[Form 4] CUMMINS INC Insider Trading Activity

Rhea-AI Filing Summary

Cummins Inc. (CMI) disclosed insider activity by its VP - Chief Financial Officer on 11/06/2025. The reporting person exercised 13,110 stock options at $142.12 and sold 13,110 common shares in multiple trades at weighted average prices, including $467.37 and $476.9873.

After the transactions, the reporting person directly owns 31,582 shares. The exercised options were from a grant expiring on 04/06/2030.

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)
11/06/2025

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	11/06/2025		M		13,110	A	$142.12	44,692	D
Common	11/06/2025		S		800	D	$469.6867(1)	43,892	D
Common	11/06/2025		S		803	D	$475.0159(2)	43,089	D
Common	11/06/2025		S		975	D	$476.9873(3)	42,114	D
Common	11/06/2025		S		1,320	D	$470.8804(4)	40,794	D
Common	11/06/2025		S		3,902	D	$472.7996(5)	36,892	D
Common	11/06/2025		S		5,310	D	$467.37	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	11/06/2025		M			13,110	04/06/2023	04/06/2030	Common	13,110	$0.0000	0.0000	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 $469.27 - $470.23. 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 $475.00 - $475.04. 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 $476.98 - $477.00. 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.

4. The price reported in Column 4 is a weighted average price. The shares were sold in multiple transactions at prices ranging from $470.27 - $471.12. 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 $472.25 - $473.06. 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	11/10/2025
	** 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 CMI report?

The VP - Chief Financial Officer exercised 13,110 options at $142.12 and sold 13,110 common shares on 11/06/2025.

What prices were the Cummins (CMI) shares sold at?

Sales were executed at weighted average prices, including $467.37 and $476.9873, across multiple trades.

How many Cummins (CMI) shares does the reporting person now own?

Following the transactions, the reporting person directly owns 31,582 shares.

What was the exercise price and amount for the options?

The reporting person exercised 13,110 options at an exercise price of $142.12.

When do the exercised options expire?

The stock option grant has an expiration date of 04/06/2030.

What is the role of the reporting person at Cummins (CMI)?

The reporting person is an Officer, specifically the VP - Chief Financial Officer.