Insider trade

CFO sold ~$465K of CMI shares in the open market

Traded Nov 6, 2025 · Filed Nov 10, 2025

CumminsCMI

~$465K
Reported value · 975 sh @ $476.9873: 42K
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 $465K 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$100K–$500K

Context

Classification

open market sale

Code S — open-market or private sale

Absolute commitment

~$465,063

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: 975
Price per share: $476.9873
Acquired / disposed: Disposed (D)
Shares owned after: 42,114
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 $476.98 - $477.00. 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.