Sharon R. Barner - Feb 15, 2023 Form 4 Insider Report for CUMMINS INC (CMI)

Role
VP - Chief Administrative Off.
Signature
/s/ Sharon Barner, Attorney-in-Fact
Stock symbol
CMI
Transactions as of
Feb 15, 2023
Transactions value $
-$793,617
Form type
4
Date filed
2/16/2023, 03:40 PM
Previous filing
Nov 28, 2022
Next filing
Feb 21, 2023

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction CMI Common Options Exercise $604K +5.54K +34.32% $109.09 21.7K Feb 15, 2023 Direct
transaction CMI Common Sale -$638K -2.54K -11.71% $251.26 19.1K Feb 15, 2023 Direct F1
transaction CMI Common Sale -$760K -3K -15.67% $253.26 16.1K Feb 15, 2023 Direct 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 Footnotes
transaction CMI Stock Option (Right-to-Buy) Options Exercise $0 -5.54K -100% $0.00* 0 Feb 15, 2023 Common 5.54K $109.09 Direct
holding CMI Stock Option (Right-to-Buy) 16K Feb 15, 2023 Common 16K $142.12 Direct
holding CMI Stock Option (Right-to-Buy) 5.93K Feb 15, 2023 Common 5.93K $149.72 Direct
holding CMI Stock Option (Right-to-Buy) 9.56K Feb 15, 2023 Common 9.56K $160.10 Direct
holding CMI Stock Option (Right-to-Buy) 13K Feb 15, 2023 Common 13K $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 $251.0000 - $251.7450. 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 $253.0000 - $253.5750. 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.