CAT

There have been no material changes to the risk factors we previously disclosed in our Annual Report on Form 10-K for the year ended December 31, 2025. Item 2. Unregistered Sales of Equity Securities and Use of Proceeds Issuer Purchases of Equity Securities Period Total Number of Shares Purchased Average Price Paid per Share Total Number of Shares Purchased as Part of Publicly Announced Program Approximate DollarValue of Shares thatMay Yet be Purchasedunder the Program (in billions)1 April 1-30, 2026 195,811 $ 766.00 195,811 $ 9.760 May 1-31, 2026 1,037,993 $ 890.17 1,037,993 2 $ 8.586 June 1-30, 2026 180,521 $ 947.20 180,521 $ 8.415 Total 1,414,325 $ 880.26 1,414,325 1 In June 2024, the Board approved a share repurchase authorization (the 2024 Authorization) of up to $20.0 billion of Caterpillar common stock, effective June 12, 2024, with no expiration. As of June 30, 2026, approximately $8.4 billion remained available under the 2024 Authorization. 2 Includes shares acquired pursuant to the accelerated share repurchase agreements entered into during the second quarter of 2026. Non-U.S. Employee Stock Purchase Plans As of June 30, 2026, we had 38 employee stock purchase plans (the “EIP Plans”) that are administered outside the United States for our non-U.S. employees, which had approximately 19,000 active participants in the aggregate. During the second quarter of 2026, approximately 21,000 shares of Caterpillar common stock were purchased by the EIP Plans pursuant to the terms of such plans.