=== SEC Form 4 — Statement of Changes in Beneficial Ownership ===
Document Type: 4
Period of Report: 2026-08-28
10b5-1 Pre-arranged Plan: No
--- Issuer ---
Name: CATERPILLAR INC (CAT)
CIK: 0000018230
--- Reporting Owner ---
Name: Creed Joseph E
CIK: 0001739859
Role: Officer (Chief Executive Officer)
--- Non-Derivative Transactions ---
[Transaction #1]
Security: Common Stock
Date: 2026-08-28 | Code: M (Exercise of derivative)
Shares: +44,403 | Price: $219.76
Total Value: $9,758,003.28
Shares Owned After: 78,958 | Ownership: D (Direct)
Footnotes:
[F1] This transaction includes dividends accrued.
[Transaction #2]
Security: Common Stock
Date: 2026-08-28 | Code: F (Payment of exercise/tax)
Shares: -12,002 | Price: $812.98
Total Value: $9,757,385.96
Shares Owned After: 66,956 | Ownership: D (Direct)
[Transaction #3]
Security: Common Stock
Date: 2026-08-28 | Code: S (Open market sale)
Shares: -480 | Price: $800.19
Total Value: $384,091.20
Shares Owned After: 66,476 | Ownership: D (Direct)
Footnotes:
[F2] The transaction was executed in multiple trades at prices ranging from $799.67 to $800.63. 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: 2026-08-28 | Code: S (Open market sale)
Shares: -540 | Price: $801.10
Total Value: $432,594.00
Shares Owned After: 65,936 | Ownership: D (Direct)
Footnotes:
[F3] The transaction was executed in multiple trades at prices ranging from $800.68 to $801.53. 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: 2026-08-28 | Code: S (Open market sale)
Shares: -280 | Price: $802.10
Total Value: $224,588.00
Shares Owned After: 65,656 | Ownership: D (Direct)
Footnotes:
[F4] The transaction was executed in multiple trades at prices ranging from $801.68 to $802.25. 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 #6]
Security: Common Stock
Date: 2026-08-28 | Code: S (Open market sale)
Shares: -750 | Price: $803.39
Total Value: $602,542.50
Shares Owned After: 64,906 | Ownership: D (Direct)
Footnotes:
[F5] The transaction was executed in multiple trades at prices ranging from $802.72 to $803.66. 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: 2026-08-28 | Code: S (Open market sale)
Shares: -520 | Price: $803.86
Total Value: $418,007.20
Shares Owned After: 64,386 | Ownership: D (Direct)
Footnotes:
[F6] The transaction was executed in multiple trades at prices ranging from $803.73 to $804.19. 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: 2026-08-28 | Code: S (Open market sale)
Shares: -1,351 | Price: $805.36
Total Value: $1,088,041.36
Shares Owned After: 63,035 | Ownership: D (Direct)
Footnotes:
[F7] The transaction was executed in multiple trades at prices ranging from $804.78 to $805.75. 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: 2026-08-28 | Code: S (Open market sale)
Shares: -3,382 | Price: $806.31
Total Value: $2,726,940.42
Shares Owned After: 59,653 | Ownership: D (Direct)
Footnotes:
[F8] The transaction was executed in multiple trades at prices ranging from $805.80 to $806.79. 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: 2026-08-28 | Code: S (Open market sale)
Shares: -6,135 | Price: $807.41
Total Value: $4,953,460.35
Shares Owned After: 53,518 | Ownership: D (Direct)
Footnotes:
[F9] The transaction was executed in multiple trades at prices ranging from $806.85 to $807.83. 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 #11]
Security: Common Stock
Date: 2026-08-28 | Code: S (Open market sale)
Shares: -2,639 | Price: $808.20
Total Value: $2,132,839.80
Shares Owned After: 50,879 | Ownership: D (Direct)
Footnotes:
[F10] The transaction was executed in multiple trades at prices ranging from $807.87 to $808.76. 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 #12]
Security: Common Stock
Date: 2026-08-28 | Code: S (Open market sale)
Shares: -2,137 | Price: $809.08
Total Value: $1,729,003.96
Shares Owned After: 48,742 | Ownership: D (Direct)
Footnotes:
[F11] The transaction was executed in multiple trades at prices ranging from $808.81 to $809.59. 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 #13]
Security: Common Stock
Date: 2026-08-28 | Code: S (Open market sale)
Shares: -3,041 | Price: $810.31
Total Value: $2,464,152.71
Shares Owned After: 45,701 | Ownership: D (Direct)
Footnotes:
[F12] The transaction was executed in multiple trades at prices ranging from $809.81 to $810.79. 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 #14]
Security: Common Stock
Date: 2026-08-28 | Code: S (Open market sale)
Shares: -5,035 | Price: $811.31
Total Value: $4,084,945.85
Shares Owned After: 40,666 | Ownership: D (Direct)
Footnotes:
[F13] The transaction was executed in multiple trades at prices ranging from $810.81 to $811.73. 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 #15]
Security: Common Stock
Date: 2026-08-28 | Code: S (Open market sale)
Shares: -1,280 | Price: $812.09
Total Value: $1,039,475.20
Shares Owned After: 39,386 | Ownership: D (Direct)
Footnotes:
[F14] The transaction was executed in multiple trades at prices ranging from $811.82 to $812.49. 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 #16]
Security: Common Stock
Date: 2026-08-28 | Code: S (Open market sale)
Shares: -4,831 | Price: $813.72
Total Value: $3,931,081.32
Shares Owned After: 34,555 | Ownership: D (Direct)
Footnotes:
[F15] The transaction was executed in multiple trades at prices ranging from $813.23 to $813.86. 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: 2026-08-28 | Code: M (Exercise of derivative)
Shares: -44,403 | Price: $219.76
Exercise Price: $219.76
Exercisable: N/A | Expires: 2031-03-01
Shares Owned After: 0 | Ownership: D (Direct)
Footnotes:
[F17] The stock options were granted pursuant to the Caterpillar Inc. 2014 Long-Term Incentive Plan on March 1, 2021 and vest equally in 1/3 increments in the first, second and third anniversaries of the grant date.
--- Holdings ---
[Holding #1]
Security: Common Stock
Ownership: I (Indirect)
Footnotes:
[F16] The information in this report is based on a 401(k) plan statement dated as of July 31, 2026.
--- Footnotes (Complete Index) ---
F1: This transaction includes dividends accrued.
F10: The transaction was executed in multiple trades at prices ranging from $807.87 to $808.76. 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.
F11: The transaction was executed in multiple trades at prices ranging from $808.81 to $809.59. 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.
F12: The transaction was executed in multiple trades at prices ranging from $809.81 to $810.79. 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.
F13: The transaction was executed in multiple trades at prices ranging from $810.81 to $811.73. 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.
F14: The transaction was executed in multiple trades at prices ranging from $811.82 to $812.49. 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.
F15: The transaction was executed in multiple trades at prices ranging from $813.23 to $813.86. 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.
F16: The information in this report is based on a 401(k) plan statement dated as of July 31, 2026.
F17: The stock options were granted pursuant to the Caterpillar Inc. 2014 Long-Term Incentive Plan on March 1, 2021 and vest equally in 1/3 increments in the first, second and third anniversaries of the grant date.
F2: The transaction was executed in multiple trades at prices ranging from $799.67 to $800.63. 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: The transaction was executed in multiple trades at prices ranging from $800.68 to $801.53. 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: The transaction was executed in multiple trades at prices ranging from $801.68 to $802.25. 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.
F5: The transaction was executed in multiple trades at prices ranging from $802.72 to $803.66. 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: The transaction was executed in multiple trades at prices ranging from $803.73 to $804.19. 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: The transaction was executed in multiple trades at prices ranging from $804.78 to $805.75. 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: The transaction was executed in multiple trades at prices ranging from $805.80 to $806.79. 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 transaction was executed in multiple trades at prices ranging from $806.85 to $807.83. 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.
--- Signature ---
/s/ /s/ Nicole Puza, POA for Joseph E. Creed (2026-09-01)
