MORN SEC Filing News — Morningstar, Inc.

Latest SEC filings for Morningstar, Inc. (MORN) explained in plain English. Covers insider buying and selling (Form 4), proposed insider sales (Form 144), material company events (8-K), and quarterly & annual reports (10-Q / 10-K). StrongBuyAnalytics provides navigation and brief excerpts or summaries; original filings remain at the SEC/source links and were authored by their filers, not StrongBuyAnalytics. Filing dates shown are source dates. Coverage and detection can be delayed or incomplete because of SEC availability, amendments, parsing, caching, or outages. Latest source filing date shown: 2026-10-02.

Morningstar, Inc. provides independent investment insights for investors in the United States, Asia, Australia, Canada, Continental Europe, the United Kingdom, and internationally. It operates through five segments: Morningstar Direct Platform, PitchBook, Morningstar Credit, Morningstar Wealth, and Morningstar Retirement. The company offers managed investments, including mutual funds, exchanged traded funds, separate accounts, collective investment trusts, model portfolios, equities, and fixed-i…
Sector: Financial Services Industry: Financial Data & Stock Exchanges Market Cap: $7.7B
20
Total Filings
0
Bullish Classifications
9
Bearish Classifications
12
Insider Transactions
5
Material Events (8-K)
1
Periodic Reports
Rule-based classifications for MORN currently lean bearish. Of the 20 filing records displayed, 9 carry bearish classifications (such as insider sales or negative 8-K disclosures) versus 0 bullish. This does not necessarily signal fundamental deterioration — insiders sell for many reasons — but it is worth monitoring alongside the company's core financial metrics.
MORN Filing Activity Snapshot 2026-06-25 — 2026-10-02
Insider Transactions (Form 4)
0 buys vs 8 sells
Net insider selling in this period — insiders sell for many reasons beyond conviction.
Largest Form 144 Filing
$19.92M
Mansueto Joseph D · 2026-08-03
100,000 shares · Form 144
Form 144 Notices
2
Proposed insider sales filed — Form 144 is a notice of intent, not a confirmed transaction. Actual sales are confirmed via Form 4.
Insider Transactions 12 · Forms 3, 4 and 5

A Form 4 is filed within two business days of a company insider — an officer, a director, or a holder of more than ten percent of the stock — changing their position in the shares. All 12 filings in this group are Form 4s for Morningstar, Inc.

The difficulty with reading these filings as a group is that a single form type covers transactions that mean entirely different things. An executive spending their own money to buy stock and an executive having shares withheld to pay tax on a vesting grant both appear as a Form 4. Every filing below is therefore tagged with the nature of the underlying transaction, taken from the transaction code reported on the form itself.

Across the 12 insider filings shown, the breakdown is 8 open-market sale, 2 other reported transaction and 2 tax withholding. 8 of them involved a discretionary open-market trade; the rest are compensation and administrative mechanics.

What each transaction type means

Open-market sale ×8
The insider sold shares on the open market. Sales may be discretionary or executed automatically under a pre-arranged Rule 10b5-1 trading plan, and a Form 4 does not always make clear which applies.
Other reported transaction ×2
The filing reports a transaction type that does not map to a routine purchase, sale, award or withholding.
Tax withholding ×2
Shares were withheld by the company to settle tax due when equity vested. This is an automatic administrative step and not a decision to sell.
Form 4 Other reported transaction Tax / Compensation Filing 2026-10-02

MORN insider Form 4 filed for equity award, exercise, or tax withholding

Mansueto Daniel (10% Owner) filed a Form 4 covering compensation-related activity such as stock awards, option exercises, conversions, or tax withholding. These filings are usually neutral.

The filing reports a transaction type that does not map to a routine purchase, sale, award or withholding.

Transactions reported on this filing
Code Nature Shares Price Value
J Other transaction 657,779 — —
Filing: Form 4 (Insider Transaction) Insider: Mansueto Daniel (10% Owner) Shares: 657,779
View on SEC EDGAR → Open Filing Document →
Form 4 Tax withholding Tax / Compensation Filing 2026-09-02

MORN insider Form 4 filed for equity award, exercise, or tax withholding

Wiersema Conan (CAO & PAO) filed a Form 4 covering compensation-related activity such as stock awards, option exercises, conversions, or tax withholding. These filings are usually neutral.

Shares were withheld by the company to settle tax due when equity vested. This is an automatic administrative step and not a decision to sell.

Transactions reported on this filing
Code Nature Shares Price Value
F Tax withholding on vested shares 29 $218.94 $6.3K
Filing: Form 4 (Insider Transaction) Insider: Wiersema Conan (CAO & PAO) Shares: 29
View on SEC EDGAR → Open Filing Document →
Form 4 Tax withholding Tax / Compensation Filing 2026-09-02

MORN insider Form 4 filed for equity award, exercise, or tax withholding

Holt Michael (Chief Financial Officer) filed a Form 4 covering compensation-related activity such as stock awards, option exercises, conversions, or tax withholding. These filings are usually neutral.

Shares were withheld by the company to settle tax due when equity vested. This is an automatic administrative step and not a decision to sell.

Transactions reported on this filing
Code Nature Shares Price Value
F Tax withholding on vested shares 54 $218.94 $11.8K
Filing: Form 4 (Insider Transaction) Insider: Holt Michael (Chief Financial Officer) Shares: 54
View on SEC EDGAR → Open Filing Document →
Form 4 Other reported transaction Tax / Compensation Filing 2026-08-26

MORN insider Form 4 filed for equity award, exercise, or tax withholding

Mansueto Daniel (10% Owner) filed a Form 4 covering compensation-related activity such as stock awards, option exercises, conversions, or tax withholding. These filings are usually neutral.

The filing reports a transaction type that does not map to a routine purchase, sale, award or withholding.

Transactions reported on this filing
Code Nature Shares Price Value
J Other transaction 376,969 — —
Filing: Form 4 (Insider Transaction) Insider: Mansueto Daniel (10% Owner) Shares: 376,969
View on SEC EDGAR → Open Filing Document →
Form 4 Open-market sale Insider Selling 2026-08-24

MORN insider Mansueto Joseph D (Director, Executive Chairman, 10% Owner) sold 5,659 shares (~$1.24M)

Mansueto Joseph D, listed as Director, Executive Chairman, 10% Owner at Morningstar, Inc., reported an open-market sale of 5,659 MORN shares in a Form 4 filing. This is a confirmed insider sale, not just a proposed sale notice.

The insider sold shares on the open market. Sales may be discretionary or executed automatically under a pre-arranged Rule 10b5-1 trading plan, and a Form 4 does not always make clear which applies.

Transactions reported on this filing
Code Nature Shares Price Value
S Open-market sale 220 $216.01 $47.5K
S Open-market sale 1,181 $217.26 $256.6K
S Open-market sale 1,740 $218.43 $380.1K
S Open-market sale 978 $219.44 $214.6K
S Open-market sale 1,314 $220.42 $289.6K
S Open-market sale 226 $221.12 $50.0K
Filing: Form 4 (Insider Transaction) Insider: Mansueto Joseph D (Director, Executive Chairman, 10% Owner) Shares: 5,659 Est. Value: $1.24M
View on SEC EDGAR → Open Filing Document →
Form 4 Open-market sale Insider Selling 2026-08-21

MORN insider Mansueto Joseph D (Director, Executive Chairman, 10% Owner) sold 11,345 shares (~$2.44M)

Mansueto Joseph D, listed as Director, Executive Chairman, 10% Owner at Morningstar, Inc., reported an open-market sale of 11,345 MORN shares in a Form 4 filing. This is a confirmed insider sale, not just a proposed sale notice.

The insider sold shares on the open market. Sales may be discretionary or executed automatically under a pre-arranged Rule 10b5-1 trading plan, and a Form 4 does not always make clear which applies.

Transactions reported on this filing
Code Nature Shares Price Value
S Open-market sale 3,157 $212.87 $672.0K
S Open-market sale 1,359 $214.16 $291.1K
S Open-market sale 1,938 $215.18 $417.0K
S Open-market sale 295 $216.16 $63.8K
S Open-market sale 501 $217.13 $108.8K
S Open-market sale 3,827 $216.70 $829.3K
S Open-market sale 268 $217.57 $58.3K
Filing: Form 4 (Insider Transaction) Insider: Mansueto Joseph D (Director, Executive Chairman, 10% Owner) Shares: 11,345 Est. Value: $2.44M
View on SEC EDGAR → Open Filing Document →
Form 4 Open-market sale Insider Selling 2026-08-19

MORN insider Mansueto Joseph D (Director, Executive Chairman, 10% Owner) sold 21,750 shares (~$4.57M)

Mansueto Joseph D, listed as Director, Executive Chairman, 10% Owner at Morningstar, Inc., reported an open-market sale of 21,750 MORN shares in a Form 4 filing. This is a confirmed insider sale, not just a proposed sale notice.

The insider sold shares on the open market. Sales may be discretionary or executed automatically under a pre-arranged Rule 10b5-1 trading plan, and a Form 4 does not always make clear which applies.

Transactions reported on this filing
Code Nature Shares Price Value
S Open-market sale 5,749 $206.84 $1.19M
S Open-market sale 1,501 $207.81 $311.9K
S Open-market sale 913 $208.13 $190.0K
S Open-market sale 1,935 $209.48 $405.3K
S Open-market sale 2,708 $210.32 $569.5K
S Open-market sale 1,588 $211.26 $335.5K
S Open-market sale 106 $212.20 $22.5K
S Open-market sale 114 $208.21 $23.7K
S Open-market sale 680 $210.24 $143.0K
S Open-market sale 426 $211.52 $90.1K
S Open-market sale 656 $212.53 $139.4K
S Open-market sale 3,031 $213.96 $648.5K
S Open-market sale 1,785 $214.81 $383.4K
S Open-market sale 369 $215.93 $79.7K
S Open-market sale 189 $217.01 $41.0K
Filing: Form 4 (Insider Transaction) Insider: Mansueto Joseph D (Director, Executive Chairman, 10% Owner) Shares: 21,750 Est. Value: $4.57M
View on SEC EDGAR → Open Filing Document →
Form 4 Open-market sale Insider Selling 2026-08-14

MORN insider Mansueto Joseph D (Director, Executive Chairman, 10% Owner) sold 14,500 shares (~$2.93M)

Mansueto Joseph D, listed as Director, Executive Chairman, 10% Owner at Morningstar, Inc., reported an open-market sale of 14,500 MORN shares in a Form 4 filing. This is a confirmed insider sale, not just a proposed sale notice.

The insider sold shares on the open market. Sales may be discretionary or executed automatically under a pre-arranged Rule 10b5-1 trading plan, and a Form 4 does not always make clear which applies.

Transactions reported on this filing
Code Nature Shares Price Value
S Open-market sale 3,498 $197.06 $689.3K
S Open-market sale 2,936 $197.88 $581.0K
S Open-market sale 430 $198.96 $85.6K
S Open-market sale 26 $199.75 $5.2K
S Open-market sale 52 $202.09 $10.5K
S Open-market sale 78 $203.79 $15.9K
S Open-market sale 52 $205.66 $10.7K
S Open-market sale 178 $206.78 $36.8K
S Open-market sale 3,924 $206.28 $809.4K
S Open-market sale 2,809 $207.33 $582.4K
S Open-market sale 240 $208.45 $50.0K
S Open-market sale 277 $209.38 $58.0K
Filing: Form 4 (Insider Transaction) Insider: Mansueto Joseph D (Director, Executive Chairman, 10% Owner) Shares: 14,500 Est. Value: $2.93M
View on SEC EDGAR → Open Filing Document →
Form 4 Open-market sale Insider Selling 2026-08-12

MORN insider Mansueto Joseph D (Director, Executive Chairman, 10% Owner) sold 15,474 shares (~$3.07M)

Mansueto Joseph D, listed as Director, Executive Chairman, 10% Owner at Morningstar, Inc., reported an open-market sale of 15,474 MORN shares in a Form 4 filing. This is a confirmed insider sale, not just a proposed sale notice.

The insider sold shares on the open market. Sales may be discretionary or executed automatically under a pre-arranged Rule 10b5-1 trading plan, and a Form 4 does not always make clear which applies.

Transactions reported on this filing
Code Nature Shares Price Value
S Open-market sale 7,250 $201.84 $1.46M
S Open-market sale 974 $200.32 $195.1K
S Open-market sale 5,027 $194.96 $980.0K
S Open-market sale 1,906 $195.77 $373.1K
S Open-market sale 291 $197.09 $57.4K
S Open-market sale 26 $197.63 $5.1K
Filing: Form 4 (Insider Transaction) Insider: Mansueto Joseph D (Director, Executive Chairman, 10% Owner) Shares: 15,474 Est. Value: $3.07M
View on SEC EDGAR → Open Filing Document →
Form 4 Open-market sale Insider Selling 2026-08-07

MORN insider Mansueto Joseph D (Director, Executive Chairman, 10% Owner) sold 9,522 shares (~$1.90M)

Mansueto Joseph D, listed as Director, Executive Chairman, 10% Owner at Morningstar, Inc., reported an open-market sale of 9,522 MORN shares in a Form 4 filing. This is a confirmed insider sale, not just a proposed sale notice.

The insider sold shares on the open market. Sales may be discretionary or executed automatically under a pre-arranged Rule 10b5-1 trading plan, and a Form 4 does not always make clear which applies.

Transactions reported on this filing
Code Nature Shares Price Value
S Open-market sale 2,272 $198.38 $450.7K
S Open-market sale 166 $196.16 $32.6K
S Open-market sale 1,453 $198.49 $288.4K
S Open-market sale 2,559 $199.34 $510.1K
S Open-market sale 2,566 $200.40 $514.2K
S Open-market sale 506 $201.53 $102.0K
Filing: Form 4 (Insider Transaction) Insider: Mansueto Joseph D (Director, Executive Chairman, 10% Owner) Shares: 9,522 Est. Value: $1.90M
View on SEC EDGAR → Open Filing Document →
Form 4 Open-market sale Insider Selling 2026-08-05

MORN insider Mansueto Joseph D (Director, Executive Chairman, 10% Owner) sold 21,750 shares (~$4.35M)

Mansueto Joseph D, listed as Director, Executive Chairman, 10% Owner at Morningstar, Inc., reported an open-market sale of 21,750 MORN shares in a Form 4 filing. This is a confirmed insider sale, not just a proposed sale notice.

The insider sold shares on the open market. Sales may be discretionary or executed automatically under a pre-arranged Rule 10b5-1 trading plan, and a Form 4 does not always make clear which applies.

Transactions reported on this filing
Code Nature Shares Price Value
G Gift 5,300 — —
S Open-market sale 40 $196.72 $7.9K
S Open-market sale 573 $197.72 $113.3K
S Open-market sale 4,043 $199.06 $804.8K
S Open-market sale 2,568 $199.78 $513.0K
S Open-market sale 26 $200.87 $5.2K
S Open-market sale 997 $198.06 $197.5K
S Open-market sale 3,840 $199.51 $766.1K
S Open-market sale 2,349 $200.57 $471.1K
S Open-market sale 64 $201.15 $12.9K
S Open-market sale 1,246 $199.58 $248.7K
S Open-market sale 4,310 $201.12 $866.8K
S Open-market sale 1,664 $201.98 $336.1K
S Open-market sale 30 $202.51 $6.1K
Filing: Form 4 (Insider Transaction) Insider: Mansueto Joseph D (Director, Executive Chairman, 10% Owner) Shares: 21,750 Est. Value: $4.35M
View on SEC EDGAR → Open Filing Document →
Form 4 Open-market sale Insider Selling 2026-08-03

MORN insider Lyons William M (Director) sold 1,000 shares (~$199.0K)

Lyons William M, listed as Director at Morningstar, Inc., reported an open-market sale of 1,000 MORN shares in a Form 4 filing. This is a confirmed insider sale, not just a proposed sale notice.

The insider sold shares on the open market. Sales may be discretionary or executed automatically under a pre-arranged Rule 10b5-1 trading plan, and a Form 4 does not always make clear which applies.

Transactions reported on this filing
Code Nature Shares Price Value
S Open-market sale 1,000 $199.00 $199.0K
Filing: Form 4 (Insider Transaction) Insider: Lyons William M (Director) Shares: 1,000 Est. Value: $199.0K
View on SEC EDGAR → Open Filing Document →
Proposed Insider Sales 2 · Form 144

A Form 144 is a notice of intent to sell restricted or control securities. It is not a record that anything was sold. Morningstar, Inc. has 2 such notices in this period.

The distinction matters because a Form 144 is frequently reported as though it were a completed insider sale. The filer may sell all of the shares covered, some of them, or none at all, and there is no obligation to update the notice either way. A sale that is actually executed by an officer or director shows up separately on a Form 4, which is the filing to check before treating a proposed sale as a real one.

Form 144 Large Proposed Insider Sale 2026-08-03

MORN Form 144 filed for proposed insider sale by Mansueto Joseph D (100,000 shares) ~$19.92M

Mansueto Joseph D filed a Form 144 with the SEC indicating intent to sell MORN (Morningstar, Inc.) shares. Form 144 reflects a proposed sale, not a completed transaction. The actual execution, if any, would typically appear later in a Form 4. The proposed dollar value is large enough to merit attention.

Filing: Form 144 (Proposed Sale Notice) Insider: Mansueto Joseph D Shares: 100,000 Est. Value: $19.92M
View on SEC EDGAR → Open Filing Document →
Form 144 Proposed Insider Sale 2026-08-03

MORN Form 144 filed for proposed insider sale by Lyons William M (1,000 shares) ~$199.0K

Lyons William M filed a Form 144 with the SEC indicating intent to sell MORN (Morningstar, Inc.) shares. Form 144 reflects a proposed sale, not a completed transaction. The actual execution, if any, would typically appear later in a Form 4.

Filing: Form 144 (Proposed Sale Notice) Insider: Lyons William M Shares: 1,000 Est. Value: $199.0K
View on SEC EDGAR → Open Filing Document →
Material Events 5 · Form 8-K

An 8-K reports a material event in the window between scheduled reports. There are 5 in this period for Morningstar, Inc. Each 8-K names the item number it is filed under, and that number is the fastest way to tell a routine disclosure from a consequential one.

Item 2.02 is an earnings release, Item 5.02 is a change of directors or officers, and Item 1.01 or 2.01 covers a material agreement or a completed acquisition. Item 7.01 and Item 8.01 are the general-purpose disclosure items and carry no fixed meaning on their own.

Form 8-K Material Company Update 2026-09-25

MORN filed 8-K — material company event

Morningstar, Inc. filed an 8-K with the SEC reporting a material event. Summary unavailable — view the original SEC filing for the full text.

Filing: 8-K (Material Event)
View on SEC EDGAR → Open Filing Document →
Form 8-K Material Company Update 2026-09-18

MORN filed 8-K — material company event

Morningstar, Inc. filed an 8-K with the SEC reporting a material event. Summary unavailable — view the original SEC filing for the full text.

Filing: 8-K (Material Event)
View on SEC EDGAR → Open Filing Document →
Form 8-K Material Company Update 2026-08-25

MORN filed 8-K — material company event

Morningstar, Inc. filed an 8-K with the SEC reporting a material event. Summary unavailable — view the original SEC filing for the full text.

Filing: 8-K (Material Event)
View on SEC EDGAR → Open Filing Document →
Form 8-K Material Company Update 2026-07-29

MORN filed 8-K — material company event

Morningstar, Inc. filed an 8-K with the SEC reporting a material event. Summary unavailable — view the original SEC filing for the full text.

Filing: 8-K (Material Event)
View on SEC EDGAR → Open Filing Document →
Form 8-K Material Company Update 2026-06-25

MORN filed 8-K — material company event

Morningstar, Inc. filed an 8-K with the SEC reporting a material event. Summary unavailable — view the original SEC filing for the full text.

Filing: 8-K (Material Event)
View on SEC EDGAR → Open Filing Document →
Periodic Reports 1 · Forms 10-K and 10-Q

The periodic reports are where the audited and reviewed financial statements live. This period contains 1 quarterly report (10-Q) for Morningstar, Inc.

The two are not equivalent in weight. A 10-K is audited by an external firm and includes the full risk factor disclosure, business description and management discussion; a 10-Q is unaudited, reviewed rather than examined, and much shorter. When a figure in a quarterly report is later revised, the annual report is usually where the correction appears.

An amended report — 10-K/A or 10-Q/A — restates or corrects something in the original filing, and is worth reading against the version it replaces.

Form 10-Q Quarterly Report 2026-07-29

MORN filed Quarterly Report (10-Q)

Morningstar, Inc. filed its quarterly report with the SEC. This report includes unaudited financial statements and management discussion for the quarter.

Filing: 10-Q (Quarterly Report)
View on SEC EDGAR → Open Filing Document →

How we classify Morningstar, Inc.'s filings

Straight from EDGAR

Each displayed record links to an original source document. StrongBuyAnalytics provides navigation and brief excerpts or summaries, not the filing itself. Parsing may omit context or contain errors, so read the original document in full.

Transaction codes, not guesswork

The nature shown on each insider filing comes from the transaction code the filer entered on the form itself — P for an open-market purchase, A for a compensation award, F for shares withheld to pay tax, M for an option exercise. Where one filing contains several codes, the transaction table lists them line by line.

Why the distinction matters

Insider activity is routinely summarised as buying or selling, which flattens together decisions that mean very different things. Shares withheld for tax on a vesting grant are an automatic administrative step; shares bought on the open market are someone committing their own money at the current price.

What this page does not tell you

A filing records what happened, not why. Form 4 does not always disclose whether a sale was executed under a pre-arranged Rule 10b5-1 plan, and no single filing is a basis for a decision on MORN. Read these alongside the fundamentals rather than in isolation.

Frequently Asked Questions — MORN SEC Filings

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Publisher, sources & limitations — September 15, 2026. StrongBuyAnalytics provides navigation and brief excerpts or summaries for educational use. Original filings remain at SEC EDGAR or other displayed source links; StrongBuyAnalytics does not author them. Filing dates are source dates, not publication dates for this page. Coverage can be delayed, incomplete, amended, or unavailable because of SEC/source availability, parsing, caching, or outages. Verify every material statement in the original filing.
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