Jennifer Rumsey - Feb 16, 2024 Form 4 Insider Report for CUMMINS INC (CMI)

Role: President & CEO, Director
Signature: /s/ Nicole Y. Lamb-Hale, Attorney-in-Fact
Stock symbol: CMI
Transactions as of: Feb 16, 2024
Transactions value $: -$37,456
Form type: 4
Date filed: 2/16/2024, 02:52 PM
Previous filing: Jan 3, 2024
Next filing: Feb 22, 2024

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
transaction	CMI	Common	Options Exercise	$160K	+1.07K	+45.2%	$149.34	3.44K	Feb 16, 2024	Direct
transaction	CMI	Common	Sale	-$197K	-739	-21.5%	$266.91	2.7K	Feb 16, 2024	Direct	F1
holding	CMI	Common						1.48K	Feb 16, 2024	By 401(k) Plan	F2
holding	CMI	Common						11.4K	Feb 16, 2024	By Trust

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	-1.07K	-100%	$0.00^*	0	Feb 16, 2024	Common	1.07K	$149.34	Direct
holding	CMI	Stock Option (Right-to-Buy)						11.6K	Feb 16, 2024	Common	11.6K	$109.09	Direct
holding	CMI	Stock Option (Right-to-Buy)						1.34K	Feb 16, 2024	Common	1.34K	$128.05	Direct
holding	CMI	Stock Option (Right-to-Buy)						2.68K	Feb 16, 2024	Common	2.68K	$136.82	Direct
holding	CMI	Stock Option (Right-to-Buy)						13.3K	Feb 16, 2024	Common	13.3K	$142.12	Direct
holding	CMI	Stock Option (Right-to-Buy)						8.76K	Feb 16, 2024	Common	8.76K	$149.72	Direct
holding	CMI	Stock Option (Right-to-Buy)						350	Feb 16, 2024	Common	350	$154.35	Direct
holding	CMI	Stock Option (Right-to-Buy)						6.95K	Feb 16, 2024	Common	6.95K	$160.10	Direct
holding	CMI	Stock Option (Right-to-Buy)						12.3K	Feb 16, 2024	Common	12.3K	$163.43	Direct
holding	CMI	Stock Option (Right-to-Buy)						1.24K	Feb 16, 2024	Common	1.24K	$166.18	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 $266.4750 - $266.95. 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 $266.4750 - $266.95. 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.