[144] Caterpillar Inc. SEC Filing

Rhea-AI Filing Summary

Caterpillar Inc. is the subject of a Form 144 notice reporting a proposed sale of 4,091 shares of common stock through Morgan Stanley Smith Barney LLC, with an aggregate market value of $1,708,790.65. The company has 468,478,923 shares outstanding, so this block represents a very small fraction of total shares.

The shares were acquired on 08/11/2025 via a stock option exercise from the issuer and payment was made in cash on the same date. No securities sold by the same person in the past three months were reported. The filer affirms they are unaware of any undisclosed material adverse information regarding the issuer.

Insights

Securities Analyst

TL;DR: Insider sale of 4,091 shares (~$1.71M) is immaterial relative to 468M outstanding; likely a neutral disclosure.

The notice shows a routine disposition tied to a stock option exercise and immediate cash payment. At 4,091 shares versus 468,478,923 shares outstanding, the transaction equals roughly 0.00087% of outstanding stock, so it is unlikely to move markets or change the investment thesis. The use of a major broker and the absence of prior sales in the past three months align with orderly execution.

Corporate Governance Expert

TL;DR: Documentation and representations are standard; disclosure complies with Rule 144 mechanics and shows no red flags.

The Form 144 records the broker, the acquisition method (stock option exercise), cash payment, and the filers representation about material information. There are no reported recent sales by the same person and no indication of noncompliance or undisclosed arrangements in the form. From a governance perspective this is a standard, transparent filing.

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

144: Issuer Information

Name of Issuer

SEC File Number

Address of Issuer

Phone

Name of Person for Whose Account the Securities are To Be Sold

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

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	4091	1708790.65	468478923	08/11/2025	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	08/11/2025	Stock Option Exercise	Issuer			4091	08/11/2025	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

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

ATTENTION: Intentional misstatements or omission of facts constitute Federal Criminal Violations (See 18 U.S.C. 1001)

FAQ

What securities does the CAT Form 144 report?

The filing reports a proposed sale of 4,091 shares of Caterpillar common stock.

What is the aggregate market value of the shares on the CAT Form 144?

The aggregate market value is reported as $1,708,790.65.

When were the shares acquired according to the filing?

The shares were acquired on 08/11/2025 via a stock option exercise from the issuer, with payment in cash.

Who is the broker handling the proposed sale in the CAT filing?

The broker listed is Morgan Stanley Smith Barney LLC, Executive Financial Services, 1 New York Plaza, New York, NY.

Were any securities sold by the same person in the past three months?

The filing states Nothing to Report for securities sold during the past three months.

What representation does the filer make about material information?

By signing the notice, the filer represents they do not know of any material adverse information about the issuer that has not been publicly disclosed.