Insider trade

CFO sold ~$2.48M of CMI shares in the open market

Traded Nov 6, 2025 · Filed Nov 10, 2025

CumminsCMI

~$2.48M
Reported value · 5,310 sh @ $467.37: 32K
Holds after · shares reported: +11.7%
stock since the trade · S&P 500 +14.0%, $462.80 → $517.00 on Oct 1

Why it stands out

The money chief of Cummins sold $2.48M 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: Nov 6, 2025
Reporting period: Not applicable
Filed with the SEC: Nov 10, 2025

CFO$1M+

Context

Classification

open market sale

Code S — open-market or private sale

Absolute commitment

~$2,481,735

Shares × reported transaction price

Timing vs results

on the day of results (Nov 6, 2025), 91 days before results of Feb 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 $462.80 on Nov 6, 2025, at its 52-week high, after a 12% rise over the previous 30 trading days

52-week range $267.12 (Apr 8, 2025) to $462.80 (Nov 6, 2025), 100% of the way up, from 250 adjusted closes. 30 trading days earlier: $414.04 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

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	-2.3%	-3.4%	+1.0%
30 days	+10.0%	+0.9%	+9.1%
90 days	+26.3%	+1.6%	+24.7%
180 days	+47.6%	+8.2%	+39.4%

Past results only. Not a forecast.

Source receipt

Record ID: 0001225208-25-009056
Filed / recorded: Nov 10, 2025, 9:09 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: Nov 6, 2025
Transaction code: S
Shares / units: 5,310
Price per share: $467.37
Acquired / disposed: Disposed (D)
Shares owned after: 31,582
Ownership form: Direct
Amendment: No

Around the same time

10mo ago

2,400Shares · @ $142.12

Derivative exercise or conversion — not an open-market buy.

Why it stands out Official record

Officer sold10mo ago

~$710KReported value · 1,450 sh @ $489.32

Cummins's V.P & Pres. - Engine Business sold $710K of Cummins shares. Nobody planned it ahead of time.

Why it stands out Official record

10mo ago

2,400Derivative units

Derivative exercise or conversion — not an open-market buy.

Why it stands out Official record