MORN Morningstar, Inc. Insider Trading

Executive Chairman Mansueto sells 9,520 shares for $1.7M via 10b5-1 plan; holdings drop 0.1% to 8.04M shares.

Joseph D Mansueto, who held the title Executive Chairman at the time of filing, executed 9 separate sales totaling 9,520 shares for $1,651,985.03 across 2026-05-21 and 2026-05-22, with transaction prices ranging from $172.33 to $179.52 and a blended average price of $173.53. This transaction is part of a pre-arranged 10b5-1 trading plan adopted on 2025-11-19, meaning the sales were scheduled in advance rather than discretionary. The sale reduced his holdings by only 9,520 shares (0.1% of his 8.05M pre-transaction position), leaving him with 8.04M shares post-transaction, indicating the majority of his ownership stake remains intact. The current stock price of $179.64 exceeds the blended transaction price of $173.53, and Morningstar's fundamentals remain solid with Q recent revenue of $644.8M and net income of $107.1M against a P/E of 16.96, with annual revenue growth of 7.5%.

Executive Chairman Mansueto Joseph D sold 21,228 shares ($3.7M) across 16 transactions via 10b5-1 plan; stock down 7.5% in 30 days, -45.5% from 52-week high.

Mansueto Joseph D, who was Executive Chairman, executed 16 separate sales totaling 21,228 shares for $3,718,525.82 under a pre-arranged 10b5-1 trading plan adopted on 2025-11-19, meaning this was a scheduled program rather than a discretionary choice. The sales were executed over two trading days (May 18-20, 2026) at prices ranging from $171.32 to $182.14, with a blended average price of $175.17. Post-transaction holdings of 8,053,012 shares represent a -0.3% reduction from pre-transaction levels. The current stock price of $172.55 is -45.5% from the 52-week high of $316.71, placing the company in a significant drawdown environment; his prior six trades at this ticker show consistently negative 30-day and 90-day returns (ranging from -5.6% to -6.7%), though cross-ticker TRACK RECORD shows similar patterns with -4.4% average 90-day return. Because this sale is governed by a pre-arranged 10b5-1 plan, it carries no timing signal—the schedule was set months earlier and execution reflects predetermined parameters, not current market conditions or conviction.

Morningstar Executive Chairman sells 14,500 shares for $2.4M via pre-arranged 10b5-1 plan on 2026-05-14 to 2026-05-15

Mansueto Joseph D executed 10 separate sales totaling 14,500 shares for $2,445,612.86 at blended average price $168.66, per a pre-arranged 10b5-1 trading plan adopted on 2025-11-19. Because this transaction is scheduled under 10b5-1, it reflects automatic execution rather than discretionary timing. The stock has declined 5.2% over the past 30 days and sits 46.3% below its 52-week high of $316.71, though fundamentals remain stable with P/E of 16.06, annual revenue growth of 7.5%, and net income of $107,100,000.00 in the latest quarter. Post-transaction holdings of 8,074,240 shares represent a small reduction from 8,088,740 shares, keeping his position substantial.

Mansueto sells 18,502 shares totaling $3.3M, returning to heavy liquidation after recent prior sales at same company.

Joseph D. Mansueto, the Executive Chairman and 10% beneficial owner of Morningstar, executed six separate sales totaling $3.3M in shares over a three-day period, continuing a pattern of heavy open-market liquidation. This represents his 882nd through 887th open-market sale in the 36-month window—he has never made a single open-market purchase in that timeframe, only sales and stock-based compensation transactions. The timing is notable: all five of his prior sales at this ticker were well-timed exits, with the stock subsequently declining, and just one day prior (May 7) he executed three sales that similarly saw shares fall afterward. Morningstar remains fundamentally sound—profitable with growing revenue and trading at a reasonable valuation—but Mansueto's unrelenting disposition pattern, concentrated entirely on converting equity to cash across two dozen filings, suggests he is methodically reducing his 10% stake regardless of near-term price direction. The stock trades significantly below its 52-week high, yet this has not altered his sell-heavy execution.

Executive Chairman Joseph D. Mansueto sells ~21,750 MORN shares across three days for $3.67M while stock trades well below its recent highs.

Joseph D. Mansueto, Executive Chairman and significant beneficial owner of Morningstar, executed a substantial three-day liquidation selling over 21,000 shares totaling $3.67 million. The stock has declined meaningfully from its recent highs and is also down over the past three months, providing context for a major insider exit. Mansueto's prior trading record in this stock shows mixed timing results—his most recent completed sale saw the stock appreciate modestly afterward, indicating poor timing on that exit, while four more recent transactions are too recent to evaluate. Morningstar remains a profitable, revenue-growing company trading at a moderate valuation, so this liquidation does not appear driven by fundamental deterioration. The sheer volume and timing of this multi-day sell, combined with Mansueto's status as both an executive and 10% owner, signals a notable capital event that merits attention to official company disclosures for context.

Executive Chairman Joseph Mansueto divests $2.47M in MORN shares across two trading days

Joseph Mansueto, Morningstar's Executive Chairman and significant beneficial owner, executed a large block sale totaling approximately $2.47 million across nine transactions over two days in early May. The sales appear tactical rather than distressed—executed at prices clustered tightly around the current market level, suggesting opportunistic selling rather than panic liquidation. While the stock has retreated substantially from its highs and the 90-day trend is negative, Morningstar remains a profitable company with solid revenue growth and a reasonable valuation, making this less likely a vote of no confidence in fundamentals. The modest percentage of overall holdings involved (less than 0.1% per transaction) indicates measured portfolio rebalancing by a long-term owner rather than wholesale abandonment. For retail investors, this is primarily a liquidity event—a founder-level executive reducing concentrated holdings—not a fundamental warning signal about the business.