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MORN Insider Trading & Form 4 Activity

Morningstar, Inc.
Last filing: Oct 2, 2026·22 days ago
NEUTRAL · LAST 90 DAYS
0%
buyers
$0
0 buys
$199K
1 sell
-$199K
net selling
1
insider
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Net flow — last 12 months

Monthly net of insider buys minus sells. Green months indicate net buying; red months indicate net selling.

Most active insiders

Ranked by total transaction value over the last 90 days.

INSIDERBOUGHTSOLDNET
Mansueto Joseph D
Executive Chairman
—
$20.5M
-$20.5M
Lyons William M
Insider
—
$199K
-$199K
Mansueto Daniel
Insider
—
—
$0
Holt Michael
Chief Financial Officer
—
—
$0
Wiersema Conan
CAO & PAO
—
—
$0

Recent transactions

Every Form 4 transaction for MORN, newest first.

OTHER
Mansueto Daniel · Insider
Tx Sep 30·Filed Oct 2·EDGAR ↗
657,779 sh
—
TAX
Holt Michael · Chief Financial Officer
Tx Sep 1·Filed Sep 2·EDGAR ↗
54 sh @ $218.94
$12K
TAX
Wiersema Conan · CAO & PAO
Tx Sep 1·Filed Sep 2·EDGAR ↗
29 sh @ $218.94
$6K
OTHER
Mansueto Daniel · Insider
Tx Aug 24·Filed Aug 26·EDGAR ↗
376,969 sh
—
SELL10b5-1
Mansueto Joseph D · Executive Chairman
Tx Aug 24·Filed Aug 24·EDGAR ↗
1,181 sh @ $217.26
$257K
SELL10b5-1
Mansueto Joseph D · Executive Chairman
Tx Aug 24·Filed Aug 24·EDGAR ↗
220 sh @ $216.01
$48K
SELL10b5-1
Mansueto Joseph D · Executive Chairman
Tx Aug 24·Filed Aug 24·EDGAR ↗
1,740 sh @ $218.43
$380K
SELL10b5-1
Mansueto Joseph D · Executive Chairman
Tx Aug 24·Filed Aug 24·EDGAR ↗
1,314 sh @ $220.42
$290K
SELL10b5-1
Mansueto Joseph D · Executive Chairman
Tx Aug 24·Filed Aug 24·EDGAR ↗
978 sh @ $219.44
$215K
SELL10b5-1
Mansueto Joseph D · Executive Chairman
Tx Aug 24·Filed Aug 24·EDGAR ↗
226 sh @ $221.12
$50K
SELL10b5-1
Mansueto Joseph D · Executive Chairman
Tx Aug 21·Filed Aug 21·EDGAR ↗
268 sh @ $217.57
$58K
SELL10b5-1
Mansueto Joseph D · Executive Chairman
Tx Aug 21·Filed Aug 21·EDGAR ↗
3,827 sh @ $216.70
$829K
SELL10b5-1
Mansueto Joseph D · Executive Chairman
Tx Aug 20·Filed Aug 21·EDGAR ↗
3,157 sh @ $212.87
$672K
SELL10b5-1
Mansueto Joseph D · Executive Chairman
Tx Aug 20·Filed Aug 21·EDGAR ↗
1,359 sh @ $214.16
$291K
SELL10b5-1
Mansueto Joseph D · Executive Chairman
Tx Aug 20·Filed Aug 21·EDGAR ↗
1,938 sh @ $215.18
$417K
SELL10b5-1
Mansueto Joseph D · Executive Chairman
Tx Aug 20·Filed Aug 21·EDGAR ↗
501 sh @ $217.13
$109K
SELL10b5-1
Mansueto Joseph D · Executive Chairman
Tx Aug 20·Filed Aug 21·EDGAR ↗
295 sh @ $216.16
$64K
SELL10b5-1
Mansueto Joseph D · Executive Chairman
Tx Aug 19·Filed Aug 19·EDGAR ↗
680 sh @ $210.24
$143K
SELL10b5-1
Mansueto Joseph D · Executive Chairman
Tx Aug 19·Filed Aug 19·EDGAR ↗
426 sh @ $211.52
$90K
SELL10b5-1
Mansueto Joseph D · Executive Chairman
Tx Aug 19·Filed Aug 19·EDGAR ↗
189 sh @ $217.01
$41K
SELL10b5-1
Mansueto Joseph D · Executive Chairman
Tx Aug 19·Filed Aug 19·EDGAR ↗
1,785 sh @ $214.81
$383K
SELL10b5-1
Mansueto Joseph D · Executive Chairman
Tx Aug 19·Filed Aug 19·EDGAR ↗
114 sh @ $208.21
$24K
SELL10b5-1
Mansueto Joseph D · Executive Chairman
Tx Aug 19·Filed Aug 19·EDGAR ↗
369 sh @ $215.93
$80K
SELL10b5-1
Mansueto Joseph D · Executive Chairman
Tx Aug 19·Filed Aug 19·EDGAR ↗
3,031 sh @ $213.96
$649K
SELL10b5-1
Mansueto Joseph D · Executive Chairman
Tx Aug 18·Filed Aug 19·EDGAR ↗
2,708 sh @ $210.32
$570K
SELL10b5-1
Mansueto Joseph D · Executive Chairman
Tx Aug 18·Filed Aug 19·EDGAR ↗
1,588 sh @ $211.26
$335K
SELL10b5-1
Mansueto Joseph D · Executive Chairman
Tx Aug 18·Filed Aug 19·EDGAR ↗
106 sh @ $212.20
$22K
SELL10b5-1
Mansueto Joseph D · Executive Chairman
Tx Aug 18·Filed Aug 19·EDGAR ↗
1,935 sh @ $209.48
$405K
SELL10b5-1
Mansueto Joseph D · Executive Chairman
Tx Aug 18·Filed Aug 19·EDGAR ↗
913 sh @ $208.13
$190K
SELL10b5-1
Mansueto Joseph D · Executive Chairman
Tx Aug 18·Filed Aug 19·EDGAR ↗
656 sh @ $212.53
$139K
SELL10b5-1
Mansueto Joseph D · Executive Chairman
Tx Aug 17·Filed Aug 19·EDGAR ↗
5,749 sh @ $206.84
$1.2M
SELL10b5-1
Mansueto Joseph D · Executive Chairman
Tx Aug 17·Filed Aug 19·EDGAR ↗
1,501 sh @ $207.81
$312K
SELL10b5-1
Mansueto Joseph D · Executive Chairman
Tx Aug 14·Filed Aug 14·EDGAR ↗
3,924 sh @ $206.28
$809K
SELL10b5-1
Mansueto Joseph D · Executive Chairman
Tx Aug 14·Filed Aug 14·EDGAR ↗
2,809 sh @ $207.33
$582K
SELL10b5-1
Mansueto Joseph D · Executive Chairman
Tx Aug 14·Filed Aug 14·EDGAR ↗
240 sh @ $208.45
$50K
SELL10b5-1
Mansueto Joseph D · Executive Chairman
Tx Aug 14·Filed Aug 14·EDGAR ↗
277 sh @ $209.38
$58K
SELL10b5-1
Mansueto Joseph D · Executive Chairman
Tx Aug 13·Filed Aug 14·EDGAR ↗
2,936 sh @ $197.88
$581K
SELL10b5-1
Mansueto Joseph D · Executive Chairman
Tx Aug 13·Filed Aug 14·EDGAR ↗
3,498 sh @ $197.06
$689K
SELL10b5-1
Mansueto Joseph D · Executive Chairman
Tx Aug 13·Filed Aug 14·EDGAR ↗
430 sh @ $198.96
$86K
SELL10b5-1
Mansueto Joseph D · Executive Chairman
Tx Aug 13·Filed Aug 14·EDGAR ↗
26 sh @ $199.75
$5K
SELL10b5-1
Mansueto Joseph D · Executive Chairman
Tx Aug 13·Filed Aug 14·EDGAR ↗
178 sh @ $206.78
$37K
SELL10b5-1
Mansueto Joseph D · Executive Chairman
Tx Aug 13·Filed Aug 14·EDGAR ↗
52 sh @ $202.09
$11K
SELL10b5-1
Mansueto Joseph D · Executive Chairman
Tx Aug 13·Filed Aug 14·EDGAR ↗
78 sh @ $203.79
$16K
SELL10b5-1
Mansueto Joseph D · Executive Chairman
Tx Aug 12·Filed Aug 12·EDGAR ↗
26 sh @ $197.63
$5K
SELL10b5-1
Mansueto Joseph D · Executive Chairman
Tx Aug 12·Filed Aug 12·EDGAR ↗
291 sh @ $197.09
$57K
SELL10b5-1
Mansueto Joseph D · Executive Chairman
Tx Aug 12·Filed Aug 12·EDGAR ↗
5,027 sh @ $194.96
$980K
SELL10b5-1
Mansueto Joseph D · Executive Chairman
Tx Aug 12·Filed Aug 12·EDGAR ↗
1,906 sh @ $195.77
$373K
SELL10b5-1
Mansueto Joseph D · Executive Chairman
Tx Aug 11·Filed Aug 12·EDGAR ↗
974 sh @ $200.32
$195K
SELL10b5-1
Mansueto Joseph D · Executive Chairman
Tx Aug 10·Filed Aug 12·EDGAR ↗
7,250 sh @ $201.84
$1.5M
SELL10b5-1
Mansueto Joseph D · Executive Chairman
Tx Aug 7·Filed Aug 7·EDGAR ↗
1,453 sh @ $198.49
$288K

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About MORN insider trading data

Form 4 is the SEC filing required when an officer, director, or 10% owner of a public company buys or sells the company's stock. By law, these filings must be submitted within two business days of the trade. Tracenotes pulls every Form 4 filing for MORN from EDGAR, parses it, and surfaces the activity on this page.

What insider buying tells you. Open-market purchases by insiders are widely studied as a meaningful signal. Unlike stock awards (which are compensation, not conviction), an executive spending their own money to buy shares of the company they run is a vote of confidence. Studies have found insider-buying clusters — three or more insiders buying within a short window — outperform the broader market over the following year.

What insider selling tells you. Selling is noisier. Many sales are pre-scheduled under SEC Rule 10b5-1 plans, which let insiders sell on a fixed schedule regardless of company news. We label these "10b5-1" so you can see them. Discretionary sales — sales not tied to a plan — are more meaningful, especially when multiple insiders sell in quick succession.

Tracenotes methodology. We scan EDGAR daily for new Form 4 filings, parse them into individual transactions, and detect clusters when three or more distinct insiders buy or sell within a 14-day window. The data on this page covers the last 12 months. For deeper analysis, Tracenotes also runs language-change detection on 10-K and 10-Q filings — that's our core product.

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Frequently asked questions

What is a Form 4 filing?

Form 4 is the SEC disclosure required when a company insider — an officer, director, or 10% owner — buys or sells the company's stock. By law these filings must be submitted within two business days of the trade.

Is insider buying MORN always bullish?

Open-market purchases by insiders are widely viewed as a bullish signal because executives are spending their own money. Stock awards and option exercises are part of compensation and don't carry the same weight, which is why we treat them separately on this page.

What is a 10b5-1 trade?

A trade made under SEC Rule 10b5-1, which lets insiders pre-schedule sales weeks or months in advance. These sales execute on a fixed plan regardless of company news, so they're a weaker signal than discretionary sales. We label them with a "10b5-1" tag.

What is an insider cluster?

A cluster is when three or more distinct insiders buy or sell within a 14-day window. Clusters are studied as stronger signals than single trades because multiple people independently reach the same view. We surface active clusters on Morningstar, Inc. (MORN) when they form.

Where does MORN insider trading data come from?

Every Form 4 filing for MORN is sourced directly from SEC EDGAR. Tracenotes scans EDGAR daily, parses each Form 4 into individual transactions, and updates this page within hours of new filings.

Nothing on this page constitutes investment advice. Form 4 data is sourced from SEC EDGAR and provided for research purposes only.

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