Tracy A. Embree - Oct 27, 2022 Form 4 Insider Report for CUMMINS INC (CMI)

Role
President - Distribution
Signature
/s/ Sharon Barner, Attorney-in-Fact
Stock symbol
CMI
Transactions as of
Oct 27, 2022
Transactions value $
-$1,332,222
Form type
4
Date filed
10/31/2022, 12:51 PM
Previous filing
Oct 27, 2022
Next filing
Nov 14, 2022

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction CMI Common Options Exercise $1.11M +10.2K +55.35% $109.09 28.6K Oct 27, 2022 Direct F1
transaction CMI Common Sale -$812K -3.4K -11.87% $238.65 25.2K Oct 27, 2022 Direct F1, F2
transaction CMI Common Sale -$169K -700 -2.77% $241.45 24.5K Oct 31, 2022 Direct F1, F3
transaction CMI Common Sale -$703K -2.94K -11.97% $239.42 21.6K Oct 31, 2022 Direct F1, F4
transaction CMI Common Sale -$761K -3.17K -14.66% $240.49 18.4K Oct 31, 2022 Direct F1, F5
holding CMI Common 46.6 Oct 27, 2022 By 401(k) Plan F6

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 -10.2K -100% $0.00* 0 Oct 27, 2022 Common 10.2K $109.09 Direct F1
holding CMI Stock Option (Right-to-Buy) 6.7K Oct 27, 2022 Common 6.7K $136.82 Direct
holding CMI Stock Option (Right-to-Buy) 13.3K Oct 27, 2022 Common 13.3K $142.12 Direct
holding CMI Stock Option (Right-to-Buy) 1.42K Oct 27, 2022 Common 1.42K $149.34 Direct
holding CMI Stock Option (Right-to-Buy) 13.8K Oct 27, 2022 Common 13.8K $149.72 Direct
holding CMI Stock Option (Right-to-Buy) 9.56K Oct 27, 2022 Common 9.56K $160.10 Direct
holding CMI Stock Option (Right-to-Buy) 13.6K Oct 27, 2022 Common 13.6K $163.43 Direct
holding CMI Stock Option (Right-to-Buy) 1.85K Oct 27, 2022 Common 1.85K $166.18 Direct
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Transactions pursuant to Rule 10b5-1 Trading Plan entered into on November 19, 2021.
F2 The price reported in Column 4 is a weighted average price. The shares were sold in multiple transactions at prices ranging from $238.00 - $238.99. 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 price reported in Column 4 is a weighted average price. The shares were sold in multiple transactions at prices ranging from $241.34 - $241.54. 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.
F4 The price reported in Column 4 is a weighted average price. The shares were sold in multiple transactions at prices ranging from $239.00 - $239.97. 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.
F5 The price reported in Column 4 is a weighted average price. The shares were sold in multiple transactions at prices ranging from $240.03 - $241.00. 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.
F6 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.