Caterpillar's Joseph Creed plans $26M stock sale

CATERPILLAR INC (CAT) received a notice under Rule 144 that officer Joseph E. Creed plans a potential sale of company common stock.

Rhea-AI Filing Summary

CATERPILLAR INC (CAT) received a notice under Rule 144 that officer Joseph E. Creed plans a potential sale of company common stock. The notice covers up to 32,401 shares of Caterpillar common stock, with an indicated aggregate market value of $26,211,751.26, to be sold through Morgan Stanley Smith Barney LLC Executive Financial Services on the NYSE, with an approximate sale date of August 28, 2026. The shares are to be issued via stock option exercise for cash, and the filing notes that 459,674,889 shares of Caterpillar common stock were outstanding.

Key Figures

Shares to be sold: 32,401 shares of common stock Aggregate market value: $26,211,751.26 Shares outstanding: 459,674,889 shares +1 more

4 metrics

Shares to be sold 32,401 shares of common stock Planned Rule 144 sale by officer Joseph E. Creed

Aggregate market value $26,211,751.26 Aggregate market value of 32,401 shares covered by the notice

Shares outstanding 459,674,889 shares Caterpillar common shares outstanding referenced in the filing

Approximate sale date August 28, 2026 Planned date for Rule 144 sale of Caterpillar shares

Key Terms

Rule 144, stock option exercise, aggregate market value, Executive Financial Services

4 terms

Rule 144 regulatory

"See the definition of "person" in paragraph (a) of Rule 144."

Rule 144 is a U.S. securities regulation that sets conditions under which restricted or insider-held shares can be legally resold to the public, such as required holding periods, availability of public information, limits on how much can be sold at once, and certain filing requirements. For investors it matters because it determines when previously locked-up shares can enter the market — like a release valve that can increase supply, affect share price, and signal insider intent.

stock option exercise financial

"Common | 08/28/2026 | Stock Option Exercise | Issuer"

A stock option exercise is the act of using a previously granted right to buy shares of a company's stock at a specific, predetermined price by paying that price and receiving the shares. It matters to investors because exercising changes who owns the shares (which can dilute existing ownership), can trigger taxable events and shift potential gains or losses, and affects voting power and the company’s outstanding share count—like turning a voucher into an actual product that becomes part of circulating supply.

aggregate market value financial

"Common | Morgan Stanley Smith Barney LLC Executive Financial Services ... | 26211751.26"

Aggregate market value is the combined price you would pay to buy all outstanding shares of a company or all companies in a group at current market prices — essentially the sum of each stock’s market capitalization. It matters to investors because it shows the overall size and weight of an investment or sector (like the total cost to buy every piece of a puzzle), helps compare scale across companies or markets, and influences index composition and risk exposure.

Executive Financial Services financial

"Morgan Stanley Smith Barney LLC Executive Financial Services 1 New York Plaza"

FAQ

AI-generated questions and answers. How Rhea-AI works. Not financial advice.

What does the Form 144 filing by CAT’s officer Joseph E. Creed disclose?

It discloses a planned sale under Rule 144 of up to 32,401 Caterpillar (CAT) common shares by officer Joseph E. Creed, to be sold via Morgan Stanley Smith Barney LLC Executive Financial Services, with an approximate sale date of August 28, 2026.

How many CAT shares are covered by Joseph E. Creed’s planned Rule 144 sale?

The notice covers up to 32,401 shares of Caterpillar Inc. (CAT) common stock. This amount is listed in the securities information and securities-to-be-sold sections associated with officer Joseph E. Creed.

What is the aggregate market value of the Caterpillar (CAT) shares in this Form 144?

The filing lists an aggregate market value of $26,211,751.26 for the 32,401 shares of Caterpillar common stock covered by the planned Rule 144 sale.

How will the CAT shares in Joseph E. Creed’s Form 144 be acquired before sale?

The shares are to be acquired through a stock option exercise for cash and then sold as described in the Rule 144 notice for Caterpillar Inc. (CAT) common stock.

How many Caterpillar (CAT) shares were outstanding as referenced in this Form 144?

The Form 144 notice references 459,674,889 shares of Caterpillar Inc. (CAT) common stock as outstanding, providing context for the size of the planned sale.

On which exchange are the Caterpillar (CAT) shares in this Form 144 expected to be sold?

The notice states that the Caterpillar Inc. (CAT) common stock covered by the Form 144 is expected to be sold on the NYSE (New York Stock Exchange).

AI-generated analysis. How Rhea-AI works. Not financial advice.

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Available on EDGAR 08/28/2026 - 04:42 PM EDT Accepted by SEC EDGAR 08/28/2026 - 04:41 PM EDT Learn about SEC filing dates

Form 144 Filer Information	UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 Form 144 NOTICE OF PROPOSED SALE OF SECURITIES PURSUANT TO RULE 144 UNDER THE SECURITIES ACT OF 1933
FORM 144

144: Filer Information

Filer CIK	0001739859
Filer CCC	XXXXXXXX
Is this a LIVE or TEST Filing?	LIVE TEST
Submission Contact Information
Name
Phone
E-Mail Address

144: Issuer Information

Name of Issuer	CATERPILLAR INC.
SEC File Number	001-00768
Address of Issuer	5205 N. O'CONNOR BOULEVARD, SUITE 100 IRVING TEXAS 75039
Phone	(972) 891-7700
Name of Person for Whose Account the Securities are To Be Sold	JOSEPH E CREED
See the definition of "person" in paragraph (a) of Rule 144. Information is to be given not only as to the person for whose account the securities are to be sold but also as to all other persons included in that definition. In addition, information shall be given as to sales by all persons whose sales are required by paragraph (e) of Rule 144 to be aggregated with sales for the account of the person filing this notice.
Relationship to Issuer	Officer

144: Securities Information

Title of the Class of Securities To Be Sold	Name and Address of the Broker	Number of Shares or Other Units To Be Sold	Aggregate Market Value	Number of Shares or Other Units Outstanding	Approximate Date of Sale	Name the Securities Exchange
Common	Morgan Stanley Smith Barney LLC Executive Financial Services 1 New York Plaza 8th Floor New York NY 10004	32401	26211751.26	459674889	08/28/2026	NYSE

Furnish the following information with respect to the acquisition of the securities to be sold and with respect to the payment of all or any part of the purchase price or other consideration therefor:

144: Securities To Be Sold

Title of the Class	Date you Acquired	Nature of Acquisition Transaction	Name of Person from Whom Acquired	Is this a Gift?	Date Donor Acquired	Amount of Securities Acquired	Date of Payment	Nature of Payment *
Common	08/28/2026	Stock Option Exercise	Issuer			32401	08/28/2026	Cash

* If the securities were purchased and full payment therefor was not made in cash at the time of purchase, explain in the table or in a note thereto the nature of the consideration given. If the consideration consisted of any note or other obligation, or if payment was made in installments describe the arrangement and state when the note or other obligation was discharged in full or the last installment paid.

Furnish the following information as to all securities of the issuer sold during the past 3 months by the person for whose account the securities are to be sold.

144: Securities Sold During The Past 3 Months

Nothing to Report

144: Remarks and Signature

Remarks
Date of Notice	08/28/2026
ATTENTION:
The person for whose account the securities to which this notice relates are to be sold hereby represents by signing this notice that he does not know any material adverse information in regard to the current and prospective operations of the Issuer of the securities to be sold which has not been publicly disclosed. If such person has adopted a written trading plan or given trading instructions to satisfy Rule 10b5-1 under the Exchange Act, by signing the form and indicating the date that the plan was adopted or the instruction given, that person makes such representation as of the plan adoption or instruction date.
Signature	/s/ Joseph E Creed
ATTENTION: Intentional misstatements or omission of facts constitute Federal Criminal Violations (See 18 U.S.C. 1001)