Jason Kaiser - 11 Nov 2025 Form 4 Insider Report for CATERPILLAR INC (CAT)

Signature
/s/ Nicole Puza, POA for Jason E. Kaiser
Issuer symbol
CAT
Transactions as of
11 Nov 2025
Net transactions value
-$9,558,918
Form type
4
Filing time
13 Nov 2025, 12:27:34 UTC
Previous filing
27 Oct 2025
Next filing
01 Dec 2025

Reporting Owners (1)

Name Relationship Address Signature Signature date CIK
Kaiser Jason Group President 5205 N. O'CONNOR BOULEVARD, SUITE 100, IRVING /s/ Nicole Puza, POA for Jason E. Kaiser 13 Nov 2025 0002005183

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction CAT Common Stock Options Exercise $1,951,689 +8,881 +103% $219.76 17,530 11 Nov 2025 Direct F1
transaction CAT Common Stock Tax liability $1,951,165 -3,418 -19% $570.85 14,112 11 Nov 2025 Direct
transaction CAT Common Stock Sale $583,742 -1,040 -7.4% $561.29 13,072 11 Nov 2025 Direct F2
transaction CAT Common Stock Sale $794,488 -1,413 -11% $562.27 11,659 11 Nov 2025 Direct F3
transaction CAT Common Stock Sale $923,681 -1,640 -14% $563.22 10,019 11 Nov 2025 Direct F4
transaction CAT Common Stock Sale $157,886 -280 -2.8% $563.88 9,739 11 Nov 2025 Direct F5
transaction CAT Common Stock Sale $20,907 -37 -0.38% $565.06 9,702 11 Nov 2025 Direct F6
transaction CAT Common Stock Sale $226,904 -400 -4.1% $567.26 9,302 11 Nov 2025 Direct F7
transaction CAT Common Stock Sale $371,296 -653 -7% $568.60 8,649 11 Nov 2025 Direct F8
transaction CAT Common Stock Options Exercise $1,573,600 +8,000 +92% $196.70 16,649 11 Nov 2025 Direct
transaction CAT Common Stock Tax liability $1,573,263 -2,756 -17% $570.85 13,893 11 Nov 2025 Direct
transaction CAT Common Stock Sale $579,251 -1,032 -7.4% $561.29 12,861 11 Nov 2025 Direct F9
transaction CAT Common Stock Sale $708,309 -1,260 -9.8% $562.15 11,601 11 Nov 2025 Direct F10
transaction CAT Common Stock Sale $833,566 -1,480 -13% $563.22 10,121 11 Nov 2025 Direct F11
transaction CAT Common Stock Sale $259,481 -460 -4.5% $564.09 9,661 11 Nov 2025 Direct F12
transaction CAT Common Stock Sale $215,593 -380 -3.9% $567.35 9,281 11 Nov 2025 Direct F13
transaction CAT Common Stock Sale $359,387 -632 -6.8% $568.65 8,649 11 Nov 2025 Direct F14
holding CAT Common Stock 368 11 Nov 2025 Held by 401(k) Plan F15

Derivative Securities (e.g., puts, calls, warrants, options, convertible securities)

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Underlying Class Amount Exercise Price Ownership Footnotes
transaction CAT Employee Stock Options Options Exercise $1,951,689 -8,881 -100% $219.76 0 11 Nov 2025 Common Stock 8,881 $219.76 Direct F16
transaction CAT Employee Stock Options Options Exercise $1,573,600 -8,000 -100% $196.70 0 11 Nov 2025 Common Stock 8,000 $196.70 Direct F17
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Buy Plan / Sale Plan: These are also open market purchases/sales of shares, but in this case the transaction is part of a trading plan. Rule 10b5-1 allows insiders to setup a trading plan to buy/sell stocks over a certain period of time. Since the purchases/sales are predetermined, this protects the insiders from violating insider trading law.

Transaction was made pursuant to a contract, instruction or written plan for the purchase or sale of equity securities of the issuer that is intended to satisfy the affirmative defense conditions of Rule 10b5-1(c).

Explanation of Responses:

Id Content
F1 Includes adjustments for dividends accrued.
F2 This transaction was entered as multiple trades, as prices ranging from $560.79 to $561.73. The price reported above reflects the weighted average sale price. The reporting person hereby undertakes to provide upon request of the SEC staff, the issuer or a security holder of the issuer, full information regarding the number of shares and prices at which the transaction was effected.
F3 This transaction was entered as multiple trades, as prices ranging from $561.77 to $562.76. The price reported above reflects the weighted average sale price. The reporting person hereby undertakes to provide upon request of the SEC staff, the issuer or a security holder of the issuer, full information regarding the number of shares and prices at which the transaction was effected.
F4 This transaction was entered as multiple trades, as prices ranging from $562.81 to $563.79. The price reported above reflects the weighted average sale price. The reporting person hereby undertakes to provide upon request of the SEC staff, the issuer or a security holder of the issuer, full information regarding the number of shares and prices at which the transaction was effected.
F5 This transaction was entered as multiple trades, as prices ranging from $563.87 to $563.79. The price reported above reflects the weighted average sale price. The reporting person hereby undertakes to provide upon request of the SEC staff, the issuer or a security holder of the issuer, full information regarding the number of shares and prices at which the transaction was effected.
F6 This transaction was entered as multiple trades at $565.06. The reporting person hereby undertakes to provide upon request of the SEC staff, the issuer or a security holder of the issuer, full information regarding the number of shares and prices at which the transaction was effected.
F7 This transaction was entered as multiple trades, as prices ranging from $566.87 to $567.71. The price reported above reflects the weighted average sale price. The reporting person hereby undertakes to provide upon request of the SEC staff, the issuer or a security holder of the issuer, full information regarding the number of shares and prices at which the transaction was effected.
F8 This transaction was entered as multiple trades, as prices ranging from $568.07 to $568.72. The price reported above reflects the weighted average sale price. The reporting person hereby undertakes to provide upon request of the SEC staff, the issuer or a security holder of the issuer, full information regarding the number of shares and prices at which the transaction was effected.
F9 This transaction was entered as multiple trades, as prices ranging from $560.79 to $561.73. The price reported above reflects the weighted average sale price. The reporting person hereby undertakes to provide upon request of the SEC staff, the issuer or a security holder of the issuer, full information regarding the number of shares and prices at which the transaction was effected.
F10 This transaction was entered as multiple trades, as prices ranging from $561.77 to $562.70. The price reported above reflects the weighted average sale price. The reporting person hereby undertakes to provide upon request of the SEC staff, the issuer or a security holder of the issuer, full information regarding the number of shares and prices at which the transaction was effected.
F11 This transaction was entered as multiple trades, as prices ranging from $562.81 to $563.65. The price reported above reflects the weighted average sale price. The reporting person hereby undertakes to provide upon request of the SEC staff, the issuer or a security holder of the issuer, full information regarding the number of shares and prices at which the transaction was effected.
F12 This transaction was entered as multiple trades, as prices ranging from $563.70 to $564.50. The price reported above reflects the weighted average sale price. The reporting person hereby undertakes to provide upon request of the SEC staff, the issuer or a security holder of the issuer, full information regarding the number of shares and prices at which the transaction was effected.
F13 This transaction was entered as multiple trades, as prices ranging from $566.87 to $567.71. The price reported above reflects the weighted average sale price. The reporting person hereby undertakes to provide upon request of the SEC staff, the issuer or a security holder of the issuer, full information regarding the number of shares and prices at which the transaction was effected.
F14 This transaction was entered as multiple trades, as prices ranging from $568.03 to $569.41. The price reported above reflects the weighted average sale price. The reporting person hereby undertakes to provide upon request of the SEC staff, the issuer or a security holder of the issuer, full information regarding the number of shares and prices at which the transaction was effected.
F15 The information in this report is based on a 401(k) plan statement dated as of October 31, 2025.
F16 The stock options were granted pursuant to the Caterpillar Inc. 2014 Long-Term Incentive Plan on March 1, 2021 and vest equally in 1/3 increments on the first, second and third anniversaries of the grant date.
F17 The stock options were granted pursuant to the Caterpillar Inc. 2014 Long-Term Incentive Plan on March 7, 2022 and vest equally in 1/3 increments on the first, second and third anniversaries of the grant date.