Insider trade

Director purchased ~$171K of CAT shares in the open market

Traded Nov 6, 2025 · Filed Nov 6, 2025

~$171K
Reported value · 300 sh @ $568.86: 7,947
Holds after · shares reported: +45.0%
stock since the trade · S&P 500 +14.0%, $569.78 → $826.35 on Oct 1

David Maclennan, Director's past purchases, 90 days after disclosure: 5 buys, median +6.3% vs S&P 500, beat it 4 of 5 times. Past results, not a forecast.

Why it stands out

A board member of Caterpillar spent $171K of their very own money to buy Caterpillar shares.

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: Nov 6, 2025
Reporting period: Not applicable
Filed with the SEC: Nov 6, 2025

Director$100K–$500KHoldings +4%

Context

Classification

open market purchase

Code P — open-market or private purchase

Absolute commitment

~$170,658

Shares × reported transaction price

Size band

$100K–$500K

Ownership change

+3.9%

Purchase shares ÷ estimated pre-transaction holdings, from the filing

Rarity

Not enough history to judge

Confirmed open-market purchases by the same insider in the available history

Cluster activity

No other insider purchases within 30 days

Distinct insiders at the same issuer with confirmed open-market purchases

Timing vs results

8 days after results of Oct 29, 2025, 84 days before results of Jan 29, 2026

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 $569.78 on Nov 6, 2025, within 3% of its 52-week high, after a 23% rise over the previous 30 trading days

52-week range $273.94 (Apr 8, 2025) to $585.49 (Oct 29, 2025), 95% of the way up, from 250 adjusted closes. 30 trading days earlier: $463.72 on Sep 25, 2025. Describes the past only, not a forecast

Planned / mechanical clue

None found in footnotes

Only flagged when a footnote says so; never inferred

After it was reported

After	Stock	S&P 500	Difference
7 days	-1.6%	+0.1%	-1.8%
30 days	+5.9%	+1.9%	+4.0%
90 days	+20.5%	+1.0%	+19.5%
180 days	+64.6%	+9.4%	+55.2%

Past results only. Not a forecast.

Source receipt

Record ID: 0001104659-25-107671
Filed / recorded: Nov 6, 2025, 8:15 PM UTC
Added to OQRO: Oct 2, 2026, 3:52 AM UTC
Parser: form4-xml-v1
Data quality: Verified: identifiers matched exactly
Issuer: CATERPILLAR INC
Issuer CIK: 18230
Ticker: CAT
Reporting person: David Maclennan
Relationship: Director
Security: Common Stock
Table: Non-derivative (Table I)
Transaction date: Nov 6, 2025
Transaction code: P
Shares / units: 300
Price per share: $568.86
Acquired / disposed: Acquired (A)
Shares owned after: 7,947
Ownership form: Direct
Amendment: No

Footnotes from the filing

Includes adjustments for dividends accrued.

Around the same time

CFO sold10mo ago

~$783KReported value · 1,378 sh @ $568.57

The money chief of Caterpillar sold $783K of Caterpillar shares. Nobody planned it ahead of time.

Why it stands out Official record

CFO sold10mo ago

~$1.34MReported value · 2,360 sh @ $569.35

The money chief of Caterpillar sold $1.34M of Caterpillar shares. Nobody planned it ahead of time.

Why it stands out Official record

CFO sold10mo ago

~$217KReported value · 381 sh @ $570.27

The money chief of Caterpillar sold $217K of Caterpillar shares. Nobody planned it ahead of time.

Why it stands out Official record

David Maclennan, Director's past purchases, 90 days after disclosure: 5 buys, median +6.3% vs S&P 500, beat it 4 of 5 times. Past results, not a forecast.