Sherry A. Aaholm - 22 Feb 2023 Form 4 Insider Report for CUMMINS INC (CMI)

Role: VP - Chief Digital Officer
Signature: /s/ Sharon Barner, Attorney-in-Fact
Issuer symbol: CMI
Transactions as of: 22 Feb 2023
Net transactions value: -$143,490
Form type: 4
Filing time: 23 Feb 2023, 14:27:07 UTC
Previous filing: 19 May 2022
Next filing: 03 Mar 2023
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	$353,840	+3,340	+58%	$105.94	9,092	22 Feb 2023	Direct
transaction	CMI	Common	Tax liability	$497,330	-1,989	-22%	$250.04	7,103	22 Feb 2023	Direct	F1

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	-3,340	-100%	$0.000000^*	0	22 Feb 2023	Common	3,340	$105.94	Direct
holding	CMI	Stock Option (Right-to-Buy)						6,790	22 Feb 2023	Common	6,790	$109.09	Direct
holding	CMI	Stock Option (Right-to-Buy)						3,130	22 Feb 2023	Common	3,130	$136.82	Direct
holding	CMI	Stock Option (Right-to-Buy)						5,860	22 Feb 2023	Common	5,860	$142.12	Direct
holding	CMI	Stock Option (Right-to-Buy)						2,490	22 Feb 2023	Common	2,490	$149.34	Direct
holding	CMI	Stock Option (Right-to-Buy)						5,010	22 Feb 2023	Common	5,010	$149.72	Direct
holding	CMI	Stock Option (Right-to-Buy)						3,480	22 Feb 2023	Common	3,480	$160.10	Direct
holding	CMI	Stock Option (Right-to-Buy)						5,560	22 Feb 2023	Common	5,560	$163.43	Direct

* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id	Content
F1	The stock options exercised and reported on this Form 4 were exercised in "sell-to-cover" transactions with respect to stock options that were set to expire in the near term. Any shares sold in such transactions were sold solely to cover the exercise price, fees and taxes associated with the stock option exercises.