Morningstar, Inc.'s SEC filings document formal disclosures for a public investment-research, data, ratings, indexes, and advisory-services company. Recent 8-K reports cover operating results, supplemental presentations, shareholder letters, Regulation FD investor Q&A materials, quarterly dividend declarations, and other material-event reporting.
Proxy and annual meeting filings document board composition, director elections, advisory executive-compensation votes, auditor ratification, and related governance matters. The company's filings also discuss capital-structure items, material agreements, and risk factors tied to brand independence, cybersecurity, data and information liability, artificial intelligence, strategic transactions, indebtedness, regulatory conditions, and business continuity.
Morningstar, Inc. executive chairman and major shareholder Joseph D. Mansueto reported open-market stock sales under a Rule 10b5-1 trading plan adopted on November 15, 2024. On February 9, 2026, he sold 1,129 common shares at $164.5982 and 524 shares at $165.876. On February 10, 2026, he sold 3,214 shares at $162.8363.
Following these transactions, Mansueto directly owned 8,212,442 Morningstar common shares. He also had indirect ownership of 6,282,935 shares held in grantor retained annuity trusts for his and his children’s benefit, where he serves as trustee, and 150,000 shares in trusts for his children, where his spouse is trustee.
Morningstar, Inc. Executive Chairman, director, and 10% owner Joseph D. Mansueto reported multiple open‑market sales of Morningstar common stock from February 4–6, 2026 under a Rule 10b5‑1 trading plan adopted on November 15, 2024.
The transactions totaled 20,066 shares sold at per‑share prices ranging from $168.5265 to $188.1150. Following these sales, he directly owned 8,217,309 shares, with an additional 6,282,935 shares and 150,000 shares held indirectly in trusts for his benefit and his children.
Morningstar, Inc. executive chairman and 10% owner Joseph D. Mansueto reported small open-market sales of company stock. On February 2, 2026, he sold 439 Morningstar common shares at a weighted average price of $201.4725 and 418 shares at a weighted average price of $203.3404, both coded as open-market sales.
The filing states these trades were made under a pre-arranged Rule 10b5-1 trading plan adopted on November 15, 2024. After these transactions, Mansueto directly held 8,237,375 Morningstar shares and also had indirect beneficial ownership of 6,282,935 shares held in grantor retained annuity trusts for his and his children’s benefit, and 150,000 shares held in separate trusts for his children.
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.
Morningstar, Inc. director files initial ownership report with no holdings
Morningstar, Inc. director Anne L. Bramman filed an initial ownership report as a director of the company, with an event date of 01/02/2026. The filing states in the remarks that no securities are beneficially owned, meaning she reports no direct or indirect ownership of Morningstar stock or derivative securities at this time.
Morningstar, Inc. reported an insider transaction by a director, 10% owner, and Executive Chairman involving 27,775 shares of common stock on 12/12/2025, coded "G" at a price of $0 per share. After this transaction, the reporting person beneficially owned 8,238,232 shares directly, 6,282,935 shares indirectly through a trust, and 150,000 shares indirectly through another trust.
The notes explain that in the fourth quarter of 2025 the reporting person contributed 1,500,000 Morningstar shares to a grantor retained annuity trust for the benefit of the reporting person and his children, and 1,165,192 shares were distributed to the reporting person from similar trusts, shifting some holdings from indirect to direct. The grantor retained annuity trusts are for the benefit of the reporting person and his children, with the reporting person serving as trustee, while separate trusts for the children are administered by the reporting person’s spouse.
Morningstar, Inc. (MORN) filed a Form 8-K to share an updated Investor Q&A with the market. The company is furnishing, rather than filing, investor questions received through November 5, 2025, and its responses as Exhibit 99.1, meaning this information is provided for transparency but is not incorporated into its formal financial statements.
The filing is accompanied by an extensive forward-looking statements disclaimer. Morningstar highlights a wide range of business risks, including completing the Center for Research in Security Prices (CRSP) acquisition, protecting its brand and independence, cybersecurity and data protection, impacts of changing economic conditions and interest rates, regulatory and compliance risks, the effects of artificial intelligence on its products, execution of strategic transactions, indebtedness and rising interest rates, tax complexity, ESG-related liabilities, and the need to retain talent and maintain client relationships.
Morningstar, Inc. (MORN) Executive Chairman, a director and 10% owner, reported multiple open-market sales of Morningstar common stock on November 20–21, 2025. The transactions were coded as sales and were carried out under a Rule 10b5-1 trading plan adopted on November 15, 2024. Shares were sold in numerous trades at weighted average prices reported between $209.8223 and $214.8368, with underlying trade prices ranging from $209.2200 to $215.0000. Following these transactions, the reporting person beneficially owns 8,602,417 shares directly and 5,948,127 and 150,000 shares indirectly through grantor retained annuity trusts and other trusts for family members.
Morningstar, Inc. (MORN) executive chairman and 10% owner reported open-market sales of company common stock. On November 18 and 19, 2025, the reporting person sold multiple blocks of Morningstar common stock at weighted average prices ranging from about $206.73 to $211.59, all coded as open-market sales under transaction code "S." These trades were carried out pursuant to a Rule 10b5-1 trading plan adopted on November 15, 2024, meaning the sales followed a pre-established schedule.
After these transactions, the reporting person continued to hold 8,616,917 shares directly, as well as large indirect positions held through various trusts, including 5,948,127 shares in grantor retained annuity trusts and 150,000 shares in trusts for the reporting person’s children.
Morningstar, Inc. (MORN) reported insider activity by its Chief Revenue Officer on a Form 4. On 11/15/2025, the officer acquired 346 shares of common stock at $0 through the vesting of a market stock unit grant originally awarded on November 15, 2022. On the same date, the officer disposed of 154 shares of common stock at a price of $211.95 per share. Following these transactions, the officer directly owned 14,851 shares of Morningstar common stock.