CAT insider ends with 8,649 direct shares; 368 in 401(k)
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Caterpillar (CAT) Group President Jason E. Kaiser reported insider transactions on 11/11/2025. He exercised 8,881 employee stock options at $219.76 and 8,000 options at $196.70, acquiring common stock.
On the same day, he executed multiple open‑market sales in tranches, with weighted average sale prices ranging from $561.29 to $568.65 (per footnotes, comprised of multiple trades). The filing also shows share withholding for taxes (Code F) of 3,418 and 2,756 shares at $570.85. Following the transactions, he directly owned 8,649 shares and indirectly owned 368 shares held in a 401(k) plan, based on a plan statement dated October 31, 2025.
Positive
- None.
Negative
- None.
Insider Trade Summary
Net Seller: 10,707 shares ($6,034,490)
Net Sell
20 txns
Insider
Kaiser Jason
Role
Group President
Sold
10,707 shs ($6.03M)
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise | Employee Stock Options | 8,881 | $219.76 | $1.95M |
| Exercise | Employee Stock Options | 8,000 | $196.70 | $1.57M |
| Exercise | Common Stock | 8,881 | $219.76 | $1.95M |
| Tax Withholding | Common Stock | 3,418 | $570.85 | $1.95M |
| Sale | Common Stock | 1,040 | $561.29 | $584K |
| Sale | Common Stock | 1,413 | $562.27 | $794K |
| Sale | Common Stock | 1,640 | $563.22 | $924K |
| Sale | Common Stock | 280 | $563.88 | $158K |
| Sale | Common Stock | 37 | $565.06 | $21K |
| Sale | Common Stock | 400 | $567.26 | $227K |
| Sale | Common Stock | 653 | $568.60 | $371K |
| Exercise | Common Stock | 8,000 | $196.70 | $1.57M |
| Tax Withholding | Common Stock | 2,756 | $570.85 | $1.57M |
| Sale | Common Stock | 1,032 | $561.29 | $579K |
| Sale | Common Stock | 1,260 | $562.15 | $708K |
| Sale | Common Stock | 1,480 | $563.22 | $834K |
| Sale | Common Stock | 460 | $564.09 | $259K |
| Sale | Common Stock | 380 | $567.35 | $216K |
| Sale | Common Stock | 632 | $568.65 | $359K |
| holding | Common Stock | -- | -- | -- |
Holdings After Transaction:
Employee Stock Options — 0 shares (Direct);
Common Stock — 17,530 shares (Direct);
Common Stock — 368 shares (Indirect, Held by 401(k) Plan)
Footnotes (1)
- Includes adjustments for dividends accrued. This transaction was entered as multiple trades, as prices ranging from $560.79 to $561.73. The price reported above reflects the weighted average sale price. The reporting person hereby undertakes to provide upon request of the SEC staff, the issuer or a security holder of the issuer, full information regarding the number of shares and prices at which the transaction was effected. This transaction was entered as multiple trades, as prices ranging from $561.77 to $562.76. The price reported above reflects the weighted average sale price. The reporting person hereby undertakes to provide upon request of the SEC staff, the issuer or a security holder of the issuer, full information regarding the number of shares and prices at which the transaction was effected. This transaction was entered as multiple trades, as prices ranging from $562.81 to $563.79. The price reported above reflects the weighted average sale price. The reporting person hereby undertakes to provide upon request of the SEC staff, the issuer or a security holder of the issuer, full information regarding the number of shares and prices at which the transaction was effected. This transaction was entered as multiple trades, as prices ranging from $563.87 to $563.79. The price reported above reflects the weighted average sale price. The reporting person hereby undertakes to provide upon request of the SEC staff, the issuer or a security holder of the issuer, full information regarding the number of shares and prices at which the transaction was effected. This transaction was entered as multiple trades at $565.06. The reporting person hereby undertakes to provide upon request of the SEC staff, the issuer or a security holder of the issuer, full information regarding the number of shares and prices at which the transaction was effected. This transaction was entered as multiple trades, as prices ranging from $566.87 to $567.71. The price reported above reflects the weighted average sale price. The reporting person hereby undertakes to provide upon request of the SEC staff, the issuer or a security holder of the issuer, full information regarding the number of shares and prices at which the transaction was effected. This transaction was entered as multiple trades, as prices ranging from $568.07 to $568.72. The price reported above reflects the weighted average sale price. The reporting person hereby undertakes to provide upon request of the SEC staff, the issuer or a security holder of the issuer, full information regarding the number of shares and prices at which the transaction was effected. This transaction was entered as multiple trades, as prices ranging from $560.79 to $561.73. The price reported above reflects the weighted average sale price. The reporting person hereby undertakes to provide upon request of the SEC staff, the issuer or a security holder of the issuer, full information regarding the number of shares and prices at which the transaction was effected. This transaction was entered as multiple trades, as prices ranging from $561.77 to $562.70. The price reported above reflects the weighted average sale price. The reporting person hereby undertakes to provide upon request of the SEC staff, the issuer or a security holder of the issuer, full information regarding the number of shares and prices at which the transaction was effected. This transaction was entered as multiple trades, as prices ranging from $562.81 to $563.65. The price reported above reflects the weighted average sale price. The reporting person hereby undertakes to provide upon request of the SEC staff, the issuer or a security holder of the issuer, full information regarding the number of shares and prices at which the transaction was effected. This transaction was entered as multiple trades, as prices ranging from $563.70 to $564.50. The price reported above reflects the weighted average sale price. The reporting person hereby undertakes to provide upon request of the SEC staff, the issuer or a security holder of the issuer, full information regarding the number of shares and prices at which the transaction was effected. This transaction was entered as multiple trades, as prices ranging from $566.87 to $567.71. The price reported above reflects the weighted average sale price. The reporting person hereby undertakes to provide upon request of the SEC staff, the issuer or a security holder of the issuer, full information regarding the number of shares and prices at which the transaction was effected. This transaction was entered as multiple trades, as prices ranging from $568.03 to $569.41. The price reported above reflects the weighted average sale price. The reporting person hereby undertakes to provide upon request of the SEC staff, the issuer or a security holder of the issuer, full information regarding the number of shares and prices at which the transaction was effected. The information in this report is based on a 401(k) plan statement dated as of October 31, 2025. The stock options were granted pursuant to the Caterpillar Inc. 2014 Long-Term Incentive Plan on March 1, 2021 and vest equally in 1/3 increments on the first, second and third anniversaries of the grant date. The stock options were granted pursuant to the Caterpillar Inc. 2014 Long-Term Incentive Plan on March 7, 2022 and vest equally in 1/3 increments on the first, second and third anniversaries of the grant date.
