Trade Summary

Yesterday, Lyons William M, serving as Dir at Morningstar, Inc. (MORN), sold 1,000 shares at $199.00 per share, for a total transaction value of $199,000.00. Following this transaction, Lyons William M now holds 12,904 shares of MORN.

This sale represents a 7.19% decrease in Lyons William M's stake in the company. This is considered a high-conviction trade given the significant change in ownership.

The trade was executed on Monday, August 3, 2026 and publicly disclosed via SEC Form 4 filing on Monday, August 3, 2026 at 6:15 PM ET, meaning the disclosure happened on the same day as the trade.

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.