Sherry A. Aaholm - Feb 22, 2023 Form 4 Insider Report for CUMMINS INC (CMI)

Role
VP - Chief Digital Officer
Signature
/s/ Sharon Barner, Attorney-in-Fact
Stock symbol
CMI
Transactions as of
Feb 22, 2023
Transactions value $
-$143,490
Form type
4
Date filed
2/23/2023, 02:27 PM
Previous filing
May 19, 2022
Next filing
Mar 3, 2023

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction CMI Common Options Exercise $354K +3.34K +58.07% $105.94 9.09K Feb 22, 2023 Direct
transaction CMI Common Tax liability -$497K -1.99K -21.88% $250.04 7.1K Feb 22, 2023 Direct F1

Derivative Securities (e.g., puts, calls, warrants, options, convertible securities)

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Underlying Class Amount Exercise Price Ownership Footnotes
transaction CMI Stock Option (Right-to-Buy) Options Exercise $0 -3.34K -100% $0.00* 0 Feb 22, 2023 Common 3.34K $105.94 Direct
holding CMI Stock Option (Right-to-Buy) 6.79K Feb 22, 2023 Common 6.79K $109.09 Direct
holding CMI Stock Option (Right-to-Buy) 3.13K Feb 22, 2023 Common 3.13K $136.82 Direct
holding CMI Stock Option (Right-to-Buy) 5.86K Feb 22, 2023 Common 5.86K $142.12 Direct
holding CMI Stock Option (Right-to-Buy) 2.49K Feb 22, 2023 Common 2.49K $149.34 Direct
holding CMI Stock Option (Right-to-Buy) 5.01K Feb 22, 2023 Common 5.01K $149.72 Direct
holding CMI Stock Option (Right-to-Buy) 3.48K Feb 22, 2023 Common 3.48K $160.10 Direct
holding CMI Stock Option (Right-to-Buy) 5.56K Feb 22, 2023 Common 5.56K $163.43 Direct
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 The stock options exercised and reported on this Form 4 were exercised in "sell-to-cover" transactions with respect to stock options that were set to expire in the near term. Any shares sold in such transactions were sold solely to cover the exercise price, fees and taxes associated with the stock option exercises.