SEC Form 4 · accession 0000022356-26-000185
COMMERCE BANCSHARES INC /MO/ · CBSH
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
John W Kemper
Officer — President and CEO · Director
Period of report
Jul 29, 2026
Accepted (ET)
Jul 30, 2026 · 3:47 pm EDT
Rule 10b5-1 plan
box not checked
Issuer CIK
0000022356
Table I — non-derivative securities
| Security | Date | Code | Shares | Price | A/D | Owned after | D/I | Nature of ownership |
|---|---|---|---|---|---|---|---|---|
| Common Stock | Jul 29, 2026 | M | 10,289 | $36.4398 | A | 216,817 | D | |
| Common Stock | Jul 29, 2026 | M | 16,097 | $39.8997 | A | 232,914 | D | |
| Common Stock | Jul 29, 2026 | F | 1,618 | $60.68 | D | 231,296 | D | |
| Common Stock | Jul 29, 2026 | F | 2,165 | $60.63 | D | 229,131 | D | |
| Common Stock | Jul 29, 2026 | D | 6,179 | $60.68 | D | 222,952 | D | |
| Common Stock | Jul 29, 2026 | D | 10,594 | $60.63 | D | 212,358 | D | |
| Common StockF1 | Jul 29, 2026 | S | 5,830 | $60.5815 | D | 206,528 | D | |
| Common Stock | holding | — | — | — | 284,092 | I | Tower Properties Co |
Table II — derivative securities
| Security | Conv. / exercise price | Date | Code | Shares | A/D | Exercisable | Expires | Underlying | Underlying shares | Owned after | D/I |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Stock Appreciation RightsF2 | $36.4398 | Jul 29, 2026 | M | 10,289 | D | Jan 31, 2018 | Jan 31, 2027 | Common Stock | 10,289 | 0 | D |
| Stock Appreciation RightsF3 | $39.8997 | Jul 29, 2026 | M | 16,097 | D | Jan 24, 2019 | Jan 24, 2028 | Common Stock | 16,097 | 0 | D |
Explanation of responses
- F1Sale prices ranged from $60.565 to $60.62.
- F2The stock appreciation right vests in four equal annual installments beginning January 31, 2018.
- F3The stock appreciation right vests in four equal annual installments beginning January 24, 2019.