) shares are planned to be sold under this Form 144?

The filer plans to sell 100,000 Morningstar, Inc. Class A common shares. These shares are to be sold through Charles Schwab & Co. on or about February 2, 2026, as indicated in the Form 144 securities information table.

What is the approximate market value of the Morningstar (MORN) shares in the planned Form 144 sale?

The Form 144 shows an aggregate market value of 20238350.00 for the 100,000 Morningstar Class A common shares. This figure reflects the filer’s estimate of the total market value for the shares covered by the planned sale.

How many Morningstar (MORN) shares were outstanding when the Form 144 was filed?

The filing reports that 41,129,198 Morningstar Class A common shares were outstanding. This number provides context for the 100,000 shares covered by the Form 144 notice, which represent only a small portion of total shares outstanding.

When and how were the Morningstar (MORN) shares in the Form 144 originally acquired?

The 100,000 Morningstar shares were acquired on May 1, 1984 as founders shares from Morningstar, Inc. The Form 144 notes that the nature of payment was stock, rather than a separate cash purchase transaction.

What recent Morningstar (MORN) share sales by the filer are disclosed in the Form 144?

The Form 144 lists multiple sales of Morningstar securities by Joseph D. Mansueto in November 2025. Each entry includes the sale date, title of securities, number of shares sold, seller’s address, and the gross proceeds received for those transactions.