[Form 4] Cummins Inc. Insider Trading Activity

Rhea-AI Filing Summary

Cummins Inc. (CMI) officer Luther E. Peters reported option exercise and share sales on 08/08/2025. Mr. Peters exercised 4,850 stock options at an exercise price of $109.09, creating 4,850 common shares. He then reported sales of 1,625 shares at a weighted average price of $389.846 and 3,225 shares at a weighted average price of $388.8556, all dated 08/08/2025.

After these transactions the filing shows Mr. Peters beneficially owns 7,693.443 shares directly and has an indirect interest of 568.6314 shares via the company 401(k) stock fund. The filing also lists outstanding stock option positions with exercise prices of $142.12 (2,665 shares), $149.72 (3,125 shares), $160.10 (2,175 shares) and $163.43 (3,085 shares). The Form 4 was signed by an attorney-in-fact on 08/12/2025.

Insights

Securities Analyst

TL;DR: Routine option exercise followed by sales; transaction sizes and prices are disclosed, resulting in modest remaining direct ownership.

The filing documents a same-day option exercise of 4,850 shares at $109.09 and subsequent sales totaling 4,850 shares at weighted average prices near $389. The report provides clear transaction dates and weighted-average sale prices and updates direct and indirect beneficial ownership. For valuation context, the filing does not provide proceeds or motives; this is a compliance disclosure that informs shareholders of insider activity but contains no operational or financial guidance.

Corporate Governance Expert

TL;DR: Disclosure is complete and timely for a Section 16 reporting event; shows an exercised option block and parallel disposals.

The Form 4 names the reporting person as Luther E. Peters, VP - Corporate Controller, and lists the relevant option exercise and share dispositions dated 08/08/2025. The filing explains weighted-average pricing ranges for the sales and clarifies an indirect holding via the 401(k) stock fund. From a governance perspective, the filing meets disclosure requirements by providing transaction codes, amounts, and post-transaction beneficial ownership levels; no additional governance issues or regulatory concerns are apparent from the text provided.

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^*

Peters Luther E

(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 - Corporate Controller

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

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	08/08/2025		M		4,850	A	$109.09	12,543.443(1)	D
Common	08/08/2025		S		1,625	D	$389.846(2)	10,918.443	D
Common	08/08/2025		S		3,225	D	$388.8556(3)	7,693.443	D
Common								568.6314(4)	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)	$109.09	08/08/2025		M			4,850	04/04/2019	04/04/2026	Common	4,850	$0.0000	0.0000	D
Stock Option (Right-to-Buy)	$142.12							04/06/2023	04/06/2030	Common	2,665		2,665	D
Stock Option (Right-to-Buy)	$149.72							04/03/2020	04/03/2027	Common	3,125		3,125	D
Stock Option (Right-to-Buy)	$160.1							04/03/2021	04/03/2028	Common	2,175		2,175	D
Stock Option (Right-to-Buy)	$163.43							04/04/2022	04/04/2029	Common	3,085		3,085	D

Explanation of Responses:

1. Reflects 42.032 shares that had been acquired in exempt transactions under an employee stock purchase plan and dividend reinvestment program but not previously reflected on a 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 $389.55 - $390.17. 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 $388.45 - $389.42. 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 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	08/12/2025
	** 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 Luther E. Peters report on the CMI Form 4?

The filing reports an exercise of 4,850 stock options at $109.09 on 08/08/2025 and sales of 1,625 and 3,225 shares at weighted average prices of $389.846 and $388.8556, respectively.

How many Cummins (CMI) shares does Mr. Peters beneficially own after the transactions?

The Form 4 shows Mr. Peters beneficially owns 7,693.443 shares directly and has an indirect interest of 568.6314 shares via the company 401(k) stock fund.

When were the transactions reported on the Form 4 dated?

All reported transactions are dated 08/08/2025, and the Form 4 was signed by an attorney-in-fact on 08/12/2025.

What option positions are disclosed on the Form 4 for Mr. Peters?

The filing lists option-related entries including 4,850 shares at $109.09, and additional listed option amounts at exercise prices $142.12 (2,665), $149.72 (3,125), $160.10 (2,175), and $163.43 (3,085).

Does the filing explain the sale price ranges for the dispositions?

Yes. The filing states the reported sale prices are weighted averages and provides the price ranges for the multiple transactions that produced those averages.