---
schema_version: "secwatch.filing_event.v1"
accession: "0001289419-26-000035"
form_type: "8-K"
ticker: "MORN"
cik: "0001289419"
company_name: "Morningstar, Inc."
filed_at: "2026-06-25T20:40:21+00:00"
generated_at: "2026-06-25T20:41:08.708824+00:00"
event_type: "other_material"
sentiment: "neutral"
materiality_score: 0.5
calibrated_materiality_score: 0.5
confidence: "high"
source: SEC EDGAR
---

# Morningstar provides PitchBook client segmentation and MCP connector adoption update

## Summary
- PitchBook client logos: 37% investors, 28% companies, 27% service providers, 5% limited partners, 3% non-core.
- As of June 2026, ~17% of PitchBook client accounts accessed its MCP connector since year start.
- Hundreds of Morningstar Direct clients accessed MCP connector; strong trial pipeline noted.
- Essential MCP connector offers limited data to non-licensees; LLM partners compensate PitchBook.
- Pricing evolving toward firmwide value-based models; core KPIs like licensed users tracked.

## SEC filing metadata
- accession: 0001289419-26-000035
- form_type: 8-K
- ticker: MORN
- cik: 0001289419
- company_name: Morningstar, Inc.
- filed_at: 2026-06-25T20:40:21+00:00
- event_type: other_material
- sentiment: neutral
- materiality_score: 0.5
- calibrated_materiality_score: 0.5
- confidence: high
- sec_items: 7.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1289419/000128941926000035/0001289419-26-000035-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1289419/000128941926000035/morn-20260625.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001289419-26-000035
- JSON: https://secwatch.observer/filing/0001289419-26-000035.json
- Plain text: https://secwatch.observer/filing/0001289419-26-000035.txt

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.