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        <com:city>CHICAGO</com:city>
        <com:stateOrCountry>IL</com:stateOrCountry>
        <com:zipCode>60602</com:zipCode>
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      <issuerContactPhone>(312) 696-6000</issuerContactPhone>
      <nameOfPersonForWhoseAccountTheSecuritiesAreToBeSold>Lyons William M</nameOfPersonForWhoseAccountTheSecuritiesAreToBeSold>
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      <brokerOrMarketmakerDetails>
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        <address>
          <com:street1>3000 Schway Way</com:street1>
          <com:city>Westlake</com:city>
          <com:stateOrCountry>TX</com:stateOrCountry>
          <com:zipCode>76262</com:zipCode>
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      <securitiesExchangeName>NASDAQ</securitiesExchangeName>
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      <natureOfAcquisitionTransaction>Restricted Stock Lapse</natureOfAcquisitionTransaction>
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          <com:stateOrCountry>IL</com:stateOrCountry>
          <com:zipCode>60602</com:zipCode>
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        <name>William M Lyons TTEE</name>
        <address>
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          <com:stateOrCountry>IL</com:stateOrCountry>
          <com:zipCode>60602</com:zipCode>
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      <amountOfSecuritiesSold>750</amountOfSecuritiesSold>
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    <remarks>Shares sold in THE WILLIAM M. LYONS REVOCABLE TRUST.</remarks>
    <noticeSignature>
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      <planAdoptionDates>
        <planAdoptionDate>03/05/2024</planAdoptionDate>
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144
0001411724
XXXXXXXX
LIVE
0001289419
Morningstar, Inc.
000-51280
22 WEST WASHINGTON STREET
CHICAGO
IL
60602
(312) 696-6000
Lyons William M
Director
Class A Common Shares
Charles Schwab & Co. Inc.
3000 Schway Way
Westlake
TX
76262
750
243623.00
42838731
07/30/2024
NASDAQ
Common
05/15/2020
Restricted Stock Lapse
MORNINGSTAR, INC.
N
750
05/15/2020
Equity Compensation
N
William M Lyons TTEE
22 WEST WASHINGTON STREET
CHICAGO
IL
60602
Morningstar, Inc.
06/04/2024
750
216802.00
William M Lyons TTEE
22 WEST WASHINGTON STREET
CHICAGO
IL
60602
Morningstar, Inc.
06/28/2024
750
220658.00
Shares sold in THE WILLIAM M. LYONS REVOCABLE TRUST.
07/30/2024
03/05/2024
William M Lyons TTEE