Cummins (CMI) VP Bush records 5,000-share open-market stock sale

Filing Impact

(Very High)

Filing Sentiment

(Negative)

Form Type

Rhea-AI Filing Summary

Cummins Inc. executive Jennifer Mary Bush, VP & President – Power Systems, reported open-market sales of 5,000 shares of Cummins common stock. The sales occurred on May 12, 2026 in several separate transactions at reported prices between $694.13 and $699.10 per share.

After these sales, Bush directly holds 11,986.167 Cummins shares. The filing also notes an additional 169 shares held indirectly through her spouse. Reported per-share prices are weighted averages, with underlying trades executed in narrow price ranges, as described in the footnotes.

Insider Trade Summary

Net Seller: 5,000 shares ($3,481,066)

Net Sell 7 txns

Insider Bush Jennifer Mary

Role VP & Pres. - Power Systems

Sold 5,000 shs ($3.48M)

Type	Security	Shares	Price	Value
Sale	Common	40	$699.10	$28K
Sale	Common	480	$698.38	$335K
Sale	Common	583	$696.26	$406K
Sale	Common	940	$694.13	$652K
Sale	Common	1,158	$695.21	$805K
Sale	Common	1,799	$697.29	$1.25M
holding	Common	--	--	--

Holdings After Transaction: Common — 16,946.167 shares (Direct, null); Common — 169 shares (Indirect, By Spouse)

Footnotes (1)

The price reported in Column 4 is a weighted average price. The shares were sold in multiple transactions at prices ranging from $698.03 - $698.89. 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 $695.91 - $696.87. 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 $693.79 - $694.67. 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 $694.83 - $695.80. 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 $696.96 - $697.88. 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.

Key Figures

Shares sold: 5,000 shares Sale price example: $697.29 per share Sale price range example: $698.03–$698.89 +3 more

6 metrics

Shares sold 5,000 shares Open-market sales on May 12, 2026

Sale price example $697.29 per share One reported weighted average sale price

Sale price range example $698.03–$698.89 Footnote price range for certain sales

Direct holdings after sale 11,986.167 shares Common stock directly owned after transactions

Indirect holdings by spouse 169 shares Common stock held indirectly through spouse

Number of sale transactions 6 transactions Non-derivative open-market sales with code S

Key Terms

open-market sale, weighted average price, non-derivative, Common, +1 more

5 terms

open-market sale financial

"transaction_action":"open-market sale""

An open-market sale is when a shareholder sells existing shares directly on a public exchange to any willing buyer, rather than through a private deal. Think of it like putting goods on a busy market stall where price is set by supply and demand; for investors it matters because such sales increase available supply, can put short-term downward pressure on the stock price, and signal changes in liquidity or investor confidence.

weighted average price financial

"The price reported in Column 4 is a weighted average price."

Weighted average price is the average price of a security where each trade or component is counted according to its size, so bigger trades pull the average more than smaller ones. Think of it like calculating the average cost of a grocery haul where items you bought more of have greater influence on the final per-item cost. Investors use it to understand the true average price paid or received, judge execution quality, and compare trading performance against market movement.

non-derivative financial

"transaction_type":"non-derivative""

Common financial

"security_title":"Common""

indirect financial

"ownership_type":"indirect""

Form 4 Insider Transactions: What Each Field Means →

05/13/2026 - 10:18 AM

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^*

Bush Jennifer Mary

(Last)

(First)

(Middle)

500 JACKSON STREET

(Street)

COLUMBUS

INDIANA

47201

(City)

(State)

(Zip)

UNITED STATES

(Country)

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 & Pres. - Power Systems

2a. Foreign Trading Symbol

3. Date of Earliest Transaction (Month/Day/Year)
05/12/2026

6. Individual or Joint/Group Filing (Check Applicable Line)

X	Form filed by One Reporting Person
	Form filed by More than One Reporting Person

4. If Amendment, Date of Original Filed (Month/Day/Year)

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	05/12/2026		S		40	D	$699.1	16,946.167	D
Common	05/12/2026		S		480	D	$698.38⁽¹⁾	16,466.167	D
Common	05/12/2026		S		583	D	$696.26⁽²⁾	15,883.167	D
Common	05/12/2026		S		940	D	$694.13⁽³⁾	14,943.167	D
Common	05/12/2026		S		1,158	D	$695.21⁽⁴⁾	13,785.167	D
Common	05/12/2026		S		1,799	D	$697.29⁽⁵⁾	11,986.167	D
Common								169	I	By Spouse

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)

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 $698.03 - $698.89. 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 $695.91 - $696.87. 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.

3. The price reported in Column 4 is a weighted average price. The shares were sold in multiple transactions at prices ranging from $693.79 - $694.67. 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 $694.83 - $695.80. 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 $696.96 - $697.88. 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	05/13/2026
	** 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.
* Form 4: SEC 1474 (03-26)

Source: View Original Filing on SEC EDGAR

FAQ

What insider transaction did Cummins (CMI) report for Jennifer Mary Bush?

Cummins reported that executive Jennifer Mary Bush completed open-market sales of 5,000 common shares. The trades occurred on May 12, 2026, and were disclosed in a Form 4 insider filing covering multiple separately executed transactions at closely clustered price ranges.

How many Cummins (CMI) shares did Jennifer Mary Bush sell and at what prices?

Jennifer Mary Bush sold a total of 5,000 Cummins common shares in multiple transactions. Reported transaction prices included $697.29, $695.21, $694.13, $696.26, $698.38 and $699.10 per share, each representing a weighted average of numerous individual trades within a narrow price band.

How many Cummins (CMI) shares does Jennifer Mary Bush hold after the reported sales?

After the reported sales, Jennifer Mary Bush directly holds 11,986.167 Cummins common shares. The Form 4 also shows an additional 169 shares held indirectly through her spouse, giving investors a clearer view of her remaining direct and indirect equity position in the company.

Were Jennifer Mary Bush’s Cummins (CMI) transactions open-market sales?

Yes, the Form 4 classifies the 5,000-share activity as non-derivative open-market sales. The transaction code is “S,” described as a sale in the open market or a private transaction, indicating these were straightforward share disposals rather than option exercises or other derivative activity.

What do the weighted average price footnotes mean in the Cummins (CMI) Form 4?

The footnotes explain that each reported price is a weighted average across many trades within a specified range. For example, some sales were executed between $698.03 and $698.89. On request, the reporting person will provide exact share counts at each individual execution price within those ranges.