[144] CUMMINS INC SEC Filing

Rhea-AI Filing Summary

Form 144 filing for Cummins Inc. (CMI) reports a proposed sale of 7,500 common shares through Morgan Stanley Smith Barney on the NYSE with an aggregate market value of $3,077,025. The shares were acquired and are to be sold on 09/15/2025 by exercise of stock options, with payment in cash. The filer also reported recent 10b5-1 sales: 6,500 shares on 08/13/2025 for $2,632,500 and 6,000 shares on 08/12/2025 for $2,370,000. The filing includes the required insider representation about no undisclosed material information.

Positive

• Transparent disclosure of a proposed sale and recent 10b5-1 transactions through a major broker
• Securities were acquired by exercise of stock options, and the filing states cash payment, which clarifies the funding method

Negative

• Material insider liquidity: planned sale of 7,500 shares (~$3.08M) plus recent sales of 12,500 shares (~$5.0M) may be perceived negatively by some investors
• Missing explicit 10b5-1 adoption date in the remarks for the prior sales limits clarity about whether those sales were under an established written plan

Insights

Securities Analyst

TL;DR: Insider exercised options and plans a substantial same-day sale; prior 10b5-1 sales show recent systematic dispositions.

This Form 144 indicates an option exercise and immediate planned sale of 7,500 Cummins shares valued at about $3.08 million. The transaction appears executed through a major broker and coincides with two recent 10b5-1 sales totaling 12,500 shares and roughly $5.0 million in gross proceeds. For investors, these filings document notable insider liquidity but do not by themselves convey undisclosed operational or financial issues because the filer affirms no material nonpublic information.

Corporate Governance Expert

TL;DR: Filing shows compliance with Rule 144 and disclosure of prior 10b5-1 plan sales; procedural transparency is appropriate.

The notice lists acquisition by option exercise and sale through Morgan Stanley Smith Barney, with required representations about material information. The presence of recent 10b5-1 sales suggests the insider has used preplanned trading arrangements, which typically reduce informational asymmetry concerns. The filing provides standard disclosure but does not include dates of any 10b5-1 plan adoption for the current planned sale, so the governance record is complete for the transactions disclosed but missing explicit plan-adoption detail for the prior 10b5-1 entries.

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	7500	3077025.00	137786038	09/15/2025	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	09/15/2025	Exercise of Stock Options	Issuer			7500	09/15/2025	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

Name and Address of Seller	Title of Securities Sold	Date of Sale	Amount of Securities Sold	Gross Proceeds
10b5-1 Sales for MARK A. SMITH 500 Jackson Street Columbus IN 47202	COMMON	08/13/2025	6500	2632500.00
10b5-1 Sales for MARK A. SMITH 500 Jackson Street Columbus IN 47202	COMMON	08/12/2025	6000	2370000.00

144: Remarks and Signature

Remarks

Date of Notice

Date of Plan Adoption or Giving of Instruction, If Relying on Rule 10b5-1

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 does the Form 144 filed for Cummins (CMI) report?

The filing reports a proposed sale of 7,500 common shares on 09/15/2025 valued at $3,077,025, acquired by option exercise and to be sold through Morgan Stanley Smith Barney on the NYSE.

Were there recent insider sales by the same person at CMI?

Yes. The filing discloses 10b5-1 sales by Mark A. Smith of 6,500 shares on 08/13/2025 for $2,632,500 and 6,000 shares on 08/12/2025 for $2,370,000.

How were the 7,500 shares acquired according to the filing?

The shares were acquired on 09/15/2025 by exercise of stock options from the issuer, with payment made in cash.

Through which broker will the proposed sale occur?

The proposed sale is to be executed through Morgan Stanley Smith Barney LLC, 1 New York Plaza, New York, NY, on the NYSE.

Does the filing state there is undisclosed material information?

The signer represents that they do not know any material adverse information about the issuer that has not been publicly disclosed.