Cummins executive sells 701 shares of common stock

Cummins Inc. vice president Brett Michael Merritt reported an open-market sale of company stock.

Rhea-AI Filing Summary

Cummins Inc. vice president Brett Michael Merritt reported an open-market sale of company stock. On May 11, 2026, he sold 701.4980 shares of Common Stock in an open-market transaction at an average price of $688.7450 per share.

After this sale, Merritt directly holds 10,404.0000 Common shares. He also has an indirect interest reported as 113.4932 units in the Cummins Stock Fund through the company’s 401(k) plan. The footnote explains this fund is a unitized account consisting of approximately 98% common stock and 2% cash or cash equivalents, so the exact number of underlying shares for the 401(k) interest is not known.

Insights

Equity Compensation & Insider Trading Analyst

Executive sells a small portion of holdings while retaining a sizable stake.

Brett Michael Merritt, a senior executive at Cummins Inc., executed an open-market sale of 701.4980 Common shares at $688.7450 per share. The filing classifies this as a standard open-market sale transaction (code S).

Following the sale, Merritt still directly owns 10,404.0000 shares, indicating that the disposition represents only a fraction of his reported equity position. The filing shows no derivative exercises and no remaining derivative positions in the derivativeSummary, suggesting this was not part of an option exercise-and-sell pattern.

The filing also lists an indirect retirement-plan interest of 113.4932 units in the Cummins Stock Fund under the company 401(k) plan. Because the fund is a unitized account holding roughly 98% stock and 2% cash, the exact number of underlying shares for that position is not provided, and the holding is primarily a retirement-plan investment rather than a direct trading decision.

Insider Trade Summary

Net Seller: 701.498 shares

Net Sell 2 txns

Insider Merritt Brett Michael

Role V.P & Pres. - Engine Business

Sold 701.498 shs ($483K)

Type	Security	Shares	Price	Value
Sale	Common	701.498	$688.745	$483K
holding	Common	--	--	--

Holdings After Transaction: Common — 10,404 shares (Direct); Common — 113.4932 shares (Indirect, By 401(k) Plan)

Footnotes (1)

1. F1. 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: 701.4980 shares Sale price per share: $688.7450 per share Direct holdings after sale: 10,404.0000 shares +2 more

5 metrics

Shares sold 701.4980 shares Open-market sale of Cummins Common Stock on May 11, 2026

Sale price per share $688.7450 per share Average price for the 701.4980 sold shares

Direct holdings after sale 10,404.0000 shares Cummins Common Stock directly owned by Merritt post-transaction

Indirect 401(k) units 113.4932 units Interest in Cummins Stock Fund under company 401(k) plan

Stock fund composition 98% stock, 2% cash Approximate allocation of Cummins Stock Fund in 401(k)

Key Terms

open-market sale, 401(k) plan, unitized account

3 terms

open-market sale financial

"the 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.

401(k) plan financial

"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.

unitized account financial

"the Cummins Stock Fund is a unitized account consisting of approximately 98% common stock and 2% cash"

FAQ

AI-generated questions and answers. How Rhea-AI works. Not financial advice.

What insider transaction did Cummins (CMI) report for Brett Michael Merritt?

Cummins reported that executive Brett Michael Merritt sold 701.4980 shares of Common Stock in an open-market transaction. The sale occurred on May 11, 2026 at an average price of $688.7450 per share, according to the Form 4 filing.

How many Cummins (CMI) shares does Brett Michael Merritt hold after this Form 4?

After the reported sale, Brett Michael Merritt directly holds 10,404.0000 shares of Cummins Common Stock. The Form 4 also shows an indirect interest equivalent to 113.4932 units in the Cummins Stock Fund within the company’s 401(k) plan.

What was the sale price in Brett Michael Merritt’s Cummins (CMI) Form 4 transaction?

The open-market sale by Brett Michael Merritt was executed at an average price of $688.7450 per Cummins Common share. The transaction involved 701.4980 shares, as disclosed in the Form 4 insider trading report filed with regulators.

Does Brett Michael Merritt have indirect Cummins (CMI) holdings through a 401(k) plan?

Yes. The Form 4 reports an indirect interest of 113.4932 units in the Cummins Stock Fund under the company’s 401(k) plan. This unitized account is approximately 98% Cummins common stock and 2% cash or cash equivalents, so exact share count is not specified.

Was the Cummins (CMI) Form 4 transaction an open-market sale or option exercise?

The Form 4 classifies the transaction as an open-market sale (code S) of Common Stock, not an option exercise. No derivative exercises are shown in the derivative section, and the transaction is labeled a non-derivative open-market sale in the filing data.

AI-generated analysis. How Rhea-AI works. Not financial advice.

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Accepted by SEC EDGAR 05/12/2026 - 08:20 PM Learn about SEC filing dates

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^*

Merritt Brett Michael

(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)
	V.P & Pres. - Engine Business

2a. Foreign Trading Symbol

3. Date of Earliest Transaction (Month/Day/Year)
05/11/2026

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	05/11/2026		S		701.498	D	$688.745	10,404	D
Common								113.4932	I	By 401(k) Plan(1)

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. 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	05/12/2026
	** 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)