Cummins Inc. (CMI) director William Miller logs multi-block share sale

Filing Impact

(Very High)

Filing Sentiment

(Very Negative)

Form Type

Rhea-AI Filing Summary

Cummins Inc. director William I. Miller reported multiple open‑market sales of company common stock on February 11, 2026. The Form 4 shows several transactions coded “S,” with share blocks sold at weighted‑average prices between about $591 and $604 per share.

After these sales, Miller directly owned 34,242.9438 Cummins common shares and indirectly owned 167 shares through “Child #3.” He also held 5,184.133 stock units, including dividend equivalents, under the Cummins Deferred Compensation Plan for Non‑Employee Directors.

Insider Trade Summary

Net Seller: 18,107 shares ($10,811,646)

Net Sell 11 txns

Insider MILLER WILLIAM I

Role Director

Sold 18,107 shs ($10.81M)

Type	Security	Shares	Price	Value
Sale	Common	40	$598.07	$24K
Sale	Common	501	$602.26	$302K
Sale	Common	1,476	$596.64	$881K
Sale	Common	1,608	$604.15	$971K
Sale	Common	1,697	$600.11	$1.02M
Sale	Common	1,810	$591.41	$1.07M
Sale	Common	1,909	$595.50	$1.14M
Sale	Common	2,000	$593.50	$1.19M
Sale	Common	7,066	$597.40	$4.22M
holding	Stock Units	--	--	--
holding	Common	--	--	--

Holdings After Transaction: Common — 52,309.944 shares (Direct); Stock Units — 5,184.133 shares (Direct); Common — 167 shares (Indirect, By Child #3)

Footnotes (1)

The price reported in Column 4 is a weighted average price. The shares were sold in multiple transactions at prices ranging from $602.23 - $602.45. The reporting person undertakes to provide to Cummins Inc., any security holder of Cummins Inc., or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the range indicated. The price reported in Column 4 is a weighted average price. The shares were sold in multiple transactions at prices ranging from $596.01 - $597.00. The reporting person undertakes to provide to Cummins Inc., any security holder of Cummins Inc., or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the range indicated. The price reported in Column 4 is a weighted average price. The shares were sold in multiple transactions at prices ranging from $604.00 - $604.15. The reporting person undertakes to provide to Cummins Inc., any security holder of Cummins Inc., or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the range indicated. The price reported in Column 4 is a weighted average price. The shares were sold in multiple transactions at prices ranging from $599.64 - $600.55. The reporting person undertakes to provide to Cummins Inc., any security holder of Cummins Inc., or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the range indicated. The price reported in Column 4 is a weighted average price. The shares were sold in multiple transactions at prices ranging from $591.10 - $591.87. The reporting person undertakes to provide to Cummins Inc., any security holder of Cummins Inc., or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the range indicated. The price reported in Column 4 is a weighted average price. The shares were sold in multiple transactions at prices ranging from $595.00 - $595.94. The reporting person undertakes to provide to Cummins Inc., any security holder of Cummins Inc., or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the range indicated. The price reported in Column 4 is a weighted average price. The shares were sold in multiple transactions at prices ranging from $593.29 - $593.91. The reporting person undertakes to provide to Cummins Inc., any security holder of Cummins Inc., or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the range indicated. The price reported in Column 4 is a weighted average price. The shares were sold in multiple transactions at prices ranging from $597.01 - $597.94. The reporting person undertakes to provide to Cummins Inc., any security holder of Cummins Inc., or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the range indicated. Includes 307.6142 dividend equivalent shares credited under the Cummins Inc. Deferred Compensation Plan for Non-Employee Directors since the most recently filed Form 4. These securities generally do not carry a conversion price, exercise date or expiration date. Includes 47.5098 dividend equivalent shares credited under the Cummins Inc. Deferred Compensation Plan for Non-Employee Directors since the most recently filed Form 4.

Form 4 Insider Transactions: What Each Field Means →

02/13/2026 - 05:54 PM

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^*

MILLER WILLIAM I

(Last)

(First)

(Middle)

500 JACKSON STREET

(Street)

COLUMBUS

47201

(City)

(State)

(Zip)

2. Issuer Name and Ticker or Trading Symbol
CUMMINS INC [ CMI ]

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)
02/11/2026

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)
1. Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	Code	V	Amount	(A) or (D)	Price		6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)
Common	02/11/2026		S		40	D	$598.07	52,309.9438	D
Common	02/11/2026		S		501	D	$602.26⁽¹⁾	51,808.9438	D
Common	02/11/2026		S		1,476	D	$596.64⁽²⁾	50,332.9438	D
Common	02/11/2026		S		1,608	D	$604.15⁽³⁾	48,724.9438	D
Common	02/11/2026		S		1,697	D	$600.11⁽⁴⁾	47,027.9438	D
Common	02/11/2026		S		1,810	D	$591.41⁽⁵⁾	45,217.9438	D
Common	02/11/2026		S		1,909	D	$595.5⁽⁶⁾	43,308.9438	D
Common	02/11/2026		S		2,000	D	$593.5⁽⁷⁾	41,308.9438	D
Common	02/11/2026		S		7,066	D	$597.4⁽⁸⁾	34,242.9438⁽⁹⁾	D
Common								167	I	By Child #3

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)
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)	Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares	8. Price of Derivative Security (Instr. 5)		10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)
Stock Units	⁽¹⁰⁾							⁽¹⁰⁾	⁽¹⁰⁾	Common	5,184.133		5,184.133⁽¹¹⁾	D

Explanation of Responses:

1. The price reported in Column 4 is a weighted average price. The shares were sold in multiple transactions at prices ranging from $602.23 - $602.45. The reporting person undertakes to provide to Cummins Inc., any security holder of Cummins Inc., or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the range indicated.

2. The price reported in Column 4 is a weighted average price. The shares were sold in multiple transactions at prices ranging from $596.01 - $597.00. The reporting person undertakes to provide to Cummins Inc., any security holder of Cummins Inc., or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the range indicated.

3. The price reported in Column 4 is a weighted average price. The shares were sold in multiple transactions at prices ranging from $604.00 - $604.15. The reporting person undertakes to provide to Cummins Inc., any security holder of Cummins Inc., or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the range indicated.

4. The price reported in Column 4 is a weighted average price. The shares were sold in multiple transactions at prices ranging from $599.64 - $600.55. The reporting person undertakes to provide to Cummins Inc., any security holder of Cummins Inc., or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the range indicated.

5. The price reported in Column 4 is a weighted average price. The shares were sold in multiple transactions at prices ranging from $591.10 - $591.87. The reporting person undertakes to provide to Cummins Inc., any security holder of Cummins Inc., or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the range indicated.

6. The price reported in Column 4 is a weighted average price. The shares were sold in multiple transactions at prices ranging from $595.00 - $595.94. The reporting person undertakes to provide to Cummins Inc., any security holder of Cummins Inc., or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the range indicated.

7. The price reported in Column 4 is a weighted average price. The shares were sold in multiple transactions at prices ranging from $593.29 - $593.91. The reporting person undertakes to provide to Cummins Inc., any security holder of Cummins Inc., or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the range indicated.

8. The price reported in Column 4 is a weighted average price. The shares were sold in multiple transactions at prices ranging from $597.01 - $597.94. The reporting person undertakes to provide to Cummins Inc., any security holder of Cummins Inc., or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the range indicated.

9. Includes 307.6142 dividend equivalent shares credited under the Cummins Inc. Deferred Compensation Plan for Non-Employee Directors since the most recently filed Form 4.

10. These securities generally do not carry a conversion price, exercise date or expiration date.

11. Includes 47.5098 dividend equivalent shares credited under the Cummins Inc. Deferred Compensation Plan for Non-Employee Directors since the most recently filed Form 4.

	/s/ Nicole Y. Lamb-Hale, Attorney-in-Fact	02/13/2026
	** 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).
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.

Source: View Original Filing on SEC EDGAR

FAQ

What did Cummins (CMI) director William I. Miller report in this Form 4?

Director William I. Miller reported several open‑market sales of Cummins common stock on February 11, 2026. The transactions reduced his direct holdings but he continues to own common shares, indirect shares via a child, and stock units under a deferred compensation plan.

How many Cummins shares does William I. Miller own after the reported transactions?

After the reported sales, William I. Miller directly owns 34,242.9438 Cummins common shares. He also indirectly owns 167 common shares held “By Child #3” and 5,184.133 stock units credited under the Cummins Deferred Compensation Plan for Non‑Employee Directors.

What type of transactions did William I. Miller execute in Cummins (CMI) stock?

The filing shows multiple transactions coded “S,” indicating open‑market or private sales of Cummins common stock. Each block of shares was sold at a weighted‑average price, with detailed price ranges available upon request from the company or the reporting person.

At what prices did the Cummins (CMI) director sell his shares?

The reported weighted‑average sale prices for Cummins common shares range from about $591.41 to $604.15 per share. Footnotes explain that each figure represents a weighted average of multiple trades within narrow price ranges on February 11, 2026.

What Cummins deferred compensation holdings does William I. Miller report?

Miller reports 5,184.133 stock units under the Cummins Deferred Compensation Plan for Non‑Employee Directors. This amount includes 47.5098 dividend equivalent shares credited since his most recently filed Form 4, and the units generally have no exercise price or expiration date.

Does the Cummins (CMI) Form 4 mention dividend equivalent shares for Miller?

Yes. The Form 4 notes 307.6142 dividend equivalent shares credited to Miller’s common stock holdings and 47.5098 dividend equivalent shares added to his stock units. These credits were made under the Cummins Deferred Compensation Plan for Non‑Employee Directors since his prior Form 4.