Mark Andrew Smith - 06 Nov 2025 Form 4 Insider Report for CUMMINS INC (CMI)

Role
VP - Chief Financial Officer
Signature
/s/ Nicole Y. Lamb-Hale, Attorney-in-Fact
Issuer symbol
CMI
Transactions as of
06 Nov 2025
Net transactions value
-$4,307,217
Form type
4
Filing time
10 Nov 2025, 16:09:58 UTC
Previous filing
31 Oct 2025
Next filing
03 Mar 2026
SEC
View on sec.gov

Reporting Owners (1)

Name Relationship Address Signature Signature date CIK
Smith Mark Andrew VP - Chief Financial Officer 500 JACKSON STREET, COLUMBUS /s/ Nicole Y. Lamb-Hale, Attorney-in-Fact 10 Nov 2025 0001676537

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction CMI Common Options Exercise $1,863,193 +13,110 +42% $142.12 44,692 06 Nov 2025 Direct
transaction CMI Common Sale $375,749 -800 -1.8% $469.69 43,892 06 Nov 2025 Direct F1
transaction CMI Common Sale $381,438 -803 -1.8% $475.02 43,089 06 Nov 2025 Direct F2
transaction CMI Common Sale $465,063 -975 -2.3% $476.99 42,114 06 Nov 2025 Direct F3
transaction CMI Common Sale $621,562 -1,320 -3.1% $470.88 40,794 06 Nov 2025 Direct F4
transaction CMI Common Sale $1,844,864 -3,902 -9.6% $472.80 36,892 06 Nov 2025 Direct F5
transaction CMI Common Sale $2,481,735 -5,310 -14% $467.37 31,582 06 Nov 2025 Direct

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 -13,110 -100% $0.000000 0 06 Nov 2025 Common 13,110 $142.12 Direct
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Buy Plan / Sale Plan: These are also open market purchases/sales of shares, but in this case the transaction is part of a trading plan. Rule 10b5-1 allows insiders to setup a trading plan to buy/sell stocks over a certain period of time. Since the purchases/sales are predetermined, this protects the insiders from violating insider trading law.

Transaction was made pursuant to a contract, instruction or written plan for the purchase or sale of equity securities of the issuer that is intended to satisfy the affirmative defense conditions of Rule 10b5-1(c).

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 $469.27 - $470.23. 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 $475.00 - $475.04. 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 $476.98 - $477.00. 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.
F4 The price reported in Column 4 is a weighted average price. The shares were sold in multiple transactions at prices ranging from $470.27 - $471.12. 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 $472.25 - $473.06. 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.