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    SEC Form SC 13G filed by Morningstar Inc.

    12/10/24 4:15:15 PM ET
    $MORN
    Investment Managers
    Finance
    Get the next $MORN alert in real time by email
    SC 13G 1 tm2430062d1_sc13g.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 rule pursuant to which this Schedule is filed:

     

    ¨   Rule 13d-1(b)
    x   Rule 13d-1(c)
    ¨   Rule 13d-1(d)

     

    *The remainder of this cover page shall be filled out for a reporting person's initial filing on this form with respect to the subject class of securities, and for any subsequent amendment containing information which would alter the disclosures provided in a prior cover page.

     

    The information required in the remainder of this cover page shall not be deemed to be "filed" for the purpose of Section 18 of the Securities Exchange Act of 1934 ("Act") or otherwise subject to the liabilities of that section of the Act but shall be subject to all other provisions of the Act (however, see the Notes).

     

     

     

     

     

    CUSIP No. 617700 10 9
     
      1. Names of Reporting Persons. I.R.S. Identification Nos. of above persons (entities only)
    Daniel Mansueto
     
      2. Check the Appropriate Box if a Member of a Group
        (a) ¨
        (b) ¨
     
      3. SEC Use Only
     
      4. Citizenship or Place of Organization
    U.S.A.
         
    Number of
    Shares
    Beneficially
    Owned by
    Each
    Reporting
    Person With
    5. Sole Voting Power
    2,334,295(1)
     
    6. Shared Voting Power
    56,250(2)
     
    7. Sole Dispositive Power
    0
     
    8. Shared Dispositive Power
    56,250(2)
     
      9. Aggregate Amount Beneficially Owned by Each Reporting Person
    2,390,545(1)(2)
     
      10. Check if the Aggregate Amount in Row (9) Excludes Certain Shares ¨
     
      11. Percent of Class Represented by Amount in Row (9)
    5.6% (1)(2)
     
      12. Type of Reporting Person
    IN
               

    (1) Consists of shares of Common Stock held of record by grantor retained annuity trusts for which Reporting Person serves as the voting agent over the shares.

     

    (2) Consists of shares of Common Stock held of record by a trust, for which Reporting Person serves as the trustee.

     

    2 

     

     

    Item 1.
     
      (a) Name of Issuer
    Morningstar, Inc.
      (b) Address of Issuer's Principal Executive Offices
    22 West Washington Street
    Chicago, Illinois 60602
     
    Item 2.
     
      (a) Name of Person Filing
    Daniel Mansueto
      (b)

    Address of Principal Business Office or, if none, Residence
    907 Westwood Boulevard, #1026

    Los Angeles, CA 90024

      (c) Citizenship
    U.S.A.
      (d) Title of Class of Securities
    Common Stock, no par value
      (e) CUSIP Number
    617700 10 9
     
    Item 3. If this statement is filed pursuant to §§240.13d-1(b) or 240.13d-2(b) or (c), check whether the person filing is a:
       
      (a) ¨ Broker or dealer registered under section 15 of the Act (15 U.S.C. 78o);
      (b) ¨ Bank as defined in section 3(a)(6) of the Act (15 U.S.C. 78c);
      (c) ¨ Insurance company as defined in section 3(a)(19) of the Act (15 U.S.C. 78c);
      (d) ¨ Investment company registered under section 8 of the Investment Company Act of 1940 (15 U.S.C 80a-8);
      (e) ¨ An investment adviser in accordance with §240.13d-1(b)(1)(ii)(E);
      (f) ¨ An employee benefit plan or endowment fund in accordance with §240.13d-1(b)(1)(ii)(F);
      (g) ¨ A parent holding company or control person in accordance with § 240.13d-1(b)(1)(ii)(G);
      (h) ¨ A savings associations as defined in Section 3(b) of the Federal Deposit Insurance Act (12 U.S.C. 1813);
      (i) ¨ A church plan that is excluded from the definition of an investment company under section 3(c)(14) of the Investment Company Act of 1940 (15 U.S.C. 80a-3);
      (j) ¨ A non-U.S. institution in accordance with §240.13d-1(b)(1)(ii)(J);
      (k) ¨ Group, in accordance with §240.13d-1(b)(1)(ii)(K).
          If filing as a non-U.S. institution in accordance with §240.13d-1(b)(1)(ii)(J), please specify the type of institution:

     

    3 

     

     

    Item 4. Ownership
       
    Provide the following information regarding the aggregate number and percentage of the class of securities of the issuer identified in Item 1.
     
      (a) Amount beneficially owned:
    2,390,545
      (b) Percent of class:
    5.6%
      (c) Number of shares as to which the person has:
        (i) Sole power to vote or to direct the vote
    2,334,295(1)
        (ii) Shared power to vote or to direct the vote
    56,250(2)
        (iii) Sole power to dispose or to direct the disposition of
    0
        (iv) Shared power to dispose or to direct the disposition of
    56,250(2)

     

    (1) Consists of shares of Common Stock held of record by grantor retained annuity trusts for which Reporting Person serves as the voting agent over the shares.

     

    (2) Consists of shares of Common Stock held of record by a trust, for which Reporting Person serves as the trustee.

     
    Item 5. Ownership of Five Percent or Less of a Class
       
    If this statement is being filed to report the fact that as of the date hereof the reporting person has ceased to be the beneficial owner of more than five percent of the class of securities, check the following ¨.
     
    Item 6. Ownership of More than Five Percent on Behalf of Another Person
       
    Not applicable.
     
    Item 7. Identification and Classification of the Subsidiary Which Acquired the Security Being Reported on By the Parent Holding Company or Control Person
       
    Not applicable.
     
    Item 8. Identification and Classification of Members of the Group
       
    Not applicable.
     
    Item 9. Notice of Dissolution of Group
       
    Not applicable.

     

    4 

     

     

    Item 10. Certification
       
    By signing below I certify that, to the best of my knowledge and belief, the securities referred to above were not acquired and are not held for the purpose of or with the effect of changing or influencing the control of the issuer of the securities and were not acquired and are not held in connection with or as a participant in any transaction having that purpose or effect, other than activities solely in connection with a nomination under § 240.14a-11.

     

    [Signature Page Follows]

     

    5 

     

     

    Signature

     

    After reasonable inquiry and to the best of my knowledge and belief, I certify that the information set forth in this statement is true, complete and correct.

     

      December 10, 2024  
      Date  
         
      /s/ Daniel Mansueto  
      Signature  
         
      Daniel Mansueto  
      Name/Title  

     

    6 

     

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