[Form 4] CUMMINS INC Insider Trading Activity

Rhea-AI Filing Summary

Cummins (CMI) reported insider activity by its VP - Chief Financial Officer. On 10/30/2025, the officer exercised stock options for 200 shares at $142.12 (code M) and sold 200 common shares at a weighted average price of $449.095 (code S).

Following these transactions, direct beneficial ownership stood at 31,582 common shares. The filing also shows 13,110 stock options remaining outstanding, originally exercisable from 04/06/2023 and expiring on 04/06/2030. The sale price reflects multiple trades between $449.00 and $449.19.

Insights

Corporate governance analyst

Routine Form 4: small option exercise paired with a same-day sale.

The Cummins CFO exercised 200 stock options at $142.12 and sold 200 shares at a weighted average of $449.095 on 10/30/2025. This sequence commonly reflects covering or portfolio management alongside option exercises.

Post-transaction, direct holdings are 31,582 shares, with 13,110 options remaining that were first exercisable on 04/06/2023 and expire on 04/06/2030. The sale occurred across multiple trades between $449.00 and $449.19.

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).

X

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^*

Smith Mark Andrew

(Last) (First) (Middle)

500 JACKSON STREET

(Street)

COLUMBUS IN 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)

	Director		10% Owner
X	Officer (give title below)		Other (specify below)
	VP - Chief Financial Officer

3. Date of Earliest Transaction (Month/Day/Year)
10/30/2025

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	10/30/2025		M		200	A	$142.12	31,782	D
Common	10/30/2025		S		200	D	$449.095(1)	31,582	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
Stock Option (Right-to-Buy)	$142.12	10/30/2025		M			200	04/06/2023	04/06/2030	Common	200	$0.0000	13,110	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 $449.00 - $449.19. 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.

	/s/ Nicole Y. Lamb-Hale, Attorney-in-Fact	10/31/2025
	** 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 transaction did Cummins (CMI) report?

The CFO exercised 200 stock options at $142.12 and sold 200 common shares at a weighted average of $449.095 on 10/30/2025.

How many Cummins (CMI) shares does the CFO own after the transactions?

Direct beneficial ownership is 31,582 common shares following the reported transactions.

At what prices were the Cummins (CMI) trades executed?

Option exercise price was $142.12. The share sale had a weighted average price of $449.095, with trades between $449.00 and $449.19.

What do the Form 4 transaction codes M and S mean for CMI?

Code M indicates an option exercise; code S indicates an open market or private sale of non-derivative securities.

How many options remain for the Cummins (CMI) CFO?

13,110 stock options remain outstanding, first exercisable on 04/06/2023 and expiring on 04/06/2030.

What is the date of the earliest transaction reported for CMI?

The earliest transaction date reported is 10/30/2025.