Cummins (NYSE: CMI) VP sells 730 shares and still holds 8,315

Rhea-AI Filing Summary

Cummins Inc. vice president Donald G. Jackson reported open-market sales of 730 shares of common stock. The shares were sold on May 14, 2026 in multiple transactions at weighted average prices around $710–$713 per share, as detailed in the footnotes.

After these sales, he directly holds 8,315.639 common shares and has an additional 215.4668 shares indirectly through the company 401(k) plan. He also retains stock options covering 1,600 common shares with exercise prices of $142.12 and $169.83 expiring in 2030, indicating a remaining equity stake alongside the routine disposition.

Insights

Equity compensation analyst

VP executes modest open-market sale while keeping sizable equity stake.

The filing shows Donald G. Jackson, VP – Treasury & Tax at Cummins Inc., sold 730 common shares in open-market transactions around $710–$713 per share on May 14, 2026. These are discretionary sales coded as open-market disposals.

Following the sales, he still directly owns 8,315.639 common shares and indirectly holds 215.4668 shares via the company 401(k) plan. He also maintains stock options over 1,600 shares with exercise prices of $142.12 and $169.83 expiring in 2030, so the sale represents a minority of his visible equity exposure.

The footnotes clarify that reported prices are weighted averages from multiple trades within narrow ranges, a common execution pattern for larger orders. The transactions appear as routine portfolio or liquidity management rather than a transformative change in insider ownership, and future filings may provide additional context if his position changes materially.

Insider Trade Summary

Net Seller: 730 shares ($518,975)

Net Sell 6 txns

Insider JACKSON DONALD G

Role VP - Treasury & Tax

Sold 730 shs ($519K)

Type	Security	Shares	Price	Value
Sale	Common	90	$712.6961	$64K
Sale	Common	160	$711.61	$114K
Sale	Common	480	$710.3633	$341K
holding	Stock Option (Right-to-Buy)	--	--	--
holding	Stock Option (Right-to-Buy)	--	--	--
holding	Common	--	--	--

Holdings After Transaction: Common — 8,955.639 shares (Direct, null); Stock Option (Right-to-Buy) — 1,330 shares (Direct, null); Common — 215.467 shares (Indirect, By 401(k) Plan)

Footnotes (1)

1. The price reported in Column 4 is a weighted average price. The shares were sold in multiple transactions at prices ranging from $712.66 - $712.7250. 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 $710.3550 - $710.37. 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 number of shares is based on the dollar value of the reporting person's interest in the Cummins Stock Fund under the Company's 401(k) plan as most recently provided by the plan. The actual number of shares underlying the interest is not known since the Cummins Stock Fund is a unitized account consisting of approximately 98% common stock and 2% cash or cash equivalents.

Key Figures

Shares sold: 730 shares Sale price range 1: $710.3550–$710.37 per share Sale price range 2: $712.66–$712.7250 per share +4 more

7 metrics

Shares sold 730 shares Total common shares sold on May 14, 2026

Sale price range 1 $710.3550–$710.37 per share Weighted average sale price range from footnote F2

Sale price range 2 $712.66–$712.7250 per share Weighted average sale price range from footnote F1

Direct holdings after sale 8,315.639 shares Common shares directly owned after transactions

Indirect 401(k) holding 215.4668 shares Interest in Cummins Stock Fund under 401(k) plan

Option position 1 270 shares at $169.83 Stock option exercise price, expires June 1, 2030

Option position 2 1,330 shares at $142.12 Stock option exercise price, expires April 6, 2030

Key Terms

weighted average price, unitized account, Stock Option (Right-to-Buy), 401(k) plan, +1 more

5 terms

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.

unitized account financial

"The Cummins Stock Fund is a unitized account consisting of approximately 98% common stock and 2% cash or cash equivalents."

Stock Option (Right-to-Buy) financial

"security_title: Stock Option (Right-to-Buy) with underlying common shares and specified exercise prices."

401(k) plan financial

"The number of shares is based on the dollar value of the reporting person's interest in the Cummins Stock Fund under the Company's 401(k) plan."

A 401(k) plan is a workplace retirement account that lets employees set aside part of their pay into a tax-advantaged savings pot, often with employers adding matching contributions — like a workplace piggy bank for future income. It matters to investors because the amount people save and how employers fund these plans influence consumer spending, corporate payroll costs and the flow of money into financial markets, which can affect stock prices and company valuations.

open-market sale financial

"transaction_action: open-market sale for common stock transactions coded as S."

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.

Form 4 Insider Transactions: What Each Field Means →

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^*

JACKSON DONALD G

(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 - Treasury & Tax

2a. Foreign Trading Symbol

3. Date of Earliest Transaction (Month/Day/Year)
05/14/2026

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)
			Code	V	Amount	(A) or (D)	Price
Common	05/14/2026		S		90	D	$712.6961(1)	8,955.639	D
Common	05/14/2026		S		160	D	$711.61	8,795.639	D
Common	05/14/2026		S		480	D	$710.3633(2)	8,315.639	D
Common								215.4668(3)	I	By 401(k) Plan

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							04/06/2023	04/06/2030	Common	1,330		1,330	D
Stock Option (Right-to-Buy)	$169.83							06/01/2023	06/01/2030	Common	270		270	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 $712.66 - $712.7250. 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 $710.3550 - $710.37. 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 number of shares is based on the dollar value of the reporting person's interest in the Cummins Stock Fund under the Company's 401(k) plan as most recently provided by the plan. The actual number of shares underlying the interest is not known since the Cummins Stock Fund is a unitized account consisting of approximately 98% common stock and 2% cash or cash equivalents.

	/s/ Nicole Y. Lamb-Hale, Attorney-in-Fact	05/14/2026
	** 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)

FAQ

How many Cummins (CMI) shares did Donald G. Jackson sell in this Form 4?

Donald G. Jackson sold 730 shares of Cummins common stock. The transactions occurred on May 14, 2026 across several open-market trades coded as sales, with prices around $710–$713 per share according to the Form 4 details and footnotes.

What prices did the Cummins (CMI) VP receive for the shares sold?

The reported prices are weighted averages from multiple trades. Footnotes show ranges of $710.3550–$710.37 and $712.66–$712.7250 per share, indicating execution through several small open-market transactions clustered within tight price bands on the same trading day.

How many Cummins (CMI) shares does Donald G. Jackson hold after the reported sales?

After the sales, he directly holds 8,315.639 Cummins common shares. In addition, the Form 4 shows an indirect interest equal to 215.4668 shares through the company 401(k) plan’s Cummins Stock Fund, based on the most recent plan valuation information provided.

What stock options on Cummins (CMI) does Donald G. Jackson still own?

He retains two stock option positions on Cummins common stock. One covers 270 underlying shares at an exercise price of $169.83, expiring on June 1, 2030; the other covers 1,330 shares at $142.12, expiring on April 6, 2030.

How is Donald G. Jackson’s Cummins (CMI) 401(k) holding reported in this filing?

The filing reports an indirect holding of 215.4668 shares through the Cummins Stock Fund in the company’s 401(k) plan. A footnote explains this figure is derived from the dollar value of his interest in a unitized account holding mostly Cummins stock and some cash equivalents.

Does this Cummins (CMI) Form 4 indicate any stock option exercises by the VP?

The Form 4 lists stock options as holdings but shows no option exercises on the reported date. The derivative entries are coded as holdings, with exercise prices and 2030 expiration dates, indicating the options remain outstanding rather than being exercised in this transaction.