Daniel Joseph Dunn - 15 May 2025 Form 4 Insider Report for Morningstar, Inc. (MORN)

Role
Chief Revenue Officer
Signature
/s/ Kathleen Peacock, by power of attorney
Issuer symbol
MORN
Transactions as of
15 May 2025
Net transactions value
-$261,368
Form type
4
Filing time
19 May 2025, 20:49:50 UTC
Previous filing
19 Nov 2024
Next filing
18 Nov 2025
SEC
View on sec.gov

Reporting Owners (1)

Name Relationship Address Signature Signature date CIK
Dunn Daniel Joseph Chief Revenue Officer C/O MORNINGSTAR, INC., 22 W WASHINGTON ST, CHICAGO /s/ Kathleen Peacock, by power of attorney 19 May 2025 0001692166

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction MORN Common Stock (Restricted Stock Units) Award $0 +1,223 +9.4% $0.000000 14,271 15 May 2025 Direct F1
transaction MORN Common Stock Options Exercise $0 +1,241 +8.7% $0.000000 15,512 16 May 2025 Direct F2
transaction MORN Common Stock Tax liability $261,368 -853 -5.5% $306.41 14,659 16 May 2025 Direct

Derivative Securities (e.g., puts, calls, warrants, options, convertible securities)

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Underlying Class Amount Exercise Price Ownership Footnotes
transaction MORN Market Stock Units Options Exercise -1,241 -100% 0 16 May 2025 Common Stock 1,241 Direct F2
transaction MORN Market Stock Units Award $0 +1,835 $0.000000 1,835 15 May 2025 Common Stock 1,835 Direct F3
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Each restricted stock unit represents a contingent right to receive one share of Morningstar, Inc. common stock. The restricted stock units vest in three equal annual installments beginning May 15, 2026.
F2 Represents common stock earned from the vesting of a market stock unit grant on May 15, 2022.
F3 The market stock units earned will be based on the company's cumulative total shareholder return for the three year performance period ending May 14, 2028.