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Morningstar, Inc. Director's Dealing 2021

May 26, 2021

30609_dirs_2021-05-26_5b6a786f-74f2-414a-b750-4a3e90b2c1b2.zip

Director's Dealing

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SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: Morningstar, Inc. (MORN)
CIK: 0001289419
Period of Report: 2021-05-24

Reporting Person: Desmond Bevin (Head of Talent and Culture)

Non-Derivative Transactions

Date Security Code Shares Price A/D Holdings After Ownership
2021-05-24 Common Stock S 1306 $236.3739 Disposed 23831 Direct
2021-05-24 Common Stock S 1694 $236.9158 Disposed 22137 Direct

Holdings (Non-Derivative)

Security Shares Ownership
Common Stock 21107 Indirect

Footnotes

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 20, 2020.

F2: The transaction was executed in multiple trades at prices ranging from $235.7050 to $236.64. The price reported above reflects the weighted average sale 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 $236.77 to $237.32. The price reported above reflects the weighted average sale 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.