MORN / Morningstar, Inc. - Pengajuan SECLaporan Tahunan, Pernyataan Proksi

Investor Questions and Answers: August 29, 2025

Exhibit 99.1 Investor Questions and Answers: August 29, 2025 We encourage current shareholders, potential shareholders, and other interested parties to send questions to us in writing and we make written responses available on a periodic basis. The following answers respond to selected questions primarily received through July 31, 2025. We retain the discretion to combine answers for duplicate or

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 8-K CURRENT REPORT Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934 Date of Report (Date of earliest event reported): August 29, 2025 MORNINGSTAR, INC.

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 8-K CURRENT REPORT Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934 Date of Report (Date of earliest event reported): August 29, 2025 MORNINGSTAR, INC. (Exact name of registrant as specified in its charter) Illinois 000-51280 36-3297908 (State or other jurisdiction of incorporation) (Commission File

Investor Questions and Answers: August 5, 2025 We encourage current shareholders, potential shareholders, and other interested parties to send questions to us in writing and we make written responses available on a periodic basis. The following answe

responsestoinvestorquest Investor Questions and Answers: August 5, 2025 We encourage current shareholders, potential shareholders, and other interested parties to send questions to us in writing and we make written responses available on a periodic basis.

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 8-K CURRENT REPORT Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934 Date of Report (Date of earliest event reported): August 5, 2025 MORNINGSTAR, INC.

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 8-K CURRENT REPORT Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934 Date of Report (Date of earliest event reported): August 5, 2025 MORNINGSTAR, INC. (Exact name of registrant as specified in its charter) Illinois (State or other jurisdiction of incorporation) 000-51280 (Commission File Number) 36-3

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-Q ☑ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 FOR THE QUARTERLY PERIOD ENDED June 30, 2025 ☐ TRANSITION REPORT PURSUANT TO S

Table of Contents UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-Q ☑ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 FOR THE QUARTERLY PERIOD ENDED June 30, 2025 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from to Commission File Number: 000-51280 MOR

MORNINGSTAR, INC. AMENDED AND RESTATED 2011 STOCK INCENTIVE PLAN MARKET STOCK UNIT AWARD AGREEMENT

MORNINGSTAR, INC. AMENDED AND RESTATED 2011 STOCK INCENTIVE PLAN MARKET STOCK UNIT AWARD AGREEMENT THIS MARKET STOCK UNIT AWARD AGREEMENT, which includes the Online Grant Acceptance form (the “Grant Notice”) provided to the Participant named therein and any special terms and conditions for the Participant’s country set forth in the Addendum attached hereto (together, the “Award Agreement”), is mad

MORNINGSTAR, INC. AMENDED AND RESTATED 2011 STOCK INCENTIVE PLAN RESTRICTED STOCK UNIT AWARD AGREEMENT

MORNINGSTAR, INC. AMENDED AND RESTATED 2011 STOCK INCENTIVE PLAN RESTRICTED STOCK UNIT AWARD AGREEMENT THIS RESTRICTED STOCK UNIT AWARD AGREEMENT, which includes the Online Grant Acceptance form (the “Grant Notice”) provided to the Participant named therein and any special terms and conditions for the Participant’s country set forth in the Addendum attached hereto (together, the “Award Agreement”)

MORNINGSTAR, INC. AMENDED AND RESTATED 2011 STOCK INCENTIVE PLAN STRETCH PERFORMANCE STOCK UNIT AWARD AGREEMENT

MORNINGSTAR, INC. AMENDED AND RESTATED 2011 STOCK INCENTIVE PLAN STRETCH PERFORMANCE STOCK UNIT AWARD AGREEMENT THIS STRETCH PERFORMANCE STOCK UNIT AWARD AGREEMENT, which includes the Online Grant Acceptance form (the “Grant Notice”) provided to the Participant named therein and any special terms and conditions for the Participant’s country set forth in the Addendum attached hereto (together, the

MORNINGSTAR, INC. EXECUTIVE SEVERANCE POLICY (Effective May 9, 2025)

MORNINGSTAR, INC. EXECUTIVE SEVERANCE POLICY (Effective May 9, 2025) In order to encourage the retention of key management employees, the Compensation Committee of the Board of Directors (the “Committee”) of Morningstar, Inc., an Illinois corporation (the “Company”), has adopted this Executive Severance Policy (as it may be amended pursuant to the terms hereof, this “Policy”). SECTION 1. Definitio

MORNINGSTAR, INC. AMENDED AND RESTATED 2011 STOCK INCENTIVE PLAN DIRECTOR RESTRICTED STOCK UNIT AWARD AGREEMENT

MORNINGSTAR, INC. AMENDED AND RESTATED 2011 STOCK INCENTIVE PLAN DIRECTOR RESTRICTED STOCK UNIT AWARD AGREEMENT THIS DIRECTOR RESTRICTED STOCK UNIT AWARD AGREEMENT, which includes the Online Grant Acceptance form (the “Grant Notice”) provided to the Participant named therein (together, the “Award Agreement”), is made under the Morningstar, Inc. Amended and Restated 2011 Stock Incentive Plan, as am

Second-Quarter 2025 Supplemental Presentation July 30, 2025 2 This presentation contains forward-looking statements within the meaning of Private Securities Litigation Reform Act of 1995. These statements are based on our current expectations about f

Second-Quarter 2025 Supplemental Presentation July 30, 2025 2 This presentation contains forward-looking statements within the meaning of Private Securities Litigation Reform Act of 1995.

© July 30, 2025. Morningstar. All Rights Reserved. Letter from CEO Kunal Kapoor Second-Quarter Earnings 2025 Dear Morningstar shareholders, PitchBook, Morningstar Direct Platform, and Morningstar Credit were the key drivers of our 5.8% revenue growth

© July 30, 2025. Morningstar. All Rights Reserved. Letter from CEO Kunal Kapoor Second-Quarter Earnings 2025 Dear Morningstar shareholders, PitchBook, Morningstar Direct Platform, and Morningstar Credit were the key drivers of our 5.8% revenue growth (5.9% organic) in the second quarter, compared to the prior-year period. Organic revenue growth declined relative to recent quarters, reflecting slow

Regulation FD Disclosure, Financial Statements and Exhibits, Results of Operations and Financial Condition

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 8-K CURRENT REPORT Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934 Date of Report (Date of earliest event reported): July 30, 2025 MORNINGSTAR, INC. (Exact name of registrant as specified in its charter) Illinois (State or other jurisdiction of incorporation) 000-51280 (Commission File Number) 36-32

22 West Washington Street Telephone: +1 312 696-6000

News Release 22 West Washington Street Telephone: +1 312 696-6000 Chicago Facsimile: +1 312 696-6009 Illinois 60602 FOR IMMEDIATE RELEASE Morningstar, Inc.

Investor Questions and Answers: June 27, 2025 We encourage current shareholders, potential shareholders, and other interested parties to send questions to us in writing and we make written responses available on a periodic basis. The following answer

Investor Questions and Answers: June 27, 2025 We encourage current shareholders, potential shareholders, and other interested parties to send questions to us in writing and we make written responses available on a periodic basis.

Regulation FD Disclosure, Financial Statements and Exhibits

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 8-K CURRENT REPORT Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934 Date of Report (Date of earliest event reported): June 27, 2025 MORNINGSTAR, INC. (Exact name of registrant as specified in its charter) Illinois (State or other jurisdiction of incorporation) 000-51280 (Commission File Number) 36-32

Financial Statements and Exhibits, Other Events

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 8-K CURRENT REPORT Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934 Date of Report (Date of earliest event reported): June 20, 2025 MORNINGSTAR, INC. (Exact name of registrant as specified in its charter) Illinois (State or other jurisdiction of incorporation) 000-51280 (Commission File Number) 36-32

1 of 2 Media Contact: Landon Hudson, +1 312 696-6037 or [email protected] FOR IMMEDIATE RELEASE Morningstar, Inc. Declares Quarterly Dividend of 45.5 Cents Per Share CHICAGO, June 20, 2025— The board of directors of Morningstar, Inc. (Nasdaq:

1 of 2 Media Contact: Landon Hudson, +1 312 696-6037 or [email protected] FOR IMMEDIATE RELEASE Morningstar, Inc. Declares Quarterly Dividend of 45.5 Cents Per Share CHICAGO, June 20, 2025— The board of directors of Morningstar, Inc. (Nasdaq: MORN), a leading provider of independent investment insights, today declared a quarterly dividend of 45.5 cents per share, consistent with the dividen

Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers, Submission of Matters to a Vote of Security Holders

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 8-K CURRENT REPORT Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934 Date of Report (Date of earliest event reported): May 9, 2025 MORNINGSTAR, INC. (Exact name of registrant as specified in its charter) Illinois (State or other jurisdiction of incorporation) 000-51280 (Commission File Number) 36-3297

Regulation FD Disclosure, Financial Statements and Exhibits

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 8-K CURRENT REPORT Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934 Date of Report (Date of earliest event reported): May 7, 2025 MORNINGSTAR, INC. (Exact name of registrant as specified in its charter) Illinois (State or other jurisdiction of incorporation) 000-51280 (Commission File Number) 36-3297

Investor Questions and Answers: May 7, 2025 We encourage current shareholders, potential shareholders, and other interested parties to send questions to us in writing and we make written responses available on a periodic basis. The following answers

Investor Questions and Answers: May 7, 2025 We encourage current shareholders, potential shareholders, and other interested parties to send questions to us in writing and we make written responses available on a periodic basis.

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-Q ☑ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 FOR THE QUARTERLY PERIOD ENDED March 31, 2025 ☐ TRANSITION REPORT PURSUANT TO

Table of Contents UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-Q ☑ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 FOR THE QUARTERLY PERIOD ENDED March 31, 2025 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from to Commission File Number: 000-51280 MO

First-Quarter 2025 Supplemental Presentation April 30, 2025 2 This presentation contains forward-looking statements within the meaning of Private Securities Litigation Reform Act of 1995. These statements are based on our current expectations about f

First-Quarter 2025 Supplemental Presentation April 30, 2025 2 This presentation contains forward-looking statements within the meaning of Private Securities Litigation Reform Act of 1995.

Shareholder Letter dated April 30, 2025.

Regulation FD Disclosure, Financial Statements and Exhibits, Results of Operations and Financial Condition

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 8-K CURRENT REPORT Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934 Date of Report (Date of earliest event reported): April 30, 2025 MORNINGSTAR, INC. (Exact name of registrant as specified in its charter) Illinois (State or other jurisdiction of incorporation) 000-51280 (Commission File Number) 36-3

22 West Washington Street Telephone: +1 312 696-6000

News Release 22 West Washington Street Telephone: +1 312 696-6000 Chicago Facsimile: +1 312 696-6009 Illinois 60602 FOR IMMEDIATE RELEASE Morningstar, Inc.

Regulation FD Disclosure, Financial Statements and Exhibits

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 8-K CURRENT REPORT Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934 Date of Report (Date of earliest event reported): April 28, 2025 MORNINGSTAR, INC. (Exact name of registrant as specified in its charter) Illinois (State or other jurisdiction of incorporation) 000-51280 (Commission File Number) 36-3

Investor Questions and Answers: April 28, 2025 We encourage current shareholders, potential shareholders, and other interested parties to send questions to us in writing and we make written responses available on a periodic basis. The following answe

Investor Questions and Answers: April 28, 2025 We encourage current shareholders, potential shareholders, and other interested parties to send questions to us in writing and we make written responses available on a periodic basis.

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 SCHEDULE 14A Proxy Statement Pursuant to Section 14(a) of the Securities Exchange Act of 1934 (Amendment No.)

DEFA14A UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 SCHEDULE 14A Proxy Statement Pursuant to Section 14(a) of the Securities Exchange Act of 1934 (Amendment No.) Filed by the Registrant ☒        Filed by a Party other than the Registrant ☐ Check the appropriate box: ☐ Preliminary Proxy Statement ☐ Confidential, for Use of the Commission Only (as permitted by Rule 14a-6(

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 SCHEDULE 14A Proxy Statement Pursuant to Section 14(a) of the Securities Exchange Act of 1934 (Amendment No.)

Table of Contents UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 SCHEDULE 14A Proxy Statement Pursuant to Section 14(a) of the Securities Exchange Act of 1934 (Amendment No.) Filed by the Registrant  ☒ Filed by a Party other than the Registrant  ☐ Check the appropriate box: ☐ Preliminary Proxy Statement ☐ Confidential, for Use of the Commission Only (as permitted by Rule 1

2024 Annual Report Morningstar, Inc. Letter to Shareholders 3 Company Goals Update Delivering insights across asset classes to public- and 6 private-market investors Leveraging advances in artificial intelligence to drive innovation 8 across internal

2024 Annual Report Morningstar, Inc. Letter to Shareholders 3 Company Goals Update Delivering insights across asset classes to public- and 6 private-market investors Leveraging advances in artificial intelligence to drive innovation 8 across internal and external products and services Driving operational excellence and scalability to support 9 growth targets Building an amazing culture that suppor

Investor Questions and Answers: March 25, 2025

Exhibit 99.1 Investor Questions and Answers: March 25, 2025 We encourage current shareholders, potential shareholders, and other interested parties to send questions to us in writing and we make written responses available on a periodic basis. The following answers respond to selected questions primarily received through January 31, 2025. We retain the discretion to combine answers for duplicate o

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 8-K CURRENT REPORT Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934 Date of Report (Date of earliest event reported): March 25, 2025 MORNINGSTAR, INC.

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 8-K CURRENT REPORT Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934 Date of Report (Date of earliest event reported): March 25, 2025 MORNINGSTAR, INC. (Exact name of registrant as specified in its charter) Illinois 000-51280 36-3297908 (State or other jurisdiction of incorporation) (Commission File N

Investor Q&A.

Exhibit 99.1 Investor Questions and Answers: March 25, 2025 We encourage current shareholders, potential shareholders, and other interested parties to send questions to us in writing and we make written responses available on a periodic basis. The following answers respond to selected questions primarily received through January 31, 2025. We retain the discretion to combine answers for duplicate o

Regulation FD Disclosure, Financial Statements and Exhibits

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 8-K CURRENT REPORT Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934 Date of Report (Date of earliest event reported): March 25, 2025 MORNINGSTAR, INC. (Exact name of registrant as specified in its charter) Illinois 000-51280 36-3297908 (State or other jurisdiction of incorporation) (Commission File N

1 of 2 Media Contact: Landon Hudson, +1 312 696-6037 or [email protected] FOR IMMEDIATE RELEASE Morningstar, Inc. Declares Quarterly Dividend of 45.5 Cents Per Share CHICAGO, March 14, 2025— The board of directors of Morningstar, Inc. (Nasdaq:

1 of 2 Media Contact: Landon Hudson, +1 312 696-6037 or [email protected] FOR IMMEDIATE RELEASE Morningstar, Inc. Declares Quarterly Dividend of 45.5 Cents Per Share CHICAGO, March 14, 2025— The board of directors of Morningstar, Inc. (Nasdaq: MORN), a leading provider of independent investment research, today declared a quarterly dividend of 45.5 cents per share, consistent with the divide

Financial Statements and Exhibits, Other Events

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 8-K CURRENT REPORT Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934 Date of Report (Date of earliest event reported): March 14, 2025 MORNINGSTAR, INC. (Exact name of registrant as specified in its charter) Illinois (State or other jurisdiction of incorporation) 000-51280 (Commission File Number) 36-3

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington D.C. 20549 FORM 10-K ☒ ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the fiscal year ended December 31, 2024 ☐ TRANSITION REPORT PURSUANT TO SECTIO

Table of Contents UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington D.C. 20549 FORM 10-K ☒ ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the fiscal year ended December 31, 2024 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from to Commission File Number: 000-51280 MORNINGS

© 2024 Morningstar. All Rights Reserved. This Insider Trading Policy (“Policy”) has been adopted by the Board of Directors of Morningstar, Inc. (“Morningstar” or the “Company”) to promote compliance with insider trading laws. This Policy applies to a

© 2024 Morningstar. All Rights Reserved. This Insider Trading Policy (“Policy”) has been adopted by the Board of Directors of Morningstar, Inc. (“Morningstar” or the “Company”) to promote compliance with insider trading laws. This Policy applies to all Covered Parties (as defined in section I), globally. However, substantial additional requirements relating to securities laws may apply to certain

The information below is presented as of the date of this filing. Listed below are all the subsidiaries of Morningstar, Inc., except certain subsidiaries which are not included in the listing because, considered in the aggregate, they do not constitu

EXHIBIT 21.1 The information below is presented as of the date of this filing. Listed below are all the subsidiaries of Morningstar, Inc., except certain subsidiaries which are not included in the listing because, considered in the aggregate, they do not constitute a significant subsidiary as of the date compiled. Subsidiaries of Morningstar, Inc. Subsidiary Jurisdiction of Formation Ownership Inf

22 West Washington Street Telephone: +1 312 696-6000

News Release 22 West Washington Street Telephone: +1 312 696-6000 Chicago Facsimile: +1 312 696-6009 Illinois 60602 FOR IMMEDIATE RELEASE Morningstar, Inc.

Fourth-Quarter 2024 Supplemental Presentation February 26, 2025 This presentation contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. These statements are based on our current expectations a

Fourth-Quarter 2024 Supplemental Presentation February 26, 2025 This presentation contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995.

© February 26, 2025. Morningstar. All Rights Reserved. Letter from CEO Kunal Kapoor Fourth-Quarter Earnings 2024 Dear Morningstar shareholders, In the fourth quarter, revenue grew 9.7%, or 10.6% on an organic basis, with higher operating margins comp

© February 26, 2025. Morningstar. All Rights Reserved. Letter from CEO Kunal Kapoor Fourth-Quarter Earnings 2024 Dear Morningstar shareholders, In the fourth quarter, revenue grew 9.7%, or 10.6% on an organic basis, with higher operating margins compared to the prior-year period. Adjusted operating margin decreased slightly due in large part to a jump in bonus expense, primarily in Morningstar Cre

Regulation FD Disclosure, Financial Statements and Exhibits, Results of Operations and Financial Condition

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 8-K CURRENT REPORT Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934 Date of Report (Date of earliest event reported): February 26, 2025 MORNINGSTAR, INC. (Exact name of registrant as specified in its charter) Illinois (State or other jurisdiction of incorporation) 000-51280 (Commission File Number) 3

Investor Questions and Answers: January 31, 2025 We encourage current shareholders, potential shareholders, and other interested parties to send questions to us in writing and we make written responses available on a periodic basis. The following ans

Investor Questions and Answers: January 31, 2025 We encourage current shareholders, potential shareholders, and other interested parties to send questions to us in writing and we make written responses available on a periodic basis.

Regulation FD Disclosure, Financial Statements and Exhibits

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 8-K CURRENT REPORT Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934 Date of Report (Date of earliest event reported): January 31, 2025 MORNINGSTAR, INC. (Exact name of registrant as specified in its charter) Illinois (State or other jurisdiction of incorporation) 000-51280 (Commission File Number) 36

Regulation FD Disclosure, Financial Statements and Exhibits

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 8-K CURRENT REPORT Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934 Date of Report (Date of earliest event reported): December 13, 2024 MORNINGSTAR, INC. (Exact name of registrant as specified in its charter) Illinois (State or other jurisdiction of incorporation) 000-51280 (Commission File Number) 3

Investor Questions and Answers: December 13, 2024 We encourage current shareholders, potential shareholders, and other interested parties to send questions to us in writing and we make written responses available on a periodic basis. The following an

Investor Questions and Answers: December 13, 2024 We encourage current shareholders, potential shareholders, and other interested parties to send questions to us in writing and we make written responses available on a periodic basis.

Offer Letter between Morningstar, Inc. and Michael Holt dated December 6, 2024.

EXHIBIT 10.1 12/6/2024 Michael Holt c/o Morningstar 22 West Washington Street Chicago, IL 60602 Dear Mike, Morningstar, Inc., is pleased to extend an offer to you for the Chief Financial Officer position, reporting to me, effective January 1, 2025. Cash Compensation The annual base salary for the Chief Financial Officer role will be $450,000 paid semi-monthly. You will also be eligible to particip

Morningstar Appoints Michael Holt as Chief Financial Officer

Exhibit 99.1 Investor Relations Contact: Sarah Bush, [email protected] Media Relations Contact: Stephanie Lerdall, [email protected] DRAFT – NOT FOR IMMEDIATE RELEASE Morningstar Appoints Michael Holt as Chief Financial Officer CHICAGO, December 10, 2024—Morningstar, Inc. (Nasdaq: MORN), a global provider of independent investment insights, today announced the appointment of Michael

MORN / Morningstar, Inc. / Mansueto Daniel - SC 13G Passive Investment

SC 13G 1 tm2430062d1sc13g.htm SC 13G UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 SCHEDULE 13G Under the Securities Exchange Act of 1934 Morningstar, Inc. (Name of Issuer) Common Stock, no par value (Title of Class of Securities) 617700 10 9 (CUSIP Number) December 04, 2024 (Date of Event Which Requires Filing of this Statement) Check the appropriate box to designate the

Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers, Financial Statements and Exhibits

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 8-K CURRENT REPORT Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934 Date of Report (Date of earliest event reported): December 6, 2024 MORNINGSTAR, INC. (Exact name of registrant as specified in its charter) Illinois 000-51280 36-3297908 (State or other jurisdiction of incorporation) (Commission File

1 of 2 Media Contact: Landon Hudson, +1 312 696-6037 or [email protected] FOR IMMEDIATE RELEASE Morningstar, Inc. Increases Quarterly Dividend to 45.5 Cents Per Share CHICAGO, Dec. 6, 2024— The board of directors of Morningstar, Inc. (Nasdaq:

1 of 2 Media Contact: Landon Hudson, +1 312 696-6037 or [email protected] FOR IMMEDIATE RELEASE Morningstar, Inc. Increases Quarterly Dividend to 45.5 Cents Per Share CHICAGO, Dec. 6, 2024— The board of directors of Morningstar, Inc. (Nasdaq: MORN), a leading provider of independent investment research, today declared a quarterly dividend of 45.5 cents per share, payable Jan. 31, 2025, to s

Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers, Financial Statements and Exhibits, Other Events

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 8-K CURRENT REPORT Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934 Date of Report (Date of earliest event reported): December 3, 2024 MORNINGSTAR, INC. (Exact name of registrant as specified in its charter) Illinois (State or other jurisdiction of incorporation) 000-51280 (Commission File Number) 36

Contract Services Agreement dated December 3, 2024

Execution Version CONTRACT SERVICES AGREEMENT This Contract Services Agreement (“Agreement”) is made by and between Morningstar, Inc.

Separation Agreement dated December 3, 2024

EXECUTION VERSION SEPARATION AGREEMENT AND GENERAL RELEASE This Separation Agreement and General Release (the “Agreement”) is made by and between Jason Dubinsky and his heirs, agents, and assigns (hereinafter, “Employee”) and Morningstar, Inc.

MORN / Morningstar, Inc. / Select Equity Group, L.P. - SCHEDULE 13G (AMENDMENT NO. 5) Passive Investment

SC 13G/A 1 s013024a.htm SCHEDULE 13G (AMENDMENT NO. 5) SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 SCHEDULE 13G Under the Securities Exchange Act of 1934 (Amendment No. 5)* Morningstar, Inc. (Name of Issuer) Common Stock, no par value (Title of Class of Securities) 617700109 (CUSIP Number) September 30, 2024 (Date of Event Which Requires Filing of This Statement) Check the appropriat

EXHIBIT 99.1

EX-99.1 2 s013024b.htm EXHIBIT 99.1 EXHIBIT 99.1 The identity and the Item 3 classification of the relevant subsidiary are: Select Equity Group, L.P., which is an Investment Adviser in accordance with Rule 13d-1(b)(1)(ii)(E).

Investor Questions and Answers: November 12, 2024 We encourage current shareholders, potential shareholders, and other interested parties to send questions to us in writing and we make written responses available on a periodic basis. The following an

Investor Questions and Answers: November 12, 2024 We encourage current shareholders, potential shareholders, and other interested parties to send questions to us in writing and we make written responses available on a periodic basis.

MORN / Morningstar, Inc. / Mansueto Joseph D - SC 13G/A Passive Investment

SC 13G/A 1 tm2428057d1sc13ga.htm SC 13G/A UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 SCHEDULE 13G Under the Securities Exchange Act of 1934 (Amendment No. 19)* Morningstar, Inc. (Name of Issuer) Common Stock, no par value (Title of Class of Securities) 617700 10 9 (CUSIP Number) September 30, 2024 (Date of Event Which Requires Filing of this Statement) Check the approp

Regulation FD Disclosure, Financial Statements and Exhibits

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 8-K CURRENT REPORT Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934 Date of Report (Date of earliest event reported): November 12, 2024 MORNINGSTAR, INC. (Exact name of registrant as specified in its charter) Illinois (State or other jurisdiction of incorporation) 000-51280 (Commission File Number) 3

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-Q ☑ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 FOR THE QUARTERLY PERIOD ENDED September 30, 2024 ☐ TRANSITION REPORT PURSUANT

Table of Contents UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-Q ☑ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 FOR THE QUARTERLY PERIOD ENDED September 30, 2024 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from to Commission File Number: 000-5128

Organic (1)

News Release 22 West Washington Street Telephone: +1 312 696-6000 Chicago Facsimile: +1 312 696-6009 Illinois 60602 FOR IMMEDIATE RELEASE Morningstar, Inc.

© Oct. 23, 2024. Morningstar. All Rights Reserved. Letter from CEO Kunal Kapoor Third-Quarter Earnings 2024 Dear Morningstar shareholders, In the third quarter of 2024, revenue increased 10.5%, or 10.1% on an organic basis. Operating margins and cash

© Oct. 23, 2024. Morningstar. All Rights Reserved. Letter from CEO Kunal Kapoor Third-Quarter Earnings 2024 Dear Morningstar shareholders, In the third quarter of 2024, revenue increased 10.5%, or 10.1% on an organic basis. Operating margins and cash flow grew significantly compared to the prior-year period. Before I dive into an update, we announced today that Jason Dubinsky, our chief financial

1 of 2 Investor Relations Contact: Sarah Bush, [email protected] Media Relations Contact: Stephanie Lerdall, [email protected] FOR IMMEDIATE RELEASE Morningstar Chief Financial Officer Jason Dubinsky to Depart CHICAGO, Oct. 23, 2024—Mo

1 of 2 Investor Relations Contact: Sarah Bush, [email protected] Media Relations Contact: Stephanie Lerdall, [email protected] FOR IMMEDIATE RELEASE Morningstar Chief Financial Officer Jason Dubinsky to Depart CHICAGO, Oct. 23, 2024—Morningstar, Inc. (Nasdaq: MORN), a leading provider of independent investment insights, today announced Jason Dubinsky, chief financial officer, will s

Third-Quarter 2024 Supplemental Presentation October 23, 2024 This presentation contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. These statements are based on our current expectations abo

Third-Quarter 2024 Supplemental Presentation October 23, 2024 This presentation contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995.

Regulation FD Disclosure, Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers, Financial Statements and Exhibits, Results of Operations and Financial Condition

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 8-K CURRENT REPORT Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934 Date of Report (Date of earliest event reported): October 23, 2024 MORNINGSTAR, INC. (Exact name of registrant as specified in its charter) Illinois (State or other jurisdiction of incorporation) 000-51280 (Commission File Number) 36

Regulation FD Disclosure, Financial Statements and Exhibits

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 8-K CURRENT REPORT Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934 Date of Report (Date of earliest event reported): October 1, 2024 MORNINGSTAR, INC. (Exact name of registrant as specified in its charter) Illinois (State or other jurisdiction of incorporation) 000-51280 (Commission File Number) 36-

Investor Questions and Answers: October 1, 2024 We encourage current shareholders, potential shareholders, and other interested parties to send questions to us in writing and we make written responses available on a periodic basis. The following answ

Investor Questions and Answers: October 1, 2024 We encourage current shareholders, potential shareholders, and other interested parties to send questions to us in writing and we make written responses available on a periodic basis.

1 of 2 Media Contact: Landon Hudson, +1 312 696-6037 or [email protected] FOR IMMEDIATE RELEASE Morningstar, Inc. Declares Quarterly Dividend of 40.5 Cents Per Share CHICAGO, Sept. 18, 2024— The board of directors of Morningstar, Inc. (Nasdaq:

1 of 2 Media Contact: Landon Hudson, +1 312 696-6037 or [email protected] FOR IMMEDIATE RELEASE Morningstar, Inc. Declares Quarterly Dividend of 40.5 Cents Per Share CHICAGO, Sept. 18, 2024— The board of directors of Morningstar, Inc. (Nasdaq: MORN), a leading provider of independent investment insights, today declared a quarterly dividend of 40.5 cents per share, consistent with the divide

Financial Statements and Exhibits, Other Events

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 8-K CURRENT REPORT Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934 Date of Report (Date of earliest event reported): September 18, 2024 MORNINGSTAR, INC. (Exact name of registrant as specified in its charter) Illinois (State or other jurisdiction of incorporation) 000-51280 (Commission File Number)

Investor Questions and Answers: August 26, 2024 On June 20th we announced that we had entered a strategic alliance with AssetMark. At the time, we shared an Investor FAQ to address potential questions about the transaction. We received additional que

Investor Questions and Answers: August 26, 2024 On June 20th we announced that we had entered a strategic alliance with AssetMark.

Regulation FD Disclosure, Financial Statements and Exhibits

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 8-K CURRENT REPORT Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934 Date of Report (Date of earliest event reported): August 26, 2024 MORNINGSTAR, INC. (Exact name of registrant as specified in its charter) Illinois (State or other jurisdiction of incorporation) 000-51280 (Commission File Number) 36-

MORNINGSTAR, INC. ELT POLICY ON RECOUPMENT OF COMPENSATION

MORNINGSTAR, INC. ELT POLICY ON RECOUPMENT OF COMPENSATION Introduction The Compensation Committee (the “Compensation Committee”) of the Board of Directors (the “Board”) of Morningstar, Inc. (the “Company”) has adopted this ELT Policy on Recoupment of Compensation (this “Policy”), which provides for the recoupment of compensation in certain circumstances. This Policy is intended to operate togethe

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-Q ☑ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 FOR THE QUARTERLY PERIOD ENDED June 30, 2024 ☐ TRANSITION REPORT PURSUANT TO S

Table of Contents UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-Q ☑ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 FOR THE QUARTERLY PERIOD ENDED June 30, 2024 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from to Commission File Number: 000-51280 MOR

Execution Version THIRD AMENDMENT TO CREDIT AGREEMENT This Third Amendment to Credit Agreement (this “Amendment”) is entered into as of June 27, 2024 by and among MORNINGSTAR, INC., an Illinois corporation (the “Company”), certain Subsidiaries of the

Execution Version THIRD AMENDMENT TO CREDIT AGREEMENT This Third Amendment to Credit Agreement (this “Amendment”) is entered into as of June 27, 2024 by and among MORNINGSTAR, INC.

MORNINGSTAR, INC. AMENDED AND RESTATED 2011 STOCK INCENTIVE PLAN STRETCH PERFORMANCE STOCK UNIT AWARD AGREEMENT

MORNINGSTAR, INC. AMENDED AND RESTATED 2011 STOCK INCENTIVE PLAN STRETCH PERFORMANCE STOCK UNIT AWARD AGREEMENT THIS STRETCH PERFORMANCE STOCK UNIT AWARD AGREEMENT, which includes the Online Grant Acceptance form (the “Grant Notice”) provided to the Participant named therein and any special terms and conditions for the Participant’s country set forth in the Addendum attached hereto (together, the

MORNINGSTAR, INC. AMENDED AND RESTATED 2011 STOCK INCENTIVE PLAN RESTRICTED STOCK UNIT AWARD AGREEMENT

MORNINGSTAR, INC. AMENDED AND RESTATED 2011 STOCK INCENTIVE PLAN RESTRICTED STOCK UNIT AWARD AGREEMENT THIS RESTRICTED STOCK UNIT AWARD AGREEMENT, which includes the Online Grant Acceptance form (the “Grant Notice”) provided to the Participant named therein and any special terms and conditions for the Participant’s country set forth in the Addendum attached hereto (together, the “Award Agreement”)

MORNINGSTAR, INC. AMENDED AND RESTATED 2011 STOCK INCENTIVE PLAN MARKET STOCK UNIT AWARD AGREEMENT

MORNINGSTAR, INC. AMENDED AND RESTATED 2011 STOCK INCENTIVE PLAN MARKET STOCK UNIT AWARD AGREEMENT THIS MARKET STOCK UNIT AWARD AGREEMENT, which includes the Online Grant Acceptance form (the “Grant Notice”) provided to the Participant named therein and any special terms and conditions for the Participant’s country set forth in the Addendum attached hereto (together, the “Award Agreement”), is mad

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 8-K CURRENT REPORT Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934 Date of Report (Date of earliest event reported): July 24, 2024 MORNINGSTAR, INC. (

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 8-K CURRENT REPORT Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934 Date of Report (Date of earliest event reported): July 24, 2024 MORNINGSTAR, INC. (Exact name of registrant as specified in its charter) Illinois (State or other jurisdiction of incorporation) 000-51280 (Commission File Number) 36-32

Organic (1)

News Release 22 West Washington Street Telephone: +1 312 696-6000 Chicago Facsimile: +1 312 696-6009 Illinois 60602 FOR IMMEDIATE RELEASE Morningstar, Inc.

© 2024 Morningstar. All Rights Reserved. Morningstar Wealth and AssetMark Strategic Alliance Frequently Asked Questions Updated July 24, 2024 What is happening? AssetMark and Morningstar have entered into an agreement in which AssetMark will acquire

© 2024 Morningstar. All Rights Reserved. Morningstar Wealth and AssetMark Strategic Alliance Frequently Asked Questions Updated July 24, 2024 What is happening? AssetMark and Morningstar have entered into an agreement in which AssetMark will acquire approximately $12 billion in assets administered on the Morningstar Wealth Turnkey Asset Management Platform (TAMP). Financial advisors and clients on

© July 24, 2024. Morningstar. All Rights Reserved. Letter from CEO Kunal Kapoor Second-Quarter Earnings 2024 Dear Morningstar shareholders, In the second quarter of 2024, revenue increased 13.3%, or 13.6% on an organic basis. Operating margins and ca

© July 24, 2024. Morningstar. All Rights Reserved. Letter from CEO Kunal Kapoor Second-Quarter Earnings 2024 Dear Morningstar shareholders, In the second quarter of 2024, revenue increased 13.3%, or 13.6% on an organic basis. Operating margins and cash flow grew significantly compared to the prior-year period. A Rebound in Credit Issuance We saw growth across our business segments in the quarter,

Second-Quarter 2024 Supplemental Presentation July 24, 2024 This presentation contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. These statements are based on our current expectations about

Second-Quarter 2024 Supplemental Presentation July 24, 2024 This presentation contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995.

Investor Questions and Answers: July 18, 2024 We encourage current shareholders, potential shareholders, and other interested parties to send questions to us in writing and we make written responses available on a periodic basis. The following answer

EX-99.1 2 investorquestions71824v2.htm EX-99.1 Investor Questions and Answers: July 18, 2024 We encourage current shareholders, potential shareholders, and other interested parties to send questions to us in writing and we make written responses available on a periodic basis. The following answers respond to selected questions received through June 3, 2024. We retain the discretion to combine answ

Regulation FD Disclosure, Financial Statements and Exhibits

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 8-K CURRENT REPORT Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934 Date of Report (Date of earliest event reported): July 18, 2024 MORNINGSTAR, INC. (Exact name of registrant as specified in its charter) Illinois (State or other jurisdiction of incorporation) 000-51280 (Commission File Number) 36-32

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 8-K CURRENT REPORT Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934 Date of Report (Date of earliest event reported): June 20, 2024 MORNINGSTAR, INC. (

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 8-K CURRENT REPORT Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934 Date of Report (Date of earliest event reported): June 20, 2024 MORNINGSTAR, INC. (Exact name of registrant as specified in its charter) Illinois 000-51280 36-3297908 (State or other jurisdiction of incorporation) (Commission File Nu

Morningstar Wealth and AssetMark Strategic Alliance

Exhibit 99.2 Morningstar Wealth and AssetMark Strategic Alliance Investor Q&A June 20, 2024 What is happening? AssetMark and Morningstar have entered into an agreement in which AssetMark will acquire approximately $12 billion in assets from the Morningstar Wealth Turnkey Asset Management Platform (TAMP). Financial advisors and clients on Morningstar Wealth’s TAMP will be able to have their account

AssetMark to Enter Strategic Alliance with Morningstar Wealth, Acquire Assets from TAMP Business

Exhibit 99.1 AssetMark to Enter Strategic Alliance with Morningstar Wealth, Acquire Assets from TAMP Business Concord, CA – June 20, 2024 – Wealth management platform AssetMark, Inc., a wholly owned subsidiary of AssetMark Financial Holdings, Inc. and a Registered Investment Adviser (collectively “AssetMark”), today announced a strategic alliance with Morningstar Wealth, a division of independent

Financial Statements and Exhibits, Other Events

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 8-K CURRENT REPORT Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934 Date of Report (Date of earliest event reported): June 18, 2024 MORNINGSTAR, INC. (Exact name of registrant as specified in its charter) Illinois (State or other jurisdiction of incorporation) 000-51280 (Commission File Number) 36-32

1 of 2 Media Contact: Landon Hudson, +1 312 696-6037 or [email protected] FOR IMMEDIATE RELEASE Morningstar, Inc. Declares Quarterly Dividend of 40.5 Cents Per Share CHICAGO, June 18, 2024— The board of directors of Morningstar, Inc. (Nasdaq:

1 of 2 Media Contact: Landon Hudson, +1 312 696-6037 or [email protected] FOR IMMEDIATE RELEASE Morningstar, Inc. Declares Quarterly Dividend of 40.5 Cents Per Share CHICAGO, June 18, 2024— The board of directors of Morningstar, Inc. (Nasdaq: MORN), a leading provider of independent investment insights, today declared a quarterly dividend of 40.5 cents per share, consistent with the dividen

Regulation FD Disclosure, Financial Statements and Exhibits

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 8-K CURRENT REPORT Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934 Date of Report (Date of earliest event reported): June 14, 2024 MORNINGSTAR, INC. (Exact name of registrant as specified in its charter) Illinois (State or other jurisdiction of incorporation) 000-51280 (Commission File Number) 36-32

Investor Questions and Answers: June 14, 2024 We encourage current shareholders, potential shareholders, and other interested parties to send questions to us in writing and we make written responses available on a periodic basis. The following answer

Investor Questions and Answers: June 14, 2024 We encourage current shareholders, potential shareholders, and other interested parties to send questions to us in writing and we make written responses available on a periodic basis.

Submission of Matters to a Vote of Security Holders

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 8-K CURRENT REPORT Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934 Date of Report (Date of earliest event reported): May 10, 2024 MORNINGSTAR, INC. (Exact name of registrant as specified in its charter) Illinois (State or other jurisdiction of incorporation) 000-51280 (Commission File Number) 36-329

Regulation FD Disclosure

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 8-K CURRENT REPORT Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934 Date of Report (Date of earliest event reported): May 9, 2024 MORNINGSTAR, INC. (Exact name of registrant as specified in its charter) Illinois (State or other jurisdiction of incorporation) 000-51280 (Commission File Number) 36-3297

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-Q ☑ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 FOR THE QUARTERLY PERIOD ENDED March 31, 2024 ☐ TRANSITION REPORT PURSUANT TO

Table of Contents UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-Q ☑ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 FOR THE QUARTERLY PERIOD ENDED March 31, 2024 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from to Commission File Number: 000-51280 MO

Regulation FD Disclosure, Financial Statements and Exhibits, Results of Operations and Financial Condition

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 8-K CURRENT REPORT Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934 Date of Report (Date of earliest event reported): April 24, 2024 MORNINGSTAR, INC. (Exact name of registrant as specified in its charter) Illinois (State or other jurisdiction of incorporation) 000-51280 (Commission File Number) 36-3

22 West Washington Street Telephone: +1 312 696-6000

News Release 22 West Washington Street Telephone: +1 312 696-6000 Chicago Facsimile: +1 312 696-6009 Illinois 60602 FOR IMMEDIATE RELEASE Morningstar, Inc.

© April 24, 2024. Morningstar. All Rights Reserved. Letter from CEO Kunal Kapoor First-Quarter Earnings 2024 Dear Morningstar shareholders, We began 2024 with broad-based growth, increasing revenue 13.2% or 12.9% on an organic basis. Margins and cash

© April 24, 2024. Morningstar. All Rights Reserved. Letter from CEO Kunal Kapoor First-Quarter Earnings 2024 Dear Morningstar shareholders, We began 2024 with broad-based growth, increasing revenue 13.2% or 12.9% on an organic basis. Margins and cash flow also grew significantly compared to the prior-year period. In this quarter’s letter, I’ll provide an update on our business, followed by a focus

First-Quarter 2024 Supplemental Presentation April 24, 2024 This presentation contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. These statements are based on our current expectations about

First-Quarter 2024 Supplemental Presentation April 24, 2024 This presentation contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995.

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 SCHEDULE 14A Proxy Statement Pursuant to Section 14(a) of the Securities Exchange Act of 1934 (Amendment No.)

Table of Contents UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 SCHEDULE 14A Proxy Statement Pursuant to Section 14(a) of the Securities Exchange Act of 1934 (Amendment No.) Filed by the Registrant ☒        Filed by a Party other than the Registrant ☐ Check the appropriate box: ☐ Preliminary Proxy Statement ☐ Confidential, for Use of the Commission Only (as permitted by R

2023 Annual Report 2023 Annual Report Morningstar, Inc. Canada United States Mexico Brazil Chile Australia China India Japan Singapore South Korea Thailand United Arab Emirates Letter to Shareholders 2 2023 Recap 4 Financial Highlights 7 Company Goal

2023 Annual Report 2023 Annual Report Morningstar, Inc. Canada United States Mexico Brazil Chile Australia China India Japan Singapore South Korea Thailand United Arab Emirates Letter to Shareholders 2 2023 Recap 4 Financial Highlights 7 Company Goals Delivering insights across asset classes to public 12 and private market investors Establishing leading ESG positions across each business 15 Drivin

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 SCHEDULE 14A Proxy Statement Pursuant to Section 14(a) of the Securities Exchange Act of 1934 (Amendment No.)

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 SCHEDULE 14A Proxy Statement Pursuant to Section 14(a) of the Securities Exchange Act of 1934 (Amendment No.) Filed by the Registrant ☒        Filed by a Party other than the Registrant ☐ Check the appropriate box: ☐ Preliminary Proxy Statement ☐ Confidential, for Use of the Commission Only (as permitted by Rule 14a-6(e)(2)) ☐

Regulation FD Disclosure

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 8-K CURRENT REPORT Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934 Date of Report (Date of earliest event reported): March 22, 2024 MORNINGSTAR, INC. (Exact name of registrant as specified in its charter) Illinois (State or other jurisdiction of incorporation) 000-51280 (Commission File Number) 36-3

1 of 2 2 of 2

1 of 2 2 of 2

Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers, Financial Statements and Exhibits, Other Events

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 8-K CURRENT REPORT Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934 Date of Report (Date of earliest event reported): March 15, 2024 MORNINGSTAR, INC. (Exact name of registrant as specified in its charter) Illinois (State or other jurisdiction of incorporation) 000-51280 (Commission File Number) 36-3

The information below is presented as of December 31, 2023. Listed below are all the subsidiaries of Morningstar, Inc., except certain subsidiaries which are not included in the listing because, considered in the aggregate, they do not constitute a s

EXHIBIT 21.1 The information below is presented as of December 31, 2023. Listed below are all the subsidiaries of Morningstar, Inc., except certain subsidiaries which are not included in the listing because, considered in the aggregate, they do not constitute a significant subsidiary as of the date compiled. Subsidiaries of Morningstar, Inc. Subsidiary Jurisdiction of Formation Ownership Informati

Fourth Quarter 2023 Supplemental Presentation Update February 29, 2024 This presentation dated February 29, 2024 includes an update (the “Update”) to the Morningstar Fourth Quarter 2023 Supplemental Presentation dated February 22, 2024 (the “Original

Fourth Quarter 2023 Supplemental Presentation Update February 29, 2024 This presentation dated February 29, 2024 includes an update (the “Update”) to the Morningstar Fourth Quarter 2023 Supplemental Presentation dated February 22, 2024 (the “Original Supplemental Materials”) to provide detail on the reporting segments reflected in Morningstar’s Annual Report on Form 10-K for the year ended December 31, 2023.

MORNINGSTAR, INC. DODD-FRANK POLICY ON RECOUPMENT OF INCENTIVE COMPENSATION

Exhibit 97 MORNINGSTAR, INC. DODD-FRANK POLICY ON RECOUPMENT OF INCENTIVE COMPENSATION Introduction The Board of Directors (the “Board”) of Morningstar, Inc. (the “Company”) has adopted this Dodd-Frank Policy on Recoupment of Incentive Compensation (this “Policy”), which provides for the recoupment of compensation in certain circumstances in the event of a restatement of financial results by the C

The following tables present information about the company’s reportable segments for the three and nine months ended September 30, 2023 and 2022, along with the items necessary to reconcile the segment information to the totals reported in the accomp

The following tables present information about the company’s reportable segments for the three and nine months ended September 30, 2023 and 2022, along with the items necessary to reconcile the segment information to the totals reported in the accompanying consolidated financial statements.

Regulation FD Disclosure, Financial Statements and Exhibits, Results of Operations and Financial Condition, Other Events

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 8-K CURRENT REPORT Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934 Date of Report (Date of earliest event reported): February 29, 2024 MORNINGSTAR, INC. (Exact name of registrant as specified in its charter) Illinois (State or other jurisdiction of incorporation) 000-51280 (Commission File Number) 3

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington D.C. 20549 FORM 10-K ☒ ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the fiscal year ended December 31, 2023 ☐ TRANSITION REPORT PURSUANT TO SECTIO

Table of Contents UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington D.C. 20549 FORM 10-K ☒ ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the fiscal year ended December 31, 2023 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from to Commission File Number: 000-51280 MORNINGS

22 West Washington Street Telephone: +1 312 696-6000

News Release 22 West Washington Street Telephone: +1 312 696-6000 Chicago Facsimile: +1 312 696-6009 Illinois 60602 FOR IMMEDIATE RELEASE Morningstar, Inc.

Fourth Quarter 2023 Supplemental Presentation February 22, 2024 This presentation contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. These statements are based on our current expectations a

Fourth Quarter 2023 Supplemental Presentation February 22, 2024 This presentation contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995.

Regulation FD Disclosure, Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers, Financial Statements and Exhibits, Results of Operations and Financial Condition

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 8-K CURRENT REPORT Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934 Date of Report (Date of earliest event reported): February 23, 2024 MORNINGSTAR, INC. (Exact name of registrant as specified in its charter) Illinois (State or other jurisdiction of incorporation) 000-51280 (Commission File Number) 3

© February 22, 2024. Morningstar. All Rights Reserved. Letter from CEO Kunal Kapoor Fourth-Quarter Earnings 2023 Dear Morningstar shareholders, I am pleased to share our 2023 fourth-quarter results. Revenue increased 13.4% (up 12.6% organically) with

© February 22, 2024. Morningstar. All Rights Reserved. Letter from CEO Kunal Kapoor Fourth-Quarter Earnings 2023 Dear Morningstar shareholders, I am pleased to share our 2023 fourth-quarter results. Revenue increased 13.4% (up 12.6% organically) with broad-based growth. Margins also grew meaningfully compared to the prior-year period as did operating and free cash flows, which were up 33.1% and 59

FOIA Confidential Treatment Request by Morningstar, Inc. Pursuant to Rule 83 (17 C.F.R. 200.83). This letter requests confidential treatment of the bracketed portions of this letter (designated by “[***]").

FOIA Confidential Treatment Request by Morningstar, Inc. Pursuant to Rule 83 (17 C.F.R. 200.83). This letter requests confidential treatment of the bracketed portions of this letter (designated by “[***]"). February 21, 2024 Via EDGAR Cara Lubitz Marc Thomas Office of Finance Division of Corporation Finance U.S. Securities & Exchange Commission 100 F Street, NE Washington, D.C. 20549 Re: Morningst

MORN / Morningstar, Inc. / Select Equity Group, L.P. - SCHEDULE 13G (AMENDMENT NO. 4) Passive Investment

SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 SCHEDULE 13G Under the Securities Exchange Act of 1934 (Amendment No. 4)* Morningstar, Inc. (Name of Issuer) Common Stock, no par value (Title of Class of Securities) 617700109 (CUSIP Number) December 31, 2023 (Date of Event Which Requires Filing of This Statement) Check the appropriate box to designate the rule pursuant to which this Sched

EXHIBIT 99.1

EX-99.1 2 s013024b.htm EXHIBIT 99.1 EXHIBIT 99.1 The identity and the Item 3 classification of the relevant subsidiary are: Select Equity Group, L.P., which is an Investment Adviser in accordance with Rule 13d-1(b)(1)(ii)(E).

MORN / Morningstar, Inc. / BANK OF AMERICA CORP /DE/ Passive Investment

SC 13G/A 1 doc1.htm UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 SCHEDULE 13G/A Under the Securities Exchange Act of 1934 (Amendment No. 01)* Morningstar, Inc. (Name of Issuer) Common Stock (Title of Class of Securities) 617700109 (CUSIP Number) December 31, 2023 (Date of Event Which Requires Filing of this Statement) Check the appropriate box to designate the rule pursu

MORN / Morningstar, Inc. / VANGUARD GROUP INC - SCHEDULE 13G/A Passive Investment

SC 13G/A 1 tv01486-morningstarinc.htm SCHEDULE 13G/A SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 Schedule 13G Under the Securities Exchange Act of 1934 (Amendment No.: 2)* Name of issuer: Morningstar Inc Title of Class of Securities: Common Stock CUSIP Number: 617700109 Date of Event Which Requires Filing of this Statement: December 29, 2023 Check the appropriate box to designate the

BANK OF AMERICA CORPORATION LIMITED POWER OF ATTORNEY

EX-99 2 bacpoa.htm BANK OF AMERICA CORPORATION LIMITED POWER OF ATTORNEY BANK OF AMERICA CORPORATION, a Delaware corporation (the "Corporation"), does hereby make, constitute, and appoint each of Szabina Biro, Hannah Chae, Andres Ortiz Custodio, Kamil Dziedzic, Krishnan Harihanran, Kelvin Kwok, Frank Lui, James Todd, Michelle Wong, and Monica Yako as an attorney-in-fact for the Corporation acting

MORN / Morningstar, Inc. / Mansueto Joseph D - SC 13G/A Passive Investment

SC 13G/A 1 tm245240d1sc13ga.htm SC 13G/A UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 SCHEDULE 13G Under the Securities Exchange Act of 1934 (Amendment No. 18)* Morningstar, Inc. (Name of Issuer) Common Stock, no par value (Title of Class of Securities) 617700 10 9 (CUSIP Number) December 31, 2023 (Date of Event Which Requires Filing of this Statement) Check the appropri

Regulation FD Disclosure

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 8-K CURRENT REPORT Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934 Date of Report (Date of earliest event reported): February 5, 2024 MORNINGSTAR, INC. (Exact name of registrant as specified in its charter) Illinois 000-51280 36-3297908 (State or other jurisdiction of incorporation) (Commission File

Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers, Financial Statements and Exhibits

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 8-K CURRENT REPORT Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934 Date of Report (Date of earliest event reported): December 22, 2023 MORNINGSTAR, INC. (Exact name of registrant as specified in its charter) Illinois 000-51280 36-3297908 (State or other jurisdiction of incorporation) (Commission Fil

Regulation FD Disclosure

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 8-K CURRENT REPORT Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934 Date of Report (Date of earliest event reported): December 19, 2023 MORNINGSTAR, INC. (Exact name of registrant as specified in its charter) Illinois 000-51280 36-3297908 (State or other jurisdiction of incorporation) (Commission Fil

FOIA Confidential Treatment Request by Morningstar, Inc. Pursuant to Rule 83 (17 C.F.R. 200.83). This letter requests confidential treatment of the bracketed portions of this letter (designated by “[***]”).

FOIA Confidential Treatment Request by Morningstar, Inc. Pursuant to Rule 83 (17 C.F.R. 200.83). This letter requests confidential treatment of the bracketed portions of this letter (designated by “[***]”). December 15, 2023 Via EDGAR Cara Lubitz Marc Thomas Office of Finance Division of Corporation Finance U.S. Securities & Exchange Commission 100 F Street, NE Washington, D.C. 20549 Re: Morningst

Financial Statements and Exhibits, Other Events

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 8-K CURRENT REPORT Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934 Date of Report (Date of earliest event reported): December 1, 2023 MORNINGSTAR, INC. (Exact name of registrant as specified in its charter) Illinois 000-51280 36-3297908 (State or other jurisdiction of incorporation) (Commission File

# # #

Exhibit 99.1 Media Contact: Landon Hudson, +1 312 696-6037 or [email protected] FOR IMMEDIATE RELEASE Morningstar, Inc. Declares Quarterly Dividend of 40.5 Cents Per Share CHICAGO, Dec. 1, 2023— The board of directors of Morningstar, Inc. (Nasdaq: MORN), a leading provider of independent investment research, today declared a quarterly dividend of 40.5 cents per share, an increase of 8 perce

November 28, 2023

November 28, 2023 VIA EDGAR Office of Finance Division of Corporate Finance U.S. Securities and Exchange Commission 100 F Street, NE Washington, D.C. 20549 Re: Morningstar, Inc. Form 10-K for the Fiscal Year Ended December 31, 2022 Response dated November 9, 2023 File No. 000-51280 Dear Ms. Lubit and Mr. Thomas, Morningstar, Inc., an Illinois corporation (the “Company”), is in receipt of your lett

This presentation dated November 9, 2023 includes an update (the “Update”) to the Morningstar Third Quarter 2023 Supplemental Presentation dated October 25, 2023 (the “Original Supplemental Materials”) to provide detail on the reporting segments refl

Exhibit 99.1 Third Quarter 2023 Supplemental Presentation Update November 9, 2023 This presentation dated November 9, 2023 includes an update (the “Update”) to the Morningstar Third Quarter 2023 Supplemental Presentation dated October 25, 2023 (the “Original Supplemental Materials”) to provide detail on the reporting segments reflected in Morningstar’s Quarterly Report on Form 10-Q for the quarter

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 8-K CURRENT REPORT Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934 Date of Report (Date of earliest event reported): November 9, 2023 MORNINGSTAR, INC

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 8-K CURRENT REPORT Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934 Date of Report (Date of earliest event reported): November 9, 2023 MORNINGSTAR, INC. (Exact name of registrant as specified in its charter) Illinois 000-51280 36-3297908 (State or other jurisdiction of incorporation) (Commission File

FOIA Confidential Treatment Request by Morningstar, Inc. Pursuant to Rule 83 (17 C.F.R. 200.83). This letter requests confidential treatment of the bracketed portions of this letter (designated by “[***]”).

FOIA Confidential Treatment Request by Morningstar, Inc. Pursuant to Rule 83 (17 C.F.R. 200.83). This letter requests confidential treatment of the bracketed portions of this letter (designated by “[***]”). November 9, 2023 Via EDGAR Cara Lubitz Marc Thomas Office of Finance Division of Corporation Finance U.S. Securities & Exchange Commission 100 F Street, NE Washington, D.C. 20549 FOIA CONFIDENT

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington D.C. 20549 FORM 10-Q ☑ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 FOR THE QUARTERLY PERIOD ENDED September 30, 2023 ☐ TRANSITION REPORT PURSUANT

Table of Contents UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington D.C. 20549 FORM 10-Q ☑ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 FOR THE QUARTERLY PERIOD ENDED September 30, 2023 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from to Commission File Number: 000-51280

November 2, 2023

November 2, 2023 VIA EDGAR Office of Finance Division of Corporate Finance U.S. Securities and Exchange Commission 100 F Street, NE Washington, D.C. 20549 Re: Morningstar, Inc. Form 10-K for the Fiscal Year Ended December 31, 2022 Filed February 24, 2023 File No. 000-51280 Dear Ms. Lubit and Mr. Thomas, Morningstar, Inc., an Illinois corporation (the “Company”), is in receipt of your letter dated

Letter from our CEO Kunal Kapoor Third-Quarter Results 2023 © October 25, 2023. Morningstar. All Rights Reserved. globally representing combined assets under management of over $10.7 trillion, found that more than two-thirds of asset owners believe E

Exhibit 99.3 © October 25, 2023. Morningstar. All Rights Reserved. Letter from CEO Kunal Kapoor Third-Quarter Results 2023 Dear Morningstar shareholders, Our third-quarter results demonstrate durable growth and increasing profitability. Revenue grew 10.1% to $515.5 million in the quarter (up 9.3% organically) and margins grew meaningfully. I am also pleased that operating cash flow increased 28.0%

Third Quarter 2023 Supplemental Presentation October 25, 2023 This presentation contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. These statements are based on our current expectations abo

Exhibit 99.2 Third Quarter 2023 Supplemental Presentation October 25, 2023 This presentation contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. These statements are based on our current expectations about future events or future financial performance. Forward-looking statements by their nature address matters that are, to different degre

Results of Operations and Financial Condition

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 8-K CURRENT REPORT Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934 Date of Report (Date of earliest event reported): October 25, 2023 MORNINGSTAR, INC. (Exact name of registrant as specified in its charter) Illinois 000-51280 36-3297908 (State or other jurisdiction of incorporation) (Commission File

Organic (2)

Exhibit 99.1 News Release 22 West Washington Street Telephone: +1 312 696-6000 Chicago Facsimile: +1 312 696-6009 Illinois 60602 FOR IMMEDIATE RELEASE Morningstar, Inc. Reports Third-Quarter 2023 Financial Results CHICAGO, Oct. 25, 2023 - Morningstar, Inc. (Nasdaq: MORN), a leading provider of independent investment insights, posted solid third-quarter revenue growth, driven primarily by the perfo

Regulation FD Disclosure

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 8-K CURRENT REPORT Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934 Date of Report (Date of earliest event reported): October 23, 2023 MORNINGSTAR, INC. (Exact name of registrant as specified in its charter) Illinois 000-51280 36-3297908 (State or other jurisdiction of incorporation) (Commission File

Regulation FD Disclosure

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 8-K CURRENT REPORT Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934 Date of Report (Date of earliest event reported): October 2, 2023 MORNINGSTAR, INC. (Exact name of registrant as specified in its charter) Illinois 000-51280 36-3297908 (State or other jurisdiction of incorporation) (Commission File

# # #

Exhibit 99.1 Media Contact: Landon Hudson, +1 312 696-6037 or [email protected] FOR IMMEDIATE RELEASE Morningstar, Inc. Declares Quarterly Dividend of 37.5 Cents Per Share CHICAGO, Sept. 15, 2023—The board of directors of Morningstar, Inc. (Nasdaq: MORN), a leading provider of independent investment insights, today declared a quarterly dividend of 37.5 cents per share, consistent with the d

Financial Statements and Exhibits, Other Events

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 8-K CURRENT REPORT Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934 Date of Report (Date of earliest event reported): September 15, 2023 MORNINGSTAR, INC. (Exact name of registrant as specified in its charter) Illinois 000-51280 36-3297908 (State or other jurisdiction of incorporation) (Commission Fi

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 8-K CURRENT REPORT Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934 Date of Report (Date of earliest event reported): September 8, 2023 MORNINGSTAR, IN

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 8-K CURRENT REPORT Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934 Date of Report (Date of earliest event reported): September 8, 2023 MORNINGSTAR, INC. (Exact name of registrant as specified in its charter) Illinois 000-51280 36-3297908 (State or other jurisdiction of incorporation) (Commission Fil

Regulation FD Disclosure

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 8-K CURRENT REPORT Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934 Date of Report (Date of earliest event reported): August 21, 2023 MORNINGSTAR, INC. (Exact name of registrant as specified in its charter) Illinois 000-51280 36-3297908 (State or other jurisdiction of incorporation) (Commission File

Morningstar, Inc. Reports Second-Quarter 2023 Financial Results

Exhibit 99.1 News Release 22 West Washington Street Telephone: +1 312 696-6000 Chicago Facsimile: +1 312 696-6009 Illinois 60602 Correction Notice: On July 27, 2023, Morningstar, Inc. (Nasdaq: MORN) issued this amended press release (originally published on July 26, 2023), which corrects the calculation and related percentage changes of adjusted diluted net income per share for the quarter-ended J

Regulation FD Disclosure, Financial Statements and Exhibits, Results of Operations and Financial Condition, Results of Operations and Financial Condition

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 8-K CURRENT REPORT Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934 Date of Report (Date of earliest event reported): July 26, 2023 MORNINGSTAR, INC. (Exact name of registrant as specified in its charter) Illinois 000-51280 36-3297908 (State or other jurisdiction of incorporation) (Commission File Nu

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington D.C. 20549 FORM 10-Q ☑ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 FOR THE QUARTERLY PERIOD ENDED June 30, 2023 ☐ TRANSITION REPORT PURSUANT TO SE

Table of Contents UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington D.C. 20549 FORM 10-Q ☑ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 FOR THE QUARTERLY PERIOD ENDED June 30, 2023 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from to Commission File Number: 000-51280 MORN

This presentation contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. These statements are based on our current expectations about future events or future financial performance. Forward-look

Exhibit 99.2 Second Quarter 2023 Supplemental Presentation July 26, 2023 This presentation contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. These statements are based on our current expectations about future events or future financial performance. Forward-looking statements by their nature address matters that are, to different degrees

Letter from Kunal Kapoor Second-Quarter Earnings 2023 © July 26, 2023. Morningstar. All Rights Reserved. Against that backdrop, our approach is aligned with a long-term investor trend toward more choice and personalization at a time when we are on th

Exhibit 99.3 © July 26, 2023. Morningstar. All Rights Reserved. Letter from Kunal Kapoor Second-Quarter Earnings 2023 Dear Morningstar shareholders, It was good to see many of you at this year’s shareholder meeting. A number of you shared that you’d like to hear from me more frequently, so, starting this quarter, I’ll pen a letter alongside our earnings release that addresses a few timely themes.

FOIA Confidential Treatment Request by Morningstar, Inc. Pursuant to Rule 83 (17 C.F.R. 200.83)

FOIA Confidential Treatment Request by Morningstar, Inc. Pursuant to Rule 83 (17 C.F.R. 200.83) July 21, 2023 Via EDGAR Cara Lubitz Marc Thomas Office of Finance Division of Corporation Finance U.S. Securities & Exchange Commission 100 F Street, NE Washington, D.C. 20549 Re:          Morningstar, Inc. Form 10-K for the Fiscal Year Ended December 31, 2022 Filed February 24, 2023 File No. 000-51280

Regulation FD Disclosure

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 8-K CURRENT REPORT Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934 Date of Report (Date of earliest event reported): July 6, 2023 MORNINGSTAR, INC. (Exact name of registrant as specified in its charter) Illinois 000-51280 36-3297908 (State or other jurisdiction of incorporation) (Commission File Num

Financial Statements and Exhibits, Other Events

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 8-K CURRENT REPORT Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934 Date of Report (Date of earliest event reported): June 16, 2023 MORNINGSTAR, INC. (Exact name of registrant as specified in its charter) Illinois 000-51280 36-3297908 (State or other jurisdiction of incorporation) (Commission File Nu

# # #

Exhibit 99.1 Media Contact: Landon Hudson, +1 312 696-6037 or [email protected] FOR IMMEDIATE RELEASE Morningstar, Inc. Declares Quarterly Dividend of 37.5 Cents Per Share CHICAGO, June 16, 2023—The board of directors of Morningstar, Inc. (Nasdaq: MORN), a leading provider of independent investment insights, today declared a quarterly dividend of 37.5 cents per share, consistent with the di

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 8-K CURRENT REPORT Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934 Date of Report (Date of earliest event reported): June 12, 2023 MORNINGSTAR, INC. (

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 8-K CURRENT REPORT Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934 Date of Report (Date of earliest event reported): June 12, 2023 MORNINGSTAR, INC. (Exact name of registrant as specified in its charter) Illinois 000-51280 36-3297908 (State or other jurisdiction of incorporation) (Commission File Nu

FOIA Confidential Treatment Request by Morningstar, Inc. Pursuant to Rule 83 (17 C.F.R. 200.83)

FOIA Confidential Treatment Request by Morningstar, Inc. Pursuant to Rule 83 (17 C.F.R. 200.83) May 31, 2023 Via EDGAR Cara Lubitz Marc Thomas Office of Finance Division of Corporation Finance U.S. Securities & Exchange Commission 100 F Street, NE Washington, D.C. 20549 Re: Morningstar, Inc. Form 10-K for the Fiscal Year Ended December 31, 2022 Filed February 24, 2023 File No. 000-51280 Dear Ladie

UNITED STATES SECURITIES AND EXCHANGE Washington, D.C. 20549 FORM 8-K CURRENT REPORT Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934 Date of Report (Date of earliest event reported): May 12, 2023 MORNINGSTAR, INC. (Exact name o

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 8-K CURRENT REPORT Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934 Date of Report (Date of earliest event reported): May 12, 2023 MORNINGSTAR, INC. (Exact name of registrant as specified in its charter) Illinois 000-51280 36-3297908 (State or other jurisdiction of incorporation) (Commission File Num

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 8-K CURRENT REPORT Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934 Date of Report (Date of earliest event reported): May 11, 2023 MORNINGSTAR, INC. (E

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 8-K CURRENT REPORT Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934 Date of Report (Date of earliest event reported): May 11, 2023 MORNINGSTAR, INC. (Exact name of registrant as specified in its charter) Illinois 000-51280 36-3297908 (State or other jurisdiction of incorporation) (Commission File Num

* * *

April 28, 2023 VIA EDGAR U.S. Securities and Exchange Commission Division of Corporation Finance Office of Finance 100 F Street, NE Washington, D.C. 20549 Attn: Marc Thomas Cara Lubit Re: Morningstar, Inc. Form 10-K for the Fiscal Year ended December 31, 2022 Filed February 24, 2023 File No. 000-51280 Dear Mr. Thomas and Ms. Lubit: On behalf of Morningstar, Inc. (the “Company”), we acknowledge the

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington D.C. 20549 FORM 10-Q ☑ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 FOR THE QUARTERLY PERIOD ENDED March 31, 2023 ☐ TRANSITION REPORT PURSUANT TO S

Table of Contents UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington D.C. 20549 FORM 10-Q ☑ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 FOR THE QUARTERLY PERIOD ENDED March 31, 2023 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from to Commission File Number: 000-51280 MOR

MORNINGSTAR, INC. AMENDED AND RESTATED 2011 STOCK INCENTIVE PLAN RESTRICTED STOCK UNIT AWARD AGREEMENT

EXHIBIT 10.1 MORNINGSTAR, INC. AMENDED AND RESTATED 2011 STOCK INCENTIVE PLAN RESTRICTED STOCK UNIT AWARD AGREEMENT THIS RESTRICTED STOCK UNIT AWARD AGREEMENT, which includes the Online Grant Acceptance form (the “Grant Notice”) provided to the Participant named therein and any special terms and conditions for the Participant’s country set forth in the Addendum attached hereto (together, the “Awar

Regulation FD Disclosure, Results of Operations and Financial Condition, Financial Statements and Exhibits

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 8-K CURRENT REPORT Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934 Date of Report (Date of earliest event reported): April 26, 2023 MORNINGSTAR, INC. (Exact name of registrant as specified in its charter) Illinois 000-51280 36-3297908 (State or other jurisdiction of incorporation) (Commission File N

Morningstar, Inc. Reports First-Quarter 2023 Financial Results

Exhibit 99.1 FOR IMMEDIATE RELEASE Morningstar, Inc. Reports First-Quarter 2023 Financial Results CHICAGO, April 26, 2023 - Morningstar, Inc. (Nasdaq: MORN), a leading provider of independent investment insights, posted positive first-quarter revenue growth, driven by the performance of the license-based areas of the business. "Despite continued strength in our license-based product areas, soft cr

Supplemental Presentation dated April 26, 2023.

EX-99.2 3 tm2313913d1ex99-2.htm EXHIBIT 99.2 Exhibit 99.2

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 8-K CURRENT REPORT Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934 Date of Report (Date of earliest event reported): April 14, 2023 MORNINGSTAR, INC.

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 8-K CURRENT REPORT Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934 Date of Report (Date of earliest event reported): April 14, 2023 MORNINGSTAR, INC. (Exact name of registrant as specified in its charter) Illinois 000-51280 36-3297908 (State or other jurisdiction of incorporation) (Commission File N

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 8-K CURRENT REPORT Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934 Date of Report (Date of earliest event reported): April 5, 2023 MORNINGSTAR, INC. (

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 8-K CURRENT REPORT Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934 Date of Report (Date of earliest event reported): April 5, 2023 MORNINGSTAR, INC. (Exact name of registrant as specified in its charter) Illinois 000-51280 36-3297908 (State or other jurisdiction of incorporation) (Commission File Nu

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 SCHEDULE 14A Proxy Statement Pursuant to Section 14(a) of the Securities Exchange Act of 1934 (Amendment No.)

Table of Contents UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 SCHEDULE 14A Proxy Statement Pursuant to Section 14(a) of the Securities Exchange Act of 1934 (Amendment No.) Filed by the Registrant ☒ Filed by a Party other than the Registrant ☐ Check the appropriate box: ☐ Preliminary Proxy Statement ☐ Confidential, for Use of the Commission Only (as per mit ted by Rule 1

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 SCHEDULE 14A Proxy Statement Pursuant to Section 14(a) of the Securities Exchange Act of 1934 (Amendment No.)

DEFA14A Table of Contents UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 8-K CURRENT REPORT Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934 Date of Report (Date of earliest event reported): March 29, 2023 MORNINGSTAR, INC.

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 8-K CURRENT REPORT Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934 Date of Report (Date of earliest event reported): March 29, 2023 MORNINGSTAR, INC. (Exact name of registrant as specified in its charter) Illinois 000-51280 36-3297908 (State or other jurisdiction of incorporation) (Commission File N

Regulation FD Disclosure

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 8-K CURRENT REPORT Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934 Date of Report (Date of earliest event reported): March 23, 2023 MORNINGSTAR, INC. (Exact name of registrant as specified in its charter) Illinois 000-51280 36-3297908 (State or other jurisdiction of incorporation) (Commission File N

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 8-K CURRENT REPORT Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934 Date of Report (Date of earliest event reported): March 17, 2023 MORNINGSTAR, INC.

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 8-K CURRENT REPORT Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934 Date of Report (Date of earliest event reported): March 17, 2023 MORNINGSTAR, INC. (Exact name of registrant as specified in its charter) Illinois 000-51280 36-3297908 (State or other jurisdiction (Commission File Number) (I.R.S. Emp

# # #

Exhibit 99.1 Media Contact: Landon Hudson, +1 312 696-6037 or [email protected] FOR IMMEDIATE RELEASE Morningstar, Inc. Declares Quarterly Dividend of 37.5 Cents Per Share CHICAGO, March 17, 2023—The board of directors of Morningstar, Inc. (Nasdaq: MORN), a leading provider of independent investment insights, today declared a quarterly dividend of 37.5 cents per share, consistent with the d

Morningstar, Inc. Reports Fourth-Quarter, Full-Year 2022 Financial Results

Exhibit 99.1 News Release 22 West Washington Street Telephone: +1 312 696-6000 Chicago Facsimile: +1 312 696-6009 Illinois 60602 FOR IMMEDIATE RELEASE Morningstar, Inc. Reports Fourth-Quarter, Full-Year 2022 Financial Results CHICAGO, Feb. 23, 2023 - Morningstar, Inc. (Nasdaq: MORN), a leading provider of independent investment insights, posted positive fourth-quarter revenue growth as continued m

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 8-K CURRENT REPORT Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934 Date of Report (Date of earliest event reported): February 24, 2023 MORNINGSTAR, IN

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 8-K CURRENT REPORT Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934 Date of Report (Date of earliest event reported): February 24, 2023 MORNINGSTAR, INC. (Exact name of registrant as specified in its charter) Illinois 000-51280 36-3297908 (State or other jurisdiction (Commission File Number) (I.R.S.

This presentation contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. These statements are based on our current expectations about future events or future financial performance. Forward-look

Exhibit 99.2 Fourth Quarter 2022 Supplemental Presentation Feb. 23, 2023 This presentation contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. These statements are based on our current expectations about future events or future financial performance. Forward-looking statements by their nature address matters that are, to different degrees

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington D.C. 20549 FORM 10-K ☒ ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the fiscal year ended December 31, 2022 ☐ TRANSITION REPORT PURSUANT TO SECTIO

Table of Contents UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington D.C. 20549 FORM 10-K ☒ ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the fiscal year ended December 31, 2022 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from to Commission File Number: 000-51280 MORNINGS

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 8-K CURRENT REPORT Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934 Date of Report (Date of earliest event reported): February 23, 2023 MORNINGSTAR, IN

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 8-K CURRENT REPORT Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934 Date of Report (Date of earliest event reported): February 23, 2023 MORNINGSTAR, INC. (Exact name of registrant as specified in its charter) Illinois 000-51280 36-3297908 (State or other jurisdiction of incorporation) (Commission Fil

The information below is presented as of December 31, 2022. Listed below are all the subsidiaries of Morningstar, Inc., except certain subsidiaries which are not included in the listing because, considered in the aggregate, they do not constitute a s

EXHIBIT 21.1 The information below is presented as of December 31, 2022. Listed below are all the subsidiaries of Morningstar, Inc., except certain subsidiaries which are not included in the listing because, considered in the aggregate, they do not constitute a significant subsidiary as of the date compiled. Subsidiaries of Morningstar, Inc. Subsidiary Jurisdiction of Formation Ownership Informati

BANK OF AMERICA CORPORATION LIMITED POWER OF ATTORNEY BANK OF AMERICA CORPORATION

EX-99 2 boa-poa2.htm BANK OF AMERICA CORPORATION LIMITED POWER OF ATTORNEY BANK OF AMERICA CORPORATION, a Delaware corporation (the "Corporation"), does hereby make, constitute, and appoint each of Kelvin Kwok, Tolu Tade, Andres Ortiz Custodio, Frank Lui, James Todd, Zainab Tarteel, Hannah Chae and Monica Yako as an attorney-in-fact for the Corporation acting for the Corporation and in the Corpora

MORN / Morningstar, Inc. / BANK OF AMERICA CORP /DE/ Passive Investment

SC 13G 1 doc1.htm UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 SCHEDULE 13G Under the Securities Exchange Act of 1934 (Amendment No. N/A)* MORNINGSTAR, INC. (Name of Issuer) Common Stock (Title of Class of Securities) 617700109 (CUSIP Number) December 31, 2022 (Date of Event Which Requires Filing of this Statement) Check the appropriate box to designate the rule pursuant

EXHIBIT 99.1

EX-99.1 2 s60900429b.htm THE IDENTITY AND THE ITEM 3 CLASSIFICATION OF THE RELEVANT SUBSIDIARY EXHIBIT 99.1 The identity and the Item 3 classification of the relevant subsidiary are: Select Equity Group, L.P., which is an Investment Adviser in accordance with Rule 13d-1(b)(1)(ii)(E).

MORN / Morningstar, Inc. / Select Equity Group, L.P. - SCHEDULE 13G/A, AMENDMENT #3 Passive Investment

SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 SCHEDULE 13G Under the Securities Exchange Act of 1934 (Amendment No. 3)* Morningstar, Inc. (Name of Issuer) Common Stock, no par value (Title of Class of Securities) 617700109 (CUSIP Number) December 31, 2022 (Date of Event Which Requires Filing of This Statement) Check the appropriate box to designate the rule pursuant to which this Sched

MORN / Morningstar, Inc. / Mansueto Joseph D - SC 13G/A Passive Investment

SC 13G/A 1 tm236607d1sc13ga.htm SC 13G/A UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 SCHEDULE 13G Under the Securities Exchange Act of 1934 (Amendment No. 17)* Morningstar, Inc. (Name of Issuer) Common Stock, no par value (Title of Class of Securities) 617700 10 9 (CUSIP Number) December 31, 2022 (Date of Event Which Requires Filing of this Statement) Check the appropri

MORN / Morningstar, Inc. / VANGUARD GROUP INC - SCHEDULE 13G/A Passive Investment

SC 13G/A 1 tv01452-morningstarinc.htm SCHEDULE 13G/A SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 Schedule 13G Under the Securities Exchange Act of 1934 (Amendment No.: 1)* Name of issuer: Morningstar Inc. Title of Class of Securities: Common Stock CUSIP Number: 617700109 Date of Event Which Requires Filing of this Statement: December 30, 2022 Check the appropriate box to designate th

Separation Agreement and General Release, dated February 1, 2023, between Morningstar, Inc. and Bevin Desmond.

EX-10.2 3 tm235278d1ex10-2.htm EXHIBIT 10.2 Exhibit 10.2 SEPARATION AGREEMENT AND GENERAL RELEASE This Separation Agreement and General Release (the “Agreement”) is made by and between Bevin Desmond and his/her heirs, agents, and assigns (hereinafter, “Employee”) and Morningstar, Inc. and its affiliates, directors, officers, employees, agents, successors, and assigns (hereinafter, the “Company”).

Contract Services Agreement, dated February 1, 2023, between Morningstar, Inc. and Bevin Desmond.

EX-10.1 2 tm235278d1ex10-1.htm EXHIBIT 10.1 Exhibit 10.1 CONTRACT SERVICES AGREEMENT This Contract Services Agreement (“Agreement”) is made by and between Morningstar, Inc. and Bevin Desmond ("Contractor") as of this 1st day of February, 2023. 1. SERVICES TO BE PROVIDED Contractor is hereby retained to perform the specific services identified in Exhibit A hereto (hereafter, the “Services”). Contra

Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers, Financial Statements and Exhibits

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 8-K/A (Amendment No. 1) CURRENT REPORT Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934 Date of Report (Date of earliest event reported): May 6, 2022 MORNINGSTAR, INC. (Exact name of registrant as specified in its charter) Illinois 000-51280 36-3297908 (State or other jurisdiction of incorporation) (

Other Events

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 8-K CURRENT REPORT Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934 Date of Report (Date of earliest event reported): January 31, 2023 MORNINGSTAR, INC. (Exact name of registrant as specified in its charter) Illinois 000-51280 36-3297908 (State or other jurisdiction of incorporation) (Commission File

Regulation FD Disclosure

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 8-K CURRENT REPORT Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934 Date of Report (Date of earliest event reported): January 24, 2023 MORNINGSTAR, INC. (Exact name of registrant as specified in its charter) Illinois 000-51280 36-3297908 (State or other jurisdiction (Commission File Number) (I.R.S. E

Regulation FD Disclosure

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 8-K CURRENT REPORT Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934 Date of Report (Date of earliest event reported): December 22, 2022 MORNINGSTAR, INC. (Exact name of registrant as specified in its charter) Illinois 000-51280 36-3297908 (State or other jurisdiction (Commission File Number) (I.R.S.

Other Events, Financial Statements and Exhibits

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 8-K CURRENT REPORT Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934 Date of Report (Date of earliest event reported): December 6, 2022 MORNINGSTAR, INC. (Exact name of registrant as specified in its charter) Illinois 000-51280 36-3297908 (State or other jurisdiction (Commission (I.R.S. Employer of in

# # #

Exhibit 99.1 Media Contact: Landon Hudson, +1 312 696-6037 or [email protected] FOR IMMEDIATE RELEASE Morningstar, Inc. Declares Quarterly Dividend of 37.5 Cents Per Share and Authorizes New $500 Million Share Repurchase Program CHICAGO, Dec. 6, 2022?The board of directors of Morningstar, Inc. (Nasdaq: MORN), a leading provider of independent investment research, today declared a quarterly

Regulation FD Disclosure

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 8-K CURRENT REPORT Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934 Date of Report (Date of earliest event reported): November 18, 2022 MORNINGSTAR, INC. (Exact name of registrant as specified in its charter) Illinois 000-51280 36-3297908 (State or other jurisdiction of incorporation) (Commission Fil

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington D.C. 20549 FORM 10-Q ☑ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 FOR THE QUARTERLY PERIOD ENDED September 30, 2022 ☐ TRANSITION REPORT PURSUANT

Table of Contents UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington D.C. 20549 FORM 10-Q ? QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 FOR THE QUARTERLY PERIOD ENDED September 30, 2022 OR ? TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from to Commission File Number: 000-51280

FIRST AMENDMENT TO CREDIT AGREEMENT

Exhibit 10.1 Execution Version FIRST AMENDMENT TO CREDIT AGREEMENT This First Amendment to Credit Agreement (this ?Amendment?) is entered into as of September 13, 2022 by and among MORNINGSTAR, INC., an Illinois corporation (the ?Company?), certain Subsidiaries of the Company party hereto in the capacity of a ?Borrower? (the ?Designated Borrowers,? and together with the Company, the ?Borrowers?),

SECOND AMENDMENT TO CREDIT AGREEMENT

Exhibit 10.2 EXECUTION VERSION SECOND AMENDMENT TO CREDIT AGREEMENT This Second Amendment to Credit Agreement (this ?Amendment?) is entered into as of September 30, 2022 by and among MORNINGSTAR, INC., an Illinois corporation (the ?Company?), certain Subsidiaries of the Company party hereto in the capacity of a ?Borrower? (the ?Designated Borrowers,? and together with the Company, the ?Borrowers?)

This presentation contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. These statements are based on our current expectations about future events or future fi nancial performance. Forward-look

Exhibit 99.2 Third Quarter 2022 Supplemental Presentation Oct. 26, 2022 This presentation contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. These statements are based on our current expectations about future events or future ? nancial performance. Forward-looking statements by their nature address matters that are, to di ? erent degrees

Regulation FD Disclosure, Financial Statements and Exhibits, Results of Operations and Financial Condition

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 8-K CURRENT REPORT Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934 Date of Report (Date of earliest event reported): October 26, 2022 MORNINGSTAR, INC. (Exact name of registrant as specified in its charter) Illinois 000-51280 36-3297908 (State or other jurisdiction (Commission (I.R.S. Employer of in

Morningstar, Inc. Reports Third-Quarter 2022 Financial Results

Exhibit 99.1 News Release 22 West Washington Street Telephone: +1 312 696-6000 Chicago Facsimile: +1 312 696-6009 Illinois 60602 FOR IMMEDIATE RELEASE Morningstar, Inc. Reports Third-Quarter 2022 Financial Results CHICAGO, October 26, 2022 - Morningstar, Inc. (Nasdaq: MORN), a leading provider of independent investment research, posted solid third-quarter revenue growth, driven by continued moment

Regulation FD Disclosure

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 8-K CURRENT REPORT Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934 Date of Report (Date of earliest event reported): October 21, 2022 MORNINGSTAR, INC. (Exact name of registrant as specified in its charter) Illinois 000-51280 36-3297908 (State or other (Commission (I.R.S. Employer jurisdiction of in

Regulation FD Disclosure

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 8-K CURRENT REPORT Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934 Date of Report (Date of earliest event reported): September 23, 2022 MORNINGSTAR, INC. (Exact name of registrant as specified in its charter) Illinois 000-51280 36-3297908 (State or other (Commission (I.R.S. Employer jurisdiction of

Regulation FD Disclosure

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 8-K CURRENT REPORT Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934 Date of Report (Date of earliest event reported): August 26, 2022 MORNINGSTAR, INC. (Exact name of registrant as specified in its charter) Illinois 000-51280 36-3297908 (State or other jurisdiction (Commission (I.R.S. Employer of inc

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington D.C. 20549 FORM 10-Q ☑ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 FOR THE QUARTERLY PERIOD ENDED June 30, 2022 ☐ TRANSITION REPORT PURSUANT TO SE

Table of Contents UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington D.C. 20549 FORM 10-Q ? QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 FOR THE QUARTERLY PERIOD ENDED June 30, 2022 OR ? TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from to Commission File Number: 000-51280 MORN

MORNINGSTAR, INC. AMENDED AND RESTATED 2011 STOCK INCENTIVE PLAN MARKET STOCK UNIT WITH REVENUE KICKER AWARD AGREEMENT

Exhibit 10.3 MORNINGSTAR, INC. AMENDED AND RESTATED 2011 STOCK INCENTIVE PLAN MARKET STOCK UNIT WITH REVENUE KICKER AWARD AGREEMENT THIS MARKET STOCK UNIT AWARD AGREEMENT, which includes the Online Grant Acceptance form (the ?Grant Notice?) provided to the Participant named therein and any special terms and conditions for the Participant?s country set forth in the Addendum attached hereto (togethe

ASSET PURCHASE AGREEMENT BY AND BETWEEN S&P GLOBAL INC. MORNINGSTAR, INC. Dated as of April 3, 2022 TABLE OF CONTENTS

Exhibit 2.1 EXECUTION VERSION ASSET PURCHASE AGREEMENT BY AND BETWEEN S&P GLOBAL INC. AND MORNINGSTAR, INC. Dated as of April 3, 2022 TABLE OF CONTENTS ARTICLE I DEFINITIONS 1 Section 1.1 Definitions 1 Section 1.2 Other Defined Terms 14 ARTICLE II PURCHASE AND SALE; CLOSING 16 Section 2.1 Purchase and Sale 16 Section 2.2 Purchase Price 16 Section 2.3 Closing Date 17 Section 2.4 Purchased Assets 17

AMENDMENT TO ASSET PURCHASE AGREEMENT June 1, 2022

Exhibit 2.2 Execution Version AMENDMENT TO ASSET PURCHASE AGREEMENT June 1, 2022 This Amendment (this ?Amendment?) to that certain Asset Purchase Agreement (the ?Agreement?), dated as of April 3, 2022, by and between S&P Global Inc., a New York corporation (?Seller?) and Morningstar, Inc., an Illinois corporation (?Purchaser?). Capitalized terms not otherwise defined in this Amendment shall have t

MORNINGSTAR, INC. AMENDED AND RESTATED 2011 STOCK INCENTIVE PLAN RESTRICTED STOCK UNIT AWARD AGREEMENT

Exhibit 10.2 MORNINGSTAR, INC. AMENDED AND RESTATED 2011 STOCK INCENTIVE PLAN RESTRICTED STOCK UNIT AWARD AGREEMENT THIS RESTRICTED STOCK UNIT AWARD AGREEMENT, which includes the Online Grant Acceptance form (the ?Grant Notice?) provided to the Participant named therein and any special terms and conditions for the Participant?s country set forth in the Addendum attached hereto (together, the ?Awar

CREDIT AGREEMENT Dated as of May 6, 2022 MORNINGSTAR, INC., as the Company and a Borrower, CERTAIN SUBSIDIARIES OF THE COMPANY as Designated Borrowers, CERTAIN SUBSIDIARIES OF THE BORROWER PARTY HERETO, as the Guarantors BANK OF AMERICA, N.A., as Adm

Exhibit 10.1 Execution Version CREDIT AGREEMENT Dated as of May 6, 2022 among MORNINGSTAR, INC., as the Company and a Borrower, CERTAIN SUBSIDIARIES OF THE COMPANY as Designated Borrowers, CERTAIN SUBSIDIARIES OF THE BORROWER PARTY HERETO, as the Guarantors and BANK OF AMERICA, N.A., as Administrative Agent, Swingline Lender and an L/C Issuer and THE LENDERS PARTY HERETO BANK OF AMERICA, N.A. as S

Regulation FD Disclosure, Financial Statements and Exhibits, Results of Operations and Financial Condition

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 8-K CURRENT REPORT Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934 Date of Report (Date of earliest event reported): July 27, 2022 MORNINGSTAR, INC. (Exact name of registrant as specified in its charter) Illinois 000-51280 36-3297908 (State or other jurisdiction (Commission (I.R.S. Employer of incor

Morningstar, Inc. Reports Second-Quarter 2022 Financial Results

Exhibit 99.1 News Release 22 West Washington Street Telephone: +1 312 696-6000 Chicago Facsimile: +1 312 696-6009 Illinois 60602 FOR IMMEDIATE RELEASE Morningstar, Inc. Reports Second-Quarter 2022 Financial Results CHICAGO, July 27, 2022 - Morningstar, Inc. (Nasdaq: MORN), a leading provider of independent investment research, posted strong second-quarter revenue growth, highlighting continued mom

Second Quarter 2022 
 Supplemental Presentation July 27, 2022 This presentation contains forward-looking statements within the meaning of the Private Securities Litigation Reform 
 Act of 1995. These statements are based on our current expectations a

Exhibit 99.2 Second Quarter 2022 ? Supplemental Presentation July 27, 2022 This presentation contains forward-looking statements within the meaning of the Private Securities Litigation Reform ? Act of 1995. These statements are based on our current expectations about future events or future fnancial performance. Forward-looking statements by their nature address matters that are, to diferent degre

Regulation FD Disclosure

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 8-K CURRENT REPORT Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934 Date of Report (Date of earliest event reported): July 22, 2022 MORNINGSTAR, INC. (Exact name of registrant as specified in its charter) Illinois 000-51280 36-3297908 (State or other (Commission (I.R.S. Employer jurisdiction File Num

Regulation FD Disclosure, Financial Statements and Exhibits

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 8-K CURRENT REPORT Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934 Date of Report (Date of earliest event reported): July 1, 2022 MORNINGSTAR, INC. (Exact name of registrant as specified in its charter) Illinois 000-51280 36-3297908 (State or other (Commission (I.R.S. Employer jurisdiction File Numb

Media Contacts:

Exhibit 99.1 Media Contacts: Natasha Moore, +44 (0)7961760121, [email protected], [email protected] Scott Gilmore, +1 773-664-9829, [email protected], [email protected] FOR IMMEDIATE RELEASE Morningstar Completes Acquisition of Wealth Management Platform Provider Praemium?s UK and International Business CHICAGO and LONDON, June 30, 2022 ? Morningstar, Inc. (Nas

Regulation FD Disclosure

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 8-K CURRENT REPORT Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934 Date of Report (Date of earliest event reported): June 17, 2022 MORNINGSTAR, INC. (Exact name of registrant as specified in its charter) Illinois 000-51280 36-3297908 (State or other (Commission (I.R.S. Employer jurisdiction File Num

###

EX-99.1 2 tm2217467d1ex99-1.htm EXHIBIT 99.1 Exhibit 99.1 Morningstar Media Contact: Sarah Wirth, +1 312 696-6037 or [email protected] PitchBook Media Contact: Bailey Fox, [email protected] Investors may submit questions to [email protected] FOR IMMEDIATE RELEASE Morningstar, Inc. Completes Acquisition of Leveraged Commentary & Data CHICAGO and SEATTLE, June 1, 2022 - Morningstar, In

Regulation FD Disclosure, Financial Statements and Exhibits

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 8-K CURRENT REPORT Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934 Date of Report (Date of earliest event reported): June 1, 2022 MORNINGSTAR, INC. (Exact name of registrant as specified in its charter) Illinois 000-51280 36-3297908 (State or other jurisdiction (Commission (I.R.S. Employer of incorp

Regulation FD Disclosure

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 8-K CURRENT REPORT Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934 Date of Report (Date of earliest event reported): May 27, 2022 MORNINGSTAR, INC. (Exact name of registrant as specified in its charter) Illinois 000-51280 36-3297908 (State or other (Commission (I.R.S. Employer jurisdiction File Numb

Financial Statements and Exhibits, Other Events, Submission of Matters to a Vote of Security Holders

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 8-K CURRENT REPORT Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934 Date of Report (Date of earliest event reported): May 13, 2022 MORNINGSTAR, INC. (Exact name of registrant as specified in its charter) Illinois 000-51280 36-3297908 (State or other jurisdiction (Commission (I.R.S. Employer of incorp

###

Exhibit 99.1 Media Contact: Landon Hudson, +1 312 696-6037 or [email protected] FOR IMMEDIATE RELEASE Morningstar, Inc. Declares Quarterly Dividend of 36 Cents Per Share CHICAGO, May 13, 2022 - The board of directors of Morningstar, Inc. (Nasdaq: MORN), a leading provider of independent investment research, today declared a quarterly dividend of 36 cents per share. The dividend is payable J

###

Exhibit 99.1 Media Contact Sarah Wirth, +1 312-696-6037, [email protected] FOR IMMEDIATE RELEASE Bevin Desmond to Depart Morningstar CHICAGO, May 11, 2022 - Morningstar, Inc. (NASDAQ: MORN), a leading provider of independent investment research, today announced chief talent and culture officer Bevin Desmond?s decision to depart Morningstar this August. The firm will begin a search for Desmo

Regulation FD Disclosure, Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers, Financial Statements and Exhibits

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 8-K CURRENT REPORT Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934 Date of Report (Date of earliest event reported): May 6, 2022 MORNINGSTAR, INC. (Exact name of registrant as specified in its charter) Illinois 000-51280 36-3297908 (State or other jurisdiction (Commission (I.R.S. Employer of incorpo

Entry into a Material Definitive Agreement, Material Modification to Rights of Security Holders, Creation of a Direct Financial Obligation or an Obligation under an Off-Balance Sheet Arrangement of a Registrant

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 8-K CURRENT REPORT Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934 Date of Report (Date of earliest event reported): May 6, 2022 MORNINGSTAR, INC. (Exact name of registrant as specified in its charter) Illinois 000-51280 36-3297908 (State or other jurisdiction (Commission (I.R.S. Employer of incorpo

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington D.C. 20549 FORM 10-Q ☑ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 FOR THE QUARTERLY PERIOD ENDED March 31, 2022 ☐ TRANSITION REPORT PURSUANT TO S

Table of Contents UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington D.C. 20549 FORM 10-Q ? QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 FOR THE QUARTERLY PERIOD ENDED March 31, 2022 OR ? TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from to Commission File Number: 000-51280 MOR

First Quarter 2022 Supplemental Presentation April 27, 2022 This presentation contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. These statements are based on our current expectations about

Exhibit 99.2 First Quarter 2022 Supplemental Presentation April 27, 2022 This presentation contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. These statements are based on our current expectations about future events or future ?nancial performance. Forward-looking statements by their nature address matters that are, to different degrees,

Regulation FD Disclosure, Results of Operations and Financial Condition, Financial Statements and Exhibits

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 8-K CURRENT REPORT Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934 Date of Report (Date of earliest event reported): April 27, 2022 MORNINGSTAR, INC. (Exact name of registrant as specified in its charter) Illinois 000-51280 36-3297908 (State or other jurisdiction (Commission (I.R.S. Employer of inco

Morningstar, Inc. Reports First-Quarter 2022 Financial Results

Exhibit 99.1 News Release 22 West Washington Street Telephone: +1 312 696-6000 Chicago Facsimile: ?+1 312 696-6009 Illinois 60602 FOR IMMEDIATE RELEASE Morningstar, Inc. Reports First-Quarter 2022 Financial Results CHICAGO, April 27, 2022 - Morningstar, Inc. (Nasdaq: MORN), a leading provider of independent investment research, posted strong first-quarter revenue growth, highlighting continued mom

Regulation FD Disclosure

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 8-K CURRENT REPORT Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934 Date of Report (Date of earliest event reported): April 22, 2022 MORNINGSTAR, INC. (Exact name of registrant as specified in its charter) Illinois 000-51280 36-3297908 (State or other jurisdiction (Commission (I.R.S. Employer of inco

Stephanie Lerdall, +1 312 244-7805 or

Exhibit 99.1 Media Contact: Stephanie Lerdall, +1 312 244-7805 or [email protected] NOT FOR IMMEDIATE RELEASE ? UNDER EMBARGO UNTIL 8 AM CENTRAL / 9 AM EASTERN Morningstar Plans to Acquire Leveraged Commentary & Data LCD will complement PitchBook?s robust product and research capabilities by covering every metric of the leveraged loan market CHICAGO and SEATTLE, April 4, 2022 ? Morningstar

Letter from Kunal Kapoor

Exhibit 99.2 Letter from Kunal Kapoor Morningstar plans to acquire Leveraged Commentary & Data Dear Morningstar colleagues, soon-to-be colleagues at LCD, partners, and shareholders, This morning, we announced our agreement to acquire Leveraged Commentary & Data (LCD), the industry standard for leveraged loan data, news, indexes, and analysis, from S&P Global. Our ambition to acquire PitchBook back

©202 2 Morningstar. All Rights Reserved. April 4 th , 202 2 Morningstar Announces Agreement to Acquire Leveraged Commentary and Data (“LCD”) Business from S&P Global

Exhibit 99.3 ?202 2 Morningstar. All Rights Reserved. April 4 th , 202 2 Morningstar Announces Agreement to Acquire Leveraged Commentary and Data (?LCD?) Business from S&P Global 2 Safe Harbor Statement Forward - Looking Statements This presentation includes "forward - looking statements" within the meaning of the "Safe - Harbor" provisions of the Private Securities Litigation Reform Act of 1995.

Regulation FD Disclosure, Financial Statements and Exhibits, Other Events, Entry into a Material Definitive Agreement

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 8-K CURRENT REPORT Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934 Date of Report (Date of earliest event reported): April 3, 2022 MORNINGSTAR, INC. (Exact name of registrant as specified in its charter) Illinois 000-51280 36-3297908 (State or other jurisdiction (Commission (I.R.S. Employer of incor

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 SCHEDULE 14A Proxy Statement Pursuant to Section 14(a) of the Securities Exchange Act of 1934 (Amendment No.)

Table of Contents UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 SCHEDULE 14A Proxy Statement Pursuant to Section 14(a) of the Securities Exchange Act of 1934 (Amendment No.) Filed by the Registrant ? Filed by a Party other than the Registrant ? Check the appropriate box: ? Preliminary Proxy Statement ? Confidential, for Use of the Commission Only (as permitted by Rule 14a

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 SCHEDULE 14A Proxy Statement Pursuant to Section 14(a) of the Securities Exchange Act of 1934 (Amendment No.)

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 SCHEDULE 14A Proxy Statement Pursuant to Section 14(a) of the Securities Exchange Act of 1934 (Amendment No.) Filed by the Registrant ? Filed by a Party other than the Registrant ? Check the appropriate box: ? Preliminary Proxy Statement ? Confidential, for Use of the Commission Only (as permitted by Rule 14a-6(e)(2)) ? Defini

Regulation FD Disclosure

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 8-K CURRENT REPORT Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934 Date of Report (Date of earliest event reported): March 18, 2022 MORNINGSTAR, INC. (Exact name of registrant as specified in its charter) Illinois 000-51280 36-3297908 (State or other jurisdiction (Commission (I.R.S. Employer of inco

# # #

Exhibit 99.1 Media Contact: Stephanie Lerdall, +1 312 244-7805 or [email protected] FOR IMMEDIATE RELEASE Morningstar, Inc. Declares Quarterly Dividend of 36 Cents Per Share CHICAGO, March 1, 2022?The board of directors of Morningstar, Inc. (Nasdaq: MORN), a leading provider of independent investment research, today declared a quarterly dividend of 36 cents per share. The dividend

Financial Statements and Exhibits, Other Events

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 8-K CURRENT REPORT Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934 Date of Report (Date of earliest event reported): March 1, 2022 MORNINGSTAR, INC. (Exact name of registrant as specified in its charter) Illinois 000-51280 36-3297908 (State or other jurisdiction (Commission (I.R.S. Employer of incor

The information below is presented as of December 31, 2021. Listed below are all the subsidiaries of Morningstar, Inc., except certain subsidiaries which are not included in the listing because, considered in the aggregate, they do not constitute a s

EXHIBIT 21.1 The information below is presented as of December 31, 2021. Listed below are all the subsidiaries of Morningstar, Inc., except certain subsidiaries which are not included in the listing because, considered in the aggregate, they do not constitute a significant subsidiary as of the date compiled. Subsidiaries of Morningstar, Inc. Subsidiary Jurisdiction of Formation Ownership Informati

Regulation FD Disclosure, Financial Statements and Exhibits, Results of Operations and Financial Condition

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 8-K CURRENT REPORT Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934 Date of Report (Date of earliest event reported): February 24, 2022 MORNINGSTAR, INC. (Exact name of registrant as specified in its charter) Illinois 000-51280 36-3297908 (State or other jurisdiction (Commission (I.R.S. Employer of i

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington D.C. 20549 FORM 10-K ☒ ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the fiscal year ended December 31, 2021 ☐ TRANSITION REPORT PURSUANT TO SECTIO

Table of Contents UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington D.C. 20549 FORM 10-K ? ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the fiscal year ended December 31, 2021 OR ? TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from to Commission File Number: 000-51280 MORNINGS

Fourth Quarter 2021 
 Supplemental Presentation February 24, 2022 This presentation contains forward-looking statements within the meaning of the Private Securities Litigation Reform 
 Act of 1995. These statements are based on our current expectatio

Exhibit 99.2 Fourth Quarter 2021 ? Supplemental Presentation February 24, 2022 This presentation contains forward-looking statements within the meaning of the Private Securities Litigation Reform ? Act of 1995. These statements are based on our current expectations about future events or future fnancial performance. Forward-looking statements by their nature address matters that are, to diferent d

Morningstar, Inc. Reports Fourth-Quarter, Full-Year 2021 Financial Results

Exhibit 99.1 News Release 22 West Washington Street Telephone: +1 312 696-6000 Chicago Facsimile: +1 312 696-6009 Illinois 60602 FOR IMMEDIATE RELEASE Morningstar, Inc. Reports Fourth-Quarter, Full-Year 2021 Financial Results CHICAGO, Feb. 24, 2022 - Morningstar, Inc. (Nasdaq: MORN), a leading provider of independent investment research, posted strong fourth-quarter revenue and cash generation, ca

Regulation FD Disclosure

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 8-K CURRENT REPORT Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934 Date of Report (Date of earliest event reported): February 18, 2022 MORNINGSTAR, INC. (Exact name of registrant as specified in its charter) Illinois 000-51280 36-3297908 (State or other (Commission (I.R.S. Employer jurisdiction of i

EXHIBIT 99.1

EXHIBIT 99.1 The identity and the Item 3 classification of the relevant subsidiary are: Select Equity Group, L.P., which is an Investment Adviser in accordance with Rule 13d-1(b)(1)(ii)(E).

MORN / Morningstar, Inc. / Mansueto Joseph D - SC 13G/A Passive Investment

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 SCHEDULE 13G Under the Securities Exchange Act of 1934 (Amendment No. 16)* Morningstar, Inc. (Name of Issuer) Common Stock, no par value (Title of Class of Securities) 617700 10 9 (CUSIP Number) December 31, 2021 (Date of Event Which Requires Filing of this Statement) Check the appropriate box to designate the rule pursuant to

MORN / Morningstar, Inc. / Select Equity Group, L.P. - SCHEDULE 13G/A, #2 Passive Investment

SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 SCHEDULE 13G Under the Securities Exchange Act of 1934 (Amendment No. 2)* Morningstar, Inc. (Name of Issuer) Common Stock, no par value (Title of Class of Securities) 617700109 (CUSIP Number) December 31, 2021 (Date of Event Which Requires Filing of This Statement) Check the appropriate box to designate the rule pursuant to which this Sched

MORN / Morningstar, Inc. / VANGUARD GROUP INC - SCHEDULE 13G Passive Investment

SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 Schedule 13G Under the Securities Exchange Act of 1934 Name of issuer: Morningstar Inc. Title of Class of Securities: Common Stock CUSIP Number: 617700109 Date of Event Which Requires Filing of this Statement: December 31, 2021 Check the appropriate box to designate the rule pursuant to which this Schedule is filed: ☒ Rule 13d-1(b) ☐ Rule 1

Financial Statements and Exhibits, Regulation FD Disclosure

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 8-K CURRENT REPORT Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934 Date of Report (Date of earliest event reported): December 21, 2021 MORNINGSTAR, INC. (Exact name of registrant as specified in its charter) Illinois 000-51280 36-3297908 (State or other (Commission (I.R.S. Employer jurisdiction of i

###

Exhibit 99.1 Morningstar Media Contact: Stephanie Lerdall, +1 312 696-6037 or [email protected] Praemium Media Contact: Australia: Lauren Thompson, +61 0438 954 729, [email protected]; Celia Moore, +61 0432 344 069, [email protected] U.K.: Hilary Morison, +44 (0)7793 564 351, [email protected] FOR IMMEDIATE RELEASE Morningstar to Acquire Wealth Man

Financial Statements and Exhibits, Other Events

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 8-K CURRENT REPORT Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934 Date of Report (Date of earliest event reported): December 3, 2021 MORNINGSTAR, INC. (Exact name of registrant as specified in its charter) Illinois 000-51280 36-3297908 (State or other jurisdiction (Commission (I.R.S. Employer of in