SEC Form 4 · accession 0000022356-26-000203
COMMERCE BANCSHARES INC /MO/ · CBSH
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Jennifer B Upton
Officer — Senior Vice President
Period of report
Sep 4, 2026
Accepted (ET)
Sep 9, 2026 · 5:28 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 | Sep 4, 2026 | M | 220 | $37.9095 | A | 1,850 | D | |
| Common Stock | Sep 4, 2026 | M | 220 | $39.1416 | A | 2,070 | D | |
| Common Stock | Sep 4, 2026 | F | 23 | $58.51 | D | 2,047 | D | |
| Common Stock | Sep 4, 2026 | F | 21 | $58.52 | D | 2,026 | D | |
| Common Stock | Sep 4, 2026 | D | 143 | $58.51 | D | 1,883 | D | |
| Common Stock | Sep 4, 2026 | D | 148 | $58.52 | D | 1,735 | D |
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 | $37.9095 | Sep 4, 2026 | M | 220 | D | Mar 2, 2018 | Mar 2, 2027 | Common Stock | 220 | 0 | D |
| Stock Appreciation RightsF2 | $39.1416 | Sep 4, 2026 | M | 220 | D | Mar 1, 2019 | Mar 1, 2028 | Common Stock | 220 | 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.