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

Role: President - Distribution
Signature: /s/ Sharon Barner, Attorney-in-Fact
Issuer symbol: CMI
Transactions as of: 27 Oct 2022
Net transactions value: -$1,332,222
Form type: 4
Filing time: 31 Oct 2022, 12:51:32 UTC
Previous filing: 27 Oct 2022
Next filing: 14 Nov 2022
SEC: View on sec.gov

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
transaction	CMI	Common	Options Exercise	$1,113,263	+10,205	+55%	$109.09	28,641	27 Oct 2022	Direct	F1
transaction	CMI	Common	Sale	$811,655	-3,401	-12%	$238.65	25,240	27 Oct 2022	Direct	F1, F2
transaction	CMI	Common	Sale	$169,018	-700	-2.8%	$241.45	24,540	31 Oct 2022	Direct	F1, F3
transaction	CMI	Common	Sale	$703,412	-2,938	-12%	$239.42	21,602	31 Oct 2022	Direct	F1, F4
transaction	CMI	Common	Sale	$761,401	-3,166	-15%	$240.49	18,436	31 Oct 2022	Direct	F1, F5
holding	CMI	Common						47	27 Oct 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	-10,205	-100%	$0.000000^*	0	27 Oct 2022	Common	10,205	$109.09	Direct	F1
holding	CMI	Stock Option (Right-to-Buy)						6,700	27 Oct 2022	Common	6,700	$136.82	Direct
holding	CMI	Stock Option (Right-to-Buy)						13,320	27 Oct 2022	Common	13,320	$142.12	Direct
holding	CMI	Stock Option (Right-to-Buy)						1,420	27 Oct 2022	Common	1,420	$149.34	Direct
holding	CMI	Stock Option (Right-to-Buy)						13,760	27 Oct 2022	Common	13,760	$149.72	Direct
holding	CMI	Stock Option (Right-to-Buy)						9,560	27 Oct 2022	Common	9,560	$160.10	Direct
holding	CMI	Stock Option (Right-to-Buy)						13,570	27 Oct 2022	Common	13,570	$163.43	Direct
holding	CMI	Stock Option (Right-to-Buy)						1,850	27 Oct 2022	Common	1,850	$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.