CMI insider files Form 144 for 8,000 shares worth $3.46M

Rhea-AI Filing Summary

Form 144 notice for Cummins Inc. (CMI) reporting a proposed sale of 8,000 common shares through Morgan Stanley Smith Barney LLC with an aggregate market value of $3,462,400.00. The securities are listed as outstanding of 137,786,038 shares and the approximate sale date is 10/06/2025.

The filing shows the 8,000 shares were acquired and will be paid for on 10/06/2025 by exercise of stock options, with payment in cash. The notice also discloses recent 10b5-1 plan sales by the same seller totaling 21,580 shares that generated gross proceeds of approximately $8,777,289.46 across trades dated 08/12/2025 through 09/17/2025.

Positive

• Transaction transparency: Proposed sale is reported on Form 144 with broker and planned date disclosed
• Use of 10b5-1 plans: Prior sales were executed under 10b5-1 arrangements, indicating predefined trading plans

Negative

• Insider selling activity: Recent sales totaled 21,580 shares generating ~$8,777,289.46, which may weigh on sentiment
• Additional planned sale: The new 8,000-share sale (~$3,462,400) increases insider liquidity events in the period

Insights

Insider Transactions Analyst

TL;DR: An insider intends to sell 8,000 shares after exercising options; recent 10b5-1 sales totaled ~21,580 shares (~$8.78M).

The proposed sale records an 8,000-share disposition via Morgan Stanley Smith Barney LLC on 10/06/2025

Executing an option exercise and immediate planned sale is a common liquidity action; the seller also ran multiple 10b5-1 plan sales in 08/2025–09/2025. Investors typically view transparent, documented trading plans more neutrally because they reduce timing questions, though concentrated insider selling can affect sentiment near-term.

Equity Markets Specialist

TL;DR: The size of recent insider proceeds (~$8.78M) and this additional $3.46M notice are measurable but small vs. total shares outstanding.

The filing shows 8,000 shares (~0.0058% of the stated 137,786,038 outstanding shares) planned for sale after option exercise. While the dollar amounts are meaningful for the seller, they represent a very small fraction of share capital.

Watch for the actual execution on 10/06/2025 and any disclosures that update the number sold or market impact; near-term price effects depend on trade execution size versus daily volume.

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	8000	3462400.00	137786038	10/06/2025	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	10/06/2025	Exercise of Stock Options	Issuer			8000	10/06/2025	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	09/17/2025	1580	662020.00
10b5-1 Sales for MARK A. SMITH 500 Jackson Street Columbus IN 47202	COMMON	09/16/2025	2671	1108465.00
10b5-1 Sales for MARK A. SMITH 500 Jackson Street Columbus IN 47202	COMMON	09/15/2025	4829	2004304.46
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 Cummins (CMI) Form 144 report on 10/06/2025?

It reports a proposed sale of 8,000 common shares via Morgan Stanley Smith Barney LLC with aggregate market value $3,462,400.00 and an approximate sale date of 10/06/2025.

How were the 8,000 Cummins shares acquired?

The filing states the shares were acquired on 10/06/2025 by exercise of stock options and payment was made in cash on the same date.

Has the seller made other recent sales of CMI stock?

Yes. The filing lists 10b5-1 sales of 21,580 shares on dates between 08/12/2025 and 09/17/2025, generating gross proceeds of about $8,777,289.46.

What fraction of outstanding shares is the 8,000-share notice?

The filing shows 137,786,038 shares outstanding, so 8,000 shares equal roughly 0.0058% of outstanding common shares.

Who is the broker handling the planned sale?

The broker named is Morgan Stanley Smith Barney LLC at 1 New York Plaza, 8th Floor, New York, NY.