SEC Form 4 · accession 0000022356-26-000197
COMMERCE BANCSHARES INC /MO/ · CBSH
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
David L Orf
Officer — Exec. Vice President & CCO
Period of report
Aug 14, 2026
Accepted (ET)
Aug 18, 2026 · 2:43 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 | Aug 14, 2026 | M | 1,194 | $37.9094 | A | 26,156 | D | |
| Common Stock | Aug 14, 2026 | M | 1,353 | $39.1416 | A | 27,509 | D | |
| Common Stock | Aug 14, 2026 | F | 275 | $60.31 | D | 27,234 | D | |
| Common Stock | Aug 14, 2026 | D | 1,630 | $60.31 | D | 25,604 | D | |
| Common Stock | Aug 14, 2026 | S | 642 | $60.35 | D | 24,962 | D | |
| Common Stock | holding | — | — | — | 24,982 | I | 401(K) |
Table II — derivative securities
| Security | Conv. / exercise price | Date | Code | Shares | A/D | Exercisable | Expires | Underlying | Underlying shares | Owned after | D/I |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Stock Appreciation RightsF1 | $37.9094 | Aug 14, 2026 | M | 1,194 | D | Mar 2, 2018 | Mar 2, 2027 | Common Stock | 1,194 | 0 | D |
| Stock Appreciation RightsF2 | $39.1416 | Aug 14, 2026 | M | 1,353 | D | Mar 1, 2019 | Mar 1, 2028 | Common Stock | 1,353 | 0 | D |
Explanation of responses
- F1The stock appreciation right vests in four equal annual installments beginning March 2, 2018.
- F2The stock appreciation right vests in four equal annual installments beginning March 1, 2019.