MORNINGSTAR INC

Ticker: MORN CUSIP: 617700109 Class: Common Stock

Incline Global Management LLC's Holding History (CIK: 0001567195)

Note: Option positions (PUT/CALL) are excluded.

Q4 2025

Shares 6,278 Value ($000) $1,364 Avg Close $216.57 Range $202.89 - $233.46

Q3 2025

Shares 66,981 Value ($000) $15,540 Avg Close $266.56 Range $230.09 - $313.40

Q3 2020

Shares 46,489 Value ($000) $7,467 Avg Close $157.98 Range $140.37 - $178.57

Period	Shares	Value ($000)	Average Close	Price Range
Q4 2025	6,278	$1,364	$216.57	$202.89 - $233.46
Q3 2025	66,981	$15,540	$266.56	$230.09 - $313.40
Q3 2020	46,489	$7,467	$157.98	$140.37 - $178.57