Commerce Bancshares (CBSH) director buys 545 shares at $61.94

Commerce Bancshares director William Kyle Chapman purchased 545 shares of Commerce Bancshares Inc. (CBSH) on 08/29/2025 at a price of $61.94 per share.

Rhea-AI Filing Summary

Commerce Bancshares director William Kyle Chapman purchased 545 shares of Commerce Bancshares Inc. (CBSH) on 08/29/2025 at a price of $61.94 per share. Following the transaction he beneficially owned 7,773 shares directly. The Form 4 was signed on behalf of Chapman by Paul A. Steiner on 09/03/2025. No derivative transactions or additional holdings are reported.

Positive

• Director purchase disclosed: 545 shares acquired, demonstrating insider buying activity
• Complete disclosure: Form 4 filed with signature by Paul A. Steiner confirming the report

Negative

• None.

Insights

Financial Analyst

TL;DR: A routine small insider purchase by a director; limited market impact but signals personal investment.

The purchase of 545 shares at $61.94 represents a modest insider buy and increases the director's direct stake to 7,773 shares. For a company the size implied by the context, this transaction is unlikely to be material to valuation or share supply. It is a confirming signal of personal investment but does not provide information about company performance or forecasts.

Corporate Governance Expert

TL;DR: Compliance filing appears standard; transaction disclosed under Section 16 with timely reporting.

The Form 4 discloses a direct acquisition and includes an authorized signature, meeting disclosure norms. There are no indications of Rule 10b5-1 plan usage or related-party arrangements in the text provided. The disclosure is routine and fulfills Section 16 reporting requirements without revealing governance concerns.

Insider Trade Summary

Grant/Award: 545 shares

Grant/Award 1 txn

Insider CHAPMAN WILLIAM KYLE

Role Director

Type	Security	Shares	Price	Value
Grant/Award	Common Stock	545	$61.94	$34K

Holdings After Transaction: Common Stock — 7,773 shares (Direct)

FAQ

AI-generated questions and answers. How Rhea-AI works. Not financial advice.

What did William Kyle Chapman report on the Form 4 for CBSH?

The Form 4 reports a direct purchase of 545 shares of Commerce Bancshares Inc. at $61.94 per share on 08/29/2025, resulting in 7,773 shares beneficially owned.

Does the Form 4 show any derivative transactions for CBSH by Chapman?

No. The filing shows only a non-derivative purchase of common stock and contains no reported derivative securities.

Who signed the Form 4 for William Kyle Chapman?

The Form 4 was signed on behalf of William Kyle Chapman by Paul A. Steiner on 09/03/2025.

Was this Form 4 filed as an individual filing or joint filing?

The form indicates it was filed by one reporting person (individual filing).

Is there any indication the transaction was part of a 10b5-1 plan?

No. The filing does not check or state that the transaction was made pursuant to a Rule 10b5-1 trading plan.

AI-generated analysis. How Rhea-AI works. Not financial advice.

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Accepted by SEC EDGAR 09/03/2025 - 05:01 PM Learn about SEC filing dates

SEC Form 4

FORM 4

UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934
or Section 30(h) of the Investment Company Act of 1940

OMB APPROVAL

OMB Number:			3235-0287
Estimated average burden
hours per response:			0.5

Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).

Check this box to indicate that a transaction was made pursuant to a contract, instruction or written plan for the purchase or sale of equity securities of the issuer that is intended to satisfy the affirmative defense conditions of Rule 10b5-1(c). See Instruction 10.

1. Name and Address of Reporting Person^*

CHAPMAN WILLIAM KYLE

(Last) (First) (Middle)

1000 WALNUT ST.

(Street)

KANSAS CITY MO 64106

(City) (State) (Zip)

2. Issuer Name and Ticker or Trading Symbol
COMMERCE BANCSHARES INC /MO/ [ CBSH ]

5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)

X	Director		10% Owner
	Officer (give title below)		Other (specify below)

3. Date of Earliest Transaction (Month/Day/Year)
08/29/2025

4. If Amendment, Date of Original Filed (Month/Day/Year)

6. Individual or Joint/Group Filing (Check Applicable Line)

X	Form filed by One Reporting Person
	Form filed by More than One Reporting Person

Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1. Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	3. Transaction Code (Instr. 8)		4. Securities Acquired (A) or Disposed Of (D) (Instr. 3, 4 and 5)			5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4)	6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)
			Code	V	Amount	(A) or (D)	Price
Common Stock	08/29/2025		A		545	A	$61.94	7,773	D

Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 3)	2. Conversion or Exercise Price of Derivative Security	3. Transaction Date (Month/Day/Year)	3A. Deemed Execution Date, if any (Month/Day/Year)	4. Transaction Code (Instr. 8)		5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5)		6. Date Exercisable and Expiration Date (Month/Day/Year)		7. Title and Amount of Securities Underlying Derivative Security (Instr. 3 and 4)		8. Price of Derivative Security (Instr. 5)	9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4)	10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)
				Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares

Explanation of Responses:

	By: Paul A. Steiner For: William Kyle Chapman	09/03/2025
	** Signature of Reporting Person	Date
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* If the form is filed by more than one reporting person, see Instruction 4 (b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB Number.