Cummins Inc - May 30, 2023 Form 4 Insider Report for Atmus Filtration Technologies Inc. (ATMU)

Role
10%+ Owner
Signature
/s/ Sharon R. Barner, VP - Chief Administrative Officer & Corporate Secretary
Stock symbol
ATMU
Transactions as of
May 30, 2023
Transactions value $
$0
Form type
4
Date filed
5/31/2023, 04:43 PM
Previous filing
May 25, 2023
Next filing
Mar 19, 2024

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction ATMU Common Stock Sale -16.2M -19.5% 67.1M May 30, 2023 Direct F1
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Cummins Inc. disposed of 16,243,070 shares of Common Stock in exchange for outstanding debt obligations of Cummins Inc. as a result of the closing of the initial public offering of Atmus Filtration Technologies Inc. Common Stock on 05/30/2023. The debt obligations were valued at their fair market value, and the fair market value of the debt obligations exchanged equaled $18.38 per share of Common Stock exchanged.