Cummins (CMI) HR chief sells 3,481 shares in multiple open-market trades

Filing Impact

(Very High)

Filing Sentiment

(Negative)

Form Type

Rhea-AI Filing Summary

Cummins Inc. vice president and CHRO Marvin Boakye reported selling 3,481 shares of Cummins common stock in open-market transactions. The sales took place on May 8, 2026 across five separate trades. Reported sale prices reflect weighted averages from multiple executions.

The Form 4 shows non-derivative sales of common shares at weighted average prices, with underlying trades occurring in ranges from about $678.01 to $682.82 per share, according to the footnotes. After these transactions, Boakye continues to hold a remaining direct equity stake in Cummins, although the exact holding level is not detailed here as a single figure.

Insider Trade Summary

Net Seller: 3,481 shares ($2,366,730)

Net Sell 5 txns

Insider Boakye Marvin

Role VP - CHRO

Sold 3,481 shs ($2.37M)

Type	Security	Shares	Price	Value
Sale	Common	240	$682.62	$164K
Sale	Common	360	$681.40	$245K
Sale	Common	769	$679.32	$522K
Sale	Common	1,000	$680.63	$681K
Sale	Common	1,112	$678.57	$755K

Holdings After Transaction: Common — 11,749 shares (Direct, null)

Footnotes (1)

The price reported in Column 4 is a weighted average price. The shares were sold in multiple transactions at prices ranging from $682.36 - $682.82. 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 $681.00 - $681.93. 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 $679.03 - $679.98. 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 $680.05 - $680.96. 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 $678.01 - $678.99. 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: 3,481 shares Transaction count: 5 transactions Lowest sale range price: $678.01/share +2 more

5 metrics

Shares sold 3,481 shares Total Cummins common shares sold by Marvin Boakye on May 8, 2026

Transaction count 5 transactions Number of open-market sale entries in the Form 4

Lowest sale range price $678.01/share Lower bound of reported execution price ranges in footnotes

Highest sale range price $682.82/share Upper bound of reported execution price ranges in footnotes

Largest single trade size 1,112 shares One of the reported non-derivative open-market sales of common stock

Key Terms

open-market sale, non-derivative, weighted average price, Form 4, +1 more

5 terms

open-market sale financial

"Each transaction is described as an open-market sale of common stock."

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.

non-derivative financial

"The transactions are classified as non-derivative holdings of Cummins common shares."

weighted average price financial

"Footnotes state the price reported is a weighted average price from multiple executions."

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.

Form 4 regulatory

"The insider activity is disclosed in a Form 4 filed for Cummins Inc."

Form 4 is a official document that company insiders, such as executives or major shareholders, file with regulators whenever they buy or sell company shares. It provides transparency about how those with inside knowledge are trading, helping investors see if insiders are confident in the company's prospects or may be selling for personal reasons. This information can influence investor decisions by revealing insiders' perspectives on the company's value.

Common financial

"Security title is listed as Common, referring to Cummins common stock."

Form 4 Insider Transactions: What Each Field Means →

05/11/2026 - 05:07 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^*

Boakye Marvin

(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 - CHRO

2a. Foreign Trading Symbol

3. Date of Earliest Transaction (Month/Day/Year)
05/08/2026

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	05/08/2026		S		240	D	$682.62⁽¹⁾	11,749	D
Common	05/08/2026		S		360	D	$681.4⁽²⁾	11,389	D
Common	05/08/2026		S		769	D	$679.32⁽³⁾	10,620	D
Common	05/08/2026		S		1,000	D	$680.63⁽⁴⁾	9,620	D
Common	05/08/2026		S		1,112	D	$678.57⁽⁵⁾	8,508	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)
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 $682.36 - $682.82. 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 $681.00 - $681.93. 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 $679.03 - $679.98. 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 $680.05 - $680.96. 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 $678.01 - $678.99. 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	05/11/2026
	** 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) executive Marvin Boakye report?

Marvin Boakye reported selling 3,481 Cummins common shares in the open market. The Form 4 shows five non-derivative stock sales on May 8, 2026, all classified as open-market transactions, reflecting routine insider portfolio activity rather than option exercises or gifts.

How many Cummins (CMI) shares did Marvin Boakye sell and on what date?

Boakye sold a total of 3,481 Cummins common shares on May 8, 2026. The filing aggregates five separate non-derivative transactions executed the same day, each reported with its own share amount, price, and updated direct ownership position.

At what prices were Marvin Boakye’s Cummins (CMI) shares sold?

The reported prices are weighted averages from multiple executions per trade. Footnotes state that individual sales occurred in ranges between about $678.01 and $682.82 per share, and Boakye offers to provide detailed breakdowns of shares sold at each specific price upon request.

What role does Marvin Boakye hold at Cummins (CMI) in this Form 4?

In the Form 4, Marvin Boakye is listed as an officer, serving as VP – CHRO. CHRO stands for Chief Human Resources Officer, indicating he is a senior executive with direct ownership of the reported Cummins common stock subject to these open-market sales.

Were Marvin Boakye’s Cummins (CMI) stock sales part of derivative exercises?

No, the reported transactions involve only non-derivative Cummins common stock. The filing’s derivativeSummary is empty, and each entry is coded as a non-derivative open-market sale, not as an option exercise, conversion, tax withholding, or other derivative-related event.

How many separate transactions did the Cummins (CMI) Form 4 disclose for Marvin Boakye?

The Form 4 discloses five separate open-market sale transactions. TransactionSummary in the data shows a sellCount of five, aggregating 3,481 shares sold, with no reported purchases, derivative exercises, gifts, tax withholdings, or restructuring-related transfers in this filing.