[Form 4] Commerce Bancshares Inc Insider Trading Activity

Rhea-AI Filing Summary

Commerce Bancshares (CBSH) Director Jonathan M. Kemper reported acquiring 820 shares at $62.3136 per share on June 24, 2025, through the Executive Compensation Plan. The transaction value totals approximately $51,097.

Following this transaction, Kemper's holdings include:

• Direct ownership: 1,059,638 shares
• Indirect ownership: 604,197 shares through various trusts and entities including: - 186,534 shares via Executive Compensation Plan - 270,564 shares via Tower Properties Co - 47,818 shares in Irrevocable Trust - 38,346 shares in 401(k) - Multiple family trusts holdings

This Form 4 filing demonstrates significant insider ownership, with Kemper maintaining substantial direct and indirect positions in Commerce Bancshares through various ownership structures.

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^*

KEMPER JONATHAN M

(Last) (First) (Middle)

1000 WALNUT ST., 7TH FLOOR

(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)
06/24/2025

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	06/24/2025		A		820	A	$62.3136	186,534	I	Exec Comp Plan
Common Stock								38,346	I	401(k)
Common Stock								12,248	I	David BR Kemper Irrev Trust
Common Stock								1,059,638	D
Common Stock								47,818	I	Irrev Trust For Self
Common Stock								8,418	I	Nicolas Kemper Irrev Trust
Common Stock								40,271	I	Nicolas Kemper Trust
Common Stock								270,564	I	Tower Properties Co

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: Jonathan M. Kemper	06/26/2025
	** 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.

FAQ

How many CBSH shares did Jonathan M. Kemper acquire on June 24, 2025?

According to the Form 4 filing, Jonathan M. Kemper acquired 820 shares of CBSH common stock at a price of $62.3136 per share on June 24, 2025 through the Executive Compensation Plan.

What is Jonathan M. Kemper's total direct ownership of CBSH stock?

According to the Form 4, Jonathan M. Kemper directly owns 1,059,638 shares of Commerce Bancshares (CBSH) stock, marked as 'D' for direct ownership.

How many CBSH shares does Jonathan Kemper own through Tower Properties Co?

The Form 4 shows that Jonathan Kemper indirectly owns 270,564 shares of CBSH through Tower Properties Co.

What is Jonathan Kemper's role at Commerce Bancshares (CBSH)?

According to the Form 4 filing, Jonathan M. Kemper serves as a Director of Commerce Bancshares Inc., as indicated by the 'X' mark in the Director box under Section 5 of the form.

What is the total indirect ownership of CBSH shares by Jonathan Kemper through various trusts and plans?

Jonathan Kemper's indirect ownership through various trusts and plans includes: 186,534 shares in Exec Comp Plan, 38,346 shares in 401(k), 12,248 shares in David BR Kemper Irrev Trust, 47,818 shares in Irrev Trust For Self, 8,418 shares in Nicolas Kemper Irrev Trust, 40,271 shares in Nicolas Kemper Trust, and 270,564 shares in Tower Properties Co, totaling 604,199 indirect shares.