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

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 Footnotes
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.