Morningstar chair sells 5,659 shares in trading plan
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.
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Form Type
4
Rhea-AI Filing Summary
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.
Insider Trade Summary 10b5-1
Net Seller: 5,659 shares
Net Sell
8 txns
Insider
Mansueto Joseph D
Role
Executive Chairman
Sold
5,659 shs ($1.24M)
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Sale | Common Stock F1, F2 | 220 | $216.0083 | $48K |
| Sale | Common Stock F1, F3 | 1,181 | $217.2571 | $257K |
| Sale | Common Stock F1, F4 | 1,740 | $218.4334 | $380K |
| Sale | Common Stock F1, F5 | 978 | $219.4366 | $215K |
| Sale | Common Stock F1, F6 | 1,314 | $220.4227 | $290K |
| Sale | Common Stock F1, F7 | 226 | $221.1192 | $50K |
| holding | Common Stock F8 | -- | -- | -- |
| holding | Common Stock F9 | -- | -- | -- |
Holdings After Transaction:
Common Stock — 7,938,192 shares (Direct);
Common Stock — 6,427,675 shares (Indirect, By Trust)
Footnotes (9)
- F1. The sales reported on this Form 4 were effected pursuant to a Rule 10b5-1 trading plan adopted by the reporting person on November 19, 2025.
- F2. The transaction was executed in multiple trades at prices ranging from $215.7100 to $216.4800. The price reported above reflects the weighted average sales price. The reporting person hereby undertakes to provide upon request to the SEC staff, Morningstar or a shareholder of Morningstar full information regarding the number of shares and prices at which the transaction was effected.
- F3. The transaction was executed in multiple trades at prices ranging from $216.8500 to $217.8300. The price reported above reflects the weighted average sales price. The reporting person hereby undertakes to provide upon request to the SEC staff, Morningstar or a shareholder of Morningstar full information regarding the number of shares and prices at which the transaction was effected.
- F4. The transaction was executed in multiple trades at prices ranging from $217.9400 to $218.9000. The price reported above reflects the weighted average sales price. The reporting person hereby undertakes to provide upon request to the SEC staff, Morningstar or a shareholder of Morningstar full information regarding the number of shares and prices at which the transaction was effected.
- F5. The transaction was executed in multiple trades at prices ranging from $218.9400 to $219.9100. The price reported above reflects the weighted average sales price. The reporting person hereby undertakes to provide upon request to the SEC staff, Morningstar or a shareholder of Morningstar full information regarding the number of shares and prices at which the transaction was effected.
- F6. The transaction was executed in multiple trades at prices ranging from $219.9600 to $220.8400. The price reported above reflects the weighted average sales price. The reporting person hereby undertakes to provide upon request to the SEC staff, Morningstar or a shareholder of Morningstar full information regarding the number of shares and prices at which the transaction was effected.
- F7. The transaction was executed in multiple trades at prices ranging from $221.0400 to $221.1900. The price reported above reflects the weighted average sales price. The reporting person hereby undertakes to provide upon request to the SEC staff, Morningstar or a shareholder of Morningstar full information regarding the number of shares and prices at which the transaction was effected.
- F8. The shares are held in grantor retained annuity trusts for the benefit of the reporting person and his children. The reporting person serves as trustee of the grantor retained annuity trusts.
- F9. The shares are held in trusts for the benefit of the reporting person's children. The reporting person's spouse is trustee of the trusts.
Key Figures
Shares sold: 5,659 shares
Sale price range: $215.7100–$221.1900 per share
First reported trade lot: 220 shares at $216.0083 per share
+2 more
5 metrics
Shares sold
5,659 shares
Total Morningstar, Inc. common shares sold by Joseph D. Mansueto on August 24, 2026
Sale price range
$215.7100–$221.1900 per share
Price ranges across multiple trades on August 24, 2026, as described in footnotes
First reported trade lot
220 shares at $216.0083 per share
Open-market sale of Morningstar common stock on August 24, 2026
Largest reported trade lot
1,740 shares at $218.4334 per share
Open-market sale of Morningstar common stock on August 24, 2026
Rule 10b5-1 plan adoption date
November 19, 2025
Date Joseph D. Mansueto adopted the trading plan governing the reported sales
Key Terms
Rule 10b5-1 trading plan, grantor retained annuity trusts, weighted average sales price
3 terms
Rule 10b5-1 trading plan regulatory
"The sales reported on this Form 4 were effected pursuant to a Rule 10b5-1 trading plan"
A Rule 10b5-1 trading plan is a pre-arranged schedule that allows company insiders to buy or sell stock at specific times, even if they have inside information. It helps prevent accusations of unfair trading by making these transactions look planned and transparent, rather than sneaky or illegal.
grantor retained annuity trusts financial
"The shares are held in grantor retained annuity trusts for the benefit of the reporting person"
A grantor retained annuity trust (GRAT) is an estate-planning tool where an owner transfers assets into a trust and receives fixed payments back for a set number of years; any remaining assets after that period pass to designated beneficiaries. For investors it matters because it can move future investment growth to heirs while potentially reducing gift and estate taxes — like putting a rising asset in a timed box that pays you first and gives the remaining upside to others.
weighted average sales price financial
"The price reported above reflects the weighted average sales price"
FAQ
AI-generated questions and answers. How Rhea-AI works. Not financial advice.
What insider transaction did Morningstar (MORN) report for Joseph D. Mansueto?
Morningstar reported that Joseph D. Mansueto executed open-market sales of 5,659 shares of Morningstar common stock on August 24, 2026, split across multiple transactions, as disclosed in a Form 4 insider trading report.
Were Joseph D. Mansueto’s MORN stock sales made under a Rule 10b5-1 plan?
Yes. The Form 4 states the sales were effected under a Rule 10b5-1 trading plan adopted by Joseph D. Mansueto on November 19, 2025, indicating the transactions followed a pre-established trading schedule.
What roles does Joseph D. Mansueto hold at Morningstar (MORN) according to the Form 4?
Joseph D. Mansueto is identified as Executive Chairman, a director, and a ten percent owner of Morningstar, Inc., reflecting both an executive leadership position and significant ownership stake.
AI-generated analysis. How Rhea-AI works. Not financial advice.
