Insider trade

CFO sold ~$90K of CMI shares in the open market

Traded Oct 30, 2025 · Filed Oct 31, 2025

CumminsCMI

~$90K
Reported value · 200 sh @ $449.10: 32K
Holds after · shares reported: +19.5%
stock since the trade · S&P 500 +14.0%, $438.09 → $523.37 on Oct 5

Why it stands out

The money chief of Cummins sold $90K of Cummins shares. Nobody planned it ahead of time.

Written from the filing's own figures. OQRO describes what was reported and never tells you what to buy or sell

View the official recordSEC Form 4 — Statement of Changes in Beneficial Ownership

All the details

Dates, kept separate

Transaction date: Oct 30, 2025
Reporting period: Not applicable
Filed with the SEC: Oct 31, 2025

CFO$25K–$100K

Context

Classification

open market sale

Code S — open-market or private sale

Absolute commitment

~$89,819

Shares × reported transaction price

Timing vs results

86 days after results of Aug 5, 2025, 7 days before results of Nov 6, 2025

Results dates are the company's own 8-K (Item 2.02). Many companies only let insiders trade in a window after results

Price at the time

Closed at $438.09 on Oct 30, 2025, within 1% of its 52-week high, after a 3% rise over the previous 30 trading days

52-week range $267.12 (Apr 8, 2025) to $441.26 (Oct 29, 2025), 98% of the way up, from 250 adjusted closes. 30 trading days earlier: $426.39 on Sep 18, 2025. Describes the past only, not a forecast

Planned / mechanical clue

None found in footnotes

Only flagged when a footnote says so; never inferred

Securities lawsuit open at the trade date

A securities lawsuit naming the company as a defendant was filed on Mar 5, 2025 in the U.S. District Court, S.D. Indiana. A filing is an allegation, not a finding.

BAKER v. CUMMINS INC., docket 1:25-cv-00430, via CourtListener (court records). Nature of suit 850, company named as first defendant

After it was reported

After	Stock	S&P 500	Difference
7 days	+10.7%	−0.3%	+10.9%
30 days	+16.0%	+0.1%	+15.9%
90 days	+36.0%	+1.8%	+34.2%
180 days	+50.0%	+5.1%	+45.0%

Past results only. Not a forecast.

Source receipt

Record ID: 0001225208-25-008826
Filed / recorded: Oct 31, 2025, 7:29 PM UTC
Added to OQRO: Oct 2, 2026, 12:27 PM UTC
Parser: form4-xml-v1
Data quality: Verified: identifiers matched exactly
Issuer: CUMMINS INC
Issuer CIK: 26172
Ticker: CMI
Reporting person: Mark Andrew Smith
Relationship: Officer
Officer title: VP - Chief Financial Officer
Security: Common
Table: Non-derivative (Table I)
Transaction date: Oct 30, 2025
Transaction code: S
Shares / units: 200
Price per share: $449.10
Acquired / disposed: Disposed (D)
Shares owned after: 31,582
Ownership form: Direct
Amendment: No

Footnotes from the filing

The price reported in Column 4 is a weighted average price. The shares were sold in multiple transactions at prices ranging from $449.00 - $449.19. 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.