Srikanth Padmanabhan - Aug 10, 2022 Form 4 Insider Report for CUMMINS INC (CMI)

Role: President - Engine Busines
Signature: /s/ Sharon Barner, Attorney-in-Fact
Stock symbol: CMI
Transactions as of: Aug 10, 2022
Transactions value $: -$476,845
Form type: 4
Date filed: 8/11/2022, 03:50 PM
Previous filing: Mar 3, 2022
Next filing: Feb 23, 2023

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
transaction	CMI	Common	Options Exercise	$458K	+3.35K	+15.21%	$136.82	25.4K	Aug 10, 2022	Direct
transaction	CMI	Common	Options Exercise	$320K	+2.14K	+8.44%	$149.34	27.5K	Aug 10, 2022	Direct
transaction	CMI	Common	Options Exercise	$81.7K	+530	+1.93%	$154.20	28K	Aug 10, 2022	Direct
transaction	CMI	Common	Sale	-$22.3K	-100	-0.36%	$222.57	27.9K	Aug 10, 2022	Direct
transaction	CMI	Common	Sale	-$1.31M	-5.92K	-21.19%	$222.00	22K	Aug 10, 2022	Direct	F1
holding	CMI	Common						537	Aug 10, 2022	By 401(k) Plan	F2

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
transaction	CMI	Stock Option (Right-to-Buy)	Options Exercise	$0	-2.14K	-100%	$0.00^*	0	Aug 10, 2022	Common	2.14K	$149.34	Direct
transaction	CMI	Stock Option (Right-to-Buy)	Options Exercise	$0	-3.35K	-100%	$0.00^*	0	Aug 10, 2022	Common	3.35K	$136.82	Direct
transaction	CMI	Stock Option (Right-to-Buy)	Options Exercise	$0	-530	-100%	$0.00^*	0	Aug 10, 2022	Common	530	$154.20	Direct
holding	CMI	Stock Option (Right-to-Buy)						16K	Aug 10, 2022	Common	16K	$142.12	Direct
holding	CMI	Stock Option (Right-to-Buy)						12.5K	Aug 10, 2022	Common	12.5K	$149.72	Direct
holding	CMI	Stock Option (Right-to-Buy)						9.56K	Aug 10, 2022	Common	9.56K	$160.10	Direct
holding	CMI	Stock Option (Right-to-Buy)						13.6K	Aug 10, 2022	Common	13.6K	$163.43	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 $221.50 - $222.36. 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 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.

Content

The price reported in Column 4 is a weighted average price. The shares were sold in multiple transactions at prices ranging from $221.50 - $222.36. 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.

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.