Caterpillar (NYSE: CAT) president exercises options, sells stock

Rhea-AI Filing Summary

Caterpillar Group President Bob De Lange reported multiple equity transactions in company stock. On February 4, 2026, he exercised 20,000 employee stock options at an exercise price of $138.35 per share, acquiring the same number of Caterpillar common shares.

He then disposed of 3,930 shares in an F-coded transaction at $704.04 per share and reported S-coded sales of 9,223 shares at $704.42, 6,817 shares at $705.70, and 30 shares at $706.28, with some trades executed in multiple lots at prices within stated ranges. After these transactions, he directly owned 79,953 shares of common stock and 28,034 employee stock options.

SEC Form 4

FORM 4

UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934
or Section 30(h) of the Investment Company Act of 1940

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Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).

Check this box to indicate that a 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). See Instruction 10.

1. Name and Address of Reporting Person^*

De Lange Bob

(Last) (First) (Middle)

5205 N. O'CONNOR BOULEVARD, SUITE 100

(Street)

IRVING TX 75039

(City) (State) (Zip)

2. Issuer Name and Ticker or Trading Symbol
CATERPILLAR INC [ CAT ]

5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)

	Director		10% Owner
X	Officer (give title below)		Other (specify below)
	Group President

3. Date of Earliest Transaction (Month/Day/Year)
02/04/2026

4. If Amendment, Date of Original Filed (Month/Day/Year)

6. Individual or Joint/Group Filing (Check Applicable Line)

X	Form filed by One Reporting Person
	Form filed by More than One Reporting Person

Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1. Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	3. Transaction Code (Instr. 8)		4. Securities Acquired (A) or Disposed Of (D) (Instr. 3, 4 and 5)			5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4)	6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)
			Code	V	Amount	(A) or (D)	Price
Common Stock	02/04/2026		M		20,000	A	$138.35	99,953	D
Common Stock	02/04/2026		F		3,930	D	$704.04	96,023	D
Common Stock	02/04/2026		S		9,223	D	$704.42(1)	86,800	D
Common Stock	02/04/2026		S		6,817	D	$705.7(2)	79,983	D
Common Stock	02/04/2026		S		30	D	$706.28(3)	79,953	D

Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 3)	2. Conversion or Exercise Price of Derivative Security	3. Transaction Date (Month/Day/Year)	3A. Deemed Execution Date, if any (Month/Day/Year)	4. Transaction Code (Instr. 8)		5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5)		6. Date Exercisable and Expiration Date (Month/Day/Year)		7. Title and Amount of Securities Underlying Derivative Security (Instr. 3 and 4)		8. Price of Derivative Security (Instr. 5)	9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4)	10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)
				Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares
Employee Stock Options	$138.35	02/04/2026		M			20,000	(4)	03/04/2029	Common Stock	20,000	$138.35	28,034	D

Explanation of Responses:

1. This transaction was executed in multiple trades at prices ranging from $704.22 to $705.21. The price reported above reflects the weighted average sale price. The reporting person hereby undertakes to provide upon request to 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.

2. This transaction was executed in multiple trades at prices ranging from $705.26 to $706.24. The price reported above reflects the weighted average sale price. The reporting person hereby undertakes to provide upon request to 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.

3. This transaction was executed in a trade at a price of $706.28. The reporting person hereby undertakes to provide upon request to 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.

4. The stock options were granted pursuant to the Caterpillar Inc. 2014 Long-Term Incentive Plan on March 4, 2019 and vest equally in 1/3 increments in the first, second and third anniversaries of the grant date.

	/s/ Nicole Puza, POA for Bob De Lange	02/05/2026
	** Signature of Reporting Person	Date
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* If the form is filed by more than one reporting person, see Instruction 4 (b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
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FAQ

What insider transaction did Caterpillar (CAT) report for Bob De Lange?

Caterpillar reported that Group President Bob De Lange exercised 20,000 employee stock options at an exercise price of $138.35 per share and carried out several related transactions in Caterpillar common stock on February 4, 2026, including share dispositions and sales at market prices above $700.

How many Caterpillar (CAT) stock options did Bob De Lange exercise?

Bob De Lange exercised 20,000 employee stock options on February 4, 2026 with an exercise price of $138.35 per share. These options were granted under the Caterpillar Inc. 2014 Long-Term Incentive Plan and were originally awarded on March 4, 2019, vesting in three equal annual installments.

What Caterpillar (CAT) share sales did Bob De Lange report on February 4, 2026?

On February 4, 2026, Bob De Lange reported S-coded sales of 9,223 shares at $704.42, 6,817 shares at $705.70, and 30 shares at $706.28. Some trades were executed in multiple lots within stated price ranges, with reported prices reflecting weighted average sale prices.

How many Caterpillar (CAT) shares does Bob De Lange own after these transactions?

Following the reported transactions, Bob De Lange directly owned 79,953 shares of Caterpillar common stock. He also held 28,034 employee stock options after the option exercise on February 4, 2026, as disclosed in the Form 4 insider trading report filed for this activity.

What is the F-coded Caterpillar (CAT) transaction reported by Bob De Lange?

The Form 4 shows an F-coded transaction where Bob De Lange disposed of 3,930 shares of Caterpillar common stock at a reported price of $704.04 per share on February 4, 2026. After this F-coded transaction, his directly held shares stood at 96,023 before subsequent sales.

Under what plan were Bob De Lange’s Caterpillar (CAT) stock options granted?

Bob De Lange’s employee stock options were granted under the Caterpillar Inc. 2014 Long-Term Incentive Plan. They were awarded on March 4, 2019 and vested in equal one-third increments on the first, second, and third anniversaries of the original grant date, according to the disclosure.