Insider trade

Director sold ~$971K of CMI shares in the open market

Traded Feb 11, 2026 · Filed Feb 13, 2026

CumminsCMI

~$971K
Reported value · 1,608 sh @ $604.15: 49K
Holds after · shares reported: -12.6%
stock since the trade · S&P 500 +12.0%, $598.90 → $523.37 on Oct 5

Why it stands out

A board member of Cummins sold $971K 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: Feb 11, 2026
Reporting period: Not applicable
Filed with the SEC: Feb 13, 2026

Director$500K–$1M

Context

Classification

open market sale

Code S — open-market or private sale

Absolute commitment

~$971,473

Shares × reported transaction price

Timing vs results

6 days after results of Feb 5, 2026, 83 days before results of May 5, 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 $598.90 on Feb 11, 2026, within 2% of its 52-week high, after a 16% rise over the previous 30 trading days

52-week range $267.12 (Apr 8, 2025) to $605.63 (Feb 4, 2026), 98% of the way up, from 251 adjusted closes. 30 trading days earlier: $514.64 on Dec 29, 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	+0.8%	+0.7%	+0.1%
30 days	-9.3%	-3.4%	-5.9%
90 days	+13.8%	+8.2%	+5.6%
180 days	+7.6%	+13.2%	-5.5%

Past results only. Not a forecast.

Source receipt

Record ID: 0001225208-26-001908
Filed / recorded: Feb 13, 2026, 10:54 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: William I Miller
Relationship: Director
Security: Common
Table: Non-derivative (Table I)
Transaction date: Feb 11, 2026
Transaction code: S
Shares / units: 1,608
Price per share: $604.15
Acquired / disposed: Disposed (D)
Shares owned after: 48,724.9438
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 $604.00 - $604.15. 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.

Around the same time

7mo ago

Congressional trade

$1,001 - $15,000Reported range · official band, not an exact amount

3 different filers disclosed CMI within 90 days. Disclosed 36 days after the transaction; reported as an official range, not an exact amount.

Why it stands out Official record

Officer sold7mo ago

~$68KReported value · 120 sh @ $565.9233

Cummins's VP & Pres. - Accelera and Com sold $68K of Cummins shares. Nobody planned it ahead of time.

Why it stands out Official record

Officer sold7mo ago

~$90KReported value · 160 sh @ $564.3025

Cummins's VP & Pres. - Accelera and Com sold $90K of Cummins shares. Nobody planned it ahead of time.

Why it stands out Official record