Morningstar chair Mansueto sells 21,750 shares
Rhea-AI Filing Summary
Morningstar, Inc. Executive Chairman, director and more-than-10% owner Joseph D. Mansueto reported open-market sales of a total of 21,750 shares of Morningstar common stock over August 3–5, 2026, in multiple transactions with weighted-average prices including $196.7240 and $201.9844 per share. These sales were effected pursuant to a Rule 10b5-1 trading plan adopted on November 19, 2025. On August 3, 2026, he also made a bona fide gift of 5,300 shares of common stock. Additional Morningstar shares are held indirectly in grantor retained annuity trusts and other trusts for the benefit of the reporting person and his children.
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Insights
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Insider Trade Summary 10b5-1
Net Seller: 21,750 shares
Net Sell
16 txns
Insider
Mansueto Joseph D
Role
Executive Chairman
Sold
21,750 shs ($4.35M)
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Sale | Common Stock F1, F10 | 1,246 | $199.5788 | $249K |
| Sale | Common Stock F1, F11 | 4,310 | $201.1214 | $867K |
| Sale | Common Stock F1, F12 | 1,664 | $201.9844 | $336K |
| Sale | Common Stock F1, F13 | 30 | $202.5147 | $6K |
| Sale | Common Stock F1, F6 | 997 | $198.0647 | $197K |
| Sale | Common Stock F1, F7 | 3,840 | $199.5066 | $766K |
| Sale | Common Stock F1, F8 | 2,349 | $200.5705 | $471K |
| Sale | Common Stock F1, F9 | 64 | $201.1542 | $13K |
| Gift | Common Stock | 5,300 | $0.00 | $0.00 |
| Sale | Common Stock F1, F2 | 40 | $196.724 | $8K |
| Sale | Common Stock F1, F3 | 573 | $197.7234 | $113K |
| Sale | Common Stock F1, F4 | 4,043 | $199.0617 | $805K |
| Sale | Common Stock F1, F5 | 2,568 | $199.7752 | $513K |
| Sale | Common Stock F1 | 26 | $200.87 | $5K |
| holding | Common Stock F14 | -- | -- | -- |
| holding | Common Stock F15 | -- | -- | -- |
Holdings After Transaction:
Common Stock — 8,016,442 shares (Direct);
Common Stock — 6,427,675 shares (Indirect, By Trust)
Footnotes (15)
- 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 $196.3600 to $196.9200. 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 $197.4250 to $198.1800. 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 $198.4400 to $199.4150. 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 $199.4450 to $200.3800. 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 $197.9300 to $198.6000. 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 $198.9600 to $199.9300. 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 transaction was executed in multiple trades at prices ranging from $199.9900 to $200.9800. 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.
- F9. The transaction was executed in multiple trades at prices ranging from $201.0100 to $201.3100. 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.
- F10. The transaction was executed in multiple trades at prices ranging from $199.2500 to $200.0775. 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.
- F11. The transaction was executed in multiple trades at prices ranging from $200.4750 to $201.4500. 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.
- F12. The transaction was executed in multiple trades at prices ranging from $201.4800 to $202.4300. 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.
- F13. The transaction was executed in multiple trades at prices ranging from $202.5000 to $202.6100. 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.
- F14. 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.
- F15. 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: 21,750 shares
Shares gifted: 5,300 shares
Representative sale price: $196.7240 per share
+2 more
5 metrics
Shares sold
21,750 shares
Total Morningstar common shares sold in open-market transactions over August 3–5, 2026
Shares gifted
5,300 shares
Bona fide gift of Morningstar common stock on August 3, 2026
Representative sale price
$196.7240 per share
Weighted-average price for a 40-share sale of common stock on August 3, 2026
Representative sale price
$201.9844 per share
Weighted-average price for a 1,664-share sale of common stock on August 5, 2026
10b5-1 plan adoption date
November 19, 2025
Date Joseph D. Mansueto adopted the Rule 10b5-1 trading plan governing the reported sales
Key Terms
Rule 10b5-1 trading plan, bona fide gift, weighted average sales price, grantor retained annuity trusts, +1 more
5 terms
Rule 10b5-1 trading plan regulatory
"The sales reported ... 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.
bona fide gift regulatory
"transaction_code "G" ... transaction_code_description "Bona fide gift""
A bona fide gift is a genuine, voluntary transfer of money, property, or benefits from one party to another made without expectation of repayment, services, or hidden conditions. Investors care because such gifts can affect company disclosures, related‑party transaction rules, tax treatment, and perceived conflicts of interest; think of it like someone giving you a present with no strings attached — but on a corporate scale, auditors and regulators need to verify it really is unconditional.
weighted average sales price financial
"The price reported above reflects the weighted average sales price."
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.
more-than-10% owner regulatory
"reporting person is marked as is_ten_percent_owner 1"
FAQ
AI-generated questions and answers. How Rhea-AI works. Not financial advice.
What insider transactions did Morningstar (MORN) disclose for Joseph D. Mansueto in early August 2026?
Morningstar reported that Joseph D. Mansueto executed open-market sales totaling 21,750 shares of common stock over August 3–5, 2026, plus a bona fide gift of 5,300 shares on August 3, 2026, according to his Form 4 filing.
Did Joseph D. Mansueto make any gifts of Morningstar (MORN) stock in this Form 4?
Yes. On August 3, 2026, Joseph D. Mansueto reported a bona fide gift of 5,300 Morningstar common shares. The transaction is coded as a gift, with a per-share transaction value of $0.0000, indicating a non-sale transfer of shares.
Does the Form 4 for Morningstar (MORN) disclose any remaining holdings for Joseph D. Mansueto?
The filing identifies direct and indirect (by trust) ownership categories but does not state specific post-transaction share counts in the reported rows. It highlights that certain shares are held through trusts benefiting Mansueto and his children, with trustee roles described.
AI-generated analysis. How Rhea-AI works. Not financial advice.
