Tony Satterthwaite - Nov 23, 2021 Form 4 Insider Report for CUMMINS INC (CMI)

Role
Vice Chairman
Signature
/s/ Sharon Barner, Attorney-in-Fact
Stock symbol
CMI
Transactions as of
Nov 23, 2021
Transactions value $
-$978,168
Form type
4
Date filed
11/23/2021, 02:28 PM
Next filing
Jan 5, 2022

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction CMI Common Options Exercise $1.11M +9.19K +16.68% $120.28 64.3K Nov 23, 2021 Direct
transaction CMI Common Sale -$605K -2.66K -4.14% $227.18 61.6K Nov 23, 2021 Direct F1
transaction CMI Common Sale -$1.48M -6.53K -10.59% $226.53 55.1K Nov 23, 2021 Direct F2
holding CMI Common 2.99K Nov 23, 2021 By 401(k) Plan F3

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 CMI Stock Option (Right-to-Buy) Options Exercise $0 -9.19K -100% $0.00* 0 Nov 23, 2021 Common 9.19K $120.28 Direct
holding CMI Stock Option (Right-to-Buy) 24.3K Nov 23, 2021 Common 24.3K $109.09 Direct
holding CMI Stock Option (Right-to-Buy) 11.9K Nov 23, 2021 Common 11.9K $111.84 Direct
holding CMI Stock Option (Right-to-Buy) 11.2K Nov 23, 2021 Common 11.2K $136.82 Direct
holding CMI Stock Option (Right-to-Buy) 24.5K Nov 23, 2021 Common 24.5K $142.12 Direct
holding CMI Stock Option (Right-to-Buy) 8.91K Nov 23, 2021 Common 8.91K $149.34 Direct
holding CMI Stock Option (Right-to-Buy) 15.6K Nov 23, 2021 Common 15.6K $149.72 Direct
holding CMI Stock Option (Right-to-Buy) 10.9K Nov 23, 2021 Common 10.9K $160.10 Direct
holding CMI Stock Option (Right-to-Buy) 15.4K Nov 23, 2021 Common 15.4K $163.43 Direct
holding CMI Stock Option (Right-to-Buy) 9.25K Nov 23, 2021 Common 9.25K $166.18 Direct
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 The price reported in Column 4 is a weighted average price. The shares were sold in multiple transactions at prices ranging from $227.07 - $227.54. The reporting person undertakes to provide to Cummins Inc., any security holder of Cummins Inc., or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the range indicated.
F2 The price reported in Column 4 is a weighted average price. The shares were sold in multiple transactions at prices ranging from $226.06 - $227.05. The reporting person undertakes to provide to Cummins Inc., any security holder of Cummins Inc., or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the range indicated.
F3 The number of shares is based on the dollar value of the reporting person's interest in the Cummins Stock Fund under the Company's 401(k) plan as most recently provided by the plan. The actual number of shares underlying the interest is not known since the Cummins Stock Fund is a unitized account consisting of approximately 98% common stock and 2% cash or cash equivalents.