=== SEC Form 4 — Statement of Changes in Beneficial Ownership ===
Document Type: 4
Period of Report: 2026-05-14
10b5-1 Pre-arranged Plan: No
--- Issuer ---
Name: CATERPILLAR INC (CAT)
CIK: 0000018230
--- Reporting Owner ---
Name: Johnson Denise C
CIK: 0001608229
Role: Officer (Group President)
--- Non-Derivative Transactions ---
[Transaction #1]
Security: Common Stock
Date: 2026-05-14 | Code: M (Exercise of derivative)
Shares: +16,078 | Price: $196.70
Total Value: $3,162,542.60
Shares Owned After: 65,903 | Ownership: D (Direct)
[Transaction #2]
Security: Common Stock
Date: 2026-05-14 | Code: F (Payment of exercise/tax)
Shares: -3,473 | Price: $910.55
Total Value: $3,162,340.15
Shares Owned After: 62,430 | Ownership: D (Direct)
[Transaction #3]
Security: Common Stock
Date: 2026-05-14 | Code: S (Open market sale)
Shares: -1,787 | Price: $904.70
Total Value: $1,616,698.90
Shares Owned After: 60,643 | Ownership: D (Direct)
Footnotes:
[F1] This transaction was executed in multiple trades at prices ranging from $904.25 to $905.22. The price reported above reflects the weighted average sale price. The reporting person hereby undertakes to provide upon request to the SEC staff, the issuer or a security holder of the issuer full information regarding the number of shares and prices at which the transaction was effected.
[Transaction #4]
Security: Common Stock
Date: 2026-05-14 | Code: S (Open market sale)
Shares: -2,259 | Price: $905.73
Total Value: $2,046,044.07
Shares Owned After: 58,384 | Ownership: D (Direct)
Footnotes:
[F2] This transaction was executed in multiple trades at prices ranging from $905.25 to $906.20. The price reported above reflects the weighted average sale price. The reporting person hereby undertakes to provide upon request to the SEC staff, the issuer or a security holder of the issuer full information regarding the number of shares and prices at which the transaction was effected.
[Transaction #5]
Security: Common Stock
Date: 2026-05-14 | Code: S (Open market sale)
Shares: -1,491 | Price: $906.73
Total Value: $1,351,934.43
Shares Owned After: 56,893 | Ownership: D (Direct)
Footnotes:
[F3] This transaction was executed in multiple trades at prices ranging from $906.25 to $907.22. The price reported above reflects the weighted average sale price. The reporting person hereby undertakes to provide upon request to the SEC staff, the issuer or a security holder of the issuer full information regarding the number of shares and prices at which the transaction was effected
[Transaction #6]
Security: Common Stock
Date: 2026-05-14 | Code: S (Open market sale)
Shares: -1,191 | Price: $907.98
Total Value: $1,081,404.18
Shares Owned After: 55,702 | Ownership: D (Direct)
Footnotes:
[F4] This transaction was executed in multiple trades at prices ranging from $907.26 to $908.24. The price reported above reflects the weighted average sale price. The reporting person hereby undertakes to provide upon request to the SEC staff, the issuer or a security holder of the issuer full information regarding the number of shares and prices at which the transaction was effected
[Transaction #7]
Security: Common Stock
Date: 2026-05-14 | Code: S (Open market sale)
Shares: -2,302 | Price: $908.76
Total Value: $2,091,965.52
Shares Owned After: 53,400 | Ownership: D (Direct)
Footnotes:
[F5] This transaction was executed in multiple trades at prices ranging from $908.27 to $909.25. The price reported above reflects the weighted average sale price. The reporting person hereby undertakes to provide upon request to the SEC staff, the issuer or a security holder of the issuer full information regarding the number of shares and prices at which the transaction was effected
[Transaction #8]
Security: Common Stock
Date: 2026-05-14 | Code: S (Open market sale)
Shares: -1,568 | Price: $909.70
Total Value: $1,426,409.60
Shares Owned After: 51,832 | Ownership: D (Direct)
Footnotes:
[F6] This transaction was executed in multiple trades at prices ranging from $909.46 to $910.45. The price reported above reflects the weighted average sale price. The reporting person hereby undertakes to provide upon request to the SEC staff, the issuer or a security holder of the issuer full information regarding the number of shares and prices at which the transaction was effected
[Transaction #9]
Security: Common Stock
Date: 2026-05-14 | Code: S (Open market sale)
Shares: -402 | Price: $910.65
Total Value: $366,081.30
Shares Owned After: 51,430 | Ownership: D (Direct)
Footnotes:
[F7] This transaction was executed in multiple trades at prices ranging from $910.62 to $910.89. The price reported above reflects the weighted average sale price. The reporting person hereby undertakes to provide upon request to the SEC staff, the issuer or a security holder of the issuer full information regarding the number of shares and prices at which the transaction was effected
[Transaction #10]
Security: Common Stock
Date: 2026-05-14 | Code: S (Open market sale)
Shares: -1,605 | Price: $911.92
Total Value: $1,463,631.60
Shares Owned After: 49,825 | Ownership: D (Direct)
Footnotes:
[F8] This transaction was executed in multiple trades at prices ranging from $911.76 to $911.96. The price reported above reflects the weighted average sale price. The reporting person hereby undertakes to provide upon request to the SEC staff, the issuer or a security holder of the issuer full information regarding the number of shares and prices at which the transaction was effected
--- Derivative Transactions ---
[Transaction #1]
Security: Employee Stock Options
Date: 2026-05-14 | Code: M (Exercise of derivative)
Shares: -16,078 | Price: $196.70
Exercisable: N/A | Expires: 2032-03-07
Shares Owned After: 0 | Ownership: D (Direct)
Footnotes:
[F9] The stock options were granted pursuant to the Caterpillar Inc. 2014 Long-Term Incentive Plan on March 7, 2022 and vest equally in 1/3 increments on the first, second and third anniversaries of the grant date.
--- Footnotes (Complete Index) ---
F1: This transaction was executed in multiple trades at prices ranging from $904.25 to $905.22. The price reported above reflects the weighted average sale price. The reporting person hereby undertakes to provide upon request to the SEC staff, the issuer or a security holder of the issuer full information regarding the number of shares and prices at which the transaction was effected.
F2: This transaction was executed in multiple trades at prices ranging from $905.25 to $906.20. The price reported above reflects the weighted average sale price. The reporting person hereby undertakes to provide upon request to the SEC staff, the issuer or a security holder of the issuer full information regarding the number of shares and prices at which the transaction was effected.
F3: This transaction was executed in multiple trades at prices ranging from $906.25 to $907.22. The price reported above reflects the weighted average sale price. The reporting person hereby undertakes to provide upon request to the SEC staff, the issuer or a security holder of the issuer full information regarding the number of shares and prices at which the transaction was effected
F4: This transaction was executed in multiple trades at prices ranging from $907.26 to $908.24. The price reported above reflects the weighted average sale price. The reporting person hereby undertakes to provide upon request to the SEC staff, the issuer or a security holder of the issuer full information regarding the number of shares and prices at which the transaction was effected
F5: This transaction was executed in multiple trades at prices ranging from $908.27 to $909.25. The price reported above reflects the weighted average sale price. The reporting person hereby undertakes to provide upon request to the SEC staff, the issuer or a security holder of the issuer full information regarding the number of shares and prices at which the transaction was effected
F6: This transaction was executed in multiple trades at prices ranging from $909.46 to $910.45. The price reported above reflects the weighted average sale price. The reporting person hereby undertakes to provide upon request to the SEC staff, the issuer or a security holder of the issuer full information regarding the number of shares and prices at which the transaction was effected
F7: This transaction was executed in multiple trades at prices ranging from $910.62 to $910.89. The price reported above reflects the weighted average sale price. The reporting person hereby undertakes to provide upon request to the SEC staff, the issuer or a security holder of the issuer full information regarding the number of shares and prices at which the transaction was effected
F8: This transaction was executed in multiple trades at prices ranging from $911.76 to $911.96. The price reported above reflects the weighted average sale price. The reporting person hereby undertakes to provide upon request to the SEC staff, the issuer or a security holder of the issuer full information regarding the number of shares and prices at which the transaction was effected
F9: The stock options were granted pursuant to the Caterpillar Inc. 2014 Long-Term Incentive Plan on March 7, 2022 and vest equally in 1/3 increments on the first, second and third anniversaries of the grant date.
--- Signature ---
/s/ /s/ Nicole Puza, POA for Denise Johnson (2026-05-15)
