Lamb-Hale Nicole 4

What Happened
Nicole Lamb-Hale, Vice President, Chief Accounting Officer & Corporate Secretary of Cummins Inc. (CMI), sold a total of 2,408 shares in open-market transactions on May 8, 2026. The sales were reported in three lots: 280 shares (weighted avg price $685.63) for $191,977; 947 shares (weighted avg $686.48) for $650,100; and 1,181 shares (weighted avg $684.35) for $808,218. Combined proceeds were approximately $1,650,295. These were dispositions (sales), not purchases or option exercises.

Key Details

• Transaction date: 2026-05-08 (all reported same day).
• Lot breakdown:
  • 280 shares @ $685.63 (WA) = $191,977 — prices in range $685.025–$685.84 (see footnote F1).
  • 947 shares @ $686.48 (WA) = $650,100 — prices in range $686.05–$686.61 (F2).
  • 1,181 shares @ $684.35 (WA) = $808,218 — prices in range $683.84–$684.615 (F3).
    (WA = weighted average; footnotes state shares sold in multiple transactions within these ranges and that full breakdown will be provided on request.)
• Total sold: 2,408 shares for ~$1,650,295.
• Transaction code: S = Sale (open market or private sale per filing).
• Shares owned after transaction: not reported in the provided Form 4.
• Filing timeliness: Form filed on 2026-05-08 (same day as the report date); no late filing indicated.

Context
These were outright sales of company stock. Sales by insiders can be for many routine reasons (diversification, liquidity, tax planning) and do not by themselves indicate the insider’s view of the company. For retail investors, purchases by insiders tend to be more directly informative about insider confidence; this filing documents a routine disposition activity.