[Form 4] Caterpillar Inc. Insider Trading Activity

Rhea-AI Filing Summary

Caterpillar director David W. MacLennan acquired 500 shares of Caterpillar Inc. (CAT) on 08/18/2025 at a price of $407.76 per share. Following the purchase, Mr. MacLennan beneficially owned 7,641 shares directly. The Form 4 was signed by Nicole Puza as power of attorney on 08/19/2025. No derivative transactions or additional explanatory details are provided in the filing.

Insights

Financial Analyst

TL;DR: Director purchase of 500 CAT shares at $407.76 increases direct holdings to 7,641 shares; transaction is disclosed on Form 4.

The filing documents a straightforward open-market acquisition by a board director. The disclosed facts are limited to the number of shares, price, and resulting direct ownership. There are no derivatives, plan-based transactions, or amendments noted. The purchase amount is modest relative to a large-cap issuer and conveys limited standalone impact on valuation metrics; the record is useful for insider activity tracking but contains no additional context about intent or schedule.

Corporate Governance Expert

TL;DR: Routine Section 16 disclosure of a director's purchase; compliance appears timely and properly executed.

The Form 4 shows timely reporting with a dated signature by an authorized POA. It identifies the reporting person as a director and specifies direct ownership after the transaction. The filing lacks any indication of a Rule 10b5-1 plan or other arrangements. From a governance and compliance perspective, the document meets the basic disclosure requirements without revealing additional governance implications.

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

OMB APPROVAL

OMB Number:			3235-0287
Estimated average burden
hours per response:			0.5

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^*

MacLennan David

(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)

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

3. Date of Earliest Transaction (Month/Day/Year)
08/18/2025

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	08/18/2025		A		500	A	$407.76	7,641	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

Explanation of Responses:

	/s/ Nicole Puza, POA for David W. MacLennan	08/19/2025
	** 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).
Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB Number.

FAQ

What insider activity did David W. MacLennan report for CAT?

The Form 4 reports that director David W. MacLennan acquired 500 shares of CAT on 08/18/2025 at $407.76 per share.

How many Caterpillar (CAT) shares does David W. MacLennan own after the transaction?

Following the reported purchase, Mr. MacLennan beneficially owned 7,641 shares directly.

Was the Form 4 for CAT filed timely and who signed it?

The filing is dated with the transaction on 08/18/2025 and was signed by /s/ Nicole Puza, POA for David W. MacLennan on 08/19/2025.

Did the Form 4 report any derivative transactions for CAT by the reporting person?

No. The filing contains no entries in the derivative securities section; only a non-derivative purchase of common stock is reported.

Does the Form 4 indicate the purchase was under a 10b5-1 plan?

The filing does not indicate that the transaction was made pursuant to a Rule 10b5-1(c) plan; no such designation is provided.