[Form 4] Cummins Inc. Insider Trading Activity

Rhea-AI Filing Summary

Cummins Inc. director Karen H. Quintos reported sales of Cummins common stock on 08/19/2025. The Form 4 shows two sale entries: 10 shares sold at $404.69 and 1,297 shares sold at a weighted-average price of $405.3307, with the latter executed across multiple prices between $405.0950 and $405.79. Following the reported transactions, the filing discloses beneficial ownership reported indirectly by a revocable trust of 6,523.6887 shares in one line and 5,226.6887 shares in the other line. The explanation notes that 3,772.914 shares were transferred from direct ownership into the revocable trust and that 2.6928 dividend-equivalent shares were credited under the company deferred compensation plan for non-employee directors. The Form 4 is signed by an attorney-in-fact on 08/20/2025.

Positive

• Timely and detailed disclosure of sale prices, weighted-average range, and the transfer into a revocable trust
• Explanation included for the change in beneficial ownership (transfer of 3,772.914 shares and 2.6928 dividend-equivalent shares)

Negative

• Insider sale reported: 1,307 shares sold on 08/19/2025 (10 shares at $404.69 and 1,297 shares at a weighted-average $405.3307)

Insights

Securities Analyst

TL;DR: Director reported routine disposition of shares and a transfer into a revocable trust; filings appear complete and transparent.

The Form 4 documents sales totaling 1,307 shares on 08/19/2025 at reported prices around $404.69–$405.33. The filing also discloses a transfer of 3,772.914 shares from direct to indirect ownership via a revocable trust and the crediting of 2.6928 dividend-equivalent shares under the non-employee directors' deferred compensation plan. These details allow investors to reconcile changes in reported beneficial ownership and observe that the reporting person remains an indirect beneficial owner of multiple thousand shares.

Corporate Governance Expert

TL;DR: Disclosure covers both sales and an ownership-structure change; the Form 4 includes necessary explanatory detail.

The filing identifies Karen H. Quintos as a director and provides transaction prices, a disclosed weighted-average price range for the larger sale, and a clear explanation that a portion of shares moved into a revocable trust. The Form 4 was executed by an attorney-in-fact and includes the explanatory note required to request per-price breakdowns. From a governance perspective, the report supplies the transparency expected for Section 16 reporting.

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
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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^*

Quintos Karen H

(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)

X	Director		10% Owner
	Officer (give title below)		Other (specify below)

3. Date of Earliest Transaction (Month/Day/Year)
08/19/2025

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	08/19/2025		S		10	D	$404.69	6,523.6887(1)	I	By Trust
Common	08/19/2025		S		1,297	D	$405.3307(2)	5,226.6887	I	By Trust

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

Explanation of Responses:

1. Includes 3,772.914 shares previously held directly that were transferred to a revocable trust and are now held indirectly, plus 2.6928 dividend equivalent shares credited under the Cummins Inc. Deferred Compensation Plan for Non-Employee Directors since the most recently filed Form 4.

2. The price reported in Column 4 is a weighted average price. The shares were sold in multiple transactions at prices ranging from $405.0950 - $405.79. 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	08/20/2025
	** 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 transactions did Karen H. Quintos report on Form 4 for CMI?

She reported sales on 08/19/2025: 10 shares at $404.69 and 1,297 shares at a weighted-average price of $405.3307.

How many Cummins (CMI) shares does the filing show Karen Quintos beneficially owning after the transactions?

Beneficial ownership reported indirectly by trust: 6,523.6887 shares in one entry and 5,226.6887 shares in the other entry.

Was there a change in how Karen Quintos holds her Cummins shares?

Yes. The filing states 3,772.914 shares were transferred from direct ownership into a revocable trust, and 2.6928 dividend-equivalent shares were credited under the deferred compensation plan for non-employee directors.

What price range did the larger sale of Cummins shares occur at?

Prices ranged from $405.0950 to $405.79 for the multiple transactions that produced the weighted-average price of $405.3307.

Who signed the Form 4 and when?

The Form 4 was signed by Nicole Y. Lamb-Hale, Attorney-in-Fact, on 08/20/2025.