MORN - Morningstar, Inc.

Insider Sale by Mansueto Joseph D (Exec COB, 10%)

1 Month
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Trade Summary

2 days ago, Mansueto Joseph D, serving as Exec COB, 10% owner at Morningstar, Inc. (MORN), sold 13,858 shares at $161.62 per share, for a total transaction value of $2,239,664.00. Following this transaction, Mansueto Joseph D now holds 14,603,289 shares of MORN.

The trade was executed on Thursday, February 19, 2026 and publicly disclosed via SEC Form 4 filing on Friday, February 20, 2026, 1 day after the trade was made.

Morningstar, Inc. operates in the FINANCIAL SERVICES sector, specifically within the FINANCIAL DATA & STOCK EXCHANGES industry. Insider selling activity in this sector can provide valuable signals about industry trends and company-specific developments.

Mansueto Joseph D

Exec COB, 10%

Joseph D. Mansueto (born September 3, 1956) is an American billionaire entrepreneur, founder, majority owner, and executive chairman of Morningstar, Inc. (MORN), a leading investment research firm he established in 1984 from his Chicago apartment with $80,000.[[1]](https://www.chicagobooth.edu/alumni/distinguished-alumni-award/honorees/joseph-mansueto)[[2]](https://en.wikipedia.org/wiki/Joe_Mansueto)[[3]](https://shareholders.morningstar.com/governance/board-of-directors/person-details/default.aspx?ItemId=aff4caba-2eb8-4c16-80fd-1f9c93ea514b)[[4]](https://www.lib.uchicago.edu/mansueto/history/jrbio/) A University of Chicago alumnus with a bachelor's in business administration (AB '78) and an MBA from Chicago Booth (1980), Mansueto served as Morningstar's CEO from 1984-1996 and 2000-2017, guiding its growth into a global company with international expansion, new business lines, and its iconic mutual fund star ratings that revolutionized the industry.[[1]](https://www.chicagobooth.edu/alumni/distinguished-alumni-award/honorees/joseph-mansueto)[[3]](https://shareholders.morningstar.com/governance/board-of-directors/person-details/default.aspx?ItemId=aff4caba-2eb8-4c16-80fd-1f9c93ea514b)[[5]](https://www.chicagomag.com/chicago-magazine/june-2006/the-quiet-billionaire/) The firm went public in 2005, and as of 2024, his majority stake contributed to a net worth of $6.7 billion.[[2]](https://en.wikipedia.org/wiki/Joe_Mansueto) Mansueto, who owns about 60.4% of Morningstar as of 2008, also founded Mansueto Ventures, acquiring magazines *Inc.* and *Fast Company* in 2005, and serves as CEO of Mansueto Office.[[2]](https://en.wikipedia.org/wiki/Joe_Mansueto)[[4]](https://www.lib.uchicago.edu/mansueto/history/jrbio/)[[6]](https://mansuetoffice.com/about) His sports investments include full ownership of Major League Soccer's Chicago Fire FC (acquired 2019) and Swiss Super League's FC Lugano (2021).[[2]](https://en.wikipedia.org/wiki/Joe_Mansueto) A philanthropist, he joined The Giving Pledge in 2010 and donated $35 million in 2016 to establish the Mansueto Institute for Urban Innovation at the University of Chicago.[[2]](https://en.wikipedia.org/wiki/Joe_Mansueto)

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Trade Price

$161.62

Quantity

13,858

Total Value

$2,239,664.00

Shares Owned

14,603,289

Trade Date

Thursday, February 19, 2026

2 days ago

SEC Filing Date

Friday, February 20, 2026

Filed 1 day after trade

FINANCIAL SERVICESFINANCIAL DATA & STOCK EXCHANGES

About Morningstar, Inc.

Company Overview

No company information available
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